BusinessWorld Online: Economy

Jul 212014
 

THE P64.9-billion Light Rail Transit Line 1 (LRT-1) Cavite Extension public-prive partnership (PPP) project has moved closer to implementation, with the Transport department’s (DoTC) bids and awards committee (BAC) endorsing it for approval by the Metro Manila railway regulator before awarding to a consortium of Ayala Corp. and Metro Pacific Investments Corp. (MPIC), an official said in a text message yesterday.

Jul 212014
 

IN A SOCIETY with ever-expanding needs, health insurance continues to climb to top priority. The seeming inability of the government to provide Filipino citizens affordable — if not free — access to basic health services and medicine drives low and medium-income earners to apply (and remain) as employees of private companies offering pre-need medical benefits, even as their basic salaries are just enough to meet day-to-day needs.

Jul 202014
 

THE COUNTRY’S external payments position is expected to improve in the coming months even as another deficit was recorded in June — widening the year-to-date gap — on the back of more capital inflows, robust remittances and strong exports, the Bangko Sentral ng Pilipinas (BSP) said.