Visayas fuel distributor Top Line Business Development Corporation, through subsidiary Light Fuels Corporation, is acquiring the gasoline station of Phoenix Petroleum Philippines, Inc. in Cebu. In a disclosure to the Philippine Stock Exchange, Top Line said its board of directors has unanimously...
The Philippine Stock Exchange index (PSEi) plunged following news of a higher United States (US) inflation rate for June. The main index fell by 121.99 points, or 1.89 percent, to close at 6,337.48 on Wednesday, July 16. Miners and conglomerates led the retreat of all sectors. Volume excluding...
While the Philippine economy has already been recovering from its deep recession during the height of the Covid-19 pandemic, hitting its growth potential of six percent would be challenging given the global uncertainties spilling over domestically, according to the Department of Finance (DOF)....
The Philippines is expected to import more agricultural products over the next decade as its domestic production grapples to meet the demand of a growing economy and booming population. Based on the latest forecast of the Paris-based Organization for Economic Cooperation and Development (OECD) and...
The Economy and Development (ED) Council has approved the North-South Commuter Railway (NSCR) operations and maintenance project, valued at around ₱229.3 billion, during its second meeting on Tuesday, July 15. Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio M....
The Philippine Stock Exchange index (PSEi) reversed Monday’s gains, closing down 65.57 points, or 1.0 percent, on Tuesday, July 15, at 6,459.47. Renewed concerns over US tariffs and a weaker peso weighed on the main index, with conglomerates leading a broad retreat. Volume was lighter at 1.65...
The Department of Labor and Employment (DOLE) is strengthening regional efforts to build a future-ready workforce across Southeast Asia by investing in human capital systems that promote inclusive employment and sustained growth. Pursuing skills-focused policies anchored on mobility, industry...
Fifteen years from now, the Philippine economy could accelerate by 6.8 percent yearly if the country continues to improve regional connectivity, productivity, and resource allocation, the Washington-based World Bank stated. According to the multilateral lender’s latest report on Philippine growth...
The Philippine Stock Exchange has approved the listing of Filinvest Development Corporation’s planned ₱8 billion non-convertible perpetual preferred share offering, which will run from July 21 to July 31, 2025. The bourse said the price or dividend rate for the preferred shares will be set on...
The local stock market bounced back after last week’s decline, which was a knee-jerk reaction to higher tariffs that may be imposed by the United States (US) on Philippine goods. The main index jumped 65.16 points, or 1.01 percent, to close at 6,525.04. Miners and conglomerates led the advance...
A total of 464 square meters of coral reef were damaged when a Chinese fishing militia anchored at a cay near Pag-asa (Thitu) Island in the West Philippine Sea (WPS) in June. This was the revelation made by marine scientists from the Palawan Council for Sustainable Development (PCSD) and the...
While several big-ticket government projects in the pipeline threaten to widen the Philippines’ current account deficit and put pressure on the trade balance, Germany-based Deutsche Bank said this could ultimately benefit the country’s economic growth and strengthen the peso in the long run....
