PHILIPPINE STAR/ MICHAEL VARCAS ABOUT 20 public-private partnership (PPP) projects under the government’s flagship infrastructure program are expected to be submitted to the National Economic and Development Authority-Investment Coordination Committee (NEDA-ICC) for approval this year, the PPP Center said on Thursday. “Of the 182 projects in the priority infrastructure program, […]
NEDA chief does not expect uptick in March inflation
Inflation accelerated to 3.4% in February as prices of food continued to rise. — PHILIPPINE STAR/EDD GUMBAN HEADLINE INFLATION is unlikely to have further accelerated in March, as the proposed legislated wage hike got stalled in Congress, National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan said on Thursday. […]
Philippine creative economy’s growth slowed in 2023
Artists work on a street mural in Makati City, Feb. 18, 2024. — PHILIPPINE STAR/EDD GUMBAN THE VALUE of the Philippines’ creative industry reached P1.72 trillion in 2023, despite slowing growth, the Philippine Statistics Authority (PSA) reported on Thursday. Preliminary data from the statistics agency showed that the gross value […]
Asian central banks likely to cut rates in step with Federal Reserve
Flags fly over the US Federal Reserve building in Washington, US, May 26, 2017. — REUTERS CENTRAL BANKS in the Asia and Pacific (APAC) region will likely begin cutting interest rates by midyear in step with the US Federal Reserve, Moody’s Analytics said. The US Federal Reserve left its key […]
PEZA celebrates 29 glorious years of eco-zoning the Philippines towards inclusive and sustainable development
Photo from facebook.com/PEZAPH Over the course of 29 robust years, the Philippine Economic Zone Authority (PEZA) has had the privilege of witnessing the remarkable growth and vibrancy of our economic zones. PEZA Director-General Tereso O. Panga Heeding the call of President Ferdinand Marcos, Jr., alongside the vision of Department of […]
Breaking Barriers: Globe Group’s inclusive culture fosters female leadership
As a company at the forefront of championing gender equality and driving technological progress, the Globe Group has cultivated an inclusive ecosystem where women not only thrive but also lead with excellence. In the spirit of Women’s Month, the company proudly spotlights three remarkable female leaders initiating change and spearheading […]
SMC starts work on toll road linking its Bulacan airport project to Pangasinan
RAMON ANG — SANMIGUEL.COM.PH SAN MIGUEL Corp. (SMC) has commenced work on the 76.80-kilometer Pangasinan Link Expressway (PLEX) project, which will connect Pangasinan towns to the company’s mega airport project in Bulacan. “PLEX will connect to the Tarlac-Pangasinan-La Union Expressway (TPLEX) at the Binalonan exit, providing direct access to the […]
Aboitiz group sets 2024 capex budget at P153 billion
PHILSTAR FILE PHOTO CEBU-BASED Aboitiz group has earmarked P153 billion for its capital expenditure (capex) budget this year, as the conglomerate plans to expand its renewable energy (RE) portfolio and other businesses. The 2024 capex, over two times higher than the P65 billion spent capex last year, will be used […]
Cultivating diverse grounds for economic growth
PEZA officials have joined Naga City Mayor Nelson Legacion and the City Council members and Enjoy Realty and Development Corp. in the inauguration of the Naga City Industrial Park (NCIP), the first industrial economic zone in Bicol. — Photo from facebook.com/PEZAPH The Philippine Economic Zone Authority (PEZA) is a government […]
Philippines’ Q4 bond market growth slows
BW FILE PHOTO THE PHILIPPINE bond market’s growth slowed in the fourth quarter of 2023 due to contractions in central bank and corporate securities amid large debt maturities, as well as a decline in issuances. Outstanding local currency (LCY) bonds grew by 1% quarter on quarter (q-o-q) to $217 billion […]