87 infrastructure project approvals better than record of past 3 gov’ts — Pernia
THE government has given the green light for 87 infrastructure projects to proceed so far, a marked improvement from the record of previous administrations, its chief economic planner said.
Fitch Solutions sees construction-sector growth accelerating
THE construction industry is expected to grow 9.4% this year, remaining one of the fastest-growing markets in Southest Asia, according Fitch Solutions Macro Research.
PAL, Cebu Pacific cut flights to and from China
PHILIPPINE Airlines (PAL) and Cebu Pacific will be reducing their regular flights to and from China beginning February.
Manila Water board approves capital increase to P4.4B
Ayala-led Manila Water Co., Inc. is raising its authorized capital stock to P4.4 billion or an equivalent increase of 900 million common shares, which is the same number of shares it is carving out “for cash, properties, or assets” to carry out its business.
New round of bidding set for Malaya power plant
A THIRD round of public bidding has been set for the 650-megawatt (MW) Malaya thermal power plant in Rizal, the state agency tasked to privatize government energy assets said on Friday, after previous rounds resulted in failed bids.
Claims held by non-bank financials rise 14.4% in third quarter
DOMESTIC claims of non-bank financial firms rose in the third quarter of 2019 supported by their investments and loans disbursed to the private sector, according to the Bangko Sentral ng Pilipinas (BSP).
Peso stronger as coronavirus fears recede
THE PESO closed stronger Friday amid perceptions China has taken effective measures to contain the coronavirus outbreak.
Virus fears further pull down stocks
LOCAL shares slipped further on Friday to its lowest in 14 months as the novel coronavirus rapidly spreads prompting the World Health Organization to declare the outbreak as a global health emergency.
Infra spending seen recovering
INFRASTRUCTURE spending would probably recover this year with a national budget already in place, after lagging in the 11 months through November, the Budget department said on Thursday.
BSP eyes at least 50 bps policy rate cuts this year
THE CENTRAL BANK is still looking to cut rates by at least 50 basis points (bps) this year, its chief said on Thursday.
Virus outbreak to have short-term effect on tourism sector — Pernia
THE NOVEL CORONAVIRUS (2019-nCoV) outbreak is likely to have a short-term impact on the country’s tourism sector, according to economic managers.
Sarah Brightman returns to PHL
ENGLISH soprano Sarah Brightman’s HYMN in Concert tour will make a stop in the Philippines on June 10 at the Smart Araneta Coliseum. This marks Ms. Brightman’s first visit to the country after more than 15 years.