“Philippines and UK can be powerful partners for prosperity” Makati Business Club 11 December 2012 – “It is clear that future prosperity (in the Philippines) will be based on partnerships,” said Hugo Swire, Minister of State at the Foreign and Commonwealth Office of the United Kingdom. Addressing members of the Makati Business Club, Management Association …
Category: News
News Items
Jan 15
Philippines ends discrimination against imported spirits
Great news for the UK Drinks Industry. The introduction of a WTO-compliant regime on alcohol and tobacco taxes will end discrimination against imported spirits that was a concern and financial handicap to many UK manufacturers. Wider benefits for the Philippine economy and health sector. This represents a further sign that President continues to push his economic reform …
Jan 14
Philippines 2013 Budget approved
President Aquino has signed the two-trillion peso Philippines 2013 budget (GBP 30 billion and approx. 16% of GDP) into law. Main priority areas are infrastructure development, health, education and support to the conditional cash transfers programme. Growth and increased revenue allow for extra spending while also reducing debt as a percentage of GDP. No pre-election splurge, but …
Nov 08
Remittances to the Philippines by moneygram and wire transfer
Remittances are now sent to the Philippines by moneygram and wire transfer as well as traditional means through the big banks. A remittance is a transfer of money, often by moneygram or wire transfer, by a foreign worker to his or her home country and for the Philippines economy is a significant foreign currency earner. …
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