January 19, 2018: *** The local economy of Tagbilaran City was infused with almost P5-B in 2017. New business went up from 602 to 1,017 which amounts to an almost P1.2-B worth of capitalization or a 160% increase from last year, while business renewals also went up from 4231 to 4693 which posted gross receipts amounting to almost P3.4-B or a 21% from 2016. ***Gov. Edgar Chatto turns over today the P1.9-M first tranche of the P9.8-M assistance to the Bohol Dairy Producers Association for the Bohol Dairy Milk Processing and Marketing Enterprise as Bohol is poised to be the Dairy Capital of the country.

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Thursday, April 25, 2013

THE Philippines is confident the Association of Southeast Asian Nations (ASEAN) is on track towards achieving its goal to become One Economic Community by 2015 despite the numerous challenges still facing the regional bloc. 

In a press briefing here, Trade Secretary Gregory Domingo said these challenges include the ASEAN Framework Agreement on Services (AFAS) which aims to enhance cooperation in services among member States in order to improve the efficiency and competitiveness, diversify production capacity and supply and distribution of services of their service suppliers within and outside ASEAN; eliminating non-tariff barriers; and enhancing customs procedures through the ASEAN Single Window. 

“We’re currently between 73 to 76 percent in terms of the ASEAN accomplishments. We’re on the 9th package so the first eight packages had been completed. But there’s still a lot of work because the easier parts have been done. So now we get into the more difficult portions,” Domingo noted. 

The ASEAN Economic Community (AEC) aims to achieve regional economic integration by 2015. AEC envisages the following key characteristics: (a) a single market and production base, (b) a highly competitive economic region, (c) a region of equitable economic development, and (d) a region fully integrated into the global economy. 

The AEC areas of cooperation include human resources development and capacity building; recognition of professional qualifications; closer consultation on macroeconomic and financial policies; trade financing measures; enhanced infrastructure and communications connectivity; development of electronic transactions through e-ASEAN; integrating industries across the region to promote regional sourcing; and enhancing private sector involvement for the building of the AEC. 
In short, the AEC will transform ASEAN into a region with free movement of goods, services, investment, skilled labor, and freer flow of capital. (PND)

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