More News

Marsman Estate, ARBs ink ‘industry record’ lease agreement

By PNA   MANILA -- Marsman Estate Plantation Inc. (MEPI) and more than 600 agrarian reform beneficiaries (ARBs) have signed an 80 percent increase in the annual lease...

PH economy grows 6.4% in Q4, 2nd fastest in Asia

By Leslie Gatpolintan   MANILA -- The Philippine economy expanded by 6.4 percent in the fourth quarter of 2019 on the back of a recovery in government...

TDF rates decline this week

By Joann Villanueva   MANILA – Rate of the Bangko Sentral ng Pilipinas’ (BSP) term facilities fell across-the-board Wednesday due to oversubscription. Data released by the central bank...

Agri output slightly up in 2019

By Filane Mikee Cervantes   MANILA--The Philippine agriculture sector grew by 0.4 percent in the fourth quarter of 2019, bringing full-year growth to 0.7 percent, the...

Hyundai’s December 2019 sales in PH up 2.9%

By Kris Crismundo   MANILA -- Korean car assembler Hyundai grew its sales in the Philippine market by 2.9 percent year-on-year in December 2019, its official distributor...

ATRAM portfolio manager eyes PH 2020 growth at 6.3%

By Joann Villanueva   MANILA -- A ranking portfolio manager of ATR Asset Management Inc. (ATRAM) forecasts a 6.3-percent expansion for the Philippine economy this 2020 on...

PH issues EUR1.2-B Euro bond

By Joann Villanueva   MANILA -- The Philippines on Tuesday (London time) issued EUR 1.2 billion worth of three and nine-year Euro-denominated bonds at EUR600 million each...

REIT IRR revisions seen to boost PH infra program

By Joann Villanueva   MANILA -- Investments in Real Estate Investment Trust (REIT) are expected to increase substantially following the amendments to rules and regulations which will...

Planned Euro bond issuance gets investment grade ratings

By Joann Villanueva   MANILA – Major credit rating agencies have given the Philippines’ planned benchmark Euro bond issuance investment grade ratings. In a statement Monday, S&P Global...

Gov’t sets sights on onerous deals with private entities

By Joann Villanueva MANILA -- The government is focusing on contracts that may have onerous provisions, Finance Secretary Carlos Dominguez III said on Monday.  “In fact, we...

DTI-Bulacan turns over P8.7-M service facilities to 7 coops

By Manny Balbin   The CITY OF MALOLOS, Bulacan -- The Department of Trade and Industry (DTI) provincial office here turned over on Monday PHP8.7 million worth...

2,153 billionaires wealthier than 4.6B people

By PNA   ISTANBUL -- Last year, 2,153 billionaires from around the world were richer than 4.6 billion people, a new report from UK-based charity Oxfam said...

More supplies of N95 masks to arrive next week: DTI

By Kris Crismundo   MANILA -- A medical consumables manufacturer has assured the Department of Trade and Industry (DTI) that there will be more supplies of N95...

NegOcc power rates go down this month

By Erwin Nicavera   BACOLOD CITY – Reduction in generation cost has brought down residential power rates in three electric cooperatives in Negros Occidental for January. The Central Negros...

Meralco lines, circuits in Taal-affected areas now restored

By Kris Crismundo   MANILA – The Manila Electric Co. (Meralco) said on Monday it restored 100 percent of its lines and circuits in areas affected by...