By Delon Porcalla (The Philippine Star) Updated April 28, 2011 12:00 AM MANILA, Philippines – President Aquino led the inauguration yesterday of the newly-completed Manila-Cavite Toll Expressway tollway or “Cavitex”, a seven-kilometer that directly links Cavite to the coastal road. The inauguration caps several inaugurations made by Mr. Aquino’s predecessors – former presidents Fidel Ramos, Joseph Estrada and […]
AS THE WORLD bounced back from the 2008 financial crisis, so did the Philippine economy strengthen in 2010, propped up by spending for another presidential election. The World Bank said this reflected “rapid recovery and election-related spending amidst a strong external position which has led to a sovereign credit rating upgrade in November (2010) by […]
In June, PAGCOR experienced its most significant event for 2007 the passage of the Republic Act 9487 otherwise known as the PAGCOR Bill. Signed into law by no less than the President, this important piece of legislation grants the state run gaming firm a 25-Year extension to its franchise, renewable for another 25 years. This […]