Business NEWS

The PSEI started the week lower as investors took profits while waiting for more news expected later this week.

First Gen Corporation are studying to convert its gas plants eventually into hydrogen-equipped facilities, as part of the Lopez group’s long term decarbonization strategies.

AirAsia Philippines is launching its cargo operations and increasing its flight frequency to Zamboanga city to daily starting next month, after installing new x-ray machines and expanding its warehouse, the low cost carrier announced Monday, May 23.

Banks’ loans as alternative compliance to the reserve requirement (RR) increased to P271.1 billion as of mid-April, up by 43.4 percent from same period last year of P189.1 billion, based on Bangko Sentral ng Pilipinas (BSP) data.

With the aid of foreign consultants, the Energy Regulatory Commission (ERC) is firming up the regulatory framework that will guide power utilities in the deployment of advanced metering infrastructure (AMI), or what is generically called “smart or intelligent meters’ in a modernized and digitalized power sector.

Fruitas Holdings, Inc. (FRUIT) returned to profitability with consolidated net income of P6 million of in the first quarter of 2022 from a net loss of P16 million in the same period last year.

Upson International Corporation (UIC), the country’s largest retailer of personal computers and information technology products, is planning to raise up to P5.43 billion from its initial public offering.

Investors and enterprises can now access the Fiscal Incentives Registration and Monitoring System (FIRMS), an online registration where investors can monitor their submitted applications for tax incentives, the Department of Finance (DOF) said.

Investors continued to press for an increase in Philippine benchmark interest rates for short-term loans.

Should the Philippine Senate ratify the Regional Comprehensive Economic Partnership (RCEP) agreement, it will build on the remarkable record of the 18th Congress of approving new laws of immense benefit to the national economy, according to the Joint Chamber of Commerce (JFC).

Presidential Adviser for Entrepreneurship Joey Concepcion expressed support to a labor group’s proposal that government provide a subsidy loan to micro, small and medium enterprises (MSMEs), calling the move a “step in the right direction.”

Motorists filling up their vehicles with gasoline products will need to spend more on their fuel budgets this week, as the price of this commodity will rise by P3.95 per liter, as announced by oil companies,

Union Bank of the Philippines (UnionBank) has started of its public offer of the first digital peso bonds in the Philippines, with a minimum issue size of P1 billion.

Next month, Emirates will roll-out its new hospitality-based strategy, one of the biggest people, process, and product initiative the airline has ever implemented.

Globe Telecom Inc. reported a P20.8 billion mobile data revenues in three months, first time it ever did so, from January to March 2022, as pandemic restrictions ease and user mobility surged.

PAL wins 2 global awards for restructuring program

The Bureau of the Internal Revenue (BIR), the government’s main tax agency, missed its collection goal in the first-quarter due to higher availment of input value-added tax (VAT) credits by businesses.

Ripple, the leader in enterprise blockchain and crypto solutions, today announced its commitment of US$100 million to carbon markets.