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PRESIDENT Ferdinand Marcos Jr. will bring home $4 billion, or P220 billion worth of investment deals from his visit to Germany.On Tuesday, March 12, 2024, the Department of Trade and Industry held the Philippine-Germany business forum in Berlin where eight different types of agreements, three letters of intent (LOI) from different German companies, two memoranda of agreement (MOA), and three memoranda of understanding (MOU), covering various sectors, were signed.The LOIs were for the development of a partner hospital to become a training center to support the training needs of other lower tier hospitals, Innovation Think Tank (ITT) hub and “spoke model” to address the strategic target of an inclusive innovation ecosystem in the Philippines, and for the strategic and digital partnership in healthcare with the Department of Health (DOH) with the goal of revolutionizing healthcare in the Philippines, ensuring safety, quality, accessibility and affordability.Through a memorandum of agreement the Philippine government and a German company will embark into a Public Private Partnership to rehabilitate, reclaim, and recultivate degraded farm lands in the Philippines, while another MOA is aimed at expanding potential collaborations in mobility solutions, software services, manufacturing, factory automation, logistics services, energy, security, safety systems for buildings, consumer appliances, and healthcare.Marcos also witnessed the signing of MOU for the establishment of fully integrated solar cell manufacturing facility in the country, manufacturing facility that will modify automobiles into high-end 1 of 1 version and armor protected cars, as well as manufacture military grade armored personnel carriers for the Asian market and data centers that will host a digital insurance platform that will serve the Philippines and Asean region as the group’s main expansion outside of the European Union.In his speech, Marcos expressed gratitude to the German business leaders for participating in the event.He touted the Philippines as the “best choice for investments,” as he reiterated his administration’s commitment to ensure efficient support to foreign investors through purposeful reforms of key legislative amendments.“Together with you as our strategic partner, we can make these investments happen in the Philippines. I invite esteemed German business leaders to continue to keep in mind the Philippines as a reliable partner that can support your market expansion and your operations,” he said.“We prioritize the ease of doing business, exemplified by efforts to simplify tax payments and to streamline regulations, showcasing our unwavering support for businesses,” he added.Marcos noted the amendments to the Public Service Act (PSA), Foreign Investments Act (FIA), Retail Trade Liberalization Act (RTLA), and Renewable Energy (RE) Act, which “mark a new era for strategic investments.”He added the streamlined business registration, infrastructure development and the Comprehensive Tax Reform Program (Create Act), which made the Philippines one of the fastest-growing economies in Asia.The President also highlighted other government efforts such as the overhaul of fiscal incentive structures and responsive policies and the public-private partnership (PPPs), which all play pivotal roles in promoting private sector participation.Marcos also cited the establishment of the Maharlika Investment Fund, “which underscores the government’s dedication to financing priority projects and driving socioeconomic impact.”The chief executive also said that the Philippines is turning to Germany to further foster strong business partnerships and collaboration particularly in renewable energy being European Union’s biggest economy both in Gross Domestic Products and population and a global force in technology and innovation.He said he is always elated by the interest of German companies to support the country’s commitment to sustainability and climate resiliency.“To further support these investments, we have put in place several energy transition policies including investment enablers designed to incentivize energy efficiency,” said Marcos.“We are also working on developing programs that will support and facilitate the efforts to decarbonize our economy. I have high hopes that we can welcome the opportunity for greater cooperation on climate change and energy transition,” he added.He noted that the Philippines is positioning itself as a regional hub for smart and sustainable manufacturing by attracting sustainability-driven strategic investments powered by renewable energy.Marcos said the country recognizes that there are complementarities to be explored in critical minerals, and it is open to having a dedicated dialogue with German companies on the sustainable processing of green metals to be supported by strong adherence to high labor and environmental standards.With the recent global challenges, the President underscored the dangers of limited sourcing, or concentrating supplies in a single country, as he urged for the urgent need to diversify production locations and explore alternative materials to de-risk and minimize disruptions in supply chains.“Moreover, the transition to a low-carbon or net-zero scenario has further propelled the de-risking trend,” Marcos said.“The Philippines and Germany both have aspirations for de-risked and diversified production and market value chains, which future-proofs our economies from the geo-political vagaries of our times,” he added.Marcos also expressed gratitude to the Filipino community in Berlin for their unwavering support as they contributed to the government’s efforts to secure foreign investments through their invaluable work.“You are the envoys, para kayong mga ambassador lahat ng ating kultura. You exemplify the values of family, faith, honesty, hard work, compassion, and solidarity wherever you go,” Marcos told the Filipino community gathering.“Your presence in host countries fosters, hindi lamang dito sa Germany kundi lahat ng ating mga kababayan na nagtatrabaho sa iba’t-ibang bansa at -- the host countries foster goodwill and understanding. It strengthens the bonds between our two nations. It enriches the global community,” he added.Marcos vowed that his administration will continue to work hard and match their contributions by reforms and programs under the “Bagong Pilipinas” agenda.Marcos was the first Philippine president to address German business leaders in 10 years, coinciding with the 70th anniversary of the Philippine-Germany diplomatic relations. (TPM/SunStar Philippines) Philippines sports and recreation Philippines THE Cebu City Government and the Cebu Provincial Government were urged to settle the Cebu Bus Rapid Transit (CBRT) disagreements, as it may result in inconvenience to majority of Cebuanos if it develops into a legal standoff.Cebu City Councilor Nestor Archival, during the Openline News Program on March 12, 2024, maintained his resolution passed during the recent regular session last Wednesday, March 6, for the Cebu City Government through Mayor Michael Rama and Cebu Provincial Government under Governor Gwendolyn Garcia to sit down and discuss a practical solution for ongoing CBRT project in the portion of the Osmeña Boulevard that was affected by the latter's cease-and-desist order.The Council's minority floor leader said that if two leaders do not compromise and bring the matter to court, the Cebuanos will be the ones to suffer."Kung mag-standoff ni, unya maabot ang ting-uwan, unya naay daghan lungag diha, there will be some accidents diha nga mahitabo. Kinsa man ang mabasol diha, diba ang duha gihapon ka institution?" Archival said.