Magnitude 5.8 Mindoro earthquake felt in capital

A MAGNITUDE 5.8 earthquake struck north of the island province of Occidental Mindoro on Wednesday morning, with various intensity levels of up to 4 felt in the parts of the capital region. There were no casualties or major infrastructure damage reported in Occidental Mindoro, located off the southwestern side of mainland Luzon. The regional police […]

Magnitude 5.8 Mindoro earthquake felt in capital

A MAGNITUDE 5.8 earthquake struck north of the island province of Occidental Mindoro on Wednesday morning, with various intensity levels of up to 4 felt in the parts of the capital region. There were no casualties or major infrastructure damage reported in Occidental Mindoro, located off the southwestern side of mainland Luzon. The regional police […]

Q1 PEZA investment approvals rise 54%

By Jenina P. Ibañez, Reporter INVESTMENT PLEDGES approved by the Philippine Economic Zone Authority (PEZA) increased by almost 54% in the first quarter after coming off a low base last year. PEZA in a report on Wednesday said that investments went up 53.87% to P25.382 billion based on 57 newly approved projects. The investment promotion […]

Gov’t eyes credit rating system for LGUs by 2022

COURTESY OF DBP FACEBOOK PAGE THE GOVERNMENT is working on establishing a credit rating system for local government units (LGUs) by next year, as part of efforts to encourage them to issue bonds to raise funds for development projects. State-run lender Development Bank of the Philippines (DBP) said in a statement on Wednesday that it […]

Gov’t eyes credit rating system for LGUs by 2022

THE GOVERNMENT is working on establishing a credit rating system for local government units (LGUs) by next year, as part of efforts to encourage them to issue bonds to raise funds for development projects. State-run lender Development Bank of the Philippines (DBP) said in a statement on Wednesday that it is working with the Department […]

PHL economy will struggle to recover — Fitch Solutions

The Philiwppine economy shrank by 4.2% in the first quarter, the fifth consecutive quarter of decline since the pandemic began. — PHILIPPINE STAR/ MICHAEL VARCAS THE PHILIPPINE ECONOMY will likely “struggle to recover” this year amid a “third wave” of coronavirus disease 2019 (COVID-19) infections, renewed lockdown restrictions in the capital region, and a snail-paced […]

PHL economy will struggle to recover — Fitch Solutions

The Philiwppine economy shrank by 4.2% in the first quarter, the fifth consecutive quarter of decline since the pandemic began. — PHILIPPINE STAR/ MICHAEL VARCAS THE PHILIPPINE ECONOMY will likely “struggle to recover” this year amid a “third wave” of coronavirus disease 2019 (COVID-19) infections, renewed lockdown restrictions in the capital region, and a snail-paced […]