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Inquirer.NET (October 24, 2016)

Bayan Muna Rep. Carlos Isagani Zarate on Sunday said new Chinese investment in the Philippines should ensure technology transfer to propel the country to industrialization.

President Duterte’s four-day official visit to China last week generated $24 billion in commitments that, should they materialize, could lead to the creation of 2 million jobs in the next five years.

Business Mirror (October 23, 2016)

ANN Hernandez’s abaca carpets are not for the stingy. Their creations, all handmade and transported straight from the Philippines’s abaca capital, Albay, are sold almost twice as expensive as most of the natural floor coverings in the market, like sisal or jute.

Now who would buy such luxury from a two-year-old start-up enterprise?

The Manila Times (October 19, 2016)

Moody’s raised its 2016 growth forecast for the Philippines as it expects spending from both the government and consumers to remain robust.

The Southeast Asian economy will probably rise 6.5 percent this year, the debt rater said in its latest credit note released Tuesday. In July, Moody’s had said the domestic economy may expand 6.2 percent in 2016.

The Manila Times (October 22, 2016)

The $13.5 billion worth of deals signed between the Philippines and China during the state visit of President Rodrigo Duterte will generate some two million jobs, the country’s trade chief said.

“The $13.5 billion investment agreements would translate to an expected two million jobs in the next five years,” Department of Trade and Industry Secretary Ramon Lopez said in a text message.

Business Mirror (October 18, 2016)

The Philippine property sector is expected to grow in the next six years, as economic indicators have shown that the country has solid macroeconomic fundamentals.

“We are doing fundamentally well. The Asian Development [ADB] and the World Bank have been reminding us that we are going to continue to grow,” Leechiu Property Consultants (LPC) CEO David Leechiu said in a media briefing held on October 12 in Makati City.

The Manila Times (October 20, 2016)

TAIWAN plans to invest around P5 billion more in the Philippines this year, a Taiwanese official said on Wednesday.

“This year, our investments will increase, I believe, by more or less P5 billion,” Taiwan Representative Gary Song-Huann Lin said at the Rotary Club of Makati Fellowship.