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
Category: Business
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
ADB hikes 2022 PH growth forecast
The Asian Development Bank (ADB), in its report released recently, forecasts the Philippine economy to grow faster than initially expected this year, following the relaxation of Covid-19 mobility restrictions in the country, the expansion of the Covid vaccination program, and a rebound in investment and household consumption.
BSP continuesly gains grounds in sustainable finance
The Bangko Sentral ng Pilipinas (BSP) continues to make progress in sustainable finance as it releases the third phase of regulations aimed at fostering wider adoption of sustainability principles in the domestic financial system.
