Balance of payments stays in surplus for 7th month in a row

BusinessWorld, September 25, 2020
Luz Wendy T. Noble

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.
(Member Content)

PNOC dangles initial offer for Shell’s stake in Malampaya

Manila Bulletin, September 24, 2020
Myrna M. Velasco

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.
(Member Content)

LGUs release 933 telco permits as ARTA steps in

Manila Bulletin, September 23, 2020
Bernie Cahiles-Magkilat

Local government units (LGUs) have released 933 telco permits after the Anti-Red Tape Authority (ARTA) issued strict compliance orders.
(Member Content)

DOE chief shares PH’s move to tap nuclear power at int’l meet

Philippine News Agency, September 23, 2020
Kris Crismundo

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.
(Member Content)

Sangley airport proponents get fresh 90-day extension

Philstar, September 25, 2020
Richmond Mercurio

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…
(Member Content)

Bello pushes for salary hike for nurses, medical workers in private hospitals

CNN Philippines, September 23, 2020
Tristan Nodalo

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.
(Member Content)