Business & Economy

State-run aerospace firm to be abolished for not making a single plane for 45 years

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The government will abolish a state-run firm that has not fulfilled its mandate of designing and producing airplanes in its almost 45 years of existence.

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Libya wants PH workers, seeks lifting of hiring ban

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The Libyan government renewed its appeal for the Philippine government to lift the ban against the new hiring of Filipino workers, saying the security situation has improved since 2014.

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Gov’t revenues, expenses jump

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The government exceeded both its expenditure and revenue targets in November, resulting in a budget deficit of P8.6 billion.

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Group sees Duterte’s ‘Build’ program meeting WB standard

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The government’s ambitious “Build, Build, Build” program will allow the country to ramp up infrastructure spending and meet the World Bank’s recommended level in the medium term, London-based economic research firm Capital Economics said.

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Businessmen calm nerves as Duterte’s untested TRAIN goes for full speed

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For many industries, the year ahead would bring lots of changes in the way business is done - and not all of it is good.

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PCC records P2-trillion worth of merger and acquisition transactions since 2016

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The Philippine Competition Commission (PCC) has been notified of over P2 trillion worth of merger and acquisition transactions since last year, an official said.

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Modern city to rise from Marawi rubble

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After a five-month battle between government forces and Islamic State-inspired terrorists that reduced Marawi City to rubble, a modern city is envisioned to rise from the ruins of this Lanao del Sur provincial capital, said an official of a government task force leading the city’s rebuilding.

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Fitch raises PH credit rating as investors ignore drug war noise

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Debt watcher Fitch Ratings on Monday, Dec. 11, updated the Philippines’ credit rating to ‘BBB’ from ‘BBB-‘ with a stable outlook, citing that the Duterte administration’s war against illegal drugs has yet to deter investors.

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DPWH starts bridge project to connect Visayan islands

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BACOLOD CITY -- What could be the country’s longest bridge connecting the islands of Negros, Panay and Guimaras would no longer be a dream.

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China’s biggest telco chosen to break PH duopoly

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Beijing has chosen China Telecom, China’s largest telecommunication company, as the third new player that would try to break that duopoly in the Philippine telecommunications market, Presidential Communications Secretary Martin Andanar said on Sunday, Dec. 10.

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