San Miguel Holdings, the infrastructure arm of San Miguel Corporation, said the installation of additional speed radars is part of its continuing campaign to ensure road safety. The new radar speed detectors are being installed along road networks operated by San Miguel, which includes the South Luzon Expressway (SLEX), Skyway, Star Tollways and Tarlac-Pangasinan-La Union Expressway (TPLEX).
Registered foreign investments in 2014 plunged 69.42 percent to P36.888 billion from P120.646 billion in 2013 with Netherlands topping as the Philippines number one source of foreign investments while Indonesia shoot up as second biggest while investment from tax haven British Virgin Islands declined significantly, data from the Board of Investments showed. The share of foreign investments to total 2014 approved BOI investment pledges of P354.5 billion also declined to 10 percent (P36.888 billion) or more than half lower than the 26 percent share in 2013 (P120.646 billion). The share of domestic investments this year jumped to 90 percent (P317.69 billion) from 74 percent (P345.39 billion) share in 2013.
President Aquino is rallying the nation to demonstrate its “1,000 percent” effort and show the best of the Philippines has to offer as the country gears up to host the Asia-Pacific Economic Cooperation (APEC) 2015 Summit. The President, addressing the formal launch of APEC 2015 in Makati City, said the nation must strive to be a “prominent example of how economic growth should be.” APEC 2015 LAUNCHED –