Globe Telecom Inc. gets a boost for its expansion after hauling in 190 permits from 85 local government units (LGUs) in one month, this August. Of the 190 permits granted, ranging from Bangued, Northern Luzon to Butuan City, Northeastern Mindanao, 37 were given in record time by 17 local government...
After signing of MOA with AFP (Facebook / MANILA BULLETIN) The third telco will never compromise the country's security. In fact, DITO Telecommunity's Memorandum of Agreement (MOA) with the Armed Forces of the Philippines (AFP) has the same provisions and commitment to national security as...
For disaster resilience The Asian Development Bank (ADB) has approved a new loan allowing the Philippines to quickly access emergency financing in the event of disasters triggered by natural hazards and public health emergencies. In a statement, the Manila-based financial institution announced...
Philippine borrowers are looking to raise fewer bonds overseas in the coming months, taking away a pillar of strength for the peso. The peso led the advance among Asian currencies this year with 4.3% gains as the nation’s borrowers raised a record $11.4 billion dollars via international bond sales...
A proposed Natural Gas Industry Bill in the Senate is eyeing to enforce two-tiered permitting for liquefied natural gas (LNG) import terminals to clearly demarcate if the facility is for the own-use of the owner and operator; and a separate permit is required if it targets to market the gas...
No pandemic will put off the annual Philippine Travel Exchange (PHITEX), biggest government-organized annual travel trade event since 1996, which will take place in the next two weeks. But, the Tourism Promotions Board (TPB) said things are going to be “business unusual” for the event, which...
Ayala Corporation and its partner UPC Renewables had divested their 20-percent shareholdings in Australian firm Infigen Energy, following failed bid in acquiring the latter’s renewable energy platform. The stake was sold by UAC Energy Holdings (the Ayala-UPC joint venture corporate vehicle) to...
Exports from the Authority of the Freeport Area of Bataan (AFAB), home to the country’s biggest leather goods manufacturers, declined by 23.69 percent following weak global demand that caused temporary closure of some firms and the retrenchment of at least 18,000 workers. AFAB Administrator...
Uy-led Phoenix Petroleum Philippines Inc. has sealed a strategic partnership with state-run Indonesian firm PT Pertamina, for fuel trading which will be channeled through the latter’s Singapore-based subsidiary. The Filipino listed firm disclosed to the Philippine Stock Exchange (PSE) that its...
Private transmission firm National Grid Corporation of the Philippines (NGCP) is stepping up on the upgrade and modernization of its facilities – a move that is also reinforcing the digitalization of its operations which is crucially needed in this time of a pandemic. The company apprised the...
Trade deficit in the agriculture sector fell during the second quarter of the year amid lower imports and exports, a Philippine Statistics Authority (PSA) showed. The Philippines’ agricultural trade slowed down in the second quarter of the year – with its value slumping by 20 percent to US$4.07...
Starting with P20 billion MB file photo. For the first time since the “JOBO” Bills in the 1980s, the Bangko Sentral ng Pilipinas (BSP) will issue P20 billion of 28-day BSP Bills on September 18 as an additional monetary instrument to manage market liquidity. The BSP said the initial offering...
