Business & Economy

Radical plan to give land for free to poor farmers

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A new agrarian reform program that seeks to distribute lands for free to farmers is emerging as the centerpiece of an agreement on radical social and economic reforms that will form part of a peace pact between the incoming Duterte administration and the National Democratic Front of the Philippines (NDFP).

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Saudi prince congratulates Aquino on 6 years of PH growth

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A member of the Saudi royal family who was once called the “Arabian Warren Buffett” congratulated President Benigno Aquino III for his achievements during the last six years, Malacañang said on Monday, May 23.

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‘Duterte admin will honor contracts between gov’t, private sectors’

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DAVAO CITY -- The new administration of President-elect Rodrigo Duterte will respect the sanctity of contracts, incoming Department of Transportation and Telecommunications Secretary Arthur Tugade said, sending a wave of assurance among beleaguered telecommunications companies.

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Rody tells telcos: Shape up or face new competition

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DAVAO CITY - The two dominant telecommunication firms in the country better shape up and improve the speed of Internet download, one of the slowest in the world.

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Aquino brought PH economy ‘beyond everyone’s expectations’

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The story of Cristina Reyes was one that outgoing President Aquino always shared with the people in his campaign stump for then presidential candidate Mar Roxas.

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Saudi Arabia needs workers, says envoy

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Saudi Ambassador to the Philippines Abdullah Al-Bussairy on Monday, May 23, said the demand for Filipino workers in Saudi Arabia had been on a steady rise despite the continuing decline in global oil prices.

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The Aquino legacy: solid macroeconomy, healthy finances

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Of the fact that the Philippine economy grew during the presidency of Benigno Aquino III, there is no doubt.

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UK think tank tells Duterte: Rough talk will turn off investors

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Incoming President Rodrigo R. Duterte’s plan to change the form of government may not sit well with investors, UK-based think tank Oxford Economics said Monday, May 23.

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Rickety trains, aging airports spoil Aquino’s parade

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It’s been six years of hits and misses for infrastructure projects under the term of President Aquino. The outgoing administration made big promises to address the country’s infrastructure backlog - some of these fulfilled but a great deal more left for the incoming administration to implement.

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PH has worst unemployment rate despite high GDP growth - Ibon

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An independent research group said the Philippines still has the “worst” unemployment rate in Asia despite posting a 6.9-percent growth in gross domestic product.

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