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Philippines keeps investment grade rating – S& P

MANILA, Philippines – S& P Global Ratings has kept the Philippines’ credit rating a notch above investment grade with a ‘stable’ outlook but took note of.....»»

Category: financeSource:  philstarRelated NewsSep 21st, 2016

Half of national taxes to go to LGUs in Pimentel bill

MANILA, Philippines – Senator Aquilino "Koko" Pimentel III has refiled a bill that seeks to increase the share of local government units (LGU) in taxes collected by the national government. Senate Bill No. 110, or the  "Bigger Pie, Bigger Slice".....»»

Category: newsSource:  rapplerRelated NewsJul 17th, 2016

Diego Maradona hopeful of future Napoli role

  NAPLES, Italy (AP) — Former Napoli star Diego Maradona is in talks to work with the Serie A side, where he is still idolized nearly 27 years after leaving the club. Maradona, who is in Naples for a theatrical event on Monday celebrating the club's first title win, met with Napoli President Aurelio de Laurentiis on Saturday night. 'It was the first step,' Maradona said Sunday. 'First of all I have to sort out the problems I have here in Italy, then I can work for Napoli in Italy and in the world. 'We have to do things well because I want a winning team, a team that can play on level terms against Juve, Inter, Milan and Roma. He understood immediately because in these years he has grown from a president who didn't know much about football to become an expert today.' An Italian court is scheduled to finally end the decades-long battle between Maradona and the Italian government on Feb. 28. Maradona has always insisted he does not owe any of the millions in back taxes the government claims are due. The 56-year-old Argentine arrived in the city on Saturday night and was greeted by more than 100 cheering Napoli fans, who had waited in freezing temperatures outside his hotel for a glimpse of their idol. 'It continues to surprise me,' Maradona said. 'There are kids who have never seen me play and today they get excited and cry for a photo with me. 'Every day I feel the affection and love the Neapolitan people have for me. The father has transmitted it to his son, who has then transmitted it to his and this will never end. After 30 years the same love continues, like the first woman you have in your life.' Maradona led Napoli to its only two league titles in 1987 and 1990 and scored a club record 115 goals between 1984 and 1991. 'After a match against Cremona at the beginning of the season which didn't count for anything but which drew 80,000 people, I understood that here at Napoli we needed to play for the title,' Maradona said. 'I came from Barcelona, where we could win, draw or lose, but here at Napoli no, I couldn't lose, I told myself then. 'I would have been ashamed to have 80,000 people and then not to win. And we won everywhere, at Juve, at Inter, at Roma... And if now Napoli can think it can win the title, it is thanks to me.' .....»»

Category: sportsSource:  abscbnRelated NewsJan 15th, 2017

Infra investment to boost GDP growth to 7% in 2017 – BPI

Infra investment to boost GDP growth to 7% in 2017 – BPI.....»»

Category: newsSource:  manilatimes_netRelated NewsJan 2nd, 2017

DOF may allow LGUs, GOCCs to deposit funds with other banks

MANILA, Philippines - The Department of Finance (DOF) is set to reverse an earlier order that required local government units (LGUs) and state corporations t.....»»

Category: financeSource:  philstarRelated NewsDec 26th, 2016

Economy: AIIB, gov't positive on rapid financing for key infra projects

THE government and the Asian Infrastructure Investment Bank (AIIB) are eager to get started on identifying and funding infrastructure projects, with officials touting the Beijing-backed lender's speed in evaluating loan proposals and the low cost of its f.....»»

Category: financeSource:  bworldonlineRelated NewsDec 19th, 2016

ARMM LGUs pledge P4.2B for program funds

ARMM LGUs pledge P4.2B for program funds.....»»

Category: newsSource:  mindanaoexaminerRelated NewsDec 2nd, 2016

Index retreats on lack of fresh leads

MANILA, Philippines - Share prices retreated yesterday amid a lack of significant leads to encourage investors to park their funds in equities......»»

Category: financeSource:  philstarRelated NewsNov 28th, 2016

NEDA to draw up list of infra projects for Chinese investment

NEDA to draw up list of infra projects for Chinese investment.....»»

Category: newsSource:  rapplerRelated NewsNov 23rd, 2016

Economy: China infra pledges first in line for implementation

INVESTMENT pledges the Philippines secured from China during President Rodrigo R. Duterte's state visit to Beijing last month may soon be implemented after government officials met with Chinese authorities last week......»»

Category: financeSource:  bworldonlineRelated NewsNov 20th, 2016

Sueno to LGUs: Dare to Innovate, Care to Share Best Practices

Sueno to LGUs: Dare to Innovate, Care to Share Best Practices.....»»

Category: newsSource:  metrocebuRelated NewsNov 16th, 2016

Economy: Infra to shore up late-year growth -- UA&P, FMIC

SLOWER GROWTH in the three months to September will be offset in the rest of the year by strong infrastructure spending, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a report......»»

Category: financeSource:  bworldonlineRelated NewsNov 16th, 2016

Economy: Competition, 4G investment to pressure telco margins -- Fitch

REVENUE growth of Philippine telecommunications companies is expected to come under pressure next year, with EBITDA (earnings before interest, taxes, depreciation and amortization) margins shrinking the most among Asian markets amid fiercer competition an.....»»

Category: financeSource:  bworldonlineRelated NewsNov 14th, 2016

Japanese agency affirms Philippine investment grade rating

MANILA, Philippines – Tokyo-based debt watcher Rating and Investment Information Inc......»»

Category: financeSource:  philstarRelated NewsNov 14th, 2016

Japan credit rater keeps PHL's investment grade

A JAPAN-BASED debt watcher has affirmed the Philippines’ credit rating, citing favorable economic conditions that are expected to support further growth, but flagged the new administration’s take on foreign policy and its war on drugs as sou.....»»

Category: newsSource:  bworldonlineRelated NewsNov 13th, 2016

117 LGUs hold on to P580M in unconstitutional pork barrel funds

117 LGUs hold on to P580M in unconstitutional pork barrel funds.....»»

Category: newsSource:  rapplerRelated NewsOct 27th, 2016

BDO notes assigned at investment grade

MANILA, Philippines – Moody’s Investors Service has assigned an investment grade rating on the $2 billion medium term note program launched by BDO Unibank In.....»»

Category: financeSource:  philstarRelated NewsOct 15th, 2016

Govt eyes China infra funds

Govt eyes China infra funds.....»»

Category: financeSource:  thestandardRelated NewsOct 9th, 2016

Collect real property taxes, Pampanga LGUs told

SAN FERNANDO, Pampanga, Philippines – Gov......»»

Category: newsSource:  philstarRelated NewsOct 5th, 2016

Neda unit endorses P52-b infra projects

The Investment Coordination Committee-Cabinet Committee endorsed P52.2 billion worth of infrastructure projects, including a larger port terminal in Cebu and a new toll road in Bulacan, for the approval of the National Economic and Development board heade.....»»

Category: financeSource:  thestandardRelated NewsOct 2nd, 2016