Retail T-bond sale set on Feb. 26
THE GOVERNMENT is looking to raise at least P30 billion from the sale of retail Treasury bonds (RTB) next week, the Bureau of the Treasury announced on Thursday.
Watchdog ups M&A reporting trigger
THE PHILIPPINE Competition Commission will raise next month the threshold values for required notification of mergers and acquisitions (M&As), according to a resolution posted on Thursday on the watchdog’s Web site.
Unofficial data show fiscal deficit breaching 2018 cap
By Melissa Luz T. Lopez, Senior Reporter
THE GOVERNMENT breached its deficit limit in 2018, as state spending shot past target to outpace the increase...
WB pushes 4.5% of GDP infrastructure spending
DEVELOPING COUNTRIES like the Philippines should invest more to improve living conditions and contribute to global efforts against climate change, the World Bank said.
Economic team wants 145 projects off poll ban
The EXECUTIVE branch will release funds this year according to state offices’ spending capacity despite Congress’ opposition to the scheme, Budget Secretary Benjamin E. Diokno said in a press briefing on Wednesday, adding that President Rodrigo R. Duterte’s economic managers have signed a request for the Commission on Elections (Comelec) to exempt 145 infrastructure projects from the 45-day ban on public works ahead of the May 13 mid-term elections.
PHL, Japan officials meet on infrastructure updates
PHILIPPINE officials are headed to Osaka this week for meetings with Japanese counterparts on plans for the new Bangsamoro region as well as infrastructure projects funded by official development assistance (ODA).
Tourism body gets 10 more years to offer perks
CONGRESS has ratified a measure extending the power of the Tourism Infrastructure and Enterprise Zone Authority (TIEZA) to grant incentives to tourism enterprises for another 10 years.
Malaysia nears deal with China to revive $20-B railway project
KUALA LUMPUR -- Malaysia is making progress in talks with China to revive a rail project that Prime Minister Mahathir Mohamad’s government said it would cancel, according to Foreign Minister Saifuddin Abdullah.
Moody’s cites risk to 2019 growth view
MOODY’S Investors Service sees a chance of even slower growth for the Philippines this year, with local construction works bogged down by budget delays and little support from subdued global demand.
January sees third straight month of BoP surplus, biggest in seven years
THE PHILIPPINES’ external position remained in surplus in January, the Bangko Sentral ng Pilipinas (BSP) reported on Tuesday, marking the biggest surfeit in six years amid sustained dollar inflows.
Cell phone number portability now a law
PRESIDENT Rodrigo R. Duterte has signed into law the Mobile Number Portability Act that allows cell phone users to switch networks without changing their numbers.
Vehicle sales off to weak start across categories
VEHICLE SALES slid 15% in January from a year ago, weighed down by reductions across categories, according to data released on Monday by the Chamber of Automotive Manufacturers of the Philippines, Inc. and the Truck Manufacturers Association.