DoTr says airlines agree to transfer turboprop flights to Sangley Airport
THE Department of Transportation (DoTr) said local airlines have agreed to operate flights that utilize turboprop planes at the Danilo Atienza (Sangley) Air Base, as the government prepares to open the airport for more flights before the year ends.
Gov’t to issue Marawi bonds for large-scale infrastructure projects
THE GOVERNMENT is looking to issue its planned Marawi bonds to help fund large-scale infrastructure projects covered by the second phase of the rehabilitation plan for the city, the Finance department said in a statement on Thursday.
Oil demand growth falls as economy weakens
SINGAPORE/HOUSTON -- World oil markets have undergone a U-turn, switching from supply-side risks like OPEC’s production cuts or US sanctions against producers Iran and Venezuela, analysts said, to concerns of slowing consumption amid fears of a global recession.
Reforms eyed to boost FDI inflows
FOREIGN direct investments (FDI) inflows to the Philippines dropped in 2018 even as most Southeast Asian countries saw gains that pushed the region’s overall haul for the year to an all-time high.
Foreign funds to continue fleeing PHL stock market
BPI SECURITIES, Inc. sees up to $600 million worth of foreign funds exiting the local stock market this year as more investors place their funds in China, following its greater weighting on the MSCI index.
SEC targets to release ICO rules later this year
THE Securities and Exchange Commission (SEC) is optimistic it can come out with the guidelines for initial coin offerings (ICO) this year as it hopes to regulate the number of businesses using this method to raise money.
PHL trade deficit narrows in April
THE COUNTRY’s trade-in-goods deficit narrowed in April as merchandise exports grew while imports declined, but did not prevent the year-to-date trade gap from increasing, according to data released by the Philippine Statistics Authority (PSA) on Tuesday.
Investment pledges climb 40% in January-May
FRESH PROJECTS pledged at the Board of Investments (BoI) in the first five months of the year climbed 40.1% from a year ago, with power projects spurring the growth.
Sangley to handle general aviation by December
PRESIDENT Rodrigo R. Duterte on Monday evening ordered the Department of Transportation (DoTr) to immediately utilize the Danilo Atienza Air Base in Sangley Point, Cavite to help decongest the country’s main gateway, the Ninoy Aquino International Airport (NAIA).
MRT-7 completion to be delayed to 2022
SAN MIGUEL CORP. (SMC) expects the completion of the Metro Rail Transit Line 7 (MRT-7) to be pushed back to 2022, with partial operations seen by 2021 as the company encounters right of way issues.
Foreign direct investments fall in March
FOREIGN direct investments (FDI) declined to a four-month low in March, dragged by lower equity capital flows amid global uncertainties, the Bangko Sentral ng Pilipinas (BSP) reported on Monday.
SEC goes after religious group operating scam
THE Securities and Exchange Commission (SEC) obtained a freeze order on several bank accounts and assets of Kapa-Community Ministry International, Inc. (KAPA), which it described as operating one of the biggest investment scams in the country.