Former Defense chief Delfin N. Lorenzana has been tapped by President Ferdinand R. Marcos, Jr. to lead the Bases Conversion and Development Authority (BCDA), according to the Department of National Defense (DND). READ:
The BCDA is a government-owned and controlled development corporation created by law to develop former US military reservations and properties, including what
used to be the Subic naval and Clark air bases.The BCDA has contributed to the funding of the Armed Forces of the Philippines Modernization Program over the years,
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IMF chief says 'cannot rule out' possible global recession - BusinessWorld OnlineThe head of the International Monetary Fund (IMF) on Wednesday said the outlook for the global economy had “darkened significantly” since April and she could not rule out a possible global recession next year given the elevated risks.IMF Managing Director Kristalina Georgieva told Reuters the fund would downgrade in coming weeks its 2022 forecast for […]
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Philippines ranks 30th in Global Business Complexity Index - BusinessWorld OnlineBusiness environment in the Philippines worsened as it climbed seven notches to 30th out of 77 jurisdictions in the 2022 edition of the Global Business Complexity Index. READ:
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Gatchalian eyes probe on Occidental Mindoro power supply woes - BusinessWorld OnlineA SENATOR, who used to chair the chamber’s energy committee, seeks a probe on the repeated power interruptions in Occidental Mindoro, with one recent incident leaving the province without supply for three days.
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