Gov’t seeks to limit power plant outages as part of performance benchmark
THE ENERGY REGULATORY COMMISSION (ERC) has asked the public to submit comments on its proposed interim benchmark for reliability of power generation units in the country, especially in terms of allowable outage days per year.
Duterte to give glimpse of road ahead
PRESIDENT Rodrigo R. Duterte delivers today his fourth State of the Nation Address (SONA), which Malacañang said on Sunday should give the country an idea of what lies ahead in the second half of his six-year term.
Sectors bare expectations for administration’s 2nd half
PRESIDENT Rodrigo R. Duterte had done relatively well in the first half of his term in pushing fiscal and other economic reforms as well as in stepping up infrastructure spending, but much still needs to be done in liberalizing the economy and overhauling an outdated tax structure, industry groups said in separate interviews last week.
‘Tatay Digong’ thrives on pathos to keep rock-star status
JUN ABORDO’s eyes beam as he talks about how his “Tatay Digong” managed to end the Philippines’ century-old subservience to the United States, its former colonial master.
Economists temper inflation expectation
BANK ECONOMISTS’ expectations for inflation for 2019-2021 have eased, according to results of a second-quarter survey of the Bangko Sentral ng Pilipinas (BSP).
BoP swings to $404-M deficit in June
THE country’s balance of payments (BoP) registered a deficit in June, as the government made principal and interest payments on its foreign debts, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.
Super consortium submits revised plan for NAIA rehabilitation
A “super consortium” composed of seven of the country’s top conglomerates submitted a revised proposal for the rehabilitation of the Ninoy Aquino International Airport (NAIA), in line with the Department of Transportation (DOTr)’s instructions to pattern the plan after Clark International Airport’s concession agreement.
DBCC cuts inflation, trade assumptions
STATE BUDGET PLANNERS on Thursday slashed inflation, trade and foreign exchange assumptions for this year, even as they kept overall economic growth targets intact.
ADB pares Philippine growth projection
THE ASIAN DEVELOPMENT BANK (ADB) has slashed its Philippine economic growth forecast for this year, citing impact of the four-month delay in 2019 national budget enactment and slowing export of goods and services -- although the country will still be the region’s third-fastest growing economy behind Vietnam and China.
Hot money flows out in first half
FOREIGN portfolio investments swung to a net outflow last semester as June recorded the fourth straight month that more of such funds left the country, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday.
Villar firm applies for P20.7-B IPO
THE PHILIPPINES’ richest man, Manuel B. Villar, Jr., is taking his home improvement chain public this year in a bid to raise up to P20.7 billion to finance its expansion.
Business makes last-ditch plea on ‘endo’
MAJOR BUSINESS GROUPS in the country have made a last-ditch call for President Rodrigo R. Duterte to veto a measure now awaiting his signature that imposes tighter controls on labor contracting and which would lapse into law sans any Executive action by the end of next week.