Home / Business / Economy (page 3)

Economy

PPP designed for wealthy conglomerates only, data show

By Jerry Maglunog There are plenty of big-ticket projects in the Philippines that cost billions of pesos, and only the giant conglomerates can complete them. These projects are those classified as public-private partnerships (PPP), the battlecry of the Aquino administration seemed to decrease severe lack in public infrastructure ranging from expressways, ports, roads, bridges and airports.

Read More »

Questions raised on plan to bid out the Met

Exclusive By Riza Lozada The Government Service Insurance System (GSIS) set a minimum bid price of P267.15 million for the 7,633.1-square-meter Metropolitan Theater (the Met), a price which barely matched what the National Commission for Culture and Arts (NCCA) said was needed just for the rehabilitation of the heritage structure.

Read More »

ICTSI opens one-stop shop in Subic

International Container Terminal Services Inc.’s (ICTSI) Subic Bay Freeport unit, Subic Bay International Terminal Corp. (SBITC), in partnership with the Subic Bay Metropolitan Authority (SBMA) and the Bureau of Customs (BOC), recently opened a one-stop shop (OSS) to fast-track documentary transactions in Subic Bay’s container terminals. Cabinet Secretary Rene Almendras led the launch of the OSS, together with SBMA Chairman and Administrator …

Read More »

Neda cites urgent need for agri infra infusions

The National Economic and Development Authority (Neda) stressed the need for better land governance and increased infrastructure investments in agriculture and rural areas, as these remain critical for productivity, job generation, and poverty reduction in many parts of the Philippines.

Read More »

Revenue push fueled lobby versus Sevilla

By Riza Lozada The resignation of former Bureau of Customs (BOC) Commissioner John Phillip Sevilla was both controversial and an eye-opener for the business sector, as his departure was considered the result of industry groups resenting the aggressive BOC thrust to hike revenues lobbying against him.

Read More »

Asean needs to do more to hit MDG goals–Neda

Association of Southeast Asian Nations (Asean) members need to go beyond commerce and financial assistance to address factors that impede the achievement of the Millennium Development Goals (MDGs) as well as post-2015 development priorities, according to the National Economic and Development Authority (Neda).

Read More »

Red tape still a PHL turnoff

By Jerry Maglunog Accolades about the Philippines are being peddled by government drumbeaters to convince the public that the economy is growing and investors are investing their money in the country.

Read More »

Education, competitiveness projects in Neda pipeline

By Riza Lozada Education and competitiveness enhancement projects are among those being considered for official development assistance (ODA) financing, National Economic and Development Authority (Neda) data showed.

Read More »

Complex problems remain at Manila ports–PIDS study

The seven month-long truck ban last year in Metro Manila cost the national economy around P43.85 billion, but while the country’s leaders insist that the operation has normalized in the ports since last February, complex problems with port congestion and underutilization remains, a recent policy note released by state think tank Philippine Institute for Development Studies (PIDS) said.

Read More »

Don’t gamble on airport business in the Philippines–Caap

By Jerry Maglunog There are 82 airports in the Philippines, but only less than 10 are earning, according to the Civil Aviation Authority of the Philippines (Caap).

Read More »