Malacañang has issued an order suspending the implementation of a resolution by the Department of Public Works and Highways (DPWH) to disqualify conglomerate San Miguel Corp. from the controversial bidding for the Cavite-Laguna Expressway (Calax) project under the public-private partnership (PPP) framework.
The European Union remains committed to pour in foreign investments to the country in the areas of trade, energy, governance, urbanization and migration, a Malacañang official said.
The Philippine government has retained the incentives granted for 13 key industries under the newly approved 2013 Investment Priorities Plan, according to a Malacañang memorandum published in newspapers Wednesday.
By coming to the World Economic Forum for the first time, President Aquino is seeking more investors and tourists to come to the Philippines in order to create more jobs and sustain the country’s economic momentum beyond his term as chief of state.
PRESIDENT Aquino has approved P32.3 billion in additional spending this year, including the infusion of P20 billion in much-delayed equity into the Bangko Sentral ng Pilipinas, Budget Secretary Florencio B. Abad said. This leaves Malacañang a balance of P10 billion to complete its P50-billion capital infusion into the central bank. “A stronger and more [...]
