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MANILA: Philippine President Rodrigo Duterte's daughter will run for president in the 2022 election and her father's long-time aide, who has filed his vice presidential candidacy, will be her running mate, ABS-CBN news reported late on Saturday.
MANILA: The Philippines construction sector is likely to rebound strongly this year, driven by transport infrastructure, particularly rail and road development, says think tank Fitch Solutions.
MANILA: The Philippines’ Finance Secretary Carlos Dominguez III (pic) assured the public that neither the government nor taxpayers would be on the losing side in deals entered into with the private sector for big-ticket infrastructure projects.
MANILA: The Philippine government approved plans for a casino in the tourist island of Boracay to boost funds for its pandemic measures.
MANILA: President Duterte’s final year in office became doubly challenging as the Covid-19 crisis reversed much of the pre-pandemic gains made toward the administration’s goals to sustain robust economic growth, reduce joblessness and move up to upper-middle income country status.
FOREIGN funds are rushing out of South-East Asian equities on concerns a coronavirus resurgence will dent the region’s economic recovery, and a slow vaccine rollout means the selloff may not reverse anytime soon.
FOREIGN funds are rushing out of Southeast Asian equities on concerns a coronavirus resurgence will dent the region’s economic recovery, and a slow vaccine rollout means the selloff may not reverse anytime soon.
MANILA: The Philippine peso fell the most in more than two months yesterday after coronavirus curbs were prolonged in the capital Manila and nearby provinces until end-June and quarantine measures were tightened to battle rising infections.
MANILA: Philippine President Rodrigo Duterte has lifted a moratorium on new mineral agreements imposed in 2012, reopening the door to fresh mining investments as he seeks to boost state revenues to fund infrastructure projects and other initiatives.
MANILA: Philippines Finance Secretary Carlos Dominguez said the government plans to sell dollar bonds before interest rates rise, and will look for new revenue sources and ways to wind down debt next year.