Alsons Consolidated Resources Inc. (ACR) of the Alcantara group has listed its P1.0 billion commercial papers issuance with the Philippine Dealing and Exchange Corporation (PDEx), according to the company’s disclosure with the Philippine Stock Exchange. The P1.0 billion issue forms the second...
Davao businessman Dennis Uy is setting his sights next on oil and gas exploration ventures at the West Philippine Sea, primarily at the Recto Bank area, which is currently under exploration moratorium because of the country’s diplomatic tussle with China. Dennis Uy During DOE’s opening of bids...
The domestic automotive industry has urged the Department of Trade and Industry to reconsider its safeguard investigation on imported cars as sales took a dive in August. A joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association...
To sort out pricing The Department of Energy (DOE) is pushing for new amendments to Republic Act 8479 or the Downstream Oil Industry Deregulation Act – and the specific agenda this time is to define “fair pricing adjustment” at the retail pumps. In a budget hearing in Congress, DOE Assistant...
Major player Pilipinas Shell Petroleum Corporation has upped the ante in this week’s pricing competition at domestic oil pumps as it implemented a heftier rollback of P1.55 per liter on diesel products, beating the P1.50 per liter price cut first enforced by competitor-players Unioil and...
The national government’s two main tax agencies have exceeded their reduced collections targets in the first eight-months of the year, but still lower than their performance in the same period last year, the Department of Finance (DOF) said. Based on the preliminary data submitted to the DOF, the...
The series of import bans imposed by the Philippine government on pork and poultry products coming from different countries may result in costlier Christmas for meat loving Filipinos. MB file (Photo by Keith Bacongco) ...
The Philippine government was urged to buy all locally produced palay as farm-gate prices sank to as low as P12.50 per kilogram (/kg), a move that may cost around P152 billion or a whopping 2,000 percent increase from the current budget of the National Food Authority (NFA) for its palay...
The national government’s debt payments declined in July this year due to lower amortization, data from the Bureau of the Treasury showed. The Duterte administration settled P60.91 billion worth of loans in the domestic and foreign markets last July, down by 11 percent compared with P92.46...
The 414-megawatt San Gabriel gas-fired power plant of First Gen Corporation has been on forced outage due to ‘tripping’ or technical glitch, hence, its capacity is not being made available to the grid. “Unit 70 of the company’s 414MW San Gabriel combined cycle power plant tripped on...
Foreign investment approvals fell by more than three-fifths in the second-quarter this year after several areas in the country implemented large scale movement restriction to curb the spread of coronavirus disease. Data from the Philippine Statistics Authority (PSA) showed that total approved...
Counters SWS survey Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno ( Bloomberg file photo) Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said contrary to the latest survey results, the domestic economy is on a recovery path especially with the easing of...
