Editor’s Pick

Subic expressway expansion 85% complete

PROJECT involves construction of new tunnel as ‘vital link’ — BW FILE PHOTO NLEX CORP. said on Thursday its P1.6-billion Subic Freeport Expressway (SFEX) Capacity Expansion Project is now 85% complete. “Now 85% complete, the capacity expansion of the 8.2-kilometer SFEX is aimed at improving traffic safety and easing travel …

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ICTSI raises nearly P5B in share sale

LISTED port operator International Container Terminal Services Inc. (ICTSI) said on Thursday it had entered into a placement agreement for the sale of its 40 million treasury shares to raise funds for general corporate purposes. Proceeds will also be used to fund the company’s committed capital expenditure, ICTSI said in …

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‘Hot money’ reverses to net inflow

REUTERS By Luz Wendy T. Noble, Reporter MORE FOREIGN CAPITAL entered than left the country in October to yield a net inflow after seven straight months of outflows, the Bangko Sentral ng Pilipinas (BSP) said on Thursday. Foreign portfolio investments — also known as “hot money” because of the ease …

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CREATE bill finally hurdles Senate

Economic managers are hoping the timely passage of the measure cutting corporate income tax and reforming the tax incentive system will help the economy bounce back faster. — REUTERS By Charmaine A. Tadalan, Reporter THE SENATE on Thursday approved on third and final reading a measure that will immediately lower …

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