Editor’s Pick

Final decision this week on consortium’s bid for first phase of $10-B airport project By Arjay L. Balinbin, Senior Reporter THE Cavite government saw “infirmities” in the required documents submitted by the consortium of MacroAsia Corp. (MAC) and China Communications Construction Co. Ltd. (CCCC) for the Sangley Point International Airport …

THE GOVERNMENT’S goal to bring down poverty rate to 14% and lift the economy’s status to the upper-middle income group next year can still be achieved despite the impact of the pandemic, Acting Socioeconomic Planning Secretary Karl Kendrick T. Chua said. Mr. Chua, who also heads the National Economic and …

By Arjay L. Balinbin, Senior Reporter THE MANILA International Airport Authority (MIAA) board has junked the appeal filed by Megawide Construction Corp. and its foreign partner GMR Infrastructure Ltd. seeking to overturn the revocation of its original proponent status (OPS) for the  Ninoy Aquino International Airport (NAIA) rehabilitation. “I was …

ECONOMIC OPTIMISM among Philippine midsized businesses continued to fall in the second half of 2020, as the pandemic continued to weigh heavily on the economy. Read the full story.

HALF of midsized Philippine businesses have either “a slightly or very optimistic economic outlook” for the next 12 months, the P&A Grant Thornton International Business Report showed. — REUTERS ECONOMIC OPTIMISM among Philippine midsized businesses continued to fall in the second half of 2020, as the pandemic continued to weigh …

FOREIGN DIRECT INVESTMENTS to the Philippines likely went up in 2020, according to a report by the United Nations Conference on Trade and Development. — PHILIPPINE STAR /MICHAEL VARCAS By Jenina P. Ibañez, Reporter FOREIGN DIRECT INVESTMENTS (FDI) to the Philippines rose by almost a third in 2020, a stark …

LOCAL SHARES bounced back on Monday as investors picked up bargains at the last minute and on news of a $1.9-trillion economic stimulus package being pushed in the United States. Ending its six-day decline, the 30-member Philippine Stock Exchange index (PSEi) rose 25.67 points or 0.36% to close at 7,071.50 …

THE PESO strengthened against the greenback on Monday following the stock market’s climb and signals of more inclusive policies in the United States to help combat the coronavirus pandemic. The local unit closed at P48.079 per dollar, appreciating by 0.6 centavo from its P48.085 finish on Friday, data from the …

VIOLENT incidents in the Bangsamoro continued to decline in 2019, the first year of the transition period under the new regional government, according to International Alert Philippines’ latest conflict report released Monday. The organization’s conflict monitoring system recorded 2,655 violent incidents in 2019, down 9% from 2,910 in 2018. In …

By Vann Marlo M. Villegas, Reporter and Kyle Aristophere T. Atienza THIRTY-FOUR people who had close contact with a dozen patients infected with a more contagious coronavirus strain have tested positive for the virus, but six were negative for the new variant, according to Philippine health authorities. There were now …