Top News
Manila secures over P65 billion supplemental funding for infra, health projects from Tokyo
The government, led by Finance Secretary Ralph G. Recto, secured on Monday significant financial backing from Japan for critical infrastructure projects and key health and climate change initiatives during a high-level meeting held in Manila.
Construction approvals decline in January—PSA data
The Philippine Statistics Authority (PSA) has reported a 15 percent year-on-year decline in the number of construction permits approved in January to 12,526, a greater decrease from the 5 percent posted in December and an indication of a glut in supply.
PSAC proposes ROW office to accelerate infrastructure development
The Private Sector Advisory Council (PSAC) Infrastructure Sector has recommended the establishment of a right-of-way (ROW) office under the Office of the President to expedite the completion of major infrastructure projects in the Philippines.
Japan proves as Manila’s single-biggest source of ODA funds
Japan has proven as the country's top source of sub-market funding, more known as official development assistance or ODA loan, according to the Organization for Economic Cooperation and Development or OECD.
ROP global bond proceeds help push February BOP into surplus
In a notable reversal, the country's balance of payments (BOP), or what is left after the country's foreign currency denominated obligations are deducted from its earnings, reverted to a surplus of USD3.1 billion in February, contrasting sharply against the USD196 million deficit recorded in the same month last year.
