-
Senate to resume RCEP deliberations
Farmer groups maintain their opposition against the Regional Comprehensive Economic Cooperation (RCEP) as Senate resumes its deliberations Tuesday, Feb. 7, with the executive branch strongly pushing for the country’s participation in the mega trade deal.
-
Panga to remain PEZA OIC, says Malacanang
Malacanang has ruled that Assistant Director General Tereso O. Panga will remain as officer-in-charge of the Philippine Economic Zone Authority (PEZA) until a new leader is appointed by the President.
-
DOF eyes MIF as alternative financing option
The Maharlika Investment Fund (MIF) would be the alternative source of government financing once the Philippines becomes an upper-middle income economy, which disqualifies the country from less expensive development loans, the Department of Finance (DOF) said.
-
Landbank income up 38.2% in 2022
Government-controlled Land Bank of the Philippines (Landbank) posted a net income of P30.1 billion in 2022, up 38.2 percent from the previous P21.7 billion in 2021.
-
Peso weakens to P55:$1 on inflation concerns
The peso lost to the US dollar on Tuesday, Feb. 7, depreciating back to the P55 level due to the higher-than-anticipated January inflation of 8.7 percent, surpassing consensus forecast of 7.6 percent.
-
26 PH exporters seek presence in Gulf state
Twenty-six Philippine exporters engaged in Halal-certified food, personal care, and cosmetic products are seeking to market presence in the Gulf Cooperation Council (GCC) countries,
-
PH to lose papaya, garment exports if RCEP is not ratified
The Philippines, the second largest papaya exporter in ASEAN, is seen to lose its papaya exports market to Malaysia if the country fails to join the Regional Comprehensive Economic Partnership (RCEP), which will abolish the 24 percent tariff on the exports of this tropical fruit.
-
Stocks slide on higher inflation rate
Local share prices dropped further after the government announced a higher-than-expected inflation rate for January.
-
![[BOI] Social Media Card_Denso SMARTAgri Tech Farm v3](https://mb.com.ph/wp-content/uploads/2023/02/124261-1024x1024.png)
Denso PH starts smart farm in Batangas
Denso Philippines Corporation has started operation of its P60-million hydrophonic smart agri tech farm in Ibaan, Batangas Fresh that seeks to produce high value vegetables and fruits, far from its primary automotive business.
-
-
NHMFC securitizes P715-M housing loans
National Home Mortgage Finance Corporation (NHMFC) has closed its fifth securitization exercise called “BALAI Shelter Compliance ABS” involving total issuance worth around P715.152 million.
-
Globe 2022 income soars 46% to ₱34 B
Globe Telecom Inc. ended 2022 with ₱158.0 billion consolidated service revenues, a modest 4 percent increase year-on-year, resulting in net income of ₱34.6 billion or 46 percent higher than 2021.
-
Spectrum bags Aficionado, Takoyatea solar power contracts
Spectrum, the solar solutions subsidiary of power utility giant Manila Electric Company (Meralco), has cornered perfume label Aficionado and Japanese food house Takoyatea as its new customers for solar rooftop installations.
-
Chevron expands retail network with add’l 28 stations
Chevron Philippines Inc., which carries the Caltex brand of fuel products, has beefed up its retail network with additional 28 gasoline stations that it brought to commercial operations last year.