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By Ramil Bajo | January 30, 2014 - 12:00am
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The Gokongwei and Gotianun families have received original proponent status (OPS) from the government to take over three regional airports at a higher cost of P21.61 billion.
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Housing loan releases by Home Mutual Development Fund or Pag?IBIG Fund climbed by 15 percent to P69.19 billion in the first half from P60.25 billion a year ago, lifted by a surge in socialized housing under the Expanded Pambansang Pabahay para sa Pilipino Program (Expanded 4PH).
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The Philippines booked a wider budget deficit of P786.8 billion in the first half, but still below the programmed level as revenue collection growth outpaced state spending.Data from the Bureau of the Treasury showed that the government’s budget shortfall from January to June was 2.8 percent higher than last year’s P765.5 billion.
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About 30 companies have expressed interest in investing under Pax Silica, a US-led project to be launched in New Clark City, which is expected to generate as much as P75 billion in annual tax revenues and 190,000 jobs, an official said yesterday.
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Australia announced nearly P1.2 billion in new maritime assistance to the Philippines on Thursday, July 23, including new drones for the Philippine Coast Guard, amid its shared concerns over China's conduct at sea.
1 day ago
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