Business & Economy

Korea Eximbank earmarks $500M for programs in PH

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The Export-Import Bank of Korea (Korea Eximbank), a state credit agency providing concessional loans and assistance to governments, is earmarking some $500 million in official development assistance (ODA) to the Philippines from 2014 to 2017.

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Okada’s local gaming venture starts with $200-M investment

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Okada-led Tiger Resort, Leisure and Entertainment, Inc. has already invested $200 million in its integrated entertainment and resort project in Manila’s future gaming hub Entertainment City.

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ADB: Rebuilding in Yolanda-hit areas a ‘massive challenge’

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The Asian Development Bank (ADB) will likely increase its significant aid to the Philippines, citing the “massive challenge” the government faces in rebuilding areas destroyed by Supertyphoon ‘‘Yolanda’’.

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Faces of the Filipino micropreneurs

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Sharpening bladed tools.  Alwin, 39, father of four, had a hard time in his native Iligan City because of his limited education. To top it all, he was courting a girl named Angelie. They got married, and decided to migrate to Metro Manila in search of a better way to earn a living.

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PH grew 7% in Q3, says Moody’s

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Moody’s Analytics estimates that the Philippine economy grew by 7 percent in the third quarter due to robust local demand.

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Groups dismayed over gov’t policy on incentives to foreign investors

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MANILA -- Business groups on Tuesday expressed dismay over the government’s inconsistent policy with regards to incentives given to foreign investors in the country.

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Bidding for LRT-1 deferred anew

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The transportation department has moved the bid submissions for the Light Rail Transit Line Cavite extension deal to the second quarter of 2014 from the previous first quarter target in an effort to draw more bidders.

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Energy restoration in Yolanda-hit provinces to cost P1-B

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MANILA -- The Department of Energy said around P1 billion will be needed in the restoration of energy in Yolanda-hit areas.

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Single bank account for gov’t launched

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The Bureau of the Treasury on Monday launched the Treasury Single Account (TSA), a scheme wherein the government will have one bank account for all its line agencies.

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PH may lose out on some trade pact benefits

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Critical growth constraints, such as “inadequate infrastructure” and a “small industrial and manufacturing base” may hinder the country from fully enjoying the benefits to be had from the proposed Regional Comprehensive Economic Partnership (RCEP).

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