Economy

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.

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.

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).

The Board of Investments (BOI) focused on industries and jobs intensive industries under the released guidelines for the 2014-2016 Investment Promotions Plan (IPP).

By Riza Lozada Tata Motors Philippines is revving up its bid to become a leading passenger vehicle brand in the country with its Indian bestseller Indigo, which the carmaker claims to be among the most cost- and fuel-efficient cars in the market.

Riza Lozada The local credit card industry, which has been growing an average of five percent a year for the past 35 years, is aggressively pushing for implementation of the centralized credit information database as well as the national identification system to realize bigger growth rates.

Jerry Maglunog There is a clamor among officials of the Bangko Sentral ng Pilipinas (BSP) that they get immunity from suit during the painful process of putting a distressed bank under the receivership of the Philippine Deposit Insurance Corp. (PDIC).

Riza Lozada Financial literacy will have to be inculcated in the minds of Filipinos to achieve a secured future, Sen. Sonny Angara said.

The Philippine Stock Exchange (PSE) reported its 2014 net income grew by 2.7 percent to P867.55 million from P844.77 million a year ago.

A bigger proportion of the population or about one in every four Filipinos were considered poor in the first half of 2014 due to government restrictions on rice imports and the lingering effects of a killer typhoon, state data released last Friday showed.