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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 stock market cheered the credit rating upgrade which the Philippines received yesterday, the first upgrade under the Duterte administration.

A $380-million project aiming to improve the road network in Mindanao is expected to be approved by the Asian Development Bank for loan assistance this week, the Department of Finance said.

State-run Philippine National Oil Co. may opt to bid out the development of a $2-billion liquefied natural gas terminal if no qualified proposals make it by the Dec. 31 deadline, its top official said yesterday.

Philab Holdings Corp., a listed healthcare company, is acquiring 67 percent of local pharmaceutical firm Sydenham Laboratories Inc.

International Container Terminal Services Inc. has signed an agreement with landowner community groups in Papua New Guinea which will be affected by a new port project.

Galaxy Entertainment Group Ltd. is betting big on the Philippines through a partnership with Leisure and Resorts World Corp., the listed gaming company founded by Negros Occidental Rep. Alfredo “Albee” Benitez.

The Bureau of the Treasury rejected yesterday all bids for Treasury-bills as the market asked for higher rates amid expectations of a possible interest rate hike in the US next year.

The interagency National Food Authority has deferred discussions on a proposal to increase the buying price for unmilled rice or palay.

Trade Secretary Ramon Lopez has called on World Trade Organization members to eliminate trade-distorting domestic support and export subsidies to ensure that marginalized sectors would not be left behind by globalization.

The government of New South Wales is seeking to forge stronger trade and investment cooperation ties with the Philippines as it expressed confidence in the country’s robust economy, the Department of Trade and Industry said.


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