The Development Bank of the Philippines (DBP) signed a P5.7-billion long-term loan agreement with a subsidiary of the country's biggest steel manufacturer, Compostela Steel Inc. (CSI), for the construction of its largest facility in Compostela, Cebu. CSI, a subsidiary of Steel Asia Manufacturing...
Despite the declining prices of locally produced palay, the Philippine government agencies are in full force to defend the Rice Tariffication Law (RTL), which allowed the unlimited entry of cheaper imported rice in the country. On Thursday (Oct. 8), four government agencies – the Department of...
It’s a gathering of almost anything and everything Filipino in the 4th edition of the Pista ng Pelikulang Pilipino (PPP) that features at least 145 titles — 67 full-length films and 78 short films. The Film Development Council of the Philippines (FDCP), as organizer of the PPP, extends the call...
Panay Energy Development Corporation (PEDC), a subsidiary of Global Business Power Corporation (GBP), was bestowed highest compliance rating among coal-fired power plants in the country, on its adherence to the rules being enforced by the Wholesale Electricity Spot Market. The company, in a...
Businesses are pessimistic about their operations in the short-term as sales revenue remained depressed despite the easing community quarantine, a survey commissioned by the government and World Bank revealed. Based on the results from the Philippines COVID-19 firm survey, business owners claimed...
It is crunch time for the Metropolitan Waterworks and Sewerage System-Regulatory Office (MWSS-RO) in terms of looking into the tariff impact of pending water project proposals — such as Manila Water's P14-billion Laguna Lake East Bay project — and securing the public approval for these. (MWSS /...
The local stock market posted a small gain yesterday on quarter-end window-dressing. The Philippine Stock Exchange index (PSEi) added 22.63 points, or 0.39 percent, to close at 5,864.23 although the Financials and Industrial counters retreated. Volume remained weak at 1.07 billion shares worth...
Local stock prices weakened yesterday as investors continue to wait for market moving news. The Philippine Stock Exchange index (PSEi) dropped 19.79 points, or 0.34 percent ,to close at 5,841.60 with sectoral indices evenly split between advancers and decliners. Volume was slightly higher at...
The local stock market was flat again Wednesday as investors lack reason to aggressively buy or sell stocks amid so much uncertainty. The Philippine Stock Exchange index (PSEi) shed 1.56 points ,or 0.03 percent, to end at 5,892.72 with only the Industrial and Holding Firms counters in the...
The local stock market declined on Tuesday despite some late bargain hunting. The Philippine Stock Exchange idex (PSEi) dropped 15.04 points, or 0.26 percent, to 5,894.28 with only the Holding Firms and Services sectors steady. Volume remained low at 4.4 billion shares worth ₱4.63 billion as...
Mindanao is planning to restrict the entry of imported agricultural products, including rice, as one of the strategies to restart the region’s economy during the pandemic. Mindanao Development Authority (MinDA) Chair Emmanuel Piñol (MARK...
Clark Freeport -- Home of the Brave (Photo courtesy of Quest Hotel) Assuming that the Inter-Agency Task Force poses no objection, a 350-man Philippine Basketball Association entourage — from members of the 12 ball clubs, league officials, technical staff and medical personnel to a TV crew and a...
