• 28 May 2015
MANILA, May 28 - A world-class, eco-friendly airport will soon rise in Bohol.The Department of Transportation and Communications (DOTC) and winning bidder, Japanese joint venture Mitsubishi Corporation and Chiyoda Corporation holds a ceremonial signing of the New Bohol (Panglao) Airport Project Wednesday. “Tourists in Bohol continue to grow each year that passes. Unfortunately, the current airport may not be able to accommodate the increase over time. This gives us the need to cater to the increasing number of tourists and this means modernizing and expanding the airport with a design that is of international standards,” said DOTC Secretary Jun Abaya. The P 7-Billion project will start in June and is expected to be completed within thirty (30) months or in 2017 to early 2018. DOTC said the New Bohol Airport will replace the current Bohol gateway, Tagbilaran Airport, which is the eleventh (11th) busiest airport in the country. Tagbilaran airport catered to around 789,800 passengers in 2013 despite its size of only 850 square meters. The first greenfield airport under the Aquino Administration is ten times bigger than the Tagbilaran Airport, with a floor area of around 8,800 ...Read more

Gov't 1Q spending shows accelerating trend

 CENTRAL  28 May 2015
MANILA, May 28 – Government spending has improved within the first quarter this year resulting in disbursements that totaled P504 billion which is P21.5 billion  higher than releases made from January to March last year, the Department of Budget and Management (DBM) announced Wednesday. DBM said ...Read more

APEC ministers agree to endorse action agenda for small businesses    

 CENTRAL  28 May 2015
MANILA, May 28 --Asia-Pacific Economic Cooperation (APEC) ministers who recently met in Boracay, Aklan, have agreed to endorse the Boracay Action Agenda to globalize micro, small and medium enterprises (MSMEs) to the APEC leaders during the 2016 APEC summit in Peru, Trade Secretary Gregory Domingo s ...Read more