MANILA, Philippines — The completion of new public projects such as airports, seaports, expressways and railways should bode well for property developers and occupiers in the country, as well as spur demand for spaces outside the capital. The success of President Rodrigo Duterte’s plan to improve the country’s infrastructure backbone will strongly influence the direction of re...
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Metro Manila, the Philippines’ economic center in the capital region, is the most congested city in Asia, a study by the Asian Development Bank (ADB) showed. Metro Manila is “the most congested city in the developing Asia,” ADB director for Macroeconomics, Economic Research and Regional Cooperation Adbul Abiad said in a press conference in Mandaluyong City on Wednesday. &nb...
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THE PHILIPPINES edged up just a notch on IMD business school’s annual world digital competitiveness index after last year’s 10-place drop, but it remained third to the last among Asia-Pacific economies covered. The Philippines placed 55th overall out of 63 economies, but stayed 12th out of 14 in Asia and the Pacific, ahead again of Indonesia and Mongolia in the region....
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TO BOOST the country’s renewable energy (RE) sector, the Department of Energy (DOE) is looking into floating solar energy to complement the existing natural sources. Energy Secretary Alfonso Cusi said several pilot programs on floating solar energy were launched to increase efforts of the country to attain its goal of energy security. “It is still in its pilot stages in our count...
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THE Iloilo Provincial Government is upgrading its preparation and response during disasters. Governor Arthur Defensor Jr. called a meeting with the department heads of the concerned offices such as the Provincial Disaster Risk Reduction and Management Office (PDRRMO), Provincial Social Welfare and Development Office (PSWDO), Provincial Health Office (PHO), Provincial Engineer’s Office (PE...
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THE Metropolitan Bank & Trust Co. (Metrobank) was recognized in the Peso Medium-Term Bond Category of the Best Managed Funds of the Year Awards by the Chartered Financial Analyst (CFA) Society of the Philippines. Metrobank bested almost 90 funds from 16 competing investment houses and trust institutions that joined the search. The bank was commended for its Metro Max-3 Bond Fund, a peso-...
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