By Richmond Mercurio (The Philippine Star) | Updated May 24, 2017 – 12:00am http://www.philstar.com/business/2017/05/24/1702853/stocks-reflect-uptick-foreign-markets MANILA, Philippines – The stock market sustained its winning ways yesterday despite much smaller gains as it continued to take cues from foreign markets. The Philippine Stock Exchange index (PSEi) finished yesterday’s trading with a 0.07 percent, or 5.57-point improvement at […]
By: Ben O. de Vera – Reporter / @bendeveraINQPhilippine Daily Inquirer / 05:08 AM May 24, 2017 http://business.inquirer.net/230080/govt-debts-share-gdp-declines The share of the government’s debt to the gross domestic product (GDP) further declined to 41.87 percent at the end of the first quarter as the economy sustained strong growth even as spending on public goods and […]
posted May 23, 2017 at 08:06 pm by Jenniffer B. Austria https://us9.admin.mailchimp.com/campaigns/wizard/neapolitan?id=1125021 Property developer Filinvest Land Inc. said Tuesday it is set to open a new shopping mall as a part of a 5.2-hectare townscape project in Tagaytay City. Filinvest Land said Fora Mall, a commercial development with 48,000 square meters of leasable space, would […]
posted May 23, 2017 at 08:12 pm by Darwin G. Amojelar http://manilastandard.net/business/biz-plus/237456/govt-terminates-airport-biddings.html The Transportation Department abandoned the auctions for the P108.2-billion contracts to develop, operate and maintain five regional airports under the public-private partnership scheme. “We received confirmation that the procurement of the much-anticipated Regional Airport PPP Projects [Development, Operations and Maintenance of New Bohol […]
Philippine Daily Inquirer / 05:08 AM May 24, 2017 https://us9.admin.mailchimp.com/campaigns/wizard/neapolitan?id=1125021 Who bought a 25-percent stake in Phoenix Petroleum of up and coming businessman Dennis Uy? http://business.inquirer.net/230082/biz-buzz-ever-tighter-embrace That’s what everyone wants to know after it was announced the other day that a certain ES Consultancy Group Inc. shelled out P4 billion for a quarter of Uy’s […]
By Iris Gonzales (The Philippine Star) | Updated May 24, 2017 – 12:00am https://us9.admin.mailchimp.com/campaigns/wizard/neapolitan?id=1125021 MOSCOW – Filipino businessmen are quietly raising concerns over the government’s proposed hybrid approach for public-private partnership (PPP) infrastructure projects which President Duterte is expected to present during his official visit here. Some members of the Philippine business delegation in the […]
DOTr to pursue P108-B modernization projects By: Miguel R. Camus – @inquirerdotnetPhilippine Daily Inquirer / 05:10 AM May 24, 2017 http://business.inquirer.net/230084/5-regional-airports-removed-ppp The Public-Private Partnership (PPP) program, already suffering from the perception its projects are being sidelined in favor of government loans overseas, received another blow yesterday after the Department of Transportation (DOTr) canceled plans to […]
By: Ben O. de Vera Philippine Daily Inquirer 05:15 AM May 22, 2017 http://business.inquirer.net/229989/clark-airport-expansion-gets-neda-icc-approval The National Economic and Development Authority’s Investment Coordination Committee (Neda-ICC) last week approved the proposal of state-run Bases Conversion and Development Authority (BCDA) to expand the annual capacity of the Clark International Airport to eight million passengers. In an interview last […]
By: DORIS DUMLAO-ABADILLA Philippine Daily Inquirer 05:16 AM May 22, 2017 http://business.inquirer.net/229991/gt-capital-wants-jack-interest-metro-pacific-infra-unit Ty family-led GT Capital Holdings is keen on raising its interest in infrastructure holding firm Metro Pacific Investments Corp., given the opportunity to do so, while scouting for other new businesses outside the group. In an interview with Inquirer after the company’s investor briefing […]
By Iris Gonzales (The Philippine Star) Updated May 20, 2017 – 12:00am http://www.philstar.com/business/2017/05/20/1701580/megawide-trumpets-gains-cebu-airport-ppp-project MANILA, Philippines – Engineering and infrastructure conglomerate Megawide Construction Corp. trumpeted the success of its major public-private partnership (PPP), the Mactan-Cebu International Airport, in a forum yesterday. Speaking during an economic forum organized by BusinessWorld yesterday, Megawide chief financial officer Oliver Tan […]