The Philippines’ balance of payments (BOP) swung to a $298-million deficit in May, a reversal from the billion-dollar surplus a year ago, as the government drew down its dollar reserves to pay foreign debts. Data from the Bangko Sentral ng Pilipinas (BSP) showed that the country’s BOP, which...
Alliance Global Group Inc. (AGI), the investment holding company of tycoon Andrew Tan, is expanding its leisure and hospitality businesses under During the firm’s annual stockholders’ meeting, AGI Chairman Tan said that, “leveraging AGI 's unrivaled land bank, we are building even more...
President Marcos is open to discussions on the Philippines ' return to the International Criminal Court (ICC), Malacañang said. However, it is not yet being discussed. “Sa aking palagay, opo, at kaya lang hindi po ngayon napag-uusapan ang bagay na iyan. Pero sa mga ganitong suggestion,...
Senator Christopher “Bong” Go reiterated on Thursday, June 19 his call for the return of former president Rodrigo Duterte back to the Philippines noting it has been 100th day since his arrest and detention at the Hague in the Netherlands. “Hindi tayo titigil sa panawagan natin (We will not...
DAVAO CITY – Davao City first district Rep. Paolo Duterte marked on Thursday, June 19, the 100th day since his father, former President Rodrigo Duterte, was detained at The Hague in the Netherlands under international charges still pending legal resolution. Rep. Duterte criticized the former...
Aboitiz Construction has diversified into the business of providing maintenance services to the Aboitiz Group’s airport and property units, in order to expand its portfolio beyond construction to long-term operations and asset upkeep. In a statement, the firm announced that this new business...
DAVAO CITY – Davao City first district Rep. Paolo Z. Duterte strongly criticized an opposition bloc for allegedly warning foreign governments against accepting his father, former President Rodrigo R. Duterte, should his request for interim release be granted. In an issued statement on Monday...
The Philippines climbed one spot in this year’s edition of the World Competitiveness Ranking by the Switzerland-based International Institute for Management Development (IMD), on the back of strong economic performance, while still being among the worst performers in the Asia-Pacific region. The...
DAVAO CITY – Vice President Sara Duterte backs the request filed by the legal team of former President Rodrigo Duterte seeking interim release from detention by the International Criminal Court at The Hague, Netherlands due to health concerns over the former leader’s age. In a press briefing...
The Clark International Aviation Campus, envisioned as a modern aviation school with state-of-the-art facilities, is set to rise within the Clark Aviation Capital (CAC), potentially contributing up to 13 million jobs by 2038. In a statement on Monday, June 16, the Clark International Airport Corp....
Manila-based Asialink Finance Corporation (AFC) has secured a ₱120-million credit line from Taiwan-based Mega International Commercial Bank Co., Ltd. (Mega ICBC), a partnership aimed at expanding financing to the country’s micro, small, and medium enterprises (MSMEs). “With this additional...
New NAIA Infra Corp. (NNIC) is set to reorganize the terminal assignments of foreign and domestic carriers following the completion of the Ninoy Aquino International Airport (NAIA) Terminal 5 to improve efficiency. Manila International Airport Authority (MIAA) General Manager Eric Ines said the...
