Category : Headlines

PNR Malolos-Clark segment generated 7,000 jobs --DOTr

The Division of Transportation (DOTr) stated Saturday that the construction of the Philippine Nationwide Railways Clark Part 2 venture or the Malolos, Bulacan to Clark, Pampanga line opened hundreds of job alternatives.

Concepcion warns airline sector at risk of crashing if mobility restrictions not eased

Presidential Adviser for Entrepreneurship Joey Concepcion on Saturday warned that the financial viability of the nation s airline sector was susceptible to crashing if stringent travel necessities were not relaxed.

Gov't adviser hopes for increase in 10% dine-in, personal services capacity for vaccinated

Presidential Adviser for Entrepreneurship Joey Concepcion hoped that the allowed venue capability in dine-in and indoor personal care providers catering to vaccinated clients would improve because the pilot check for the Alert Degree system for COVID...

Philippine payments position yields lower surplus in Q2 --BSP

The Philippines stability of funds (BOP) position saw a surplus in the second quarter of 2021, albeit lower year-on-year, on account of wider trade deficit recorded in the course of the period, the Bangko Sentral ng Pilipinas (BSP) reported on Friday...

BSP scores P41.3-M grant from AFD to promote financial inclusion

The Bangko Sentral ng Pilipinas (BSP) on Thursday stated it inked a P41.Three-million grant facility agreement, equivalent to 700,000 euros, with the Agence Française de Développement (AFD) to boost monetary inclusion efforts throughout the country.

Construction sector leads in net job generation for 2021 --DOLE

Extra opportunities are available at the development business as it led the sectors which have internet employment era of 100,000 or extra for 2021, the Division of Labor and Employment (DOLE) stated Thursday.

BIR probes initial 250 social media influencers

Citing a BIR report to Finance Secretary Carlos Dominguez III, the Department of Finance (DOF) stated Wednesday the BIR has already issued Letters of Authority (LOAs) for the conduct of investigation to certain social media influencers discovered to...

Dominguez to look into proposals to abolish PS-DBM, PITC

Finance Secretary Carlos Dominguez III on Wednesday stated his workplace will look into proposals to abolish two government businesses involved in the procurement of medical provides amid the COVID-19 pandemic.

Philippines generates $866.2 million from maiden onshore retail dollar bond offering

The Philippines on Wednesday generated $866.2 million from its maiden onshore retail dollar bonds (RDB) providing, which seeks to democratize the bond investing market and open it to extra local buyers.

Tunneling works for Metro Manila Subway project set for Q1 2022

The tunneling or drilling activities for the Metro Manila subway challenge, the country s first subway system, are set to begin in the first quarter of 2021, the Department of Transportation (DOTr) stated Wednesday.

BSP: Remittances hit seven-month high in July

Remittances climbed to a seven-month excessive in July, primarily pushed by greater inflows from america, Malaysia, and South Korea through the interval, the Bangko Sentral ng Pilipinas (BSP) reported Wednesday.

PCC to resume review of mergers, acquisitions as Bayanihan 2 moratorium expires

The Philippine Competition Fee (PCC) on Wednesday stated it is set to resume reviewing “probably problematic” mergers and acquisitions (M&As) because the one-year moratorium beneath the Bayanihan to Recuperate as One Act (Bayanihan 2) expires on...

Bill amending Foreign Investment Act gets Senate s final nod

Senate Invoice 1156 seeks to enhance investment elements to attract, promote, and welcome overseas investment activities which contribute to the nation's national industrialization and socioeconomic improvement.

Resto owners group welcomes Alert Level 4 status in NCR

The Restaurant House owners of the Philippines (Resto Ph) on Tuesday lauded the federal government's determination to put the Nationwide Capital Area (NCR) underneath Alert Degree four starting September 16.

Additional SDR allocation from IMF pushes Philippine foreign reserves up to $108.05B

Philippine dollar reserves climbed by $900 million in August, mainly because of the country s further allocation of Particular Drawing Rights (SDR) of the Worldwide Monetary Fund (IMF).