DAVAO CITY—President-elect Rodrigo Duterte is against the practice of contractualization but would allow other contract-based jobs to continue under his administration, incoming Finance Secretary Carlos G. Dominguez clarified on Tuesday.
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It was an unusual way to celebrate the inauguration of President Duterte, but celebrate the officials of the Philippine Stock Exchange did with a “viewing party” at the PSE lounge in Ayala Tower One in Makati City yesterday.
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IN THEIR first few days in office, President Rodrigo R. Duterte’s economic team will review the targets left behind by the Aquino administration, with the Cabinet-level, interagency Development Budget Coordination Committee (DBCC) scheduled to meet next week.
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The local and foreign business community felt reassured and encouraged as President Rodrigo R. Duterte directed his Cabinet to honor existing contracts and implement measures to further ease doing business in the country.
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To reflect the bullish economic outlook trumpeted by President Duterte in his oath-taking Thursday, the new Trade chief is eyeing to open up more industries to foreign investments.
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The Duterte administration’s plan to jack up infrastructure spending to up to 7 percent of the economy by 2022 would bring about a “golden age of infrastructure” in the next six years, Budget Secretary Benjamin E. Diokno said Wednesday.
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The local stock barometer yesterday pierced through the 8,100 level for the first time this year, powered by upbeat regional markets as well as optimism on local corporate earnings and the upcoming inaugural State-of-the-Nation-Address of President Duterte.
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Flag carrier Philippine Airlines said it was working on moving some of its domestic operations to Clark International Airport in Pampanga, which remains underutlilized but could eventually benefit from increased mass transport connectivity if President Duterte would deliver on a promised railway line.
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THE PHILIPPINE Stock Exchange hailed the pronouncement of Pres. Rodrigo Duterte in his first State of the Nation Address (SONA) on Monday to maintain current macroeconomic policies, ensure competitiveness and ease doing business in the country. “The President’s major economic pronouncement should be good for the capital markets as investors are always looking for stability […]
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TAKING the cue from her father, the daughter of businessman Roberto V. Ongpin likewise quit as vice chair of gaming firm PhilWeb Corp. after President Duterte’s declaration of war against “oligarchs.”
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San Miguel Corp. (SMC) has donated P1 billion to typhoon relief in recent years, making it the single biggest donor in Philippine business history, but today the country’s largest conglomerate is broadening its corporate social responsibility program to be in tune with the times.
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THE LOCAL stock barometer slipped for the seventh session in a row on Thursday as lofty valuations, oil price slump and prospects of rising US interest rates gnawed on investor sentiment. The main-share Philippine Stock Exchange index lost 14.06 points or 0.18 percent to close at 7,773.31. The index pulled back by over 100 points […]
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THE LOCAL stock barometer bucked a regional upswing on Monday as investors weighed the aftermath of the bombing of a public market in Davao City, Pres. Rodrigo Duterte’s bailiwick. The main-share Philippine Stock Exchange index lost 43.37 points or 0.56 percent to close at 7,764.05. Elsewhere in the region, stock markets were mostly higher as […]
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President Rodrigo R. Duterte has approved the rollout of nine infrastructure projects worth over P171 billion barely 100 days since he assumed office as the administration wants to impress foreign investors whose interest may waver amid international bad press that the President has been getting, the country’s chief economist said Thursday.
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President Rodrigo Duterte's foul mouth is wrecking the Philippine economy, scaring away investors who were quickly selling stocks and pulling out investments in the country, lawmakers from the "legitimate" minority bloc in Congress said.
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Philippine President Rodrigo Duterte's bloody anti-drug war and his foul-mouthed outbursts in defense of the campaign have unnerved foreign investors in one of Asia's fastest-growing economies.
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While the World Bank has lauded President Duterte’s 10-point socioeconomic agenda, the multilateral lender said it was concerned about “uncertainty” in the direction of economic policies moving forward.
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President Rodrigo Duterte’s seeking of friendlier ties with China and Russia would pave the way for more options for businesses in the country, the Philippine Chamber of Commerce and Industry (PCCI) said on Tuesday.
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President Rodrigo Duterte arrived here at around 8:05 p.m. on Tuesday for a much-anticipated four-day state visit meant to rekindle bilateral ties with China.
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President Duterte will preside over the signing of at least eight major business deals seen to be worth billions of pesos on the second day of his visit to China.
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