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Inflationary cash under control despite bank reserve cuts, says BSP

The central bank’s moves to tighten monetary policy while reducing the amount of cash banks are required to hold in reserve — seemingly opposing policies implemented almost simultaneously in recent months — had a net result of draining liquidity from the local financial system, the country’s chief bank regulator said. In a speech delivered to bankers last Frida...

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Southern Leyte pushes for more sustainable development projects

MAASIN CITY – The provincial government here pushes for more sustainable development projects with its Tourism, Environment and Agriculture (TEA) Summit on Tuesday held in this city. The summit is an initiative of the office of the lone district representative of Southern Leyte in support of their Local Development Investment Program for 2018-2022, which was already endorsed by...

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Grand Taipan breaks ground first project in Greenhills

  Real estate industry’s new entrant, Grand Taipan, breaks ground its first and premier residential condominium and serviced residence, the Verano Greenhills. Present during the event were Grand Taipan executives, namely lawyer Antonio Cablitas, presidential adviser on investments, Joeben Tai, president, and Analyn Agabin, vice president for finance. Joi...

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New guidelines set for Cebu City’s high-rise buildings

Cebu City Mayor Tomas Osmeña will now allow real estate developers to construct high rise buildings, or structures with more than four floors. Osmeña, however, required developers to comply with the new set of rules of the building code the Cebu City Government. “I have lifted the ban on high rise construction. We will release the order out but they have...

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PH may lose investment grade ratings, infra funds if LGUs get share from nat’l taxes

The Philippines stands to lose its investment-grade credit ratings and may have to stop construction of big-ticket infrastructure projects if the Supreme Court ruling that grants local government units (LGUs) a share from “all” national taxes gets implemented, Budget Secretary Benjamin E. Diokno said. As such, Diokno said they would ask the Office of the Solicitor General...

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CamSur launches P500-million iconic Capitol Building

THE provincial government of Camarines Sur (CamSur) officially launched last week its iconic P500-million Capitol Building, making it the first local government unit to construct a world-class and eco-friendly infrastructure that preserves culture and supports sustainable tourism, while creating a national symbol that will become a source of pride for the country and its people. &ldqu...

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