Former Finance Secretary Margarito ''Gary'' Teves on Friday urged the removal of the restrictive economic provisions in the 1987 Constitution which limited foreign participation in many sectors.In a press statement, Teves said the removal would generate more businesses to supply consumer demand, thus lowering prices while ensuring a higher quality of goods and services amid intensified competition.
"More businesses competing for the talents and skills of Filipino employees would help improve real wages.''Teves also said that removing these restrictions in the present Constitution would send a clear and compelling message of welcoming foreign investors.He added that attracting more FDIs would help direct more capital, ''and thus more balanced growth in other regions.
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Former lawmaker Ralph Recto confirmed as Finance secretaryThe Commission on Appointments' Committee on Finance confirmed the appointment of former lawmaker Ralph Recto as Finance secretary. Recto, who was regarded by his former colleagues in the Senate as their 'resident economist,' faced no objection from committee members. He will now face the CA plenary.
출처: TheManilaTimes - 🏆 2. / 92 더 많은 것을 읽으십시오 »
Finance Secretary mulls selling NAIA assets as property playFinance Secretary Ralph Recto considers selling NAIA assets as a property play to generate funds and reduce the country's debt. He believes that once the New Manila International Airport in Bulacan becomes operational, there could be better use of NAIA assets. The land preparation in Bulacan is almost completed, and construction of terminals and runways is expected to start next year.
출처: PhilstarNews - 🏆 1. / 94 더 많은 것을 읽으십시오 »
Treasury Secretary Janet Yellen to Visit China for Meetings with Finance LeadersTreasury Secretary Janet Yellen is heading to China for meetings with finance leaders and state officials. Tensions over Chinese government support for electric vehicles and solar panels are causing concerns.
출처: BusinessMirror - 🏆 19. / 59 더 많은 것을 읽으십시오 »