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MANILA - Japan and the Philippines on Thursday signed the 253.3-billion-yen (PHP112.1 billion) loan agreement for the Metro Manila Subway Project Phase 1. The Japanese Embassy in Manila said this second tranche of official development assistance loan follows Tokyo's first tranche funding of 104.53 billion yen, which was signed in March 2018. The agreement was inked by Finance Secretary Carlos Dominguez III and Japan International Cooperation Agency (JICA) Philippines Representative Azukisawa Eigo in a ceremony also attended by Japanese Ambassador Koshikawa Kazuhiko. "The Metro Manila ...

CITY OF SAN FERNANDO, Pampanga - The Department of Public Works and Highways in Central Luzon (DPWH-3) said on Friday it will implement a total of 2,214 infrastructure projects this year. DPWH-3 Regional Director Roseller A. Tolentino said some PHP70.77 billion was allocated for the implementation of various projects in the region under Republic Act (RA) No. 11639, the "General Appropriations Act (GAA) for Fiscal Year 2022". "The DPWH Regional Office and our 14 District Engineering Offices will continue to implement various projects under the asset and network development progra...

PNA file photo MANILA - Factors supporting continued economic rebound this year, including increased government spending for infrastructure, remain abundant especially after the economy posted another recovery in the last quarter of 2021, an economist said. In a report, Rizal Commercial Banking Corporation (RCBC) chief economist Michael Ricafort said "bright spots" for the domestic economy this year also include the resiliency of overseas Filipino workers' (OFW) remittances, recovery of imports and exports, pre-pandemic levels of foreign direct investments (FDIs), near the pre-pa...

File photo MANILA - The government aims to bring down the unemployment rate close to pre-pandemic level of around 5 to 5.5 percent this year, Department of Trade and Industry (DTI) Secretary Ramon Lopez said Tuesday. In a virtual presser of the Presidential Communications Operations Office-Office of the Global Media and Public Affairs, Lopez said the unemployment rate slowed down to 6.5 percent last November from a peak of 17.6 percent in April 2020. "Our goal in 2022 is to further increase our job generation efforts to close down (the) unemployment rate nearer to pre-pandemic levels,&quo...

DTI Secretary Ramon Lopez MANILA - Department of Trade and Industry (DTI) Secretary Ramon Lopez has lauded real estate developer Haus Talk, Inc. for being the first small and medium enterprise (SME) to be publicly listed for this year. Madlambayan family's business Haus Talk conducted its initial public offering (IPO) on the Philippine Stock Exchange (PSE) on Monday. In his statement during the PSE listing of Haus Talk, Lopez said public listing could help SMEs to expand their businesses by tapping more financial resources through IPO. "May this IPO serve to inspire more MSMEs to aspi...