Preliminary data showed that the country’s gross international reserves (GIR) level as of end-January 2018 slid marginally to US$81.2 billion from the end-December 2017 GIR of US$81.6 billion, Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla, Jr. announced today.1 At this level, the GIR represents more than ample liquidity buffer and is equivalent to 8.2 months’ worth of imports …

At its meeting on monetary policy today, the Monetary Board decided to maintain its policy rate, the interest rate on the Bangko Sentral ng Pilipinas (BSP’s) overnight reverse repurchase (RRP) facility, steady at 3.0 percent. The corresponding interest rates on the overnight lending and deposit facilities were also kept unchanged.

Risk-off sentiment overseas impacted on the Philippine Stock Exchange index (PSEi) and the peso Friday.

Construction of a 180-kilometer expressway stretching from southern Quezon to Camarines Sur will be auctioned to the private sector before the end of 2018, according to the Department of Public Works and Highways (DPWH).

The Department of Public Works and Highways (DPWH) is asking MPCALA Holdings Incorporated to fast-track construction of the Cavite-Laguna Expressway (CALAX), hoping to begin commercial operations by December 2018.

A super consortium that reportedly wants to rehabilitate and redevelop the Ninoy Aquino International Airport (NAIA) expects to partner with Changi Airports International (CAI) for the project.

Dubai airport in the United Arab Emirates was 2017’s world’s busiest for international passengers, four years running, with 88.2 million travelers, the UAE’s state news agency WAM said February 5.

Canada is reviewing a deal to sell 16 Bell helicopters to the Philippine military that would reportedly be used as attack planes against local insurgents, an allegation the Philippine government denied February 8.

Philippine Airlines (PAL) passengers traveling from the United States may avail of a faster security screening procedure, after PAL became part of the US Transportation Security Administration (TSA) PreCheck program.

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