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.
The Philippine Coconut Authority (PCA) has approved the use of CropGuard, a locally developed pesticide by Chemrez Technologies Inc., as an alternative treatment for coconut scale insect (CSI), or cocolisap, signaling a shift toward more sustainable pest control policies.
The Department of Energy (DOE) has conducted a reconnaissance survey in Zambales and Pangasinan preparatory to crafting the country’s first native hydrogen exploration service contracts. The effort is a critical step in positioning hydrogen as a resource in the country’s clean energy transition, particularly through co-firing with natural gas to reduce emissions.
The Department of Agriculture (DA), in collaboration with the local government, launched the “Benteng Bigas, Meron na!” in Guimaras, expanding the reach of the affordable rice initiative of President Ferdinand Marcos Jr. to vulnerable sectors in the island province.
BPI Wealth, the asset management arm of Ayala-led Bank of the Philippine Islands, has introduced the BPI Global Bond Income Fund, aiming to provide Filipino investors with consistent monthly income through global fixed income investments.