Bilyonaryo - Business

Tugade: DOTr now a better organization than before

June 30, 2022

Bilyonaryo.com

Former Transportation Secretary Art Tugade proudly claimed that he is leaving the Department of Transportation (DOTr) a better agency than what it was prior to his entry.

“Looking at how far we have come, I can proudly say that our toil was not in vain,” Tugade said as he recalled the hardships he and his team faced in the past six years.

“As what we have vowed six years ago, we shall be leaving this organization better than what it was before we came in,” he added.

Tugade said it was the Filipino people who served as his inspiration to keep going amid the challenges.

He said the mandate given to him by former President Rodrigo Duterte was to make the life of the Filipino people comfortable and convenient.

“Six years ago, my heart was full of hope and enthusiasm to give Filipinos an improved quality of life. After six years, my hope and enthusiasm remain the same,” Tugade said.

“As we step down from office, I implore you to give the same, if not more, amount of support and trust to the next administration. Incoming Transportation Secretary Jimmy Bautista has my full support as he committed to study and continue the big-ticket projects and policies of the DOTr,” he added.

Related News Tags: Art Tugade, Department of Transportation, Jimmy Bautista

Cement washout: Debt-saddled Cemex mulling Philippine exit after 16 years

Cemex, S.A.B. de C.V. is “actively evaluating divesting opportunities” in the Philippines after completing a P2.1 billion tender offer.

Lucio Co jacks up stake in PBCOM, buys P213.7 million shares

Bilyonaryo Lucio Co took advantage of the recent slump in Philippine Bank of Communications (PBCom) shares to boost his stake in the country’s 18th biggest lender.

‘Get the press out of here, they’re so useless!’ Paul Soriano cuts short Vanessa Hudgens media interviews because his wife Toni couldn’t wait

This is what Presidential Adviser for Creative Communications Paul Soriano reportedly told the media patiently waiting in line to interview Hollywood actress Vanessa Hudgens.

Gearing up for growth: Jerry Liu’s Cirtek eyes up to P2 billion in debt issuance amid strong recovery

Semiconductor firm Cirtek Holdings Philippines Corp. is set to tap the debt market with a planned issuance of up to P2 billion worth of commercial papers.

World Bank predicts slower growth for Philippines on rising commodity prices, aging population and climate risks

The World Bank has revised its growth projection for the Philippines downward to 5.6 percent this year due to the country’s exposure to a number of economic headwinds, according to its latest report.