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Government plans privatizing LRT 2, MRT 3 operations and maintenance in 2025
The Department of Transportation (DOTr) on Tuesday bared plans to privatize the operations and maintenance of Metro Rail Transit Line 3 and Light Rail Transit Line 2 as soon as the lease contract on one of them expires next year. Their proponents, the DOTr said, will be entertained through a bidding process.
Cebu Air accepts resignation of Frederick Go as director, names cousin David Go as replacement
Listed airline Cebu Air Inc. announced Monday the resignation of Frederick Go as director of the board of the country's largest budget carrier flying under the brand name Cebu Pacific.
Food price pressure seen still elevated in Metrobank inflation forecast
Food-driven price pressures figure high in some of this year's inflation forecasts, such as that seen by the Metropolitan Bank and Trust Co. (Metrobank) which has retained its original 4.3 percent inflation print in 2024.
NG debt service brought down GIR by $500 million
The country’s gross international reserves (GIR), a measure of capacity to pay for foreign loans and external trade obligations, stood at USD102.5 billion, the...
Economic managers remain vigilant over inflation risks despite December deceleration
Inflation in December decelerated to 3.9 percent, its slowest pace since February 2022, but economic managers remain on their toes, with risks posed by El Nino weather event on prices agricultural commodities, particularly rice.
