The Philippine peso is heading for its biggest quarterly gain in a decade and still has scope to appreciate due to positive fund flows, according to Credit Agricole SA and Nomura Holdings Inc. The local currency has now strengthened 4.6% this year, beating all its developing-nation counterparts...
Trade and Industry Secretary Ramon M. Lopez said they will issue an advisory to the mayors and local government units (LGUs) allowing them to determine the extent of further reopening of business establishments from the current 50 percent. Trade and Industry Secretary Ramon Lope (ALFRED FRIAS /...
To spare Maynilad Water Services Inc. and Manila Water Company Inc. from further financial trouble, the government could only give one last set of reliefs to the respective customers of these water utilities, which includes a 30-day grace period for unpaid bills from August 4 to 18. For the unpaid...
Members of the Philippine Association of Feed Millers Inc. (PAFMI), the largest group of feed millers in the Philippines, has intensified its local corn buying, so far purchasing 133,500 metric tons (MT) of the staple during the peak harvest season. Photo by Milada Vigerova on Unsplash. The local...
The Philippine Association of Meat Processors Inc. (PAMPI) expressed its full support to the proposal of Trade Secretary Ramon Lopez to allow more businesses to operate at their rated capacity to prevent the economy from further deterioration. “While we recognize that there are risks associated...
It will be detrimental for Maynilad Water Services Inc. if the government decides to extend the moratorium on the issuance of water service disconnection notice to consumers, a Maynilad official said. As for Metropolitan Waterworks and Sewerage System (MWSS) Chief Regulator Patrick Ty, he said a...
Due to mounting losses through the years, the ritzy Tower Club, which has the country’s top business owners and executives in its roster of members, is planning to permanently close “due to growing operating losses through the years.” In a statement, Tower Club Inc. said its shareholders have...
Ayala-owned AC Energy Philippines Inc. (ACEN) will be investing P250 million in its subsidiary firm Buendia Christiana Holdings Corporation (BCHC) via shares subscription arrangement. The company disclosed to the Philippine Stock Exchange (PSE) that it already signed a subscription agreement with...
The Securities and Exchange Commission (SEC) has approved the planned P41.55 billion initial public offering of broadband service provider Converge Information and Communications Technology Solutions, Inc. In its meeting on September 24, the Commission En Banc resolved to render effective the...
A modernizing PLDT Inc. will upgrade all customers still using its old, ordinary, copper telephone wires to fiber in the next 18 months, boosting internet speeds for free. "We will grow our business by helping our customers – and the country – rebuild their lives and livelihoods with powerful...
NOW Telecom Company, Inc., aiming to be the country’s fourth telecommunications firm, is looking into the possibility of listing its shares in a stock exchange by way of introduction—a method of going public without an initial stock offering. In a disclosure to the Philippine Stock...
A diversifying firm subsidiary of Uy-led Phoenix Petroleum Philippines Inc. has kicked off pilot deployment of its gas-fired generating sets (gensets) to provide the electricity requirements of Balesin Island in Quezon province....
