Study finds Philippines’ talent competitiveness eroded
THE PHILIPPINES’ ability to develop, attract and retain highly skilled professionals worsened in 2018 due to a persistent job-skills mismatch despite increasing investments in education, according to the annual survey of Switzerland-based business school International Institute for Management Development’s (IMD) research arm.
UA&P sees GDP growth picking up next year
THE PHILIPPINE ECONOMY could grow faster in 2019 on the back of strong investments and spending related to the midterm elections, while slower inflation should help prod household consumption.
Bank ratings seen ‘stable’ for next year
PHILIPPINE BANKS’ debt ratings will remain “stable” over the coming year, propped up by an ample capital base and strong loan growth despite rising interest rates, Moody’s Investors Service said in a report on Monday.
Gov’t formally names Mislatel 3rd major telco
THE GOVERNMENT on Monday declared as the country’s third major telecommunications service provider the Mislatel Group of China Telecommunications Corp., Dennis A. Uy’s Udenna Corp. and Chelsea Logistics Holdings Corp., as well as franchise holder Mindanao Islamic Telephone Company, Inc. (Mislatel), almost two weeks after it was announced provisional winner for completing the selection process.
A glimpse of the beginnings of a growing empire
DAVAO CITY -- Dennis A. Uy’s Udenna Group of Companies has pending proposals for two major infrastructure projects in Davao City: a P30-billion monorail that already has a stamp for Original Proponent Status from the Department of Transportation, and the development and management of the Davao International Airport under an unsolicited 30-year private-public partnership contract.
Moody’s unit sees ‘strong’ GDP growth
SLOWER INFLATION would help ensure that the Philippines can maintain above-six percent economic growth in the coming years, Moody’s Analytics said, amid signs that price pressures are now finally easing.
QC realty tax hike suspension bags 1st OK
A PROPOSAL to suspend until after 2019 implementation of the Quezon City (QC) ordinance that increases real property fair market values has secured committee approval, a senior local official said on Sunday.
Jakarta toughens rules on repatriating revenues from resource exports
JAKARTA -- Indonesia’s government is tightening requirements to force companies to repatriate revenue from the export of natural resources, a minister said on Friday, as authorities seek to support a fragile rupiah currency.
Environment dep’t affirms, eases miners’ sanctions
THE DEPARTMENT of Environment and Natural Resources (DENR) has affirmed its decision to close two mining projects and reject the application for a permit of another that are among the 13 that appealed to DENR sanctions announced in February last year.
October sees smaller hot money net outflow
FOREIGN PORTFOLIO investments continued to leave the Philippines in October, although the net outflow that month was far less than a year ago and in September, the Bangko Sentral ng Pilipinas (BSP) said on Friday.
NEDA official downplays inflation impact of election spending
INFLATIONARY PRESSURES from election-related spending in 2019 will likely be muted, the National Economic and Development Authority (NEDA) said.
BSP raises rates in ‘proactive’ move
THE CENTRAL BANK fired off a softer rate increase yesterday as policy makers saw the need for preemptive action amid global uncertainty, and as price expectations remain elevated back home.
