Bids for 3 railway infrastructure contracts to be opened this month
PHILIPPINE National Railways (PNR) is set to open bids on Aug. 18 for three projects, including the P1.8-billion design and build contract for track relocation works between the Solis and Sucat stations.
PHL pitches healthcare information services investment in Taiwan conference
THE Philippines is seeking to attract more investors from Taiwan to the healthcare information management services (HIMS) industry, a Taipei-based diplomat said.
PHL to participate in ASEAN program to jointly manage large marine ecosystems
THE Department of Environment and Natural Resources (DENR) said it is preparing to participate in an ASEAN collaborative project on large marine ecosystems (LMEs), which is funded by the Global Environment Facility (GEF).
PHL factory activity slows in July
THE PHILIPPINES’ manufacturing sector slowed in July as production and new orders declined, signaling weaker global demand, S&P Global said on Monday.
Philippine esports can be a game changer, experts say
TWENTY-THREE-YEAR-OLD Kendrick L. Cheah, one of the top Super Smash Bros. Ultimate players in the Philippines, has shown that video games aren’t just a child’s pastime anymore.
BoC exceeds July collection target by 39%
THE BUREAU of Customs (BoC) on Monday said it exceeded its July collection target by 39%, mainly due to increased imports and improved valuations.
Rising rates put more pressure on consumers, SMEs — Fitch
RISING INTEREST RATES will put more pressure on consumers and small businesses in the Philippines, as many are still recovering from the economic shock brought by the coronavirus pandemic, Fitch Ratings said.
PHL stocks flat ahead of key economic data
STOCKS opened the month flat ahead of the release of key economic data and more second quarter results of listed firms.
Peso declines on weaker PMI
THE PESO weakened versus the greenback on Monday on weaker factory activity data and the rise in coronavirus disease 2019 (COVID-19) cases in the country.
Tourism recovery in Asia-Pacific seen lagging other regions in 2022
TOURIST arrivals in the Asia and the Pacific (APAC) are expected to lag the recovery posted by other regions, with travelers still deterred by the frictions associated with international travel, according to the United Nations World Tourism Organization (UNWTO).
Business chambers call for COVID-19 lessons to be applied to managing monkeypox
BUSINESS LEADERS expressed the hope that a possible monkeypox outbreak will be managed by a government now well-versed in what measures proved effective in containing the coronavirus.
DBM releases rice farmer subsidy of over P8 billion
THE Department of Budget and Management (DBM) said it released P8.05 billion worth of subsidies for rice farmers for distribution in the third and fourth quarters.