Business

Ayala Land earmarks P111-B capex for 2018

MANILA -- Ayala Land Inc. (ALI) has earmarked a record PHP111 billion for capital expenditures (capex) in 2018 and is ready to launch PHP125 billion worth of projects, optimistic about the continued...

‘Build, Build, Build’ to address job losses: Diokno

MANILA -- Amid more news of lay-offs by several companies in the Philippines in January 2018, Budget and Management Secretary Benjamin Diokno said the Duterte administration’s massive “Build, Build, Build” program is...

Diokno wants review of PBB program

MANILA -- The Department of Budget and Management (DBM) is considering a re-study of the Performance-Based Bonus (PBB) program to ensure a more efficient disbursement of bonuses. In a briefing Wednesday, DBM Secretary...

Final proposal for military pension system out by year-end

MANILA -- An actuarial study on the feasibility of a Government Service Insurance System (GSIS)-run pension system for the military, which will have three types, is expected to be completed before end-2018. Budget...

BSP hikes offering for 7-day, 14-day TDF

MANILA -- The Bangko Sentral ng Pilipinas (BSP) hiked the offering for its seven-day and 14-day Term Deposit Facilities (TDFs) for the auction on Feb. 21, 2017 following the strong appetite this...

PH electronics sector posts record USD32.7-B export in 2017

MANILA -- The country’s electronics sector posted a record export revenue of over USD32 billion in 2017, regaining its strength after the market slowed down in the past six years. Semiconductor and...
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