The government is preparing the terms of reference for the plan to bid out to the private sector the operations of the Ninoy Aquino International Airport, the main gateway to the Philippines.
The Philippines has chronically underspent for public infrastructures like roads and railways for decades and the hope is for state spending to ramp up under incumbent President Ferdinand R. Marcos Jr., experts told the Manila-based Asian Development (ADB).
It will be a year of controversy. Under-the-table deals and other hanky-panky will be revealed. Partners (personal, business, political, etc.) will be biting each other in the back. Secrets will be exposed. Syphoning off of funds will be uncovered. State witnesses will abound, not just in the Philippines, but worldwide.
From January 23 to 27 the economic managers will again engage business leaders, bankers and investors from Frankfurt, Germany ,and London, United Kingdom, which are known as centers of trade and finance.
The policy making Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) on Friday allowed the maximum interest on credit card transactions to rise a full percentage point to 3 percent a month from only 2 percent.
In celebration of the 68th birthday of President Ferdinand Marcos Jr. today, the government is rolling out a special, one-day offering of P20 per kilo rice through his flagship food security initiative, “Benteng Bigas, Meron Na!” (BBM Na!), potentially benefitting more than 350,00 Filipinos.
Manila Water Infratech Solutions (MWIS), a non-East Zone unit of Manila Water, has successfully deployed its iTECH Packaged Sewage Treatment Plant (STP) in two major sectors: quick-service restaurants (QSRs) and aviation.
The Bank of the Philippine Islands (BPI), a member of the Ayala Group, has pledged its support for the Department of Environment and Natural Resources–Forest Management Bureau’s (DENR-FMB) “Forests for Life: 5 Million Trees by 2028” program. The initiative aims to plant at least five million indigenous forest trees across the country from 2025 to 2028.