33 6% of Phl firms embrace innovation - Daily Tribune tribune.net.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.net.ph Daily Mail and Mail on Sunday newspapers.
(PNA file photo) MANILA - The National Economic and Development Authority (NEDA) and the Department of Trade and Industry (DTI) are making their final push for the Senate to concur on the Regional Comprehensive Economic Partnership (RCEP) during this administration. This, as the agencies once again briefed senators on Monday on the positive gains for the country in joining the RCEP. The Senate's concurrence is the last step before the country can deposit its instrument of ratification. Both NEDA and DTI reiterated that lawmakers should look at the overall impact on the economy with the country's participation in RCEP, and not only on the concerns of a particular sector. Concerns raised by some groups in the agriculture sector in the Senate are seen to be slowing down the upper house's concurrence on the regional free trade agreement (FTA), as they fear that the trade deal will flood the country with cheaper imported commodities. The two agencies, especially DTI, have been a
Project for Human Resource Development Scholarship by Japanese Grant Aid (JDS) Philippines launches the book, Contemporary Development Issues in the Philippines
The Philippines’ participation in the mega free trade deal Regional Comprehensive Economic Partnership (RCEP) would result in a 2.02% increase in its real gross domestic product (GDP), the Philippine Institute for Development Studies (PIDS) said Tuesday.
(File photo) MANILA - The Philippines could miss a 2-percent growth in the real gross domestic product (GDP) if the country fails to ratify the Regional Comprehensive Economic Partnership (RCEP), a research fellow from Philippine Institute for Development Studies (PIDS) said. PIDS research fellow Francis Mark Quimba said during his presentation to the Senate Committee on Foreign Relations on Friday that Vietnam and the Philippines are the top gainers of RCEP in terms of change in real GDP, while China and Singapore are the least. Quimba said the growth will be driven by the reduction in trade costs due to tariff elimination and reduction under the free trade agreement (FTA) and increasing factory gate prices which translate to higher revenue and higher income for producers. "Aside from missing out on the 2 percent growth in GDP, we will experience 0.26 percent decline if other countries will proceed and we'll be left behind," he added. The PIDS fellow research added that