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Daily Archives: December 3, 2017

Philippines starts repo mart amid infra buildup

By Luis Leoncio The government has started its repurchase market which is envisioned to further strengthen the domestic capital market.

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Business turns upbeat for Q4

By Riza Lozada Business sentiment turned more upbeat for the fourth quarter, with the Bangko Sentral ng Pilipinas (BSP) overall confidence index (CI) rising to 43.3 percent from 37.9 percent in he previous quarter indicating the number of optimists increased, the results of the BSP Business Expectations Survey released yesterday showed.

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Metrobank slapped penalties over fraud

By Riza Lozada Metropolitan Bank and Trust Company (MBTC), one of the biggest banks in the country has been sanctioned including setting aside a P4.45 billion provision over alleged fraud by one of its executives.

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Train passes Senate, moves to bicam meet

By Riza Lozada The crucial Tax Reform for Acceleration and Inclusion Act (Train) bill was approved 17-1 by the Senate that sent it to the bicameral conference committee before finally submitted to President Duterte for signing.

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Manufacturing growth seen to breach 10%

By Riza Lozada The local manufacturing industry’s growth is expected to exceed 10 percent next year.

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‘Laser blasters’ being developed for fighter jets

Laser blasters and other energy-based weaponry are commonly found in science fiction works like “Star Wars” and “Star Trek”. But it looks like engineers want to make it a reality for fighter jets.

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Sumitomo, Mitsubishi back as MRT3 maintenance providers

Japan and the Philippines are signing a government-to-government agreement before the year ends that will pave the way for Sumitomo Corp. and Mitsubishi Heavy Industries to take over the maintenance works for the Metro Rail Transit Line 3 (MRT 3).

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New configuration A330-800 starts final assembly

Final assembly of the newest member of the A330 NEO Family, the A330-800, has started and is on track for the first flight planned in mid-2018.

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China Airlines takes delivery of A350 powered with biofuel

China Airlines of Taiwan has become the second airline to join a programme to use a blend of traditional and sustainable biofuels to power aircraft for delivery flights from Airbus.

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Jeepneys to get upgrades

Manila’s iconic passenger jeepney, once regarded “King of the Road,” is headed towards change and uncertainty.

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