(If this develops into a standoff and the rainy season comes, flooding will be noted as there are many holes in the construction site. There will be some accidents. Who will be blamed for it? The two institutions, rights?)He said CBRT was designed to alleviate the commuting woes of the city's residents from Barangay Bulacao and Talamban and for them to enjoy an efficient and seamless public transportation, particularly those who cannot afford to have a private vehicle.Rama threatens lawsuit over CBRT oppositionArchival was a known ally of former mayor Tomas Osmeña, who has been considered the brains behind the CBRT project. He was also part of the team that conceptualized it.But Rama on Thursday, March 7, refused to meet with Garcia to talk about the project, reiterating his desire to file charges against officials who called for the project’s halt.“Why will I have to sit down? They should know where they are. That’s a matter of territory,” Rama said on Friday, March 8, 2024.With the mayor's refusal, Archival said he is planning to submit another resolution, reiterating his earlier call for dialogue between the two local government units.He added that he is open to a suggestion where the City Council initiates a dialogue directly with the Provincial Board to reach a compromise on the project.Disputes should’ve been settled before implementation, says Imee"Ang ako siguro kay from the Vice Mayor itself and the Vice Governor. So, we will be having that resolution, and I will make that," Archival said.He said they acknowledge that the governor's argument is valid, as the bus station, which is part of the CBRT project located in front of the Cebu Capitol building, will potentially block the view of the “heritage” infrastructure built in 1936.He also suggested that both officials avoid throwing antics in the media, regarding the project, as this will result in more tension due to emotions involved."Instead of going to the media, doing some arguments, we are asking them to sit down and try to find ways nga pwede ba nato ni masabot. Kanang if kanang estasyonon naa duol sa Capitol kay kung pwede ba natu i-atras," Archival said."I have talked to Engineer (Norvin) Imbong (the project manager of the CBRT) and they have already raised these items to DOTr (Department of Transporation) og gina-aksyunan nana nila," he added.Archival added that there is a possibility of redesigning the bus stations, including shortening the height of its roof to adjust to the view of the Capitol building.In his opinion, halting the CBRT project will result in putting Cebu in a bad light for future benefactors and affect its credit rating from the perspective of the international financial institutions that approved loan packages for vital government programs and projects.On February 27, Garcia issued Memorandum 16-2024, ordering the Hunan Road and Bridge Construction Group Ltd., contractor of the CBRT Package 1, to cease construction of bus stations along Osmeña Blvd. in front of the Capitol building, citing lacking necessary authorization from the National Historical Commission of the Philippines (NHCP).A day after, during the Council’s regular session on February 28, Vice Mayor Raymond Alvin Garcia, who was the governor's nephew, urged the Office of the Building Official to issue a cease-and-desist order against the construction of the CBRT bus station through his privilege speech.Garcia: Osmeña Boulevard under Cebu Provincial Government Vice Mayor Garcia argued that the Capitol building has heritage protection following the declaration of a National Historical Landmark by the NHCP.Rama criticized his vice mayor for meeting with Governor Garcia and City officials to discuss CBRT matters, calling it a betrayal. He also expressed his disapproval during a meeting with the legislative body.Meanwhile, Osmeña cautioned the governor about the possibility of legal action if she continues to impede the CBRT construction.Tomas hits back at GwenThe CBRT project's groundbreaking ceremony was led by President Ferdinand Marcos Jr. on February 27, 2023, and was joined by the mayor, governor, Transportation Secretary Jaime Bautista, and House Speaker Martin Romualdez.The project has a funding allocation of P28.8 billion, funded by the World Bank, French Development Agency, and the Philippine Government. (EHP)

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THE Cebu City Government and the Cebu Provincial Government were urged to settle the Cebu Bus Rapid Transit (CBRT) disagreements, as it may result in inconvenience to majority of Cebuanos if it develops into a legal standoff.Cebu City Councilor Nestor Archival, during the Openline News Program on March 12, 2024, maintained his resolution passed during the recent regular session last Wednesday, March 6, for the Cebu City Government through Mayor Michael Rama and Cebu Provincial Government under Governor Gwendolyn Garcia to sit down and discuss a practical solution for ongoing CBRT project in the portion of the Osmeña Boulevard that was affected by the latter's cease-and-desist order.The Council's minority floor leader said that if two leaders do not compromise and bring the matter to court, the Cebuanos will be the ones to suffer."Kung mag-standoff ni, unya maabot ang ting-uwan, unya naay daghan lungag diha, there will be some accidents diha nga mahitabo. Kinsa man ang mabasol diha, diba ang duha gihapon ka institution?" Archival said.(If this develops into a standoff and the rainy season comes, flooding will be noted as there are many holes in the construction site. There will be some accidents. Who will be blamed for it? The two institutions, rights?)He said CBRT was designed to alleviate the commuting woes of the city's residents from Barangay Bulacao and Talamban and for them to enjoy an efficient and seamless public transportation, particularly those who cannot afford to have a private vehicle.Rama threatens lawsuit over CBRT oppositionArchival was a known ally of former mayor Tomas Osmeña, who has been considered the brains behind the CBRT project. He was also part of the team that conceptualized it.But Rama on Thursday, March 7, refused to meet with Garcia to talk about the project, reiterating his desire to file charges against officials who called for the project’s halt.“Why will I have to sit down? They should know where they are. That’s a matter of territory,” Rama said on Friday, March 8, 2024.With the mayor's refusal, Archival said he is planning to submit another resolution, reiterating his earlier call for dialogue between the two local government units.He added that he is open to a suggestion where the City Council initiates a dialogue directly with the Provincial Board to reach a compromise on the project.Disputes should’ve been settled before implementation, says Imee"Ang ako siguro kay from the Vice Mayor itself and the Vice Governor. So, we will be having that resolution, and I will make that," Archival said.He said they acknowledge that the governor's argument is valid, as the bus station, which is part of the CBRT project located in front of the Cebu Capitol building, will potentially block the view of the “heritage” infrastructure built in 1936.He also suggested that both officials avoid throwing antics in the media, regarding the project, as this will result in more tension due to emotions involved."Instead of going to the media, doing some arguments, we are asking them to sit down and try to find ways nga pwede ba nato ni masabot. Kanang if kanang estasyonon naa duol sa Capitol kay kung pwede ba natu