Chelsea Logistics plans to convert common shares into preferred shares to raise funds
Chelsea Logistics Holdings Corp. (CLC) plans to convert some of its common shares into preferred shares in order to support its capital spending for...
Enterprise IT solutions boost PLDT revenues to record level
PLDT Inc. posted a record P34.1 billion of revenues in 2017 from its enterprise business, up 11% from the previous year.
In a statement, PLDT...
Filinvest Land grows earnings by 9% in 2017
Filinvest Land, Inc. (FLI) grew its earnings by 9% in 2017, fueled by the expansion of its rental properties alongside demand from both retail...
Peso weakens as investors await Fed rate outlook
The peso weakened against the dollar on Wednesday, March 21, as investors expect the US Federal Reserve (Fed) to hike its interest rates, which...
NAIA consortium open to reducing concession period for airport rehab project
The consortium of corporations bidding to rehabilitate the Ninoy Aquino International Airport (NAIA) said they are open to reducing the concession open period for...
Budget department wants to use Dengvaxia refund for medical assistance to vaccine recipients
THE BUDGET DEPARTMENT will ask the House committee on appropriations to file a supplemental budget that would allow the use of the refunds from...
Fed seen sticking with three 2018 rate hikes, may hint at fourth
Federal Reserve Chairman Jerome Powell and his colleagues will end up raising interest rates four times this year, but are unlikely to signal that...
Oil rises toward $63 as OPEC cuts weighed against US supplies
Oil climbed to a two-week high as output curbs by OPEC and its allies continued to deplete the remnants of a global supply surplus.
Futures...
Yellen says gradual Fed rate hikes needed to prevent overheating
Former Federal Reserve Chair Janet Yellen said higher interest rates will be needed to keep the U.S. economy from overheating, though the pace must...
Peso inches up as investors await Fed decision, BSP policy meeting
The peso strengthened slightly against the dollar on Tuesday, March 20, as investors stayed on the sidelines ahead of the monetary policy meetings of...
China pledges action on tech transfer as Trump plans tariffs
China made further promises to protect the intellectual property of foreigners investing in its economy, addressing a long-standing grievance as U.S. President Donald Trump...
ERC sets installed capacity limit for power generation firms this year
The Energy Regulatory Commission (ERC) has capped the 2018 maximum power generating capacity of a single entity and its related groups to 5,466,779.34 kilowatts...