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CHED Approves Tuition Increase

The Commission on Higher Education (CHED) announced that a total of 313 private Higher Education Institutions (pHEIs) have been approved for an increase of tuition and other school fees for School Year 2015-2016.

In an official statement, CHED Chairperson Patricia Licuanan said that of the 313 pHEIs, 16 percent or 283 pHEIs will implement tuition fee increase; while 12.60% or 212 pHEIs will increase other school fees. “Across all regions the average percent increase is 6.48%.”

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PEP Says There Will Be More Pipeline Projects Until 2022

Based on the Philippine Energy Plan (PEP), the government is looking to put nine natural gas projects in place in Luzon from 2017 to 2022, with the intent of developing the country’s natural gas industry.

Some of the projects include Batangas-Manila 1 (BatMan1), which is considered to be the backbone infrastructure as a high-pressure gas transmission pipeline from Batangas to Sucat, Batangas Manila-2, Bataan-Cavite, Subic Pipeline, Clark Pipeline and Subic-Fort Bonifacio Pipeline among others.

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Philippines Still Has Bright Economic Future

For the third quarter of 2013, the country’s gross domestic product (GDP) grew by 7.0% year-on-year, slightly lower than the Bloomberg consensus estimate of 7.1% and BPI Asset Management’s forecast of 7.2%.

Nevertheless, the figure still brings average GDP growth for the first three quarters of the year to 7.4%, higher than the government’s target of 6%-7% for 2013. Compared to its regional peers, the Philippines is still one of the fastest growing countries, falling slightly behind China’s 7.8%.

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