i-atras," Archival said."I have talked to Engineer (Norvin) Imbong (the project manager of the CBRT) and they have already raised these items to DOTr (Department of Transporation) og gina-aksyunan nana nila," he added.Archival added that there is a possibility of redesigning the bus stations, including shortening the height of its roof to adjust to the view of the Capitol building.In his opinion, halting the CBRT project will result in putting Cebu in a bad light for future benefactors and affect its credit rating from the perspective of the international financial institutions that approved loan packages for vital government programs and projects.On February 27, Garcia issued Memorandum 16-2024, ordering the Hunan Road and Bridge Construction Group Ltd., contractor of the CBRT Package 1, to cease construction of bus stations along Osmeña Blvd. in front of the Capitol building, citing lacking necessary authorization from the National Historical Commission of the Philippines (NHCP).A day after, during the Council’s regular session on February 28, Vice Mayor Raymond Alvin Garcia, who was the governor's nephew, urged the Office of the Building Official to issue a cease-and-desist order against the construction of the CBRT bus station through his privilege speech.Garcia: Osmeña Boulevard under Cebu Provincial Government Vice Mayor Garcia argued that the Capitol building has heritage protection following the declaration of a National Historical Landmark by the NHCP.Rama criticized his vice mayor for meeting with Governor Garcia and City officials to discuss CBRT matters, calling it a betrayal. He also expressed his disapproval during a meeting with the legislative body.Meanwhile, Osmeña cautioned the governor about the possibility of legal action if she continues to impede the CBRT construction.Tomas hits back at GwenThe CBRT project's groundbreaking ceremony was led by President Ferdinand Marcos Jr. on February 27, 2023, and was joined by the mayor, governor, Transportation Secretary Jaime Bautista, and House Speaker Martin Romualdez.The project has a funding allocation of P28.8 billion, funded by the World Bank, French Development Agency, and the Philippine Government. (EHP) Pick a Bonus in Casino THE Philippine Economic Zone Authority (Peza) has approved a total of P14.951 billion worth of investments in the first quarter of 2024.At a media forum on Saturday, March 16, 2024, Peza Director General Tereso Panga said there was a 19.25 percent increase in the amount of approved investments for the first three months of the year compared to the same period in 2023, which amounted to P12.537 billion.In March alone, approved investments totaled P2.845 billion, marking a 21.8 percent increase compared to March 2023, which stood at P2.343 billionPanga also said that half of these investments resulted from the foreign trips of President Ferdinand Marcos Jr.He noted that the foreign trips of the President have attracted more investments, with the latest from Germany and the Czech Republic. He said that based on Peza’s running of figures, it could easily be at 43 percent of its P175.7 billion, or roughly P75 billion.Panga said the country achieved a 25 percent increase in investment rate or P175.7 billion in 2023, from a P140.7 billion base figure in 2022.Panga said all Peza’s current indicators are up for exports and employment, manifesting the Philippines’ upward trajectory for 2024, which is something that is expected for the year and onwards because of its excellent gross domestic product (GDP) performance since 2022.“The Philippines happens to have the highest GDP growth rate in ASEAN since ’22 po – for three years in a row now. That makes the Philippines one of the best-performing economies in the region,” he said.Panga also noted the country’s recovery from the Covid-19 pandemic, which accelerated during the second half of the Marcos administration, resulting in a 103 percent increase in investments.Peza, which was created in 1995, is the government agency designating areas all over the Philippines as economic zones.Peza has 422 operating economic zones covering manufacturing, agri-industrial, tourism, Information Technology and Business Process Management (IT-BPM), with all of the operating economic zones becoming home to more than 4,300 export-oriented locator companies.Peza is a big contributor to the economy -- almost 17 percent of the country’s GDP -- the Peza official said, noting more than 50 to 60 percent of the country’s total exports of goods and services come from the locators alone. (TPM/SunStar Philippines)

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THE Philippine Economic Zone Authority (Peza) has approved a total of P14.951 billion worth of investments in the first quarter of 2024.At a media forum on Saturday, March 16, 2024, Peza Director General Tereso Panga said there was a 19.25 percent increase in the amount of approved investments for the first three months of the year compared to the same period in 2023, which amounted to P12.537 billion.In March alone, approved investments totaled P2.845 billion, marking a 21.8 percent increase compared to March 2023, which stood at P2.343 billionPanga also said that half of these investments resulted from the foreign trips of President Ferdinand Marcos Jr.He noted that the foreign trips of the President have attracted more investments, with the latest from Germany and the Czech Republic. He said that based on Peza’s running of figures, it could easily be at 43 percent of its P175.7 billion, or roughly P75 billion.Panga said the country achieved a 25 percent increase in investment rate or P175.7 billion in 2023, from a P140.7 billion base figure in 2022.Panga said all Peza’s current indicators are up for exports and employment, manifesting the Philippines’ upward trajectory for 2024, which is something that is expected for the year and onwards because of its excellent gross domestic product (GDP) performance since 2022.“The Philippines happens to have the highest GDP growth rate in ASEAN since ’22 po – for three years in a row now. That makes the Philippines one of the best-performing economies in the region,” he said.Panga also noted the country’s recovery from the Covid-19 pandemic, which accelerated during the second half of the Marcos administration, resulting in a 103 percent increase in investments.Peza, which was created in 1995, is the government agency designating areas all over the Philippines as economic zones.Peza has 422 operating economic zones covering manufacturing, agri-industrial, tourism, Information Technology and Business Process Management (IT-BPM), with all of the operating economic zones becoming home to more than 4,300 export-oriented locator companies.Peza is a big contributor to the economy -- almost 17 percent of the country’s GDP -- the Peza official said, noting more than 50 to 60 percent of the country’s total exports of goods and services come from the locators alone. (TPM/SunStar Philippines) Pick a Bonus in Casino PRESIDENT Ferdinand Marcos Jr. will bring home $4 billion, or P220 billion worth of investment deals from his visit to Germany.On Tuesday, March 12, 2024, the Department of Trade and Industry held the Philippine-Germany business forum in Berlin where eight different types of agreements, three letters of intent (LOI) from different German companies, two memoranda of agreement (MOA), and three memoranda of understanding (MOU), covering various sectors, were signed.The LOIs were for the development of a partner hospital to become a training center to support the training needs of other lower tier hospitals, Innovation Think Tank (ITT) hub and “spoke model” to address the strategic target of an inclusive innovation ecosystem in the Philippines, and for the strategic and digital partnership in healthcare with the Department of Health (DOH) with the goal of revolutionizing healthcare in the Philippines, ensuring safety, quality, accessibility and affordability.Through a memorandum of agreement the Philippine government and a German company will embark into a Public Private Partnership to rehabilitate, reclaim, and recultivate degraded farm lands in the Philippines, while another MOA is aimed at expanding potential collaborations in mobility solutions, software services, manufacturing, factory automation, logistics services, energy, security, safety systems for buildings, consumer appliances, and healthcare.Marcos also witnessed the signing of MOU for the establishment of fully integrated solar cell manufacturing facility in the country, manufacturing facility that will modify automobiles into high-end 1 of 1 version and armor protected cars, as well as manufacture military grade armored personnel carriers for the Asian market and data centers that will host a digital insurance platform that will serve the Philippines and Asean region as the group’s main expansion outside of the European Union.In his speech, Marcos expressed gratitude to the German business leaders for participating in the event.He touted the Philippines as the “best choice for investments,” as he reiterated his administration’s commitment to ensure efficient support to foreign investors through purposeful reforms of key legislative amendments.“Together with you as our strategic partner, we can make these investments happen in the Philippines. I invite esteemed German business leaders to continue to keep in mind the Philippines as a reliable partner that can support your market expansion and your operations,” he said.“We prioritize the ease of doing business, exemplified by efforts to simplify tax payments and to streamline regulations, showcasing our unwavering support for businesses,” he added.Marcos noted the amendments to the Public Service Act (PSA), Foreign Investments Act (FIA), Retail Trade Liberalization Act (RTLA), and Renewable Energy (RE) Act, which “mark a new era for strategic investments.”He added the streamlined business registration, infrastructure development and the Comprehensive Tax Reform Program (Create Act), which made the Philippines one of the fastest-growing economies in Asia.The President also highlighted other government efforts such as the overhaul of fiscal incentive structures and responsive policies and the public-private partnership (PPPs), which all play pivotal roles in promoting private sector participation.Marcos also cited the establishment of the Maharlika Investment Fund, “which underscores the government’s dedication to financing priority projects and driving socioeconomic impact.”The chief executive also said that the Philippines is turning to Germany to further foster strong business partnerships and collaboration particularly in renewable energy being European Union’s biggest economy both in Gross Domestic Products and population and a global force in technology and innovation.He said he is always elated by the interest of German companies to support the country’s commitment to sustainability and climate resiliency.“To further support these investments, we have put in place several energy transition policies including investment enablers designed to incentivize energy efficiency,” said Marcos.“We are also working on developing programs that will support and facilitate the efforts to decarbonize our economy. I have high hopes that we can welcome the opportunity for greater cooperation on climate change and energy transition,” he added.He noted that the Philippines is positioning itself as a regional hub for smart and sustainable manufacturing by attracting sustainability-driven strategic investments powered by renewable energy.Marcos said the country recognizes that there are complementarities to be explored in critical minerals, and it is open to having a dedicated dialogue with German companies on the sustainable processing of green metals to be supported by strong adherence to high labor and environmental standards.With the recent global challenges, the President underscored the dangers of limited sourcing, or concentrating supplies in a single country, as he urged for the urgent need to diversify production locations and explore alternative materials to de-risk and minimize disruptions in supply chains.“Moreover, the transition to a low-carbon or net-zero scenario has further propelled the de-risking trend,” Marcos said.“The Philippines and Germany both have aspirations for de-risked and diversified production and market value chains, which future-proofs our economies from the geo-political vagaries of our times,” he added.Marcos also expressed gratitude to the Filipino community in Berlin for their unwavering support as they contributed to the government’s efforts to secure foreign investments through their invaluable work.“You are the envoys, para kayong mga ambassador lahat ng ating kultura. You exemplify the values of family, faith, honesty, hard work, compassion, and solidarity wherever you go,” Marcos told the Filipino community gathering.“Your presence in host countries fosters, hindi lamang dito sa Germany kundi lahat ng ating mga kababayan na nagtatrabaho sa iba’t-ibang bansa at -- the host countries foster goodwill and understanding. It strengthens the bonds between our two nations. It enriches the global community,” he added.Marcos vowed that his administration will continue to work hard and match their contributions by reforms and programs under the “Bagong Pilipinas” agenda.Marcos was the first Philippine president to address German business leaders in 10 years, coinciding with the 70th anniversary of the Philippine-Germany diplomatic relations. (TPM/SunStar Philippines)

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PRESIDENT Ferdinand Marcos Jr. will bring home $4 billion, or P220 billion worth of investment deals from his visit to Germany.On Tuesday, March 12, 2024, the Department of Trade and Industry held the Philippine-Germany business forum in Berlin where eight different types of agreements, three letters of intent (LOI) from different German companies, two memoranda of agreement (MOA), and three memoranda of understanding (MOU), covering various sectors, were signed.The LOIs were for the development of a partner hospital to become a training center to support the training needs of other lower tier hospitals, Innovation Think Tank (ITT) hub and “spoke model” to address the strategic target of an inclusive innovation ecosystem in the Philippines, and for the strategic and digital partnership in healthcare with the Department of Health (DOH) with the goal of revolutionizing healthcare in the Philippines, ensuring safety, quality, accessibility and affordability.Through a memorandum of agreement the Philippine government and a German company will embark into a Public Private Partnership to rehabilitate, reclaim, and recultivate degraded farm lands in the Philippines, while another MOA is aimed at expanding potential collaborations in mobility solutions, software services, manufacturing, factory automation, logistics services, energy, security, safety systems for buildings, consumer appliances, and healthcare.Marcos also witnessed the signing of MOU for the establishment of fully integrated solar cell manufacturing facility in the country, manufacturing facility that will modify automobiles into high-end 1 of 1 version and armor protected cars, as well as manufacture military grade armored personnel carriers for the Asian market and data centers that will host a digital insurance platform that will serve the Philippines and Asean region as the group’s main expansion outside of the European Union.In his speech, Marcos expressed gratitude to the German business leaders for participating in the event.He touted the Philippines as the “best choice for investments,” as he reiterated his administration’s commitment to ensure efficient support to foreign investors through purposeful reforms of key legislative amendments.