Business

Recto: PHL records budget surplus in Jan-Feb 2024

MANILA – Department of Finance (DOF) Secretary Ralph Recto said preliminary data showed that the national government has posted a budget surplus in the first two months of the year. “As of today, for the last two months and a half,…

PHL economy forecast to grow by 6.1% in Q1

MANILA – Philippine economic growth is projected to accelerate in the first quarter of the year, mainly driven by the government’s infrastructure spending, a report released by the First Metro Investment Corporation (FMIC) and the University of Asia and the Pacific…

QBE grants P3.7 M to Million Trees Foundation, breaks ground on Green Park

QUEZON CITY – The Million Trees Foundation, Inc. (MTFI) has received a major boost with the entry of a new institutional partner – QBE Insurance Group – which has allotted ₱3.7 million for various projects of the foundation highlighted by…

Apl.de.Ap Foundation, ADB, US firm to give EV training in PHL

PARANAQUE  CITY – The foundation of Filipino-American rapper and singer Allan Pineda a.k.a Apl.de.Ap has partnered with the Asian Development Bank (ADB), and Arizona-based Legacy EV, LLC to equip young Filipinos with technical know-how on the electric vehicle (EV) sector. Apl.de.Ap…

THE OUTSIDER: Beyond business

In previous columns, I have written about the importance of partnership between the government and the private sector in pursuing the country’s goal of a sustainable economic development. Our country is not wanting of businesses who are actively involved in…

THE OUTSIDER (Melandrew T. Velasco) : Hope for the Bulacan Economic Zone

The government recognizes the role of the private sector in the country’s economic growth. It is from the private sector that much needed investments originate.  Section 20, Article II of the Constitution stipulates “The State recognizes the indispensable role of the…

Kapri Walker latest Filipina to join global strategy firm Actum

SACRAMENTO – Actum LLC, a global consulting firm, recently announced the hiring of Kapri Walker as a new Director for their Sacramento office. With previous experience working for California State Senator Nancy Skinner, Walker is expected to significantly contribute to Actum’s mission and…

Recto nixes LandBank-DBP merger, pushes instead charter amendments

By Jeanne Michael Penaranda MANILA – Finance Secretary Ralph G. Recto has put to the backburner the proposed merger of the Land Bank of the Philippines (LandBank) and Development Bank of the Philippines (DBP) which his predecessor Benjamin Diokno pushed.. Recto…

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…