The National Government’s outstanding debt reached a record P13.75 trillion as of end-February. — REUTERS/THOMAS WHITE/ILLUSTRATIONBy Keisha B. Ta-asan, ReporterTHE NATIONAL Government’s (NG) outstanding debt hit a record-high P13.75 trillion as of end-February as domestic borrowings increased, the Bureau of the Treasury (BTr) said on
Laborers work at a construction site in Manila, Philippines, Nov. 17, 2016. — REUTERS/CZAR DANCELSTATE SPENDING on infrastructure rose by 13.4% in 2022, as the government ramped up public works and transportation-related projects.According to the Department of Budget and Management (DBM), infrastructure and other capital
A view of Metro Manila. — PHILIPPINE STAR/WALTER BOLLOZOSBUSINESSES NOW have a more optimistic economic outlook this year, amid a return to pre-pandemic normalcy and increased consumer demand, a survey by the Bangko Sentral ng Pilipinas (BSP) showed.The BSP confidence index (CI) rose to 34%
SEVERAL former government officials are opposing the plan to merge Landbank of the Philippines (LANDBANK) with the Development Bank of the Philippines (DBP), saying it will further disenfranchise farmers and other agriculture stakeholders.“Farmers, bank employees and other stakeholders are seriously concerned about this decision, which
MONDE NISSIN CORP. suffered a net loss of P13.03 billion in 2022, a reversal of its P3.12-billion net income a year earlier, due to a one-off charge the company incurred in Marlow foods.“The impairment was caused by the application of a higher discount rate due
THE 68-MW “Garcia 2” Solar Project, located in the municipality of Currimao in Ilocos Norte. — VENAENERGY.COMMGEN RENEWABLE Energy, Inc. (MGreen) is keen to expand its 68-megawatt-alternating current (MWac) solar plant project with Vena Energy in Ilocos Norte.“This is a test period for both of
LISTED real estate developer Sta. Lucia Land, Inc. said on Thursday that its board had approved taking out a P1.5-billion long-term loan facility while authorizing joint ventures to develop six projects, including an acquisition in Batangas.In a disclosure to the stock exchange, the company also
THE Department of Trade and Industry (DTI) partnered with Amazon Web Services (AWS) to help the digital transition of local entrepreneurs and businesses.In a statement on Thursday, the DTI said that it signed a memorandum of understanding with AWS in February for the training of
CTA.JUDICIARY.GOV.PH/THE Court of Tax Appeals (CTA) has granted part of Kuwait Airways Corp.’s appeal to refund its overpaid income taxes in the amount of P12.3 million for the year 2017.In a 17-page decision dated March 28 and made public on March 29, the CTA Special
NETFLIX, Inc. is working to bring its nascent video-game service to television sets for the first time, moving beyond smartphones and tablets in a sign of its growing ambitions. Code hidden within Netflix’s app includes references to games played on TVs, signaling that such a plan
SIKA PHILIPPINES FACEBOOK PAGETHE Philippine unit of Switzerland-based construction chemicals company Sika Group said it is expecting its topline to grow by 20% this year amid the increase in infrastructure projects.In 2022, Sika Philippines, Inc. General Manager Christophe Lejeune said that the company recorded a
ALANIS MORISSETTEWITH the announcement that the Alanis Morissette concert will finally push through, local concert promoter Ovation Productions has announced how holders of tickets to the canceled Alanis Morissette 2020 World Tour concert can get seats to the new concert.The Alanis Morissette 2023 World Tour