MRT-7 completion to be delayed to 2022
SAN MIGUEL CORP. (SMC) expects the completion of the Metro Rail Transit Line 7 (MRT-7) to be pushed back to 2022, with partial operations seen by 2021 as the company encounters right of way issues.
3rd major telco set to get permit today
THE MISLATEL CONSORTIUM is scheduled to complete its award as the new major telecommunications player today with the receipt of its permit to operate and radio frequencies from the government.
PHL found among most improved in global competitiveness index
THE PHILIPPINES placed fifth among the nine economies of the Association of Southeast Asian Nations (ASEAN) covered by the Global Competitiveness Report 2018-2019, which measures a country’s standing using a set of criteria that determine level of productivity, and 56th globally among 140 economies on the list.
SM founder Henry Sy, Sr passes away
By Arra B. Francia, Reporter
Henry Sy, Sr., country’s richest man and the founder of the largest chain of shopping malls in the Philippines, passed away on Saturday morning,...
MPIC, Manila Water, ABS-CBN reel from Duterte’s rant
PRESIDENT Rodrigo R. Duterte’s threat against Metro Manila’s water concessionaires sent shares of their owners stumbling at the stock market on Wednesday, along with those of the biggest local entertainment network that was also at the receiving end of the Philippine leader’s ire a day earlier.
No grace period for loans falling due this month — SEC
FINANCING and lending companies will no longer be required to offer a grace period for loans that fall due this month as strict lockdown measures eased around the country, the Securities and Exchange Commission (SEC) said.
Cavite government’s Sangley airport plan gets green light from Transportation dep’t
THE DEPARTMENT of Transportation (DoTr) has given the green light to the Cavite provincial government’s plan to build an airport at the former US naval facility at Sangley Point, Cavite.
Extending lockdown beyond April could be ‘difficult’ — Pernia
EXTENDING the enhanced community quarantine (ECQ) beyond April 30 would be “difficult,” according to Socioeconomic Planning Secretary Ernesto M. Pernia, who is backing a gradual lifting of the Luzon-wide lockdown which would allow malls and public transportation to resume partial operations.
Duterte grapples with Chinese Golden Goose’s illegal eggs
WANG HONG, 29, was hooked on gambling.
Philippines to be SE Asia’s worst performer this year
THE PHILIPPINES is seen to post the worst economic performance in Southeast Asia this year, according to the Asian Development Bank (ADB) which slashed its growth forecast anew as household consumption and investments remained sluggish amid the coronavirus pandemic.
Property developer could be 1st to go public this year
PROPERTY developer Kepwealth Property Philippines, Inc. (KPPI) could be the first company to go public this year, after it bagged final approval to raise up to P384.77 million at the stock exchange.
BSP wants virtual asset providers to do background checks on customers
By Beatrice M. Laforga, Reporter
The Bangko Sentral ng Pilipinas (BSP) issued new regulations for service providers of virtual currencies and assets on Friday, instructing them to conduct background...