ANKARA – Oil prices rose on Wednesday due to an uptick in demand after statistics revealed that US crude stockpiles fell more than anticipated. International benchmark Brent
Category: Business
Gov’t 2023 growth target still feasible amid rate upticks
Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla said hikes in interest rates are not expected to greatly dampen the domestic economy’s 2023 growth, citing
Stocks rise on bargain hunting; peso weakens anew
The rise of the local stock barometer continued on Wednesday still due to bargain hunting but the peso weakened anew against the US dollar. The
Oil firms make big-time price cuts on diesel, kerosene
Oil companies implemented another round of big-time price rollbacks on diesel and kerosene products starting on Tuesday, but no movement in gasoline prices are expected yet this week. In separate advisories, Caltex,
Bill on war vs. online piracy gets Video industry support
The Asia Video Industry Association (AVIA) and its members are pushing for the amendment to the country’s intellectual property (IP) code to make it more
Proposed 2023 nat’l budget to support the county’s continued economic growth
Finance Secretary Benjamin Diokno has assured legislators the Marcos administration’s proposed national budget for 2023 will propel economic recovery and rapid expansion. Diokno assued Congress their economic
Lower sugar prices seen in September as sugar cane milling season begins
The Philippine Chamber of Agriculture and Food Inc. (PCAFI) sees a gradual dip in sugar prices in the domestic market when sugar cane milling starts next month (September). In
EJAP, SMC host forum for PBBM’s economic managers
The Economic Journalists Association of the Philippines (EJAP) and the San Miguel Corp. (SMC) will host the first first hybrid forum for President Marcos’ administration’s
Moody’s Analytics sees Philippine economy growing 8.8% in Q2, 2022
In its Asia Pacific Economic Preview for the week covering August 8-12, 2022, Moody’s Analytics forecasts the sustained expansion of the Philippine economy at 8.8% in the second quarter
Razon firm inks Malampaya acquisition deal
A subsidiary of businessman Enrique Razon Jr.-led corporate group, Prime Infrastructure Capital (Prime Infra), has signed a share purchase agreement to formalize the acquisition of stakes in Malampaya gas