“Together with you as our strategic partner, we can make these investments happen in the Philippines. I invite esteemed German business leaders to continue to keep in mind the Philippines as a reliable partner that can support your market expansion and your operations,” he said.“We prioritize the ease of doing business, exemplified by efforts to simplify tax payments and to streamline regulations, showcasing our unwavering support for businesses,” he added.Marcos noted the amendments to the Public Service Act (PSA), Foreign Investments Act (FIA), Retail Trade Liberalization Act (RTLA), and Renewable Energy (RE) Act, which “mark a new era for strategic investments.”He added the streamlined business registration, infrastructure development and the Comprehensive Tax Reform Program (Create Act), which made the Philippines one of the fastest-growing economies in Asia.The President also highlighted other government efforts such as the overhaul of fiscal incentive structures and responsive policies and the public-private partnership (PPPs), which all play pivotal roles in promoting private sector participation.Marcos also cited the establishment of the Maharlika Investment Fund, “which underscores the government’s dedication to financing priority projects and driving socioeconomic impact.”The chief executive also said that the Philippines is turning to Germany to further foster strong business partnerships and collaboration particularly in renewable energy being European Union’s biggest economy both in Gross Domestic Products and population and a global force in technology and innovation.He said he is always elated by the interest of German companies to support the country’s commitment to sustainability and climate resiliency.“To further support these investments, we have put in place several energy transition policies including investment enablers designed to incentivize energy efficiency,” said Marcos.“We are also working on developing programs that will support and facilitate the efforts to decarbonize our economy. I have high hopes that we can welcome the opportunity for greater cooperation on climate change and energy transition,” he added.He noted that the Philippines is positioning itself as a regional hub for smart and sustainable manufacturing by attracting sustainability-driven strategic investments powered by renewable energy.Marcos said the country recognizes that there are complementarities to be explored in critical minerals, and it is open to having a dedicated dialogue with German companies on the sustainable processing of green metals to be supported by strong adherence to high labor and environmental standards.With the recent global challenges, the President underscored the dangers of limited sourcing, or concentrating supplies in a single country, as he urged for the urgent need to diversify production locations and explore alternative materials to de-risk and minimize disruptions in supply chains.“Moreover, the transition to a low-carbon or net-zero scenario has further propelled the de-risking trend,” Marcos said.“The Philippines and Germany both have aspirations for de-risked and diversified production and market value chains, which future-proofs our economies from the geo-political vagaries of our times,” he added.Marcos also expressed gratitude to the Filipino community in Berlin for their unwavering support as they contributed to the government’s efforts to secure foreign investments through their invaluable work.“You are the envoys, para kayong mga ambassador lahat ng ating kultura. You exemplify the values of family, faith, honesty, hard work, compassion, and solidarity wherever you go,” Marcos told the Filipino community gathering.“Your presence in host countries fosters, hindi lamang dito sa Germany kundi lahat ng ating mga kababayan na nagtatrabaho sa iba’t-ibang bansa at -- the host countries foster goodwill and understanding. It strengthens the bonds between our two nations. It enriches the global community,” he added.Marcos vowed that his administration will continue to work hard and match their contributions by reforms and programs under the “Bagong Pilipinas” agenda.Marcos was the first Philippine president to address German business leaders in 10 years, coinciding with the 70th anniversary of the Philippine-Germany diplomatic relations. (TPM/SunStar Philippines), check the following table to see what categories most online casinos in the Philippines fit in.

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THE Cebu City Government and the Cebu Provincial Government were urged to settle the Cebu Bus Rapid Transit (CBRT) disagreements, as it may result in inconvenience to majority of Cebuanos if it develops into a legal standoff.Cebu City Councilor Nestor Archival, during the Openline News Program on March 12, 2024, maintained his resolution passed during the recent regular session last Wednesday, March 6, for the Cebu City Government through Mayor Michael Rama and Cebu Provincial Government under Governor Gwendolyn Garcia to sit down and discuss a practical solution for ongoing CBRT project in the portion of the Osmeña Boulevard that was affected by the latter's cease-and-desist order.The Council's minority floor leader said that if two leaders do not compromise and bring the matter to court, the Cebuanos will be the ones to suffer."Kung mag-standoff ni, unya maabot ang ting-uwan, unya naay daghan lungag diha, there will be some accidents diha nga mahitabo. Kinsa man ang mabasol diha, diba ang duha gihapon ka institution?" Archival said.(If this develops into a standoff and the rainy season comes, flooding will be noted as there are many holes in the construction site. There will be some accidents. Who will be blamed for it? The two institutions, rights?)He said CBRT was designed to alleviate the commuting woes of the city's residents from Barangay Bulacao and Talamban and for them to enjoy an efficient and seamless public transportation, particularly those who cannot afford to have a private vehicle.Rama threatens lawsuit over CBRT oppositionArchival was a known ally of former mayor Tomas Osmeña, who has been considered the brains behind the CBRT project. He was also part of the team that conceptualized it.But Rama on Thursday, March 7, refused to meet with Garcia to talk about the project, reiterating his desire to file charges against officials who called for the project’s halt.