Top News

Economic managers made a bold prediction to foreign investors in a Singaporean forum that the Philippines is slated to become Asia’s next economic powerhouse. 

The Department of Finance (DOF) said it appreciates the decision of the US government’s Millenium Challenge Corp. (MCC) to reopen a $434 -million (P2.17-billion) grant, but the conditions attached to it would have to be reviewed. 

Telecommunications companies in Southeast Asia need to invest more in spectrum and new services to meet the explosive data and bandwidth demand in the smartphone era, a new study from Standard & Poors (S&P) Global Ratings showed.

By Riza Lozada The Department of Energy (DOE) and the Consunji group’s Semirara Mining and Power Corporation (SMPC) made a pact to facilitate the development of a mine-mouth power plant in the province of Antique to ensure the acceleration of total electrification of the country. 

The Employers Confederation of the Philippines (ECOP) has expressed anew concerns over certain provisions in 25 pending House of Representatives bills tackling the issues of contractualization and workers’ security of tenure.

It is important to pass the new tax reform bill of the government as a package, according to a senior research fellow of government thinktank Philippine Institute for Development Studies (PIDS). 

By Riza Lozada A survey of top busi­nessmen in the country showed a unanimous positive economic outlook mainly as a result of the improved busi­ness climate.

Economic managers bared three flagship projects—the construction of a new termi­nal for Clark International Airport, the Mega Manila Subway System, and the Philippine National Railways (PNR) North and South rail lines—that President Duterte is banking to ease the local transportation problem.

The government hopes to raise P30 billion to help fund the planned massive rehabili­tation and reconstruction ef­fort for Marawi City through a bond float, Finance Secretary Carlos Dominguez III said. The Department of Fi­nance (DOF) has direct­ed the Bureau of Treasury (BTr) to study the possible issuance of debt securities.

While the Duterte administration has unveiled a 10-point socio­economic agenda early on in President Duterte’s term, the country’s largest business orga­nization, Philippine Chamber of Commerce and Industry (PCCI), said it wanted to see a more de­tailed plan on it.On the sidelines of the 2017 Sulong Pilipinas forum, PCCI President George Barcelon told reporters that the private sector would like to …