The Philippines and Japan signed on Friday the 104.53 billion yen loan agreement for the construction of the first phase of the Metro Manila Subway Project, which aims to ease traffic congestion, meet fast-rising transportation demand, and reduce air pollution in the country’s premier urban center.
Read MoreSingapore, 16 March 2018 – The Philippine economy continues to enjoy favorable macroeconomic prospects despite a slight moderation in growth and the small deficit in the current account balance in 2017. This is according to the 2017 Annual Consultation Report on the Philippines published by the ASEAN+3 Macroeconomic Research Office (AMRO) today. The report was prepared on the basis of AMRO’s Annual Consultation Visit to the country in September 2017 and data availability as of 15 February 2018.
Read MoreThe government is targeting to bid out some P98.32 million-worth of state-owned assets in the first quarter of 2018, according to the Privatization Management Office (PMO) of the Department of Finance (DOF).
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