BoI approves 24% more committed investments in seven months to July
THE BOARD of Investments (BoI) approved 24% more committed investments at P312.8 billion in the seven months to July, with majority of the inflows going outside Metro Manila, the agency said on Tuesday.
Firms vie for a 3rd of oil, gas fields offered
SEVEN GROUPS have bid for areas offered for petroleum exploration by the Department of Energy (DoE) in a contracting round that seeks to revive efforts to find another Malampaya.
Filipino youth more ready than SE Asian peers to work abroad
MORE THAN half of Filipino youth want to go abroad to land jobs, while the Philippines had the smallest percentage of this segment saying they would like to stay in the country to work, according to an online survey covering six Association of Southeast Asian Nations (ASEAN) members which the World Economic Forum published on Aug. 16.
More companies close in on maiden share sale
COCONUT PRODUCTS manufacturer Axelum Resources Corp. and home improvement retailer AllHome Corp. are one step closer to launching their market debuts after securing clearance from the Securities and Exchange Commission for their initial public offering (IPO).
PHL external payment position turns around
THE COUNTRY’s external financial position turned around in July from the preceding month and a year ago, fueled by dollar inflows from the central bank’s foreign exchange operations and income from its investments abroad, the Bangko Sentral ng Pilipinas (BSP) said in a press release on Monday.
BSP setting up MSME credit risk database
THE CENTRAL BANK has been working to establish a credit risk database to help deserving micro, small and medium enterprises (MSMEs) tap funds.
Energy firm considering nuclear power facility in Tawi-Tawi, Sulu
SULU SEA Energy Resources Development Corp., a new entrant in the energy and petroleum exploration sectors, may well be the first local company to come forward under the present administration with plans to put up a nuclear power station.
Airline regulator drawing up penalties for ‘chronic delays’
THE CIVIL Aeronautics Board (CAB) is crafting a penalty scheme to punish airlines for “chronic delays.”
ADB pushes results-based lending scheme
WEST NUSA TENGGARA, INDONESIA -- “After 70 years of the freedom of Indonesia, we can finally understand its meaning... free from darkness,” said Wahidin, a village chief in the fishing community of Kwangko, which is among the beneficiaries of the Asian Development Bank’s (ADB) results-based lending (RBL) scheme that links disbursements of funds to achievement of target outputs in covered government programs.
PHL telcos seen to sustain revenue growth this year
FITCH Ratings expects the two major telco companies in the Philippines to book mid to high single-digit revenue growth for full year 2019, amid stabilizing competition between the two players.
LIPAD takes over operations of Clark airport
LUZON International Premier Airport Development Corp. (LIPAD) on Friday formally took over the operations and management of the Clark International Airport.
June remittances smallest in 9 months
MONEY SENT HOME by Filipino workers abroad slipped for the first time in 10 months and marked the worst performance in a year, according to data the central bank released on Thursday.