Top News

Power generation seen as major investment draw in next administration

By Jerry Maglunog  Power generation is seen to become the major investment draw in the next administration, as the growing economy copes with an increased demand for electricity. 

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World Bank: Financial inclusion still a dream in the Philippines

Only 20 million out of 100 million Filipinos earn enough to save money, and only 10 million, or 10 percent of the population, own bank accounts. 

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Chiz slams Congress for kowtowing to Aquino

Sen. Francis “Chiz” Escudero has assailed fellow legislators for kowtowing to Malacañang in the performance of their mandated task of legislation. 

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Jollibee buys into $100-B burger market in US

By Lito U. Gagni Jollibee Foods Corp. (JFC) has embarked on an overseas expansion strategy to boost its profitability ratio, which went down when it absorbed higher operating costs and cut its product offerings by up to 10 percent. 

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Reforms began with GMA, not Aquino, says Moody’s

By Luis Leoncio  The sound fiscal reforms that had improved the economic stature of the Philippines started during the term of President Gloria Macapagal-Arroyo, Moody’s Investors Service said in its latest report on the country. 

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Guessing game on for new BSP governor

By Jerry Maglunog  A guessing game has started on who would succeed Amando Tetangco Jr. when his second and last term as Bangko Sentral ng Pilipinas (BSP) governor ends on July 3, 2017. 

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President tells Forbes media overblowing Phl problems

By Riza Lozada  As is his wont, President Aquino again blamed the Philippines media for sensationalizing and blowing out of proportion much of the country’s problems under his administration. In the “A Meeting of Minds” dialogue with Forbes Media Editor-in-Chief Steve Forbes at the closing of the 15th Forbes Global CEO Conference in Manila, Mr. Aquino was asked about his …

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SC favors BSP in case vs Go’s Gotesco group

The Bangko Sentral ng Pilipinas (BSP or Bangko Sentral) scored a victory in a long legal battle as the Supreme Court (SC) ruled in its favor in its case against Orient Commercial Banking Corp. (OCBC), Jose C. Go and corporations connected with him—Gotesco Properties Inc.; Go Tong Electrical Supply Inc.; Ever Emporium Inc.; Ever Gotesco Resources and Holdings Inc.; Gotesco …

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‘Underspending slowed Philippine economic growth’

By Luis Leoncio  Had the Aquino administration not scrimped and spent the annual budgets as stipulated in the General Appropriations Act, the economy could have grown from 8 percent to 10 percent, which was what was required to eliminate poverty in the country, according to noted economist Dr. Bernardo M. Villegas. 

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Ang: Power, cement to be SMC’s major profit sources

By Jerry Maglunog  Asian conglomerate San Miguel Corp. (SMC) has identified power and cement as its major growth drivers in the growing Philippine economy. SMC President Ramon S. Ang said SMC is spending $800 million to build two new cement plants in Pangasinan and Quezon.

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