Finance chief seeks ‘total clarity’ in Bangsamoro fiscal policy
Department of Finance (DoF) Secretary Carlos G. Dominguez III said that the legislators should be clear in crafting the provisions of the Bangsamoro Basic...
PSEi falls after Fed chair signals more rate hikes ahead
Local equities dropped on Wednesday, Feb. 28, in light of hawkish comments from the United States Federal Reserve, indicating more than three rate hikes...
Peso weakens after Fed chair testimony
The peso weakened against the dollar on Wednesday, Feb. 28, following the bullish testimony of US Federal Reserve (Fed) Chair Jerome H. Powell.
The local...
GBP highlights optimal power mix to achieve ‘energy security’
Given its anticipated economic growth and its installed energy capacity, the country's optimal energy mix would be 70% conventional energy, 30% renewable energy, said...
Infrastructure spending jumps 15.4% in 2017 — Budget chief
Infrastructure spending surged in 2017 to beat the government’s target as work led by the Department of Public Works and Highways (DPWH) picked up,...
PXP Energy net loss widens to P39 million in 2017
PXP Energy Corp. reported a consolidated net loss of P39.1 million in 2017, bigger than the P22.4 million a year earlier, the company told...
PSE removes inactive trading participants
The Philippine Stock Exchange, Inc. (PSE) has removed inactive trading participants as it works on complying with the single-industry cap on exchange ownership.
In a...
Discovery World hikes stake in Boracay firm
Discovery World Corp. (DWC) has hiked its stake in one of its subsidiaries, as the company targets to expand its resorts business.
In a disclosure...
SMIC net income up by 6% in 2017
The holding firm of country’s richest man Henry Sy, Sr. clocked in a 6% growth in earnings in 2017, fueled by the continued expansion...
PCC approves Chinese firm’s acquisition of Takata Corp
The Philippine Competition Commission (PCC) has approved the acquisition of Chinese firm Ningbo Joyson Electronics Corp. (Joyson Electronics) of Takata Corp., a Japanese firm...
Sereno to take brief leave ahead of anticipated impeachment battle
CHIEF Justice Maria Lourdes PA. Sereno is set to take a 15-day "wellness leave" starting on the first day of March, according to her...
Philippines, Turkey sign MOUs on agriculture, investment promotion
The Department of Foreign Affairs (DFA) reported on Monday, Feb. 26, that the Philippines and Turkey had signed two bilateral agreements on agriculture and...