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Gov’t abolishes 7 more dormant state enterprises

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President Aquino has ordered the closure of seven “non-performing and dormant” subsidiaries of government-owned and -controlled corporations (GOCCs).

Posted: October 23rd, 2014 in Headlines | Read More »

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 »

To bypass problems, gov’t may build CALAx itself

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Cavite-Laguna Expressway Route Map   PHOTO from www.dpwh.gov.ph

The government is considering a new strategy to resolve the hotly contested $864-million Cavite-Laguna Expressway (CALAx) project: Remove the infrastructure project from the public-private partnership (PPP) program and build the tollroad itself.

Posted: October 17th, 2014 in Latest Business Stories | Read More »

Gov’t eyes overseas bond issuance

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The Philippines plans to return to the offshore bond market, Finance Secretary Cesar V. Purisima said on Thursday.

Posted: October 17th, 2014 in Headlines | Read More »

Bangko Sentral looks to strong institutions with fair policies

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Strengthening institutions that will implement policies fairly and with regularity will be key to cementing the country’s economic development that the current government has worked hard to achieve, the Bangko Sentral ng Pilipinas (BSP) said.

Posted: October 3rd, 2014 in Editor's Pick,Headlines | Read More »

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