Business

THE OUTSIDER: Auspicious start for Tengco-led Pagcor

(Blurbs: “With a highly competent management team assisting him and adequate resources at his disposal, Tengco is well equipped to push the envelope and pursue other reforms like the privatization of land-based casinos and other assets.”) ** Everything’s coming up…

PHL to continue to post strong growth: World Bank

MANILA – The Philippines is projected to continue to be one of the fastest growing economies in East Asia and the Pacific over the next two years, according to the World Bank. In its Global Economic Prospects report, the World Bank…

Philippines debt rises to new record high P14.51 trillion

MANILA – The Philippines’ sovereign debt ballooned to P14.51 trillion, a new record high, as of the end of November 2023 after the government increased its local borrowings. Data released by the Bureau of the Treasury  shows that the national…

The Outsider (Melandrew T. Velasco): Dreaming of a merrier Christmas with MRT 7 and new int’l airport

As the year is about to end, I am hopeful like other Filipinos that our country will move up to become an upper middle-income country earlier than the 2025 forecast. Economists have painted a rosy growth prospect for the country…

SBMA takes over aviation services company in Subic for failure to pay almost P20M dues

By Armie C. Llamas SUBIC BAY FREEPORT– Subic Bay Metropolitan Authority (SBMA) has taken over , Aviation Hub Asia, Inc., an aviation services company inside this premier Freeport, for failing to comply with the agency’s lease agreement. According to SBMA…

Philippine gov’t debt hits all time high of P14.48 trillion in October

MANILA – The Philippines’ sovereign debt increased by P212 billion and hit an all time high of P14.48 trillion in October, the Bureau of Treasury said. The increase  was attributed to an increase in domestic and foreign borrowings as well…

THE OUTSIDER (Melandrew T. Velasco) San Miguel heralds a banner year with P31.2-B net

By MELANDREW T. VELASCO MANDALUYONG CITY – It has become a yearly practice of several organizations to recognize individuals who are innovators in their fields, who stand out among his peers, and exemplify what leadership is all about. Esquire Philippines,…

PHL foreign reserves back to $100-B level

MANILA – The Philippines’ gross international reserves (GIR) at end-October 2023 returned to US$100-billion level after the country logged a surplus in its balance of payments (BOP) last month. In a report, the Bangko Sentral ng Pilipinas (BSP) said that the country’s…

Overseas Filipinos’ 9-month remittances hit $27.74 B; US, Saudi, Japan top senders

MANILA – Personal remittances from overseas Filipinos have remained among the top dollar earners for the country as they brought home US$27.74 billion in remittances for the first nine months of the year, the Bangko Sentral ng Pilipinas (BSP) reported. Overseas…

APEC SAN FRANCISCO: Forget Boring, Exclusive APEC Meetings. Here’s Where the Fun Parties Will Be in San Francisco

By Han Li SAN FRANCISCO – Starting this weekend, San Francisco will be all about APEC for a week. The international gathering, formally known as the Asia-Pacific Economic Cooperation summit, is expected to bring 30,000 travelers into the city and grab…