Power utility giant Manila Electric Company (Meralco) has widened the options for its stockholders on how they would want their cash dividend payments settled. That as the company has announced that it will implement “enhanced dividend payments process” by having a paying agent so its...
The Department of Energy (DOE) is amplifying its bet on the market introduction of Nissan LEAF as a step that can help build up electric mobility (e-mobility) in the Philippines. Nissan LEAF’s market debut in the Philippines- Nissan Philippines Inc. President Atsushi Najima has presented to...
The Duterte administration may borrow less than programmed for the rest of the year should the government’s two main tax agencies continue to exceed their downscaled collection targets, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III ( MB FILE, Albert Garcia) While...
Alsons Consolidated Resources Inc. (ACR) of the Alcantara group has listed its P1.0 billion commercial papers issuance with the Philippine Dealing and Exchange Corporation (PDEx), according to the company’s disclosure with the Philippine Stock Exchange. The P1.0 billion issue forms the second...
Davao businessman Dennis Uy is setting his sights next on oil and gas exploration ventures at the West Philippine Sea, primarily at the Recto Bank area, which is currently under exploration moratorium because of the country’s diplomatic tussle with China. Dennis Uy During DOE’s opening of bids...
The domestic automotive industry has urged the Department of Trade and Industry to reconsider its safeguard investigation on imported cars as sales took a dive in August. A joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association...
To sort out pricing The Department of Energy (DOE) is pushing for new amendments to Republic Act 8479 or the Downstream Oil Industry Deregulation Act – and the specific agenda this time is to define “fair pricing adjustment” at the retail pumps. In a budget hearing in Congress, DOE Assistant...
Major player Pilipinas Shell Petroleum Corporation has upped the ante in this week’s pricing competition at domestic oil pumps as it implemented a heftier rollback of P1.55 per liter on diesel products, beating the P1.50 per liter price cut first enforced by competitor-players Unioil and...
The national government’s two main tax agencies have exceeded their reduced collections targets in the first eight-months of the year, but still lower than their performance in the same period last year, the Department of Finance (DOF) said. Based on the preliminary data submitted to the DOF, the...
The series of import bans imposed by the Philippine government on pork and poultry products coming from different countries may result in costlier Christmas for meat loving Filipinos. MB file (Photo by Keith Bacongco) ...
The Philippine government was urged to buy all locally produced palay as farm-gate prices sank to as low as P12.50 per kilogram (/kg), a move that may cost around P152 billion or a whopping 2,000 percent increase from the current budget of the National Food Authority (NFA) for its palay...
The national government’s debt payments declined in July this year due to lower amortization, data from the Bureau of the Treasury showed. The Duterte administration settled P60.91 billion worth of loans in the domestic and foreign markets last July, down by 11 percent compared with P92.46...
