highway, light trail, long exposure

Metro Pacific South sets aside P 12-B capex in 2021

Metro Pacific Tollways Corp. is setting aside about P12 billion this year for capital spending for three expressway projects in southern Metro Manila and neighbouring provinces. Under subsidiary MPT South Corp., the tollroad giant said the largest share or P6.49 billion would go toward the 45-kilometer Cavite Laguna Expressway (Calax) while P5.34 billion would be…

It’s not just the sites; for travelers, it’s safety first

  With people now more conscious about their health and safety, businesses under the travel and hospitality sector, as they continue to bear the brunt of the pandemic’s economic impact, need to focus on the future of Philippine tourism: to become an industry that creates “low-density and high-value” experiences for consumers. In short, according to…

electricity, power poles, power lines

AEV profit jumps 276% as businesses pick up

Conglomerate Aboitiz Equity Ventures (AEV) saw a 276-percent year-on-year first quarter net profit growth to P7.6 billion, driven by the sharp earnings rebound across its power, banking, food, real estate and infrastructure businesses. Excluding non-recurring items, AEV’s core net income for the first three months of 2021 amounted to P7.8 billion, up by 243 percent…

city, window, architecture

PH banks strong, ready to fund economic rebound, says Diokno

The Philippine economy is well positioned for a sharp rebound after the coronavirus pandemic, thanks to structural reforms implemented after previous crises, especially in the banking system, according to the country’s chief financial regulator. In particular, Philippine banks are strong enough to weather the downturn brought about by the COVID-19 crisis due to their sufficient…

Struggling Boracay business operators hope for better times ahead

ILOILO CITY—Boracay Island’s tourism industry players are struggling to survive and are now pinning their hope on the government’s promised support under a “new normal” era that will focus on an eco-friendly strategy that combines “work and leisure” for tourists going to the island. “The current situation in Boracay is dire with most of the…

architecture, buildings, cars

PH recovery hopes pinned on infra spending

Recovery from the pandemic-induced recession will entail not only fast-tracking mass vaccination and sustaining infrastructure development but also some more additional reforms pushed by President Duterte’s economic team on Monday. Finance Secretary Carlos Dominguez III told the virtual forum that earlier reforms put in place by the Duterte administration eased COVID-19’s impact on the Philippine…