Welcome to the Site of the Philippine Consulate General Toronto, Canada

Welcome to the website of the Philippine Consulate General in Toronto, a portal for the latest news and announcements in the service of all kababayans in the Greater Toronto Area (GTA), Saskatchewan and Manitoba. Please monitor our website for the latest news and announcements for the whole community. Enjoy browsing and Mabuhay!

Junever M. Mahilum-West, Consul General

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Latest News & Announcements

FDIS SURGE 62% TO $5.72 BILLION

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Foreign direct investments surged 62 percent in the first 11 months of 2014, reflecting strong investor confidence in the economy, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. The Philippines registered a net inflow of $5.72 billion in FDIs from January to November last year, higher than the $3.539 billion recorded in the same period in 2013. “This reflected investors’ confidence in the Philippine economy on the back of sound macroeconomic fundamentals and strong growth prospects,” the central bank said.

Source: The Philippine Star, 12 February 2015http:// www.philstar.com”

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IMPLEMENTATION OF THE INTERNATIONAL PASSENGERS SERVICE CHARGE (TERMINAL FEE) EFFECTIVE 01 FEBRUARY 2015

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The Philippine Consulate General in Toronto is pleased to announce that the Manila International Airport Authority (MIAA) has already implemented the integration of the International Passenger Service Charge (IPSC), or better known as the “terminal fee”, into the airline ticket, effective 01 February 2015.

For more information, please click the press release below:

Press Release PR-02-2015

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ING: PH BACK ON ECONOMIC ‘SWEET SPOT’

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The Philippines has returned to its so-called economic sweet spot, and is expected to sustain this position of strong growth and low inflation in the next few years, ING Bank economists said yesterday. In their 2015 economic briefing in Makati City, ING Bank economist Joey Cuyegkeng said that the country has gone back to its “optimum” point after going through structural issues for the most part of last year.

The ‘sweet spot’ of the economy is defined as the convergence of high growth and low inflation.

(Source:http:// www.businessmirror.com.ph/”

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INTERNATIONAL FILM EXPO 2015 (IFX) IN MANILA: 26-28 JUNE 2015

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The Film Development Council of the Philippines (FDCP) invites film makers and other interested parties to participate in the International Film Expo 2015 (IFX) to be held from 26 to 28 June 2015 at the SMX Convention Center, Manila, Philippines.
The IFX, with its tagline Your Film Corridor to Asia, is one of the premier film expositions and film markets in Southeast Asia organized by FDCP bringing together the world’s most prominent players in the film industry and showcasing the best and the latest trends in the global film market today.

The fourth IFX aims for local and international film industries to forge an even broader avenue for exchanges of ideas, interaction, and exploration with co-productions, as well as the technical aspect of film development.

More details available at http:// www.ifx.ph/”

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REVISED SCHEDULE OF SERVICE FEES AT THE PHILIPPINE CONSULATE GENERAL

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The Philippine Consulate General in Toronto would like to inform the general public that, effective 01 February 2015, the revised schedule of consular fees will be implemented.

For further information, please see the press release and the revised schedule of consular fees on the link below:

Revised Schedule of Service Fees

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NEDA: NO LONGER ‘SICK MAN,’ PH NEEDS REBALANCING

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The Philippine economy remains headed for rapid growth this year and beyond although risks and challenges remain in making the country’s expansion inclusive and sustainable, economists said at a forum yesterday.

Socioeconomic Planning Secretary Arsenio Balisacan said at the “State of the Philippine Economy” conference that the country “is no longer the sick man of Asia,” with gross domestic product growth averaging 6.3 percent since 2010, the highest average for the past 40 years.

Reforms, however, are still needed, Balisacan said. In particular, he said that a “rebalancing” of growth is needed to make growth inclusive with consumption and services remaining the main drivers of the Philippine economy.

(Source : DFA-PISU NewsCaps, DFA-PISU News RoundUp, 30 January 2015)

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PH No More The Sick Man of Asia

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PH IMPROVES TO 76TH IN ECONOMIC FREEDOM RANKINGS

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The Philippines registered one of the 10 best score improvements in the 2015 index of economic freedom, making its economy the 76th freest in the world. The country’s score increased by 2.1 points since last year with notable improvements in financial freedom, freedom from corruption and labor freedom outweighing declines in business freedom and the management of public spending, according to a report by the Heritage Foundation in partnership with The Wall Street Journal.

(Source: DFA Newscaps and PISU News Round Up, 28 January 2015)

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PH Improves to 76th in Economic Freedom Rankings

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