This sickening episode, this nasty quarrel between the Aquino (Part II) administration and the Supreme Court, may no longer be about scoring points in the court of public opinion. To the guys down here in my barangay, the administration already won the game. Of course, the excellent showing of our leader Benigno Simeon (aka BS) [...]
The national government posted a budget deficit of P21.26 billion in October amid continued growth in revenues, while a belated push in expenses started to kick in. October spending brought the budget deficit for the first 10 months of the year to P74.25 billion, barely a quarter of the P300 billion intended spending in excess [...]
CLARK FREEPORT—Megaworld Corp.’s upcoming 550-hectare leisure complex here and in nearby Sacobia would create 30,000 jobs, its chairman and chief executive officer Andrew Tan said Tuesday. Megaworld, a property development company, is investing P7 billion in the project, Tan said after signing a development contract with state-run Clark Development Corp. (CDC). The memorandum of agreement [...]
The Development Bank of Singapore expects the Philippine economy to grow this year by only 3.6 percent, after the government reported that the increase in gross domestic product in the third quarter was worse than expected. In its latest research note, DBS said the 3.2-percent growth in the July-September quarter brought GDP expansion to 3.6 [...]
The local stock market has entered the final month of the year uncertain of whether it will experience the traditional holiday season runup, given lingering concerns in the eurozone and disappointing local economic prospects. While the Philippine Stock Exchange index has surged over the last two years, this year has been a roller-coaster ride and, [...]
Australian firm Otto Energy Ltd. is planning to drill as many as four new wells in four potentially oil-rich locations within the Galoc oil field off Palawan. The plan is aimed at increasing the reserves and extend the life of the field. In his presentation at the World Independent Junior Oil and Gas Congress Asia [...]
Information technology firm Touch Solutions Inc., which will debut on the Philippine Stock Exchange this month, plans to expand in Southeast Asia and develop cloud computing business applications in the next two years. TSI is raising P99 million from an initial public offering to be held from December 6 to 12, with listing on the [...]
Asian markets mostly slipped on Wednesday following two days of gains as eurozone finance chiefs struggled to boost the financial firepower of a bailout fund for the debt-ridden region. While they were unable to increase the European Financial Stability Facility’s war chest to the hoped-for one trillion euros ($1.3 trillion), they did give it new [...]
The Philippine Constructors Association is seeking government support to improve the quality of education in engineering discipline and to make quality education accessible to more people, especially those eyeing careers in the construction industry. According to PCA, high-quality education programs are essential in producing construction professionals who can compete with the best in the world. [...]
AirAsia boss Tony Fernandes has slammed Malaysian airport authorities after they announced costs for a new low-cost carrier terminal would double and it would be delayed by more than a year.
The bond markets of emerging economies in East Asia, which includes the Philippines, collectively grew in the third quarter as demand for the region’s securities remained steady even with the global uncertainties triggered by the debt crisis in the eurozone.
The Japan International Cooperation Agency (JICA) is to turn over to the Philippine government on Thursday an updated study and a set of recommendations to develop the Philippine natural gas industry, a program seen to help secure the country’s energy future.
