THE administration of President Rodrigo R. Duterte aims to hike the spending on infrastructure to 7% of the economic output within his term, Budget Secretary Benjamin E. Diokno said on Thursday.
Jul 142016
BusinessWorld Online: Economy
Jul 142016
THE unsolicited rail proposal endorsed by the state-run Philippine National Railway (PNR) calls for a Light Rail Transit line along the length of Quezon Avenue.
Jul 142016
THE INCREASE in retail prices of construction materials in the National Capital Region slowed in June after three consecutive months of steady upticks, according to the Philippine Statistics Authority (PSA).
Jul 132016
THE LANDMARK ruling favoring the Philippines against China in its territorial row over the West Philippine Sea is unlikely to affect the local economy, Moody’s Investors Service said, and will not merit adjustments to the country’s investment grade rating.
Jul 132016
THE Asian Development Bank (ADB) in a statement said its president, Takehiko Nakao, met on Wednesday with President Rodrigo R. Duterte to explore ways the institution can support his administration’s efforts in promoting sustainable growth, reducing poverty, and increasing transparency in government affairs.
Jul 132016
Just a couple of months ago, the country held its elections which generated a good slice of nationwide buzz from when it kicked off up to the official announcement of the winning candidates. From the countless headlines the recent election season brought, the one that stood out for me was the Comelec breach. The breach caused an uproar because it exposed the sensitive personal information of 55 million registered voters through a hacking attack.
Jul 122016
THE DEPARTMENT of Finance (DoF) on Tuesday tapped Undersecretary Gil S. Beltran to be its anti-red tape czar, tasked to cut down transaction processes with the tax and customs agencies within six months.
Jul 122016
FACTORY OUTPUT in May dropped for the first time this year to its lowest level in 11 months, while merchandise exports continued its descent — albeit slower — for more than a year, the government reported yesterday.
Jul 122016
MONEY SENT HOME by overseas Filipino workers (OFWs) likely grew between 4% and 5% in May, sustaining an uptrend seen the previous month in light of a slight recovery in oil prices, an economist at ING Bank N.V. Manila said.
Jul 112016
ENVIRONMENT Secretary Regina Paz L. Lopez has formalized an order for a moratorium on new mining projects and also required an audit of mine operations that are currently suspended.