Gov’t exploring ways to ease port congestion
THE BUREAU of Customs (BoC) is looking to require international shipping lines to build warehouses outside Metro Manila to store empty containers, while fees charged to businesses that leave empty containers in ports beyond the allowable period could rise, as the government explores more ways to ease congestion at the Port of Manila.
Duterte wants reforms sustained under new BSP chief — spokesman
PRESIDENT Rodrigo R. Duterte has yet to consider candidates to succeed the late Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla, Jr. who died of tongue cancer just last Saturday, his spokesman told reporters on Tuesday, but Malacañang expects to see some basic qualities as well as reforms sustained.
Fitch: Tax take key to hike in debt rating
A SUSTAINED rise in tax collections may trigger a debt rating upgrade for the Philippines, an analyst at Fitch Ratings said, noting that last year’s budget deficit will not affect the country’s credit outlook for now.
Measure lifting restrictions on foreigners in business could still make it out of 17th...
A MEASURE further relaxing restrictions in Republic Act No. 7042, or the Foreign Investments Act of 1991 (FIA), could be one of the bills that could secure approval in the remaining days of the 17th Congress, Senate leaders said in separate interviews late last week.
Strong demand expected for retail Treasury bonds
RETAIL Treasury bonds (RTB) to be auctioned off today can expect strong investor demand amid additional liquidity in the market due to the government’s payment of matured debts.
Insiders among potential candidates for BSP chief
PRESIDENT Rodrigo R. Duterte will soon need to choose a new central bank governor following the death of Nestor A. Espenilla, Jr. and potential candidates could include one of his deputies or the monetary authority’s board members.
Moody’s cites fiscal stability despite gap
THE PHILIPPINES remains on solid fiscal ground despite a bigger budget deficit last year, Moody’s Investors Service said, citing stronger revenue collections.
Economists see smooth transition at BSP helm
THE BANGKO SENTRAL ng Pilipinas (BSP) is broadly expected to remain a strong regulator despite the death last Saturday of its governor, Nestor A. Espenilla, Jr.
Transport dep’t calls for groups to bid for Malolos-Clark railway
THE DEPARTMENT of Transportation is inviting groups to bid for the construction of the Malolos-Clark segment of the P777.55-billion North-South Commuter Railway (NSCR) project.
Construction of Metro Manila subway’s first three stations set to begin — DoTr
THE DEPARTMENT of Transportation (DoTr) has sealed the design and build contract for the first three stations of the Metro Manila Subway Project, which is scheduled to break ground on Wednesday, Feb. 27.
Central bank chief Espenilla passes away
By Melissa Luz T. Lopez, Senior Reporter
BANGKO SENTRAL ng Pilipinas (BSP) Governor Nestor A. Espenilla, Jr. passed away on Saturday, Feb. 23. He was 60.
The central bank's Corporate Affairs Office...
Fiscal deficit remains ‘manageable’ — Dominguez
THE wider-than-programmed budget deficit last year should not be a cause for concern, with authorities pointing out that infrastructure outlays as well as revenue effort are on the rise.