NEDA Board OK’s P548-B projects
EIGHT infrastructure projects worth P547.6 billion bagged final approval from the National Economic and Development Authority (NEDA) Board on Wednesday, including proposals for new bridges, an elevated monorail, and pedestrian walkways along Metro Manila’s main highway.
NG outstanding debt hits P7.7T as of end-2019
THE national government’s (NG) outstanding debt grew at end-2019 due to increased borrowings but was still smaller relative to the economy, the Bureau of the Treasury (BTr) reported on Wednesday.
Airlines downplay impact of coronavirus outbreak
LOCAL AIRLINES downplayed the impact of the coronavirus outbreak on their operations, saying there are no plans yet to reduce or halt flights to Chinese cities.
Trade dep’t proposes new deals, terms for NDC lands
THE properties of state firm National Development Co. (NDC), including those leased out at supposed disadvantageous terms, will not be sold but repackaged through long-term leases or joint ventures, the Trade secretary said on Wednesday.
Singapore’s Nine Fresh is here
BECAUSE of its popularity among Filipinos in its native Singapore, dessert shop Nine Fresh has decided to take a chance and expand outside its home country and into the Philippines.
Draft policy on common telco tower delayed anew
THE Department of Information and Communications Technology (DICT) on Wednesday gave another schedule for the release of the common tower policy.
Psychological first responders: good people doing better
THE SYNCHRONICITY of Taal’s eruption with the government’s inexplicable slashing of its disaster response budget, are dauntingly inauspicious for this Lunar New Year. After all, the Philippines ranks as the third most disaster-prone nation worldwide. Just for tropical depressions, hurricanes and storms, other countries may go through one or two super-sized typhoons a year, but we average nine, often having to extend the alphabet just to give them names. Despite some grumbling on social media that we citizens should not be doing the government’s job on our own coin, many stepped up and made up for the bureaucracy’s glaring shortcomings. There were even jokes that the Taal Volcano refugees were gaining weight at the evacuation centers from the private sector’s generosity, or maybe they were manas (bloated) from all the high-sodium instant noodles and sardines.
SEC warns public about more illegal and unlicensed investment companies
THE Securities and Exchange Commission (SEC) has issued warnings to the public against investing in BitThroughCash/Bit2Cash Trading, Inc. and agriculture groups AVP88 Coturnix Egg Farm and AVP88 Trading, Inc.
They said order all you can, so we did
OF COURSE we went to Ogetsu Hime, one of SM Aura’s Japanese restaurants, right when the Department of Health issued a statement discouraging the public from consuming raw food in light of the spread of Novel Coronavirus (2019-nCoV).
Yields on term deposits decline
BIDS FOR THE central bank’s term deposits declined from the previous week but still filled the offer volume as liquidity returned following the holidays, causing rates to inch down.
BDO raises P40 billion from bonds
BDO UNIBANK, Inc. raised P40.1 billion from the fixed-rate bonds it sold last week, over eight times its initial offer of P5 billion.
SLAMCI targets to hit P100-B AUMs this year
AFTER HITTING P83 billion worth of assets under management (AUMs) to date amid more investors investing through mutual funds, Sun Life Asset Management Co., Inc. (SLAMCI) is bullish they can hit P100 billion worth of AUMs this year.