The budget deficit projected this year to equal 6.1 percent of local output measured as the gross domestic product (GDP) is seen steadily diminishing over five years when it rounds the period to only 3 percent of GDP, the Development Budget Coordination Committee (DBCC) said.
Britain's national grid has started removing components supplied by a unit of China-backed Nari Technology's from the electricity transmission network over cyber security fears, the Financial Times reported on Sunday.
Stores Specialists, Inc., a wholly-owned subsidiary of listed SSI Group Inc., has taken a 40 percent stake in PRADA Philippines Inc., a joint venture...
The National Irrigation Administration (NIA) has accelerated the completion of big-ticket projects, starting with the P1.276-billion Balbalungao small reservoir irrigation project (SRIP) in Lupao, Nueva Ecija.
Improved national infrastructure and enabling policies, supported by digital banking, can help speed up access to financing for micro, small and medium enterprises (MSMEs), Maya Bank president Angelo Madrid said at the Money20/20 Philippines Summit.
The Department of Agriculture (DA) is stepping up efforts to boost exports of other high-value food crops by replicating the strategies that helped revive the country’s banana industry, which posted strong export growth last year.
Calbayog Airport in Samar is now ready to handle jet aircraft, a development expected to improve domestic air travel and help lower airfare, the Department of Transportation (DOTr) said.
Eastern Communications has partnered with Shangri-La Mactan, Cebu, to provide the resort with high-speed internet and advanced ICT solutions. The telecom company will deliver 1,000 Mbps through its Internet Direct Service (IDS), a dedicated connection designed for large enterprises, ensuring reliable and stable connectivity for both guests and resort operations.