The Daily Manila Shimbun

 

DOTr plans to open other international airports as Metro Manila shifts to GCQ

May 29, 2020

The Department of Transportation is eyeing to open other international airports in the country as Metro Manila transitions to general community quarantine starting next week. In a televised meeting with President Rodrigo Duterte on Thursday night, DOTr Secretary Arthur Tugade

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Business groups urge Congress to pass CREATE bill next week

May 29, 2020

A formidable group of 32 local and foreign business organizations have called on the Congress to act “quickly and decisively” in restoring market confidence and providing the “most direct, cost-efficient and instant relief” to enterprises suffering from the coronavirus pandemic’s economic fallout by passing the

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MPIC sells economic interest of 19.2% in its LRT-1 concession through sale of 34.9% of Metro Pacific Light Rail Corp. to Sumitomo Corp.

May 29, 2020

Metro Pacific Investments Corp. announced Friday that one of Japan’s largest trading and investing companies, Sumitomo Corp., has acquired a 34.9 percent stake in Metro Pacific Investments Corporation’s (MPIC) subsidiary that holds an effective 55  percent stake in Light Rail

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Grab Philippines eyes resumption on June 1

May 29, 2020

Grab Philippines said it is eyeing to resume operations by June 1 with the introduction of GrabProtect for enhanced safety and hygiene standards. “Safety has always been at the core of what we do at Grab and while we understand that the

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Palace can’t ask for supplemental budget sans new sources of revenues, DBM chief

May 28, 2020

The Department of Budget and Management admitted on Thursday that President Rodrigo Duterte could not ask Congress for a supplemental budget for its efforts to address the coronavirus disease crisis because the government has no new sources of revenues. In

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Economic team asks business sector to help convince Congress to pass CREATE bill

May 28, 2020

Finance Secretary Carlos Dominguez III has sought the support of the business community in helping the economic team convince the Congress to pass in its last session week prior to its sine die adjournment a long-due corporate tax reform measure that will

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BSP-registered foreign portfolio investments yield net outflows in April

May 28, 2020

BSP-registered foreign portfolio investments for April 2020 yielded net outflows of US$660 million resulting from the US$1.3 billion gross outflows and US$627 million gross inflows for the month.  This is lower than the recorded net outflows of US$961 million in

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Asian Development Bank approves $400 million loan to support Philippines’ Capital Market Development

May 26, 2020

The Asian Development Bank (ADB) on Tuesday has approved a $400 million policy-based loan to support the Philippine government’s efforts to strengthen domestic capital markets and reach its development goals of high, sustained economic growth and poverty reduction. The Support

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