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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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PEZA, Oman target investments across four strategic industries

The Philippine Economic Zone Authority (PEZA) and Oman's Public Authority for Special Economic Zones and Free Zones (OPAZ) have identified four priority industries for deeper investment cooperation, as both countries seek to strengthen trade and position their economic zones as complementary gateways to regional markets.

Davao durian shipped to Oman in new trial export

The Department of Agriculture announced Tuesday that 56 boxes of Davao durian, weighing 1.08 metric tons and worth around P183,000 ($3,000), have been sent to Oman. The shipment from Engseng Food Products of Davao City is bound for Jeel Almaaly International in Al Dakhiliyah Governorate.

Petron net income drops 28% on high oil costs

Petron Corp. reported a 28 percent fall in first-half net income to P3.8 billion from P5.3 billion a year earlier, the company said Tuesday. The decline was mainly due to Middle East tensions pushing crude, import and freight costs higher. Dubai crude averaged $91 a barrel, up 27 percent year-on-year.

Singapore’s USEL eyes Philippine logistics, data center investments

Singapore-based Universal Success Enterprises Limited (USEL) is exploring investments in logistics parks and data centers in the Philippines, underscoring growing foreign interest in sectors benefiting from the country's expanding digital economy and infrastructure buildout.

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