DoTr appoints former MMDA head as undersecretary for roads
FORMER Metro Manila Development Authority (MMDA) General Manager Thomas M. Orbos has been appointed Undersecretary for Road Transport and Infrastructure of the Department of...
Agrinurture raises stake in Chinese firm to majority
AGRINURTURE, Inc. said its board has approved the acquisition of 2% of China’s Zongshan Fucang Trade Co. Ltd, taking its holding in the Guangdong...
Meralco rejects midnight deal’ allegations on 7 power deals
THE Manila Electric Co. (Meralco) has denied that the seven long-term power supply agreements (PSA) it submitted to the Energy Regulatory Commission (ERC) in...
Roxas Holdings to help clean up river in Negros Occidental
ROXAS HOLDINGS, Inc. (RHI) said it supports the environmental campaign of the local government of Pontevedra, Negros Occidental, with a commitment to help clean...
ADB establishing infra technical aid program
AN INFRASTRUCTURE assistance scheme providing technical expertise will be set up to aid in carrying out the government’s infrastructure programs, forming part of the...
DoF sees infra as foreign investors’ top concern
FINANCE Secretary Carlos G. Dominguez III said that poor infrastructure is what keeps investors from setting up business process outsourcing (BPO) operations here, not...
Key legislator urges faster transition to bank EMV cards
THE CHAIRMAN of the House committee on banks and financial intermediaries has urged the Bangko Sentral ng Pilipinas (BSP) to shorten the deadline for...
Finance dep’t may absorb government guarantee firms within PhilEXIM
THE Finance department is considering the consolidation of state-owned guarantee firms with Philippine Export-Import Credit Agency (PhilEXIM), in order to streamline surety services.
PhilEXIM is...
Outstanding government debt up 7.8% at end of May
GOVERNMENT DEBT hit P6.345 trillion at the end of May, the Bureau of the Treasury (BTr) said yesterday.
The debt total rose 7.8% or almost...
PPA in turf dispute with BoC on abandoned cargo policy
THE Bureau of Customs’ (BoC) proposed administrative order seeking to put up temporary storage for overstaying and abandoned cargo diminishes the jurisdiction of the...
PEZA says 73,043 jobs created under new government
DIRECTOR-GENERAL Charito B. Plaza said the Philippine Economic Zone Authority (PEZA) approved a total of P268.364 billion worth of proposed investments during the first...
Farmers, fishermen are PHL’s poorest
FARMERS, fishermen and children made up the poorest sectors in the Philippines in 2015, but poverty incidence decreased across all sectors, according to a...