Transportation Secretary Arthur P. Tugade said Friday San Miguel Corp. has been quietly working on the P735-billion New Manila International Airport project in Bulacan. “Kailan magagawa ang groundbreaking, gustong gusto ko rin itulak ‘yan pero mahalaga na alam natin na may ginagawa ang San Miguel at si Ramon Ang,” Mr. Tugade said at a televised press briefing. (As for when ...

Megaworld Corp. is looking to expand its rental income portfolio by developing its project pipeline in the next five years, the company said on Friday. “We have numerous opportunities to explore in our growth pipeline, and we are prepared to take them on,” Andrew L. Tan, chairman and chief executive officer of Megaworld, said during the company’s stockholders’ meeting. The ...

Cebu Landmasters, Inc. (CLI) is donating a P115-million condominium to Cebu City to offer in-city housing for informal settlers in Cebu City’s Barangay Lorega-San Miguel. “CLI’s goal to help the VisMin (Visayas-Mindanao) housing gap includes well-planned projects for the marginalized,” Jose R. Soberano III, president and chief executive officer of Cebu Landmasters, said in a statement on Friday. The company ...

The peso is expected to trade in a narrow range during the year around the P48-to-the-dollar level before weakening in 2022 as the economy recover, Fitch Solutions said. In a note Friday, Fitch Solutions revised its exchange rate forecast for the year to P48.10 to the dollar from P48.40 previously, noting that the current account is expected to swing to ...

The Bangko Sentral ng Pilipinas (BSP) said it launched a Rural Banking Industry Strengthening Program to make the industry more resilient and responsive to the needs of their host communities. The BSP said an interagency working group will run the program, headed by Monetary Board (MB) member Bruce J. Tolentino, along with officials from the Agriculture and Trade departments. “The ...

The peso closed weaker against the dollar Friday after the central bank assured that policy rates will remain low for as long as needed to support the economic recovery. The peso closed at P48.43 to the dollar against its Thursday close of P48.38, according to the Bankers Association of the Philippines (BAP). Opening at P48.42, the peso posted a low ...

THE Development Bank of the Philippines (DBP) said it will launch a P12-billion credit facility for hog farmers to help the industry recovery from the African Swine Fever (ASF) outbreak.  DBP President and CEO Emmanuel G. Herbosa said in a statement Friday that the lending program will support construction of bio-secure pig farms and equipment acquisition. The special credit facility is known ...

The Big Bad Wolf Online Book Sale Philippines (BBW) will open its virtual doors from June 30 to July 7 and offer 60,000 book titles at discounted prices. "Whenever we do physical sales, we have logistics and location constraints in terms of the number of books we can bring," said BBW co-founder Jacqueline Ng at the event's June 17 launch. ...

The Lung Center of the Philippines has been chosen as a clinical trial site for molnupiravir, an investigational oral antiviral pill being evaluated for the treatment of coronavirus disease 2019 (COVID-19).    Developed by MSD (known as Merck in the United States and Canada) and Miami-based Ridgeback Biotherapeutics, the drug entered Phase 3 clinical trials this June.  The study will be conducted in more than 100 sites worldwide, with a target ...

HONG KONG — Hong Kong democracy supporters flocked to buy copies of pro-democracy tabloid Apple Daily on Friday, citing anger over a police raid of its newsroom as part of an inquiry into whether some articles threatened China’s national security.  The popular 26-year-old paper, which combines liberal discourse with celebrity gossip and investigations of those in power, increased its Friday press run to 500,000 ...

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