A glimpse of the beginnings of a growing empire
DAVAO CITY -- Dennis A. Uy’s Udenna Group of Companies has pending proposals for two major infrastructure projects in Davao City: a P30-billion monorail that already has a stamp for Original Proponent Status from the Department of Transportation, and the development and management of the Davao International Airport under an unsolicited 30-year private-public partnership contract.
Business group pushes for public transport reforms
PUBLIC TRANSPORTATION should not be suspended whenever the government implements lockdown or quarantine measures to curb the spread of the coronavirus disease 2019 (COVID-19), a business group said.
SEC eyes five-year grace period for higher float
THE SECURITIES and Exchange Commission (SEC) is looking at giving listed firms five years to comply with the planned increase in minimum public ownership (MPO), a senior regulatory official told reporters on Tuesday.
Japan debt rater keeps investment-grade score of the Philippines
A JAPAN-BASED debt watcher has affirmed its credit rating for the Philippines, with the view that “aggressive” infrastructure spending plans under the Duterte administration...
Congress urged to reconsider bill on transport safety board
CONGRESS is being urged to approve a bill creating the Philippine Transportation Safety Board (PTSB), especially after technical glitches in the country’s air traffic...
ADB forecasts Developing Asia growth at 4.9% in 2024, says risks persist
MANILA - Developing Asia's growth this year is expected to be slightly stronger than previously forecast as healthy domestic demand in many economies offsets...
Economists doubt reported benefits of rice price cap
By Kyle Aristophere T. Atienza, Reporter
ECONOMISTS have called for a clear assessment of the real effects of the price ceiling on rice that was...
Rice tariff cuts to hurt collections, says Customs
THE BUREAU of Customs (BoC) expects the implementation of rice tariff cuts to hurt its revenue collection this year, its chief said.
“Definitely, there’s an...
Gov’t debt service bill falls in April
THE NATIONAL GOVERNMENT paid P64.288 billion in debt in April, 57% lower year on year as principal payments dropped, the Bureau of the Treasury (BTr) said.
Philippines delisted from EU’s counterfeit watchlist
THE European Union (EU) removed the Philippines from its “priority” counterfeit watchlist, even if it noted that intellectual property (IP) protection in the country has not improved.
PHL eyes AIIB’s crisis recovery facility
Beijing-backed Asian Infrastructure Investment Bank (AIIB) said on Friday it was proposing to its board to form a $5 billion financing facility to help public and private sector entities navigate the coronavirus pandemic.
Big firms hard-pressed amid rising interest rates
BIG BUSINESSES in the Philippines could have a hard time coping with rising interest rates, an economic research group said, as this would mean higher costs and a growing debt stock.
