DESPITE falling world oil prices, the Philippines’ oil import bill continues to grow in the nine months ending September, highlighting the country’s continued dependence on foreign energy.
Jan 112015
BusinessWorld Online: Economy
Jan 112015
THE DEADLINE to submit prequalification documents for the government’s biggest public-private partnership (PPP) project has been moved to Feb. 27, at the request of prospective bidders, an official said.
Jan 112015
(First of two parts) THE INTERNATIONAL Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB), which we will collectively refer to as “the Boards,” are currently working on a new standard on leases (the “Leases Project”). The project aims to improve lease accounting under both International Financial Reporting Standards (IFRS) and United States Generally Accepted Accounting Principles (US GAAP), and at the same time is intended as a convergence effort to align lease accounting under the two accounting standards. A first Exposure Draft (ED) was issued in August 2010 which was followed by second version in May 2013 (the 2013 ED).
Jan 092015
TRADERS implicated in the garlic cartel that sent prices surging 74% last year have also allegedly cornered imports of another commodity — onion.
Jan 092015
FAVORABLE demand and supply conditions continue to point to a rosy outlook for the economy despite low government spending and prolonged uncertainties abroad, monetary authorities noted in their last policy meeting for 2014.
Jan 092015
MANILA ranked lower in this year’s real estate report of the Urban Land Institute and PricewaterhouseCoopers (PwC), citing waning investor interest in emerging markets due to a possible increase in US interest rates.
Jan 082015
THE DEVELOPMENT of Clark International Airport will involve a P7.2-billion effort to increase capacity to 80 million passengers annually by 2032, based on a master plan prepared by the French company operating the major civilian airports of Paris, officials said.
Jan 082015
FIFTEEN public-private partnership (PPP) projects in the Philippines have been identified by the World Bank’s Singapore Infrastructure Hub as key projects for the Association of the Southeast Asian Nations’ (ASEAN) plans to improve the region’s connectivity with the rest of the world, Philippine officials said.
Jan 082015
PORT CONGESTION could cause prices of goods to spike once more in the next few weeks should the movement of containers at the Port of Manila fail to improve soon, the private sector-led Port Congestion Multi-sectoral Working Group (PC-MWG) said.
Jan 072015
THE P18.99-billion Davao Sasa Port Modernization project will be the first public-private partnership (PPP) project to be rolled out this year, with the Transportation department set to publish the invitation to bid within the week.