THE PHILIPPINE Amusement and Gaming Corp. (PAGCOR) is projecting only a 2.25% revenue growth rate in 2015, but is expected to accelerate to 4% in 2016 once City of Dreams enters full operations.
ILOILO CITY — Consumers here will be experiencing a continued drop in electricity rates over the next three years as distributor Panay Electric Co., Inc. (PECO) fields competitive offers from multiple power generating companies.
FOUR PUBLIC-PRIVATE partnership (PPP) projects will soon be discussed by the National Economic and Development Authority (NEDA) Board, which is planning to meet within the month to pave the way for their auction.
The Filipino taxpayer carries a heavy burden in terms of tax obligations and compliance. We are encouraged to support the tax collection efforts of the Bureau of Internal Revenue (BIR) through its Register File and Pay campaign. However, given the prevailing poverty of the vast majority of the population, inadequate access to public health care, questionable deals and disbursements within and by the government, and delays in much-needed infrastructure projects, it would appear that taxpayers — Filipino and foreign alike — are not too keen on supporting the BIR.
POTENTIAL bidders for the five regional airport maintenance contracts under the public-private partnership (PPP) scheme have another week to prepare their qualification documents, after the Transportation department moved the submission date to Aug. 17 from today.
PHILEX PETROLEUM Corp. remains interested in more oil and gas prospects in the Philippines even amid the hold on exploratory work at one of its assets in contested waters on the West Philippine Sea.
Being an archipelago, the Philippines needs an efficient maritime transportation industry to attain inclusive growth and economic progress, since shipping links the islands and connects archipelagic economies to international commerce and trade.
THE administration’s “Daang Matuwid” philosophy, with its focus on minimizing corruption in government, needs to be pushed in a more compassionate and equitable direction to ensure its sustainability beyond President Benigno S. C. Aquino III’s term, an Ateneo de Manila economist said.
THE PHILIPPINES on Wednesday received a record pledge from Japan worth ¥240 billion for a rail project between Manila and a neighboring province, as well as assurances on future security cooperation, including the supply of defense equipment.
CAGAYAN DE ORO CITY — The Department of Public Works and Highways (DPWH) in Region 10 is planning to build a P244-million dike on the Iponan river in Northern Mindanao to complement a P5-billion dike being built for the Cagayan River.