“Why will I have to sit down? They should know where they are. That’s a matter of territory,” Rama said on Friday, March 8, 2024.With the mayor's refusal, Archival said he is planning to submit another resolution, reiterating his earlier call for dialogue between the two local government units.He added that he is open to a suggestion where the City Council initiates a dialogue directly with the Provincial Board to reach a compromise on the project.Disputes should’ve been settled before implementation, says Imee"Ang ako siguro kay from the Vice Mayor itself and the Vice Governor. So, we will be having that resolution, and I will make that," Archival said.He said they acknowledge that the governor's argument is valid, as the bus station, which is part of the CBRT project located in front of the Cebu Capitol building, will potentially block the view of the “heritage” infrastructure built in 1936.He also suggested that both officials avoid throwing antics in the media, regarding the project, as this will result in more tension due to emotions involved."Instead of going to the media, doing some arguments, we are asking them to sit down and try to find ways nga pwede ba nato ni masabot. Kanang if kanang estasyonon naa duol sa Capitol kay kung pwede ba natu i-atras," Archival said."I have talked to Engineer (Norvin) Imbong (the project manager of the CBRT) and they have already raised these items to DOTr (Department of Transporation) og gina-aksyunan nana nila," he added.Archival added that there is a possibility of redesigning the bus stations, including shortening the height of its roof to adjust to the view of the Capitol building.In his opinion, halting the CBRT project will result in putting Cebu in a bad light for future benefactors and affect its credit rating from the perspective of the international financial institutions that approved loan packages for vital government programs and projects.On February 27, Garcia issued Memorandum 16-2024, ordering the Hunan Road and Bridge Construction Group Ltd., contractor of the CBRT Package 1, to cease construction of bus stations along Osmeña Blvd. in front of the Capitol building, citing lacking necessary authorization from the National Historical Commission of the Philippines (NHCP).A day after, during the Council’s regular session on February 28, Vice Mayor Raymond Alvin Garcia, who was the governor's nephew, urged the Office of the Building Official to issue a cease-and-desist order against the construction of the CBRT bus station through his privilege speech.Garcia: Osmeña Boulevard under Cebu Provincial Government Vice Mayor Garcia argued that the Capitol building has heritage protection following the declaration of a National Historical Landmark by the NHCP.Rama criticized his vice mayor for meeting with Governor Garcia and City officials to discuss CBRT matters, calling it a betrayal. He also expressed his disapproval during a meeting with the legislative body.Meanwhile, Osmeña cautioned the governor about the possibility of legal action if she continues to impede the CBRT construction.Tomas hits back at GwenThe CBRT project's groundbreaking ceremony was led by President Ferdinand Marcos Jr. on February 27, 2023, and was joined by the mayor, governor, Transportation Secretary Jaime Bautista, and House Speaker Martin Romualdez.The project has a funding allocation of P28.8 billion, funded by the World Bank, French Development Agency, and the Philippine Government. (EHP) Philippines sports and recreation . here is how to register at an online casino site in the Philippines:

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PRESIDENT Ferdinand Marcos Jr. will bring home $4 billion, or P220 billion worth of investment deals from his visit to Germany.On Tuesday, March 12, 2024, the Department of Trade and Industry held the Philippine-Germany business forum in Berlin where eight different types of agreements, three letters of intent (LOI) from different German companies, two memoranda of agreement (MOA), and three memoranda of understanding (MOU), covering various sectors, were signed.The LOIs were for the development of a partner hospital to become a training center to support the training needs of other lower tier hospitals, Innovation Think Tank (ITT) hub and “spoke model” to address the strategic target of an inclusive innovation ecosystem in the Philippines, and for the strategic and digital partnership in healthcare with the Department of Health (DOH) with the goal of revolutionizing healthcare in the Philippines, ensuring safety, quality, accessibility and affordability.Through a memorandum of agreement the Philippine government and a German company will embark into a Public Private Partnership to rehabilitate, reclaim, and recultivate degraded farm lands in the Philippines, while another MOA is aimed at expanding potential collaborations in mobility solutions, software services, manufacturing, factory automation, logistics services, energy, security, safety systems for buildings, consumer appliances, and healthcare.Marcos also witnessed the signing of MOU for the establishment of fully integrated solar cell manufacturing facility in the country, manufacturing facility that will modify automobiles into high-end 1 of 1 version and armor protected cars, as well as manufacture military grade armored personnel carriers for the Asian market and data centers that will host a digital insurance platform that will serve the Philippines and Asean region as the group’s main expansion outside of the European Union.In his speech, Marcos expressed gratitude to the German business leaders for participating in the event.He touted the Philippines as the “best choice for investments,” as he reiterated his administration’s commitment to ensure efficient support to foreign investors through purposeful reforms of key legislative amendments.“Together with you as our strategic partner, we can make these investments happen in the Philippines. I invite esteemed German business leaders to continue to keep in mind the Philippines as a reliable partner that can support your market expansion and your operations,” he said.“We prioritize the ease of doing business, exemplified by efforts to simplify tax payments and to streamline regulations, showcasing our unwavering support for businesses,” he added.Marcos noted the amendments to the Public Service Act (PSA), Foreign Investments Act (FIA), Retail Trade Liberalization Act (RTLA), and Renewable Energy (RE) Act, which “mark a new era for strategic investments.”He added the streamlined business registration, infrastructure development and the Comprehensive Tax Reform Program (Create Act), which made the Philippines one of the fastest-growing economies in Asia.The President also highlighted other government efforts such as the overhaul of fiscal incentive structures and responsive policies and the public-private partnership (PPPs), which all play pivotal roles in promoting private sector participation.Marcos also cited the establishment of the Maharlika Investment Fund, “which underscores the government’s dedication to financing priority projects and driving socioeconomic impact.”The chief executive also said that the Philippines is turning to Germany to further foster strong business partnerships and collaboration particularly in renewable energy being European Union’s biggest economy both in Gross Domestic Products and population and a global force in technology and innovation.He said he is always elated by the interest of German companies to support the country’s commitment to sustainability and climate resiliency.“To further support these investments, we have put in place several energy transition policies including investment enablers designed to incentivize energy efficiency,” said Marcos.“We are also working on developing programs that will support and facilitate the efforts to decarbonize our economy. I have high hopes that we can welcome the opportunity for greater cooperation on climate change and energy transition,” he added.He noted that the Philippines is positioning itself as a regional hub for smart and sustainable manufacturing by attracting sustainability-driven strategic investments powered by renewable energy.Marcos said the country recognizes that there are complementarities to be explored in critical minerals, and it is open to having a dedicated dialogue with German companies on the sustainable processing of green metals to be supported by strong adherence to high labor and environmental standards.With the recent global challenges, the President underscored the dangers of limited sourcing, or concentrating supplies in a single country, as he urged for the urgent need to diversify production locations and explore alternative materials to de-risk and minimize disruptions in supply chains.“Moreover, the transition to a low-carbon or net-zero scenario has further propelled the de-risking trend,” Marcos said.“The Philippines and Germany both have aspirations for de-risked and diversified production and market value chains, which future-proofs our economies from the geo-political vagaries of our times,” he added.Marcos also expressed gratitude to the Filipino community in Berlin for their unwavering support as they contributed to the government’s efforts to secure foreign investments through their invaluable work.“You are the envoys, para kayong mga ambassador lahat ng ating kultura. You exemplify the values of family, faith, honesty, hard work, compassion, and solidarity wherever you go,” Marcos told the Filipino community gathering.“Your presence in host countries fosters, hindi lamang dito sa Germany kundi lahat ng ating mga kababayan na nagtatrabaho sa iba’t-ibang bansa at -- the host countries foster goodwill and understanding. It strengthens the bonds between our two nations. It enriches the global community,” he added.Marcos vowed that his administration will continue to work hard and match their contributions by reforms and programs under the “Bagong Pilipinas” agenda.Marcos was the first Philippine president to address German business leaders in 10 years, coinciding with the 70th anniversary of the Philippine-Germany diplomatic relations. (TPM/SunStar Philippines) Pick a Bonus in Casino . 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THE Cebu City Government and the Cebu Provincial Government were urged to settle the Cebu Bus Rapid Transit (CBRT) disagreements, as it may result in inconvenience to majority of Cebuanos if it develops into a legal standoff.Cebu City Councilor Nestor Archival, during the Openline News Program on March 12, 2024, maintained his resolution passed during the recent regular session last Wednesday, March 6, for the Cebu City Government through Mayor Michael Rama and Cebu Provincial Government under Governor Gwendolyn Garcia to sit down and discuss a practical solution for ongoing CBRT project in the portion of the Osmeña Boulevard that was affected by the latter's cease-and-desist order.The Council's minority floor leader said that if two leaders do not compromise and bring the matter to court, the Cebuanos will be the ones to suffer."Kung mag-standoff ni, unya maabot ang ting-uwan, unya naay daghan lungag diha, there will be some accidents diha nga mahitabo. Kinsa man ang mabasol diha, diba ang duha gihapon ka institution?" Archival said.(If this develops into a standoff and the rainy season comes, flooding will be noted as there are many holes in the construction site. There will be some accidents. Who will be blamed for it? The two institutions, rights?)He said CBRT was designed to alleviate the commuting woes of the city's residents from Barangay Bulacao and Talamban and for them to enjoy an efficient and seamless public transportation, particularly those who cannot afford to have a private vehicle.Rama threatens lawsuit over CBRT oppositionArchival was a known ally of former mayor Tomas Osmeña, who has been considered the brains behind the CBRT project. He was also part of the team that conceptualized it.But Rama on Thursday, March 7, refused to meet with Garcia to talk about the project, reiterating his desire to file charges against officials who called for the project’s halt.“Why will I have to sit down? They should know where they are. That’s a matter of territory,” Rama said on Friday, March 8, 2024.With the mayor's refusal, Archival said he is planning to submit another resolution, reiterating his earlier call for dialogue between the two local government units.He added that he is open to a suggestion where the City Council initiates a dialogue directly with the Provincial Board to reach a compromise on the project.Disputes should’ve been settled before implementation, says Imee"Ang ako siguro kay from the Vice Mayor itself and the Vice Governor. So, we will be having that resolution, and I will make that," Archival said.He said they acknowledge that the governor's argument is valid, as the bus station, which is part of the CBRT project located in front of the Cebu Capitol building, will potentially block the view of the “heritage” infrastructure built in 1936.He also suggested that both officials avoid throwing antics in the media, regarding the project, as this will result in more tension due to emotions involved."Instead of going to the media, doing some arguments, we are asking them to sit down and try to find ways nga pwede ba nato ni masabot. Kanang if kanang estasyonon naa duol sa Capitol kay kung pwede ba natu i-atras," Archival said."I have talked to Engineer (Norvin) Imbong (the project manager of the CBRT) and they have already raised these items to DOTr (Department of Transporation) og gina-aksyunan nana nila," he added.Archival added that there is a possibility of redesigning the bus stations, including shortening the height of its roof to adjust to the view of the Capitol building.In his opinion, halting the CBRT project will result in putting Cebu in a bad light for future benefactors and affect its credit rating from the perspective of the international financial institutions that approved loan packages for vital government programs and projects.On February 27, Garcia issued Memorandum 16-2024, ordering the Hunan Road and Bridge Construction Group Ltd., contractor of the CBRT Package 1, to cease construction of bus stations along Osmeña Blvd. in front of the Capitol building, citing lacking necessary authorization from the National Historical Commission of the Philippines (NHCP).A day after, during the Council’s regular session on February 28, Vice Mayor Raymond Alvin Garcia, who was the governor's nephew, urged the Office of the Building Official to issue a cease-and-desist order against the construction of the CBRT bus station through his privilege speech.Garcia: Osmeña Boulevard under Cebu Provincial Government Vice Mayor Garcia argued that the Capitol building has heritage protection following the declaration of a National Historical Landmark by the NHCP.Rama criticized his vice mayor for meeting with Governor Garcia and City officials to discuss CBRT matters, calling it a betrayal. He also expressed his disapproval during a meeting with the legislative body.Meanwhile, Osmeña cautioned the governor about the possibility of legal action if she continues to impede the CBRT construction.Tomas hits back at GwenThe CBRT project's groundbreaking ceremony was led by President Ferdinand Marcos Jr. on February 27, 2023, and was joined by the mayor, governor, Transportation Secretary Jaime Bautista, and House Speaker Martin Romualdez.The project has a funding allocation of P28.8 billion, funded by the World Bank, French Development Agency, and the Philippine Government. (EHP) licensed online casinos THE Philippine Economic Zone Authority (Peza) has approved a total of P14.951 billion worth of investments in the first quarter of 2024.At a media forum on Saturday, March 16, 2024, Peza Director General Tereso Panga said there was a 19.25 percent increase in the amount of approved investments for the first three months of the year compared to the same period in 2023, which amounted to P12.537 billion.In March alone, approved investments totaled P2.845 billion, marking a 21.8 percent increase compared to March 2023, which stood at P2.343 billionPanga also said that half of these investments resulted from the foreign trips of President Ferdinand Marcos Jr.He noted that the foreign trips of the President have attracted more investments, with the latest from Germany and the Czech Republic. He said that based on Peza’s running of figures, it could easily be at 43 percent of its P175.7 billion, or roughly P75 billion.Panga said the country achieved a 25 percent increase in investment rate or P175.7 billion in 2023, from a P140.7 billion base figure in 2022.Panga said all Peza’s current indicators are up for exports and employment, manifesting the Philippines’ upward trajectory for 2024, which is something that is expected for the year and onwards because of its excellent gross domestic product (GDP) performance since 2022.“The Philippines happens to have the highest GDP growth rate in ASEAN since ’22 po – for three years in a row now. That makes the Philippines one of the best-performing economies in the region,” he said.Panga also noted the country’s recovery from the Covid-19 pandemic, which accelerated during the second half of the Marcos administration, resulting in a 103 percent increase in investments.Peza, which was created in 1995, is the government agency designating areas all over the Philippines as economic zones.Peza has 422 operating economic zones covering manufacturing, agri-industrial, tourism, Information Technology and Business Process Management (IT-BPM), with all of the operating economic zones becoming home to more than 4,300 export-oriented locator companies.Peza is a big contributor to the economy -- almost 17 percent of the country’s GDP -- the Peza official said, noting more than 50 to 60 percent of the country’s total exports of goods and services come from the locators alone. (TPM/SunStar Philippines)

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THE Cebu City Government and the Cebu Provincial Government were urged to settle the Cebu Bus Rapid Transit (CBRT) disagreements, as it may result in inconvenience to majority of Cebuanos if it develops into a legal standoff.Cebu City Councilor Nestor Archival, during the Openline News Program on March 12, 2024, maintained his resolution passed during the recent regular session last Wednesday, March 6, for the Cebu City Government through Mayor Michael Rama and Cebu Provincial Government under Governor Gwendolyn Garcia to sit down and discuss a practical solution for ongoing CBRT project in the portion of the Osmeña Boulevard that was affected by the latter's cease-and-desist order.The Council's minority floor leader said that if two leaders do not compromise and bring the matter to court, the Cebuanos will be the ones to suffer."Kung mag-standoff ni, unya maabot ang ting-uwan, unya naay daghan lungag diha, there will be some accidents diha nga mahitabo. Kinsa man ang mabasol diha, diba ang duha gihapon ka institution?" Archival said.(If this develops into a standoff and the rainy season comes, flooding will be noted as there are many holes in the construction site. There will be some accidents. Who will be blamed for it? The two institutions, rights?)He said CBRT was designed to alleviate the commuting woes of the city's residents from Barangay Bulacao and Talamban and for them to enjoy an efficient and seamless public transportation, particularly those who cannot afford to have a private vehicle.Rama threatens lawsuit over CBRT oppositionArchival was a known ally of former mayor Tomas Osmeña, who has been considered the brains behind the CBRT project. He was also part of the team that conceptualized it.But Rama on Thursday, March 7, refused to meet with Garcia to talk about the project, reiterating his desire to file charges against officials who called for the project’s halt.“Why will I have to sit down? They should know where they are. That’s a matter of territory,” Rama said on Friday, March 8, 2024.With the mayor's refusal, Archival said he is planning to submit another resolution, reiterating his earlier call for dialogue between the two local government units.He added that he is open to a suggestion where the City Council initiates a dialogue directly with the Provincial Board to reach a compromise on the project.Disputes should’ve been settled before implementation, says Imee"Ang ako siguro kay from the Vice Mayor itself and the Vice Governor. So, we will be having that resolution, and I will make that," Archival said.He said they acknowledge that the governor's argument is valid, as the bus station, which is part of the CBRT project located in front of the Cebu Capitol building, will potentially block the view of the “heritage” infrastructure built in 1936.He also suggested that both officials avoid throwing antics in the media, regarding the project, as this will result in more tension due to emotions involved."Instead of going to the media, doing some arguments, we are asking them to sit down and try to find ways nga pwede ba nato ni masabot. Kanang if kanang estasyonon naa duol sa Capitol kay kung pwede ba natu i-atras," Archival said."I have talked to Engineer (Norvin) Imbong (the project manager of the CBRT) and they have already raised these items to DOTr (Department of Transporation) og gina-aksyunan nana nila," he added.Archival added that there is a possibility of redesigning the bus stations, including shortening the height of its roof to adjust to the view of the Capitol building.In his opinion, halting the CBRT project will result in putting Cebu in a bad light for future benefactors and affect its credit rating from the perspective of the international financial institutions that approved loan packages for vital government programs and projects.On February 27, Garcia issued Memorandum 16-2024, ordering the Hunan Road and Bridge Construction Group Ltd., contractor of the CBRT Package 1, to cease construction of bus stations along Osmeña Blvd. in front of the Capitol building, citing lacking necessary authorization from the National Historical Commission of the Philippines (NHCP).A day after, during the Council’s regular session on February 28, Vice Mayor Raymond Alvin Garcia, who was the governor's nephew, urged the Office of the Building Official to issue a cease-and-desist order against the construction of the CBRT bus station through his privilege speech.Garcia: Osmeña Boulevard under Cebu Provincial Government Vice Mayor Garcia argued that the Capitol building has heritage protection following the declaration of a National Historical Landmark by the NHCP.Rama criticized his vice mayor for meeting with Governor Garcia and City officials to discuss CBRT matters, calling it a betrayal. He also expressed his disapproval during a meeting with the legislative body.Meanwhile, Osmeña cautioned the governor about the possibility of legal action if she continues to impede the CBRT construction.Tomas hits back at GwenThe CBRT project's groundbreaking ceremony was led by President Ferdinand Marcos Jr. on February 27, 2023, and was joined by the mayor, governor, Transportation Secretary Jaime Bautista, and House Speaker Martin Romualdez.The project has a funding allocation of P28.8 billion, funded by the World Bank, French Development Agency, and the Philippine Government. (EHP) Philippines sports and recreation

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