Philippine builder gets contract for $980-M Indonesian LNG terminal
ATLANTIC, Gulf and Pacific Co. (AG&P) will build and operate a $980-million liquefied natural gas (LNG) receiving terminal in Bantaeng, South Sulawesi that will...
BDO issue of LTNCDs oversