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.
Jollibee Foods Corporation (JFC) is sharpening its logistics edge in the Visayas and Mindanao with the opening of a new food commissary in Guinsay, Danao City, Cebu—an investment that underscores the company’s long-term growth strategy and confidence in regional demand.
The Bureau of Internal Revenue (BIR) has filed criminal complaints before the Department of Justice against a major flood-control contractor over an alleged P48.39-million tax deficiency linked to a ghost project in Malolos City, Bulacan.
The Department of Agriculture (DA) said rice prices should remain stable even after the rice import ban ended last month, citing strong local production and adequate supply.
The Securities and Exchange Commission (SEC) has approved the direct public offering (DPO) of La Union Electric Co. Inc. (LUECO), making it the second company to register under the regulator’s streamlined rules for power generation and electricity service providers.