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DOTr finally rolls out single-stage bid process for NAIA
The government on Wednesday rolled out a single-stage bidding process to rehabilitate, optimize and maintain the Ninoy Aquino International Airport (NAIA), the country's main international gateway.
Balisacan: Farmers suffer if government cuts rice price to P20/kilo
Socioeconomic Planning Secretary Arsenio Balisacan said Wednesday the government could drastically bring down rice prices but warned that millions of rice farmers would be adversely affected if productivity stays at current levels.
BSP retains caps on credit card transactions
The policy-making Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has kept the maximum charge on the unpaid credit card balances unchanged at 3 percent a month.
Budget department wants government Procurement Act updated
The Department of Budget and Management unveiled on Tuesday a proposal to update the 20-year-old procurement law to help speed up government spending and bolster economic activity.
BOP deficit reverses to seven-month surplus of $2.21 billion
The Philippines in July this year continued to report far more foreign currency-denominated expenses than earnings although the shortfall, the Bangko Sentral ng Pilipinas (BSP) said, has sharply diminished on both annual and monthly basis.
