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American Airlines mechanic accused of sabotaging flight

In this Wednesday, May 27, 2015, file photo, an American Airlines jet taxis to the gate at Miami International Airport, in Miami. (AP Photo/Lynne Sladky, File) David Koenig and Curt Anderson, The Associated Press Published Friday, September 6, 2019 2:04AM EDT Last Updated Friday, September 6, 2019 6:53PM EDT MIAMI …

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U.S. Treasury unveils plan to privatize Fannie Mae, Freddie Mac

This Monday, Aug. 8, 2011, file photo shows the Fannie Mae headquarters in Washington. The Trump administration has unveiled its plan for ending government control of Fannie Mae and Freddie Mac, those are the two giant mortgage finance companies that nearly collapsed in the financial crisis 11 years ago and …

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Government debt seen rising to P8T by end-2020

By MAYVELIN U. CARABALLO, TMT September 04, 2019 THE national government’s outstanding debt is projected to breach the P8-trillion mark by end-2020, Department of Budget and Management (DBM) data showed on Tuesday. According to the department’s Budget of Expenditures and Sources of Financing, government debt will hit P8.76 trillion by …

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Improved PH nickel mining seen this year

By EIREENE JAIREE GOMEZ September 05, 2019 Following years of decline, the country’s nickel mining industry may improve in 2019 as suspended mining firms are expected to resume operations, an international research group said. “We expect the Philippine nickel mining sector to see improved growth in 2019 on the back …

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Psalm seeks ERC help to collect P216-M debt

By MAYVELIN U. CARABALLO, TMT September 05, 2019 State-run Power Sector Assets and Liabilities Management Corp. (Psalm) has appealed for the resolution of pending cases at the Energy Regulatory Commission (ERC) involving P216-million worth of unpaid dues of several distribution companies and industries, the Department of Finance (DoF) revealed on …

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PSEi snaps slide ahead of inflation data

By TYRONE JASPER C. PIAD September 05, 2019 INVESTORS went bargain-hunting again on Wednesday, allowing the stock market to snap a two-day slide. The bellwether Philippine Stock Exchange index (PSEi) rose 0.46 percent or 36.15 points to finish at 7,840.86, while the wider All Shares jumped by 0.28 percent or …

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Peso returns to P51 vs dollar

By MAYVELIN U. CARABALLO, TMT September 05, 2019 THE Philippine peso recorded its strongest level in almost a month against the US dollar as external and domestic developments supported the local currency to return to P51:$1 on Wednesday. The peso, which opened at P52.25 against the greenback, gained 38 centavos …

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Office space demand surpasses supply

By ANNA LEAH E. GONZALES September 05, 2019 OFFICE spaces available for the information technology-business process outsourcing (IT-BPO) sector in the country’s accredited economic zones (ecozones) are no longer enough to meet demand, an industry group has warned. On the sidelines of the Digital Disruption 2.0 forum in Pasay City …

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