September 2021 | International Law Alerts | International Economic Law

PH bond market climbed to P1.5t as of June The local currency bond market in the Philippines grew significantly over the past decade on investors’ strong and sustained confidence on the domestic economy, the Department of Finance said over the weekend. COCOPEA installs new set of officers for 2021 Amid a vigorous campaign to secure a new law that would secure fair tax rates for private schools, the Coordinating Council of Private Educational Associations of the Philippines formally installed new officers in online ceremonies last Sept. 4. Diokno sees stronger economy after pandemic Bangko Sentral ng Pilipinas Governor Benjamin Diokno…

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August 2021 | International Law Alerts | International Economic Law

Filipino-owned fisheries, aquaculture export ecozones urged The fisheries sector on Monday urged for the establishment of more aquaculture economic zones to boost production of processed and value-added aquaculture products for both domestic and export market and generate local employment. Moody's Analytics eyes 0.6% PH GDP growth in Q2 Moody’s Analytics forecasts an 0.6-percent expansion for the Philippine economy in the second quarter of 2021, an improvement from the -4.2 percent in the first quarter. IMF $650-B reserves distribution clears last hurdle in 'unprecedented' move The International Monetary Fund said on Monday, August 2, its board of governors approved a $650-billion…

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June 2021 | International Law Alerts | International Economic Law

Business firms urged to acquire safety seal Business establishments are urged to apply for a safety certification to confirm their compliance with the government’s minimum public health standards. Economist sees PH gov't debt to remain sustainable Higher financing requirements brought about by the pandemic increased the national government’s liabilities but an economist believes that as long as credit level is kept within the international threshold then debt remains sustainable. PH working with ADB, WB on measures vs. climate change The Philippine government is now working with the Asian Development Bank (ADB) on a goal to acquire all coal-fired power plants…

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May 2021 | International Law Alerts | International Economic Law

  GOV’T MANAGING RISKS, FAST-TRACKING CONTACT TRACING EFFORTS AND NATIONAL ID – NEDA The Philippine government is recalibrating its COVID-19 response to better manage risks and fast-track solutions on contact-tracing and the national ID deployment, said the National Economic and Development Authority (NEDA). BSP seen to keep key rates steady as inflation remains high The Bangko Sentral ng Pilipinas (BSP) is expected to keep its accommodative stance this 2021 since inflation is expected to remain elevated most of the year Infra firm supports gov’t as PH recovering from pandemic Metro Pacific Investments Corporation (MPIC) has continued to extend its full…

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April 2021 | International Law Alerts | International Economic Law

G-2 CONFERENCE AND HACKATHON CHALLENGE 2O21 - HOW TO MAKE THE WTO FIT FOR FUTURE TRADE This year, the annual G-2 Conference 14 April 2021, will take a new spin. At a moment when trade is challenged by the COVID-19 pandemic and a resurgence of protectionist sentiments, and the WTO faces crisis across many of its core functions, the organisers want to elevate new, fresh perspectives with bold ideas for the WTO’s path forward. The focal point will be a three-day hackathon for students from around the world, on: ‘How to Make the WTO Fit for Future Trade’. PH, France…

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February 2021 | International Law Alerts | International Economic Law

  Chair calls dedicated meetings to solve impasse on special treatment for developing countries At a meeting on 8 February, the Chair of the trade and development negotiations, Ambassador Kadra Ahmed Hassan of Dijbouti, encouraged WTO members to find common ground on strengthening special treatment for developing countries. ISDS Reform: From the Forest to the Trees of an Appellate Mechanism Last week, the United Nations Commission on International Trade Law (UNCITRAL) Working Group III (WGIII) made substantial progress toward designing an appellate mechanism for investment disputes Move in or lose out: Saudi Arabia's ultimatum unsettles foreign firms Saudi Arabia’s ultimatum…

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