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 Bangko Sentral ng Pilipinas (BSP) is stepping up efforts to deepen the money market, expand capital market development, and improve cross-border payments to support economic growth and financial stability, BSP deputy governor Zeno Ronald R. Abenoja said at the 4th ASEAN+3 Economic Cooperation and Financial Stability Forum held in November in Hong Kong.
Under the merciless noon sun of Bangkok, Alex Eala didn’t just play tennis—she settled unfinished business 26 years in the making. The 20-year-old Filipino star dismantled Thailand’s Mananchaya Sawangkaew, 6–1, 6–2, to end the Philippines’ long gold-medal drought in women’s singles at the Southeast Asian Games.
Figaro Culinary Group is deepening its long-term growth play as it ramps up operations of Figaro Innovation and Development Inc. (FIDI), a wholly owned subsidiary designed to expand the Group’s food product pipeline, strengthen manufacturing capabilities, and lay the groundwork for future export markets.
Lawmakers are pressing the Department of Budget and Management (DBM) to finally clear nearly P4 billion in government arrears owed to two major automakers under the Comprehensive Automotive Resurgence Strategy (CARS), a move seen as critical to restoring investor confidence in the Philippines’ industrial policy.