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WBF has more than 20 years of Philippine experience in helping companies understand their market and operating environment. In those years, it has guided over 40 companies in launching their products... Read more
PEER GROUP SERVICES
WBF has over a quarter of a century experience in professional consulting and assisting business in their operations in the Philippines. It has gained a well-deserved reputation among the foreign and local business community in the Philippines... Read more
Real change is coming, and the ride will be rough. Mr. Rodrigo Duterte, 71, was sworn in yesterday as the 16th President of the Philippines, and in his speech, he invited people to join him in the ride, as he vowed to restore public trust in government and its leaders. According to the President, the fight against corruption and criminality will be “relentless” and “sustained.” In his 14-minute speech, he also appealed to Filipinos to get directly involved in the quest for change the country badly needs. He stressed there would be no letup in his effort to make life easier for the people, and that his goal would be to restore people’s faith in government.
The pipeline of mine projects expected to be operational by 2019 is expected to attract over $20 billion worth of investment in 10 years beginning 2016, according to the Chamber of Mines of the Philippines. An estimated $2.25 billion is expected from 2 mine projects due to enter operations in 2016; $6 billion from 3 projects in 2017; $14.75 billion from 5 projects in 2018; and $2 billion from the sole project expected in 2019 which is the Far South East Gold project of Lepanto Mining Corp. in Benguet. All these investments will come on top of about $18 billion in exploration expenditure and are expected to increase production and exports of minerals and metals, with incremental export receipts of $2 billion annually.