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The Manila International Airport Authority on Sunday announced that several domestic flights were grounded due to Tropical Depression “Urduja.”

The Bangko Sentral ng Pilipinas (BSP) expects a higher net outflow of foreign portfolio investments or hot money this year due to a series of rate increases by the US Federal Reserve.

The Management Association of the Philippines (MAP) named recently Maynilad Water Services president and CEO Ramoncito “Mon” Fernandez as president for 2018, the 69th person to hold the post since MAP’s inception in 1950.


Motorcycles have become a common mode of transportation in many countries, not only because they are affordable, consume less fuel, entail low maintenance costs, but more so, because they are convenient given the worsening traffic situation.

Posting sources of joy on social media is difficult to resist.

The time is early December.

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The World Bank will no longer finance oil and gas exploration and extraction projects beginning 2019 as it strives to meet goals under the 2015 Paris Agreement to limit global warming.

Argentina’s biggest manufacturer of savory additives and plant-based ingredients for the food industry has chosen the Philippines as its first international destination, indicating plans to put up a manufacturing facility in the country.

Jollibee Foods Corp. (JFC) is bullish on the global economy as it continues its expansion overseas.

The National Economic and Development Authority on Thursday said the one-year martial law extension in Mindanao won’t hurt the country’s economy.

The Philippine government expects a “steady and strong” economic performance next year, with the maiden roll-out of Tax Reform for Acceleration and Inclusion Act seen to boost public spending and increase government revenue.

At least two flights were grounded on Thursday, December 14, due to bad weather caused by Tropical Depression Urduja.

The British Chamber of Commerce in the Philippines recently announced that it has assisted more than 1,600 companies from the United Kingdom since 2014.

The Asian Development Bank has raised its growth forecast for the Philippines to 6.7 percent this year and 6.8 percent in 2018, citing strong household consumption, manageable inflation and infrastructure investment.

The Bangko Sentral ng Pilipinas said the term deposit auction facility next week would only offer seven-day term deposits due to tight market conditions as banks prepare for higher demand for cash during the Christmas holidays.

Philippine shares posted minimal gains yesterday as investors remained on the sidelines due to factors such as the US Federal Reserve meeting and the pending ratification of the tax bill, analysts said.


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