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...
A petition asking President Duterte to declare all public lands in Mindanao as economic zones is gathering steam to ensure progress and development in the country’s second largest island, but which hosts some of the poorest areas in the country, while the Mindanao-born president is still in...
The Bureau of the Treasury said the government will closely coordinate with the Bangko Sentral ng Pilipinas (BSP) for the issuance of their respective debt papers. National Treasurer Rosalia De Leon said yesterday that the local financial market is awash with cash and can accommodate the...
The Bangko Sentral ng Pilipinas (BSP) has raised the term deposit facility (TDF) offer volume this week to P360 billion from P310 billion last September 2, with results still at oversubscribed levels while yields are mixed. The TDF had P541.44 billion tenders. The 7-day tenor has a higher volume...
Consumers of Manila Electric Company (Meralco) will benefit from a slight reduction of P0.0623 per kilowatt hour (kwh) in this September billing -- summing up five straight months of tariff downtrends for this year. (MANILA BULLETIN) For end-users in the consumption threshold of 200 kilowatt hours...
After successful return to practice, Marcial hopes favorable response from JAO Group for scrimmages PBA commissioner Willie Marcial (PBA Images) PBA commissioner Willie Marcial is taking the next big step to restarting the stalled Philippine Cup two weeks after the pro league got the green light...
