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2015 highlights of PH economy

2015 highlights of PH economy

The Philippine economy sustained its growth in 2015, creating opportunities for businesses and adding jobs in the labor force. Following are the 2015 highlights of the Philippine economy and business, as reported by The Standard and ranked according to their significance, relevance or popularity. Others are simply interesting or controversial. 1. BPO sector employs 1.2m... continue reading

Govt set to pursue Davao port bidding

Govt set to pursue Davao port bidding

The Transportation Department said it will pursue the bidding of the P19-billion Davao Sasa Port Modernization Project in 2016, despite the objection by the Davao city council. Transportation undersecretary for planning Rene Limcaoco said the agency would conduct a series of consultations with the bidders this month to resolve issues surrounding the government’s first port... continue reading

Funds raised via PSE jumped 21% in 2015

Funds raised via PSE jumped 21% in 2015

Despite greater financial market volatility and emerging markets turning out of flavor in 2015, capital raising at the Philippine Stock Exchange this year reached P184.6 billion, the second highest in the local bourse’s history. The amount of capital raised at the PSE for 2015 rose by 20.9 percent from P153.08 billion in 2014. The record-high... continue reading

Consultations with Sasa Port bidders scheduled for Jan.

Consultations with Sasa Port bidders scheduled for Jan.

THE TRANSPORTATION Department has released the final dates next month for one-on-one consultations with five potential bidders for the administration’s first seaport public-private partnership (PPP) project. The deadline for submission of the second batch of queries for the P18.99-billion deal to modernize the Davao Sasa Port will be on Jan. 8, Undersecretary for Planning Rene... continue reading

Belmonte confident urgent bills will be passed in next 6 months

Belmonte confident urgent bills will be passed in next 6 months

Even with the expected election campaign season, the leadership of the House of Representatives remained confident that the remaining six months of the 16th Congress will still see the passage of bills that are urgent and significant for the country’s sustained economic development and peace. Speaker Feliciano Belmonte Jr. aired the optimism as he reported... continue reading

DepEd, private partners completed 1st PPP school project

DepEd, private partners completed 1st PPP school project

Last December 04, 2015, the 9, 296 classrooms were already constructed and delivered in three (3) regions: Region I, III and IV-A. This is the first PPP project of the said agency.

Conglomerates eye LRT-6 PPP project

Conglomerates eye LRT-6 PPP project

FILIPINO conglomerates and a Malaysian infrastructure group are among those eyeing the Aquino administration’s next big-ticket public-private partnership deal, the proposed P65.1-billion Light Rail Transit Line 6 (LRT-6) in Cavite province. Company officials from Ayala Corp., San Miguel Corp., Metro Pacific Investments Corp., and Malaysia’s MTD Group expressed their interest to pre-qualify for the project,... continue reading

Belmonte commits to make final days of 16th Congress productive

Belmonte commits to make final days of 16th Congress productive

EVEN with just nine session days left in the 16th Congress, the leadership of the House of Representatives assured the public that it would still be able to pass seven critical measures. Speaker Feliciano Belmonte Jr. said that despite the expected shift in the lawmakers’ focus on the May elections, the leadership would make an... continue reading

Economic growth up to us

Economic growth up to us

THOSE EXPECTING the government to provide the impetus for the Philippines’ economic growth in 2016 are bound to be disappointed, just as they have been over the past five years. Yes, there will be an increased pace of government spending this year as the Aquino administration tries to ensure the victory of its standard-bearer at... continue reading

Mactan-Cebu airport growth seen

Mactan-Cebu airport growth seen

THE Mactan-Cebu airport may see rapid growth in 2016, according to the Center for Asia Pacific Aviation (CAPA). While the local airport expands with another terminal, local airlines use it more as a take-off point for both domestic and international flights, the CAPA said, making it a favorable alternative to Manila’s already congested Ninoy Aquino... continue reading