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Index breaks through 8,100 barrier
MANILA, Philippines - The main composite index broke through the 8,100 barrier for the first time this year yesterday, boosted largely by growing investor confidence on the strength of the economy.After staying in the negative territory early in the day, the Philippine Stock Exchange index (PSEi) rose 50.33 points to close at 8,102.30, its best finish in 15 months.PSE president Hans Sicat said investors are returning to the market.“We see local and foreign investor confidence getting a boost from expectations that the Philippine e... Philippine economy could grow up to 6.5% – S&P
MANILA, Philippines - S&P Global Ratings expects the Philippine economy to grow between six and 6.5 percent over the near term after a smooth transition of power to the Duterte administration.In a report, S&P said the underlying demographic trends in the Philippines would continue to drive growth at six to 6.5 percent.S&P said the country’s GDP is expected to expand 6.1 percent this year, 6.3 percent next year, and 6.2 percent in 2018.The economic managers of President Duterte lowered the GDP growth target to a range of six to sev... Gov’t to spend P900B on infra projects - \'Golden Age of Infrastructure\' in nest 6 years
The Duterte administration’s plan to jack up infrastructure spending to as much as 7 percent of the economy by 2022 would bring about a “golden age of infrastructure” in the next six years, Budget Secretary Benjamin E. Diokno said Wednesday.Still, Diokno told reporters that despite the planned spending boost, it might take a decade before the infrastructure gap in the country would be totally addressed.The budget chief was also proposing more “hybrid” public-private partnership (PPP) projects to speed up infrastructure develop...
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President Rodrigo Roa Duterte took his oath, at noon today, June 30, as the Republic of the Philippines’ 16th President in a ceremony held at Malacañan Palace in Manila. 
Vice President Leni Robredo also took her oath as the Republic’s 14th Vice President in a separate ceremony held at the Reception House in Quezon City.
Immediately after his oath-taking, President Dut...
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