Manila (Philippine Daily Inquirer/ANN) – The Philippine property scene may experience the inflow of as much as US$500 million in fresh foreign capital within one year if the real estate investment trust (REIT) system is implemented in the local financial market. Simon Treacy, group CEO of property investment fund MGPA, said that based on his [...]
Japan eyes maritime aid for Philippine defense
Manila (Philippine Daily Inquirer/ANN) – Japan is planning to provide maritime vessels, including 1,000-tonne patrol ships, to the Philippines to “support the island country in its territorial dispute against China,” a Japanese newspaper reported in March, weeks before tensions erupted over the Panatag (Scarborough) Shoal. The Philippine Navy said it welcomed any form of assistance [...]
Lady Gaga warned to tone down Philippine show
Lady Gaga was warned Friday to refrain from nudity, lewd conduct and blasphemy when her Asian tour reaches the Philippines next week, after her controversial act was banned by neighbouring Indonesia. Antonino Calixto, mayor of Manila’s Pasay district where the American pop phenomenon is due to perform on May 21 and 22, said inspectors will [...]
Philippine dairy trade seeks help to reduce imports
Philippine Daily Inquirer BAGUIO CITY—The country’s dairy industry needs a law banning the use of the label “fresh” on imported milk products packaged using processed ingredients. Danilo Fausto, chairman of Dairy Confederation of the Philippines (Dairycon), said these proposed measures, which have been sponsored in Congress, would provide local milk producers some advantage as they [...]