EastWest Bank raises P2.45B via LTNCDs
EAST WEST Banking Corp. (EastWest Bank) has raised P2.45 billion from the first tranche of its long-term negotiable certificates of deposit (LTNCD) program, which will support its funding needs.
Biz groups urge gov’t to lower costs of logistics
FOURTEEN of the country’s biggest business groups on Thursday urged the government to implement a moratorium on fees and charges slapped on shipments currently stuck at the country’s ports, as the Luzon-lockdown continues.
Government to start work on 75 airport projects
THE Department of Transportation on Monday said it will soon begin work on 75 more airport projects.
Banks increase exposure to real property sector
BANKS lent out more funds to the real property sector as of June, although growth slowed from the previous quarter as interest rates climbed.
DTI slaps safeguard duty on cars
THE PHILIPPINES will slap provisional safeguard duties on imported cars, after an investigation by the Trade department showed the surge in imports has hurt the domestic auto manufacturing industry.
ADB warns of barriers to waste-to-energy investment
THE DEVELOPMENT of waste-to-energy (WTE) facilities in the Philippines through public-private partnerships (PPPs) may be plagued by uncertainty due to an inadequate legal framework, the Asian Development Bank (ADB) said.
NEDA says security of tenure bill requires more ‘balance’
THE National Economic and Development Authority (NEDA) said Senate Bill 1826, the proposed Security of Tenure (SoT) Act, needs to be “tweaked” to be more balanced and consider the possible impact on investment.
Peso up on Fed, BSP decisions
THE PESO strengthened against the greenback on Thursday after both the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP) decided to maintain key policy rates.
Stocks may drop on negative market sentiment
PHILIPPINE STOCKS are seen to trade lower this week amid negative sentiment caused by developments in the global scene.
Stocks decline further on Duterte, Trump remarks
SHARES continued their sluggish performance on Wednesday amid developments here and abroad.
Kennon Road rehab to be offered as PPP; toll road setup seen as ‘sustainable’
THE Department of Public Works and Highways (DPWH) hopes to modernize Kennon Road by offering its rehabilitation to toll-road operators as a Public-Private Partnership (PPP), the PPP Center said.
Philippines to bid for hosting rights to world tourism conference in 2021
THE Philippines will be bidding to host the next United Nations World Tourism Organization (UNWTO) General Assembly in 2021, with other Asian countries expressing support for the bid.