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DOTr won’t meddle in Makati Subway; says rail project LGU-private venture

The Department of Transportation is keeping its hands off on the impending modifications to the P125-billion Makati Subway project following the decision of the Supreme Court to transfer the 10 EMBO barangays to the jurisdiction of Taguig City.

Makati-Taguig dispute ‘hurts’ P125-billion subway project

Philippine Infradev Holdings Inc. said Wednesday it will discuss with City of Makati some modifications in the P125-billion intra-city subway project in view of a Supreme Court ruling that transferred certain city districts to the jurisdiction of neighboring Taguig City.

Salceda seeks to invigorate stock market with transaction cost cuts

The Philippines suffers from a stagnant equities market often ignored by wealth-chasing foreign investors mostly on account of cost considerations rather than on the quality of company stocks traded at the Philippine Stock Exchange (PSE).

“EO 39 a temporary construct vs. price manipulation”

The country’s leading economic minds on Tuesday said the price caps on the rice staple are temporary measures designed to combat cartelization, hoarding and other forms of price manipulation that serve the purposes of only a few vested interests.

MIAC pushes as one in winning the P171B NAIA rehab contract

Aboitiz InfraCapital Inc., as part of the consortium known as the Manila International Airport Corp. (MIAC), brushed aside on Monday notions that it will bid for the Ninoy Aquino International Airport rehabilitation project only for its own account.

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DA, SRA race to secure sugar industry input amid Middle East disruption

The government is moving to safeguard fuel and fertilizer supplies for the sugar industry as the sector enters the most resource-intensive phase of the harvest season.

Gov’t orders cut in airport fees to help lower air travel costs

Transportation Secretary Giovanni Lopez has directed the Civil Aviation Authority of the Philippines (CAAP) to reduce Passenger Service Charges (PSC) and airport navigation fees in airports operated by the agency.

Coffee costs clip Universal Robina profits

Universal Robina Corp., the listed food unit of the Gokongwei Group, posted modest revenue growth last year but saw profits ease as unusually high coffee input costs squeezed margins, highlighting how volatile commodity prices continue to challenge food manufacturers.

ASEAN ministers urge restraint in Middle East, shield region’s economy

Economic ministers of the Association of Southeast Asian Nations on Friday called for urgent de-escalation of tensions in the Middle East, warning that prolonged conflict could ripple across global energy markets and threaten Southeast Asia’s fragile economic recovery.

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