THE Bases Conversion and Development Authority (BCDA) said it tapped Korea Water Resources Corp. (K-Water) to design the water management systems within BCDA properties. “As a pioneer in innovative water…
Economy
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THE PHILIPPINES, a domestic demand-driven economy, has the potential to avoid the worst of the new US tariff regime relative to its neighbors, Moody’s Ratings said. “No economy in Asia…
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THE World Bank has approved a $67.34-million loan to fund the digitalization of the Philippine civil service, citing the need to increase transparency and better forecasting of salary expenses. The…
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THE Bureau of Internal Revenue (BIR) remains confident that it will meet its collection goal for major tax categories in 2025. However, the new law lowering corporate income tax rates…
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E-COMMERCE platform Lazada Philippines said it is expecting to sustain double-digit sales growth this year as it pursues a strategy of tailored deals for a growing customer base. “We continue…
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THE Philippine Ports Authority (PPA) will recommend the cancellation of the Jose Panganiban, Camarines Norte port improvement project auction, citing a possible change of location and project design. In a…
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First of two parts IN BRIEF: • Technology dependence in the financial sector is increasing the number of potential failure points due to connections with unregulated third parties. • Financial…
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APPROVED building permits continued to decline by record double digits in January, the Philippine Statistics Authority (PSA) reported. The PSA, citing preliminary data, said building projects covered by the permits…
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FINANCE Secretary Ralph G. Recto said the budget surplus recorded in January is unlikely to continue in the following months. Asked if the surplus will be sustained in the runup…
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EconomyEditor's Pick
P7.5-B Acciona solar power plant breaks ground in Cebu a year after contract award
THE Board of Investments (BoI) said the green lane-certified P7.5-billion Daanbantayan Solar Power Plant in northern Cebu has commenced with construction. With its 150-megawatt capacity that is expected to supply…