TWELVE infrastructure projects costing at least P265.31 billion are in different stages of procurement under a public-private partnership scheme, including the operation and maintenance of Light Rail Transit Line 2 (LRT-2) and five regional airports, an official of the Public-Private Partnership (PPP) Center of the Philippines said on Wednesday.
INVESTOR worries over the Duterte government’s political, diplomatic and economic policy have been exacerbated by the souring relations between the Philippines and the US, with financial markets negatively responding to the unfolding diplomatic drama, an economist at ING Bank N.V. Manila said.
According to Einstein, fear and greed are two of the three great forces that exist in the world. In this context, fear and greed are likely the drivers of a human being’s irrational action and behavior. We can say that greater fear and greed occur in our later years, when we start experiencing the increasing degrees of pressure from factors that shape our perspectives. It comes as no surprise that a relatively mature or sensible person is possibly a fraudster induced by an insatiable desire to gain status or wealth, or by an equally overwhelming fear of losing such things. When this happens, someone else is made to pay the price — the victim.
THE Trade department is priming for a second round of negotiations with the European Union (EU) over a free trade agreement, it said in a statement yesterday as it announced a series of consultations with businesses and government agencies.
THE European Chamber of Commerce of the Philippines (ECCP) said it would hold monthly dialogues with local government units (LGUs) to identify growth areas outside Metro Manila ahead of the country’s planned shift to the federal system.
NUCLEAR power will be a “good part” of the country’s energy mix, but issues need to be resolved on how it can work in a deregulated environment, a former Energy secretary said.
THE Energy Regulatory Commission (ERC) is looking into a possible arrangement with the Philippine Competition Commission (PCC) that will allow the two agencies to work together in a crackdown on anti-competitive behavior across the energy sector, an official said.
NATIONAL government borrowing fell by more than half in July from a year ago as it paid maturing foreign loans more than it borrowed, according to data from the Bureau of Treasury.
It is said that taxation should not restrict trade. For when it does, the flow of a progressive economy is likewise hampered. Importers have a reason to smile this time because last Aug. 31, 2016, the Commissioner of Bureau of Internal Revenue (BIR) issued Revenue Memorandum Order (RMO) No. 56-2016. This amends the guidelines for securing importers clearance certificate (BIR-ICC) and customs brokers clearance certificate (BIR-BCC).
THE PHILIPPINES’ dominance as among the world’s top exporters of seaweed could be challenged by Southeast Asia peer Vietnam which is beefing up funding for its aquamarine industry, claimed a lawmaker who’s lobbying for a bigger budget for the sector and an independent fisheries agency.