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Philippine Daily Inquirer ,   "Learn from last year " Many experts agree: After suffering one of the most challenging years in recent memory, the Philippine economy is poised for a comeback this year. And this early into 2019, there are already several encouraging signs that give credence to this belief. For one, the local currency, a key barometer of foreign and local investors’ confidence in the local economy, has appreciated significantly since it hit multiyear lows last year. The equity market has also been on an upward trajectory in recent weeks, with the Philippine Stock Exchange Index no longer flirting with bear market levels as loss-weary investors had grown accustomed to just a few months ago, but with bull market territory that indicates the return of confidence in the country’s economic prospects. Then there is that issue of inflation — the main killer of confidence last year, which forced many consumers and business conglomerates to tighten their purse stri...

Philippine Daily Inquirer's   "Unfair Protection " Local cement manufacturers appear to have succeeded in presenting a convincing storyline to the Department of Trade and Industry about the alleged destructive impact of imports on their profitability. Last week, the DTI announced the imposition of a provisional safeguard duty on imported cement starting next month, claiming it needed to protect local manufacturers who were at a disadvantage because of cheap imports. “With the elements of surge and injury clearly established, DTI is mandated to impose a safeguard duty. DTI is thus imposing a provisional safeguard duty of P8.40 per [200-kilo] bag, equivalent to about 4 percent,” Trade Secretary Ramon M. Lopez told reporters covering him. That’s an additional tax of 4 percent on imported cement.   [link] Mindanao Daily  "Will Moreno join the ‘Roa family’ reunion? " President Rodrigo Roa Duterte is expected to attend the annual “Roa Family Reunio...