Oil slips as US shale fears untempered by Russian reassurance
Oil slipped as U.S. explorers resumed their drilling binge, raising concerns over whether output cuts by OPEC and its allies will be enough to...
SMC plans to lower dollar-denominated debt as peso weakens
By Krista Angela M. Montealegre, Senior Reporter
San Miguel Corp. (SMC) plans to further trim down its dollar-denominated debt, as the peso weakens and interest rates...
Global stocks slide in broad selloff; Brexit spurs pound
Stocks declined globally on Monday as investors braced for a week packed with risk events, from central bank decisions to a G-20 gathering. Commodities...
Peso falls amid cautious trade
The peso weakened against the dollar on Monday, March 19, ahead of the monetary policy meeting of the US central bank.
The local currency ended...
PSEi barely moves as investors sit on sidelines ahead of BSP, Fed policy meetings
Shares ended flat on Monday, March 19, as investors chose to stay on the sidelines ahead of policy meetings by the local central bank...
GFNI unit signs nickel ore supply deal with Chinese mining firm
Global Ferronickel Holdings, Inc. on Monday, March 19, said that its operating subsidiary Platinum Group Corporation (PGMC) has signed a deal to supply 1.5...
SSS earnings up 15%, surpass target for 2017
Social Security System (SSS) said it breached its target revenue in 2017 on the back of intensified collection efforts.
In a statement sent to reporters...
SMPC’s Batangas coal plant back online
Semirara Mining and Power Corp. (SMPC) said on Monday, March 19, that the first 300-megawatt (MW) unit of its two-unit coal-fired thermal power plant...
DMCI Power Corp sets aside P160 million to boost generation capacity
Consunji-led DMCI Power Corp. has set aside around P160 million to acquire seven new diesel generating sets for its Masbate and Palawan operations, its...
Pilipinas Shell profit climbs 26% in 2017
Pilipinas Shell Petroleum Corp. posted a net income of P10.4 billion in 2017, citing strong growth in retail volume and regional refining margins as...
Philippines congratulates Putin on his re-election
Below is the statement issued by the Department of Foreign Affairs on the re-election Russia's Vladimir Putin:
The Philippines congratulated President Vladimir Putin for getting...
Inflation seen to stay above 4%
Inflation will still settle above four percent this year under the revised series rolled out by the government, analysts at ANZ Research said, with...