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.
A book launch usually ends with signed copies, photo opportunities and polite applause. This one did something more valuable. It turned into a brainstorming session on one of the Philippines' biggest creative exports, stories that can cross borders without leaving their Filipino identity behind.
Alex Eala booked the biggest final of her young career in emphatic fashion, sweeping four-time Grand Slam champion Naomi Osaka, 6-4, 6-2, on Sunday to reach her first-ever WTA 500 championship match at the Mubadala DC Open.