Balance of payments stays in surplus for 7th month in a row
Data from the Bangko Sentral ng Pilipinas (BSP) showed the $657 million surplus booked in August was 33% up from the surplus of $493 million logged a year ago, and significantly higher than the $8 million surfeit in July. This is also the highest surplus since May’s $2.431 billion.
PNOC dangles initial offer for Shell’s stake in Malampaya
State-run Philippine National Oil Company (PNOC) has initially sounded off interest in the 45-percent shareholdings of Shell Philippines Exploration B.V. (SPEX) in the multi-billion Malampaya gas field venture.
LGUs release 933 telco permits as ARTA steps in
Local government units (LGUs) have released 933 telco permits after the Anti-Red Tape Authority (ARTA) issued strict compliance orders.
DOE chief shares PH’s move to tap nuclear power at int’l meet
Department of Energy (DOE) Secretary Alfonso Cusi said the Philippines is on its journey to explore the potentials of nuclear power as a reliable source of energy.
Sangley airport proponents get fresh 90-day extension
Lucio Tan’s MacroAsia Corp. and its Chinese partner have been given another extension to complete their post-qualification requirements for the Sangley Point International Airport (SPIA) project…
Bello pushes for salary hike for nurses, medical workers in private hospitals
Labor Secretary Silvestre Bello III revealed that he will submit a proposal to the Inter-Agency Task Force for Emerging Infectious Diseases (IATF-EID) to increase the salary of nurses and medical workers in private hospitals.