MANILA – Concerns on the possibility of an earlier-than-expected increase in the Federal Reserve rates resulted in the negative close of both the Philippine Stock
Category: Business
Firm gets 25-year contract with Cebu water district
CEBU CITY – Power company Vivant Corp. on Monday announced that its wholly-owned subsidiary, Vivant Hydrocore Holdings Inc. (VHHI), has been awarded a 25-year bulk water
BSP seen to hold rates steady at its June policy meeting
MANILA – Fragile economic situation in the Philippines due to the pandemic is expected to be the reason for the Bangko Sentral ng Pilipinas (BSP)
FTAs open more overseas prospects for PH construction industry
MANILA – Department of Trade and Industry (DTI) Secretary Ramon Lopez said the country’s free trade agreements (FTAs) have opened more opportunities overseas for Philippine
Reliable power system to boost economic recovery: DOE exec
MANILA – A Department of Energy (DOE) official has urged stakeholders in the power sector to abide by the policies set by the agency to
T-bill rates fall on sustained low interest rate expectations
MANILA – The rates of treasury bills (T-bill) declined across-the-board on Monday partly on expectations of a sustained low interest rate environment. The average rate
Strong macro-fiscal foundation key to dealing with pandemic: NEDA
MANILA – A strong macro-fiscal foundation is vital for economies to weather shocks, such as the coronavirus disease 2019 (Covid-19) pandemic, the National Economic and
Oil prices up 4 weeks in a row
MANILA – Oil firms are set to raise their prices starting Tuesday, marking the fourth consecutive week of an increase. In separate advisories, Caltex, Cleanfuel,
Unhampered biz ops in Siargao Islands assured
MANILA – Department of Energy (DOE) Secretary Alfonso Cusi has expressed his support for local businesses in Siargao who are struggling to process their documentary prerequisites to
PAL pinning to raise $505M amid ongoing talks with lessors
Philippine Airlines fleet (Photo courtesy by Skytrax) By Jonathan Burgos (Forbes Asia) The Philippine Airlines—controlled by billionaire Lucio Tan—is seeking to raise $505 million through
