Top News

Energy deals boom amid robust growth

By Riza Lozada  Energy projects are starting to boom in anticipation of higher electricity demand as the economy pursues a steady growth. 

Read More »

Manila gets timely help on easing traffic jams

Singapore will provide assistance to the government in implementing solutions that will ease the traffic congestion in Metro Manila through the use of modern technology. 

Read More »

Germany eyes stronger relations with Philippines —envoy

By Gia Catimbang  The Federal Republic of Germany wants a stronger partnership with the Philippines to benefit the Filipinos through increased trade, technology transfer and more investments.

Read More »

WB to ramp up support for Mindanao projects

The World Bank Group vowed to scale up support for peace-building and development in Mindanao as part of the midterm adjustment of its country partnership strategy. 

Read More »

BSP honors Philippine heroes via coins

The Bangko Sentral ng Pilipinas (BSP) will issue commemorative circulation coins in celebration of the 100th birth anniversary of educator and historian Reverend Horacio dela Costa, and the 150th birth anniversaries of two Philippine Revolutionary Army officers, Generals Artemio Ricarte and Isidro Torres.

Read More »

Marawi crisis, martial law cut optimism

By Riza Lozada  The Marawi City crisis and martial law in Mindanao were among the factors cited for a dip in business sentiment for the third quarter, according to the periodic Business Expectation Survey of the Bangko Sentral ng Pilipinas (BSP).

Read More »

Government sees collecting P25 billion after Mighty sells to JT

The government expects to collect soon a P25-billion compromise deal with domestic cigarette maker Mighty Corp. over unpaid taxes as a result of Japan Tobacco International’s (JTI) acquisition of the local firm in a P50 billion deal. JTI, which is partly owned by the Japanese government, has sealed the deal to acquire cigarette manufacturer Mighty Corp. for P45 billion, of …

Read More »

Weak peso even benefits economy, says Espenilla

The weak peso helped local products to regain their price competitiveness in the world market, consistent with the government’s investment and export-led growth strategy, Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. said.

Read More »

ADB earmarks P190B for massive infra bid

By Luis Leoncio  The Asian Development Bank (ADB) has allotted nearly $4 billion (P200 billion) to bankroll infrastructure spending under President Duterte, which is expected to reach P1.5 trillion until 2022 when Mr. Duterte’s term ends.

Read More »

Razon now 3rd richest in Forbes list; Tan, 4th

Businessman Enrique K. Razon jumped to the third richest man in the country after successes in his drive to expand globally his port operating business, overtaking perennial third placer taipan Lucio Tan, the 2017 Forbes Philippines Rich List showed Razon, Chairman of International Container Terminal Services, saw his wealth rise by $800 million from $3.5 billion to $4.3 billion this …

Read More »