DPWH flags 421 ‘ghost’ projects in nationwide audit
The government has found 421 “ghost” infrastructure projects across the Philippines after validating about 8,000 public works, the Department of Public Works and Highways...
Marcos signs eight petroleum service contracts worth $207 million
President Ferdinand R. Marcos, Jr. has signed eight petroleum service contracts representing a potential investment commitment of about $207 million over a seven-year exploration...
BIR files P7.18-B tax evasion cases tied to flood-control scandal
The Bureau of Internal Revenue (BIR) on Wednesday filed tax evasion complaints worth P7.18 billion against two contractors implicated in the Philippines’ flood-control scandal.
The...
Philippines’ August jobless rate declines
By Chloe Mari A. Hufana, Reporter
The Philippines’ unemployment rate fell to 3.9% in August, reflecting stronger hiring momentum as the labor market recovered from...
Philippine annual inflation at 1.7% in September
MANILA (UPDATE) - Philippine annual inflation quickened for a second month, but it was still below the central bank's 2% to 4% comfort range...
Former BPI president and CEO Xavier Loinaz passes away
VETERAN BANKER and former Bank of the Philippine Islands (BPI) President and Chief Executive Officer (CEO) Xavier P. Loinaz died on Oct. 4, the...
MPTC seeks SEC approval for P20-B fixed-rate bond issuance
METRO Pacific Tollways Corp. (MPTC) is seeking regulatory approval to raise up to P20 billion through a bond issuance to help finance its expressway...
Toyota Financial Services launches P2-billion bond offer
TOYOTA Financial Services Philippines Corp. (TFSPH), the automotive financing and leasing arm of GT Capital Holdings, Inc., has launched its P2-billion maiden bond offering...
Philippines to open January rice import window, extend ban through end-2025
By Kenneth Christiane L. Basilio
The Philippines will implement a one-month rice import window in January next year and reimpose a halt from February to...
ACEN subsidiary gets P900-M financing for Quezon North Wind Farm
Giga Ace 6, Inc., a subsidiary of ACEN Corp., has secured P900 million in short-term financing from its parent company to fund the Quezon...
Philippines central bank projects current account deficit at 3.3% of GDP
MANILA - The Philippine central bank projected on Wednesday that the country will post a current account deficit equal to 3.3% of gross domestic...
Philippine manufacturing PMI deteriorates in September, first contraction in 6 months
FACTORY ACTIVITY in the Philippines contracted for the first time in six months in September, as manufacturers saw a drop in output and new...