CEBU CITY – The Cebu Port Authority (CPA) on Friday, Dec. 9, reported the completion of a major seaport development project. The project with a total budget of P80.8 million sourced from the CPA Corporate Budget involves the repair and expansion of the RC Deck inside the Cebu Baseport at the back...
The Chamber of Commerce of the Philippine Islands (The Chamber) has recommended an in-depth analysis and evaluation of what it called as similar sovereign wealth funds (SWFs) existing in the country to help in coming up with a decision on the proposed Maharlika Wealth Fund (MWF). In a statement,...
The Department of Budget and Management (DBM) signed an agreement with three authorized government servicing banks for the implementation of the online release of notice of cash allocation (NCA). In a statement, Budget Secretary Amenah F. Pangandaman said the DBM signed the memorandum of agreement...
The country’s exports could possibly reach $240.5 billion by 2028, more than double the $113-billion level expected this year, by lifting the land ownership ceiling for agricultural investors, attracting major global players, scaling up exports of primary products, and integration of all players...
Local share prices fell after the previous day’s spike after weakness i US markets prompted investors to take profits. The main index lost 149.22 points or 2.24 percent to close at 6,525.16 as the Property sector led the retreat although the Services and Mining and Oil counters managed to stay...
President Ferdinand “Marcos” Jr. has called on businessmen in the country to invest in education and research and development (R&D) to boost the local industries. Speaking at an event in Pasay City on Tuesday, Marcos made the call as he noted that the country’s dependence on imported...
Trade and Industry Secretary Alfredo E. Pascual has signed the Implementing Rules and Regulations (IRR) of Republic Act (RA) No. 11904, otherwise known as the Philippine Creative Industries Development Act (PCIDA), boosting the domestic creative industries’ development to achieve its full...
The local stock market ignored the high November inflation rate amd surged on positive news overseas. The main index jumped 232.25 points or 3.61 percent to close at 6,674.38 as Conglomerates led the rally. Volume improved to 582 million shares worth P6.04 billion as gainers beat losers 100 to 81...
The Development Budget Coordination Committee (DBCC), an inter-agency body tasked to set the government’s macroeconomic assumptions, assured that the planned sovereign wealth fund will have enough safeguards. Budget Secretary Amenah F. Pangandaman, who chairs the DBCC, assured that enough...
PH can sustain growth momentum—NEDA By Chino S. Leyco The National Economic and Development Authority (NEDA) is confident that the country’s growth momentum will be sustained driven by robust domestic consumption following the prolonged pandemic. In a statement on Tuesday, Dec. 6, Socioeconomic...
The Asian Development Bank (ADB) said it will fund the upgrade and modernize the Philippines’ technical and vocational education and training (TVET) system to make it more responsive to new labor demands. In a statement, the Manila-based multilateral institution said the ADB approved a $100...
The National Development Company (NDC), the government investment arm attached to the Department of Trade and Industry (DTI), said it is currently exploring collaborations for potential investments in the establishment of a fill and finish facilities, and eventually bulk vaccine production plants....
