SEC warns vs. 4 unregistered investment platforms By James A. Loyola The Securities and Exchange Commission (SEC) has advised the public against dealing with four entities due to their unauthorized solicitation of investments without the necessary license from the Commission. These firms are OctaFX...
Some consumers’ pockets will be on distress again next week, especially those who are filling up their vehicles with gasoline, which is anticipated to rise by P0.70 to P1.20 per liter, based on the estimates of the oil firms. Conversely, diesel products may have marginal price reduction of P0.10...
State-run Power Sector Assets and Liabilities Management Corp. (PSALM) is seen posting residual debts of roughly P200 billion at the end of its corporate life in 2026, according to company President and CEO Dennis Edward Dela Serna. At end-June this year, the level of debts of the company had been...
The holiday season is upon us, and with it comes an influx of shopping and partying. With lots of expenditures usually incurred this time of the year, having a secondary income stream can go a long way. This can be done through online trading which is also something people, who look to close the...
Lopez-led First Gen Corporation net income declined by eight percent to $194 million in three quarters this year from the year-ago level of $211 million. But due to the depreciation of the Philippine peso versus the US dollar, the company was able to register flat earnings at P10.2 billion during...
There will be an extended heavier financial burden on motorists filling up their vehicles with gasoline products next week, as the price of this commodity will rise again by P0.55 to P0.85 per liter, based on the calculation of the oil companies. For diesel products, there could be a marginal...
It's a week of temporary financial relief for motorists as they will benefit from hefty rollback of P6.10 per liter for diesel and P5.70 per liter for gasoline products. Oil companies similarly announced that effective Tuesday, July 12, the price of kerosene products, the base for aviation fuel...
Consumers’ pockets can finally gain substantial relief next week, as petroleum products at the pumps will be on massive rollback, according to the oil companies. Based on the industry’s calculations as anchored on the Mean of Platts Singapore (MOPS), diesel prices will be reduced by as much as...
When the value of the Philippine peso had been relatively favorable versus the US dollar, state-run Power Sector Assets and Liabilities Management Corporation (PSALM) indicated that it was able to trim power sector debts by P195.4 billion when the Duterte administration ended its reign on June 30...
The falling value of the Philippine peso versus the US dollar is seen driving up the electric bills of Manila Electric Company (Meralco) customers in their July billing. Meralco Vice President Lawrence S. Fernandez noted that the fluctuation in the foreign exchange (forex) rate could adversely...
Finally, there would be temporary relief in the pockets of Filipino consumers next week as diesel and kerosene prices are expected to have big-time rollback of roughly P3.00 per liter, according to calculation by the oil companies. Estimates from the outcome of last week’s trading based on the...
Price adjustments at the oil pumps next week will continue for diesel and kerosene, but it could be mixed adjustments for gasoline, based on the calculation of the oil companies. Industry players estimated that diesel prices will increase by P1.05 to P1.20 per liter while kerosene will go up by...
