LATEST NEWS – CONSUMER SPENDING

Consumers, businesses remain bullish this quarter –

CONSUMERS remained bullish this quarter, though less so than in the July-September period, while business confidence improved, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.

Consumers’ “current quarter” confidence index (CI) slipped to 1.3% from 4.6% last quarter, with the reading in the National Capital Region going down to 7.7% from 13.2% and that outside NCR similarly dropping to 0.3% from 3.2%, according to results of the fourth-quarter Consumer Expectations Survey which the BSP conducted last Oct. 1-12 among 5,421 households nationwide. READ MORE

LATEST NEWS – More major infrastructure projects near final approval

THE NATIONAL ECONOMIC AND DEVELOPMENT AUTHORITY (NEDA) Investment Coordination Committee-Cabinet Committee (ICC-CabCom) approved projects on Friday with a total cost of P626.11 billion, officials announced in a press conference after the meeting.

In a statement yesterday, the Department of Finance (DoF) said the projects approved during the meeting were the:

unsolicited operate-add-transfer (OAT) proposal for the Davao International Airport; unsolicited OAT proposal for Laguindingan Airport; Bataan-Cavite interlink bridge; Metro Rail Transit Line 4 project (MRT 4); READ MORE

LATEST NEWS ON MANILA WATER

Regulator to renegotiate Metro Manila water deals –

THE ADMINISTRATOR of the Metropolitan Waterworks and Sewerage System (MWSS) said on Friday that it had given the country’s two largest water concessionaires a chance to renegotiate new terms of their contract with the government, ending speculation on their fate while clarifying issues that have arisen since Dec. 3.

In a statement, MWSS Administrator Emmanuel B. Salamat said his office had been directed to discuss with Manila Water Company, Inc. and Maynilad Water Services, Inc. to remove the supposed “illegal and onerous provisions” of their contract. Read more

PESO REMAINS STRONG
PSEI ESTBLISHES SUPPORT WITHOUT A DOUBT

KEY TAKEAWAYS

  • Stay invested despite negative sentiments
  • In reality Philippines is doing well
  • Data don’t lie

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