Germany offers aid in maritime, aviation, rail development
By Imee Charlee C. Delavin, Senior Reporter
GERMANY has expressed interest in helping develop the Philippines’ maritime, rail and aviation sectors, yesterday kicking off by signing...
7 projects lined up for funding by Korea Eximbank
THE Department of Finance (DoF) said it has identified seven projects to be funded by the $1 billion concessional loan offered by South Korea...
Subsidies on state-owned firms decline over 45% in May
SUBSIDIES provided to government-owned and -controlled corporations (GOCCs) fell over 45% in May, according to data from the Treasury bureau.
The national government remitted a...
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...