Trade and Industry (DTI) Secretary Ramon M. Lopez said the decline in the country’s Purchasing Managers’ Index (PMI) or factory output in October as “marginal” saying the economy is just on a temporary pause. “The slight decline in the Philippine manufacturing PMI merely reflects a pause...
Diversifying conglomerate San Miguel Corporation indicated that it is still weighing in if it will pursue its intent to join the bidding for the 45-percent stake of Shell Philippines Exploration B.V. (SPEX) in the multi-billion Malampaya deep-water-gas to power project. SMC President and COO Ramon...
From mammoth losses incurred in the first semester, leading oil firm Petron Corporation bounced back with P1.63 billion net income in the third quarter of this year and that was propelled mainly by stronger performance on the retail segment of its business. The oil firm classified that it was still...
Government policymakers are being urged to save Petron refinery from its shutdown plan, because it is the only remaining strategic asset that could ensure the country’s energy security goals. Photo credit: https://www.petron.com/ Senate Committee on Energy Chairman Sherwin T. Gatchalian advanced...
San Miguel Corporation (SMC) is mobilizing its resources to quickly deliver much-needed food relief to the Bicol region and other provinces hit by super typhoon Rolly. SMC president and chief operating officer Ramon S. Ang SMC president and chief operating officer Ramon S. Ang said that the company...
To prop the country’s need for more flexible power capacity, the energy investment arm of San Miguel Corporation (SMC) will be building 2,550 megawatts of power facilities that will be utilizing imported liquefied natural gas (LNG) and...
Trade and Industry Secretary Ramon M. Lopez has pushed for more investments and innovation in agriculture in Mindanao stressing this is the best way to ensure growth for this industry and maximize its huge potential to help in the country’s economic recovery. Trade and Industry Secretary Ramon...
Diversified conglomerate San Miguel Corporation (SMC) has successfully raised P20.0 billion from its issuance of Series 2-J preferred shares which have been listed at the Philippine Stock Exchange. A total of 266.67 million Series 2-J preferred shares were sold to the retail, institutional and...
The medical devices market manufacturing industry in the country is expected to expand up to $744.7 million, according to Trade and Industry Secretary Ramon M. Lopez. In a speech at the virtual “Make it Happen Philippines Campaign” soft launch, Lopez highlighted the prospects for this growing...
The P10-billion Northbound section of San Miguel Corporation (SMC)'s Skyway Extension is now 70 per cent done and on-schedule to be finished by year-end, president and chief operating officer Ramon S. Ang announced yesterday. The project, which SMC fully funded, will extend the Skyway...
Leading oil industry player Petron Corporation has laid down the inevitable – that it will be compelled to close shop on its 180,000 barrels per stream day Limay refining facility in Bataan, if no legislative remedies or measures will be passed to level the playing field of taxation in the...
Google Philippines has introduced initiatives to support the country’s safe economic recovery through: MSME Caravan, free listings on Google Shopping tab, and Google Maps for local tourism. In partnership with the Department of Trade and Industry, MSME Caravan aims to train micro, small, and...
