Officials head for Japan to pave way for planned ‘samurai’ bond sale
A PHILIPPINE government team will head for Japan this week to present investment opportunities in the country, setting the tone for a planned “samurai” bond sale, the Department of Finance (DoF) said in a statement over the weekend.
Tanduay aims to enter Europe within 3-5 years
TANDUAY DISTILLERS, Inc. (TDI) looks to enter the European market within the next three to five years, as it scouts for opportunities to bring its rum brand overseas.
Tan-led Infracorp eyes O&M partner for Skytrain
INFRACORP Development, Inc. is currently looking for an operations and maintenance (O&M) partner for its P3.5-billion Skytrain project, saying it is speaking with several firms from Austria, France, Japan and China.
LTFRB mulling moratorium on new ride-hailing companies
THE LAND Transportation Franchising and Regulatory Board (LTFRB) is mulling a moratorium on the entry of more transport network companies (TNC), following the new department order tasking the agency to regulate the transportation segment.
T-bill, T-bond rates may ascend ahead of central bank meeting
GOVERNMENT SECURITIES on offer this week will likely fetch higher yields as investors await the policy meeting of the local central bank.
BSP net income surges to P9.82B at end-March
THE BANGKO SENTRAL ng Pilipinas (BSP) saw its bottom line surge fivefold during the first quarter largely on the back of gains from currency trading.
DTI sets 2022 target for eliminating ‘5-6’ lending
WITH added funding set aside for lending to micro, small and medium enterprises, the Department of Trade and Industry (DTI) said it hopes to eliminate the need for so-called “5-6” informal lenders by 2022.
Modern jeepneys approved for Pasay route
MODERNIZED public utility jeepneys (PUJs) will start hitting the road on a route within Pasay City on Monday, the Department of Transportation (DoTr) said.
WB-funded wastewater project completion delayed to 2019
A PROJECT to improve wastewater collection and treatment in catchment areas of Metro Manila is currently facing implementation delays, leading to the replacement of some sub-components, the World Bank (WB) said.
BoP, current account pressures persist
THE BANGKO SENTRAL ng Pilipinas (BSP) expects the country’s external payments position to settle at a wider deficit this year under the pressure of more imports but propped up by service-related inflows and the entry of more foreign capital.
Metro Manila’s water tariffs rising
CUSTOMERS of Metro Manila’s two water concessionaires will soon see an increase in their bills, the sector’s regulator announced on Thursday.
Finance dep’t eyes April 2019 for tax amnesty
THE GOVERNMENT is looking at offering its planned one-time tax amnesty program in April next year, coinciding with the deadline for filing income tax returns, the Department of Finance (DoF) said.