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Fast-track LRT-2 deal post-award process, gov’t urged

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LRT Line 2. PHOTO FROM LRTA.GOV.PH

The government was urged to fast-track the post-awarding process for the contract to operate and maintain Light Rail Transit Line 2, as the original timeline placed the turnover during the term of the next administration.

Posted: October 22nd, 2014 in Editor's Pick,Headlines,Latest Business Stories | Read More »

Rising household debt poses risks to growth of SE Asian economies

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The continued rise in the levels of household debt held by Southeast Asian banks, which are now under pressure due to rising interest rates, may lead to a deterioration in consumer confidence that could lead to slower growth in the region.

Posted: October 21st, 2014 in Editor's Pick,Headlines | Read More »

Capital requirements on banks raised

A new rule that would make it more expensive for banks to expand their branch networks has been approved by the Philippine central bank.

Posted: October 21st, 2014 in Headlines | Read More »

PH economic growth in 2014 expected to fall short of target

Philippine economic growth this year is expected to fall short of the state’s target amid the slump in government spending and the slower-than-expected performance in the first three months of the year.

Posted: October 21st, 2014 in Headlines | Read More »

Neda chief seeks increased support for small farmers

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Small farmers in the Philippines and elsewhere in Asia need “greater support and opportunities” for them and their larger communities to rise out of poverty, according to National Economic and Development Authority (Neda) Director-General and Socio-Economic Planning Secretary Arsenio M. Balisacan.

Posted: October 21st, 2014 in Headlines,Latest Business Stories | Read More »

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