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Business Mirror (May 14, 2018)

The turbulence seen across emerging markets is following a similar pattern to a crisis that rocked global trading more than two decades ago—it involved tequila. 

In the mid-1990s US interest-rate increases helped spark a Mexican peso devaluation that fueled capital flight and caused the so-called "Tequila Crisis".

INQUIRER.NET (May 3, 2018)

Investments registered and approved by the Department of Trade and Industry’s incentives-granting bodies surged by more than half to P181.8 billion in the first quarter of 2018 from a year ago. According to the Bureau of Trade and Industrial Policy Research, the value of projects approved by the Board of Investments and the Philippine Economic Zone Authority was 53-percent higher than the P119.3 billion in the first quarter of 2017.

The Manila Times (April 23, 2018)

Despite a slowdown in February, the Philippine Exporters Confederation (Philexport) expects the country’s exports to grow between 8 percent and 10 percent annually. 

According to Philexport President Sergio Ortiz-Luis Jr., his group is confident that a downturn will not last and predicts a recovery on the back of global growth.

INQUIRER.NET (May 3, 2018)

The Philippine government is tapping budget airline Philippines Air Asia as a partner for official domestic trips. 

The agreement will provide discounted airfares for public servants while providing a steady stream of business for Air Asia Philippines, which is aggressively expanding against larger rivals such as Cebu Pacific Air and Philippine Airlines. 

The so-called government fares agreement was signed Wednesday between the airline, whose operator is a regional giant based in Malaysia, and the Procurement Service-Department of Budget and Management (PS-DBM).

Center for International Trade Expositions and Missions (April 21, 2018)

The Center for International Trade Expositions and Missions (CITEM) would like to clarify the recent online report by Rappler about the Commission on Audit (COA) that refer to the purchase of certain IT equipment in 2017 Audit  Observation Memorandum (AOM).

To better fulfill its mandate in the increasingly competitive and connected global market, CITEM deemed it necessary to upgrade its IT equipment, as it has done in the past, to ensure fast, satisfactory and secure delivery of services to its stakeholders, especially towards the establishment of better communication systems and linkages to its international clientele (i.e. foreign buyers and counterparts).

INQUIRER.NET (April 25, 2018)

As the purchasing power of their wages gets eroded by a jump in prices of basic goods over the past few months, Filipinos across all socioeconomic classes have identified raising workers’ pay and curbing inflation as their most urgent concerns, according to a recent Pulse Asia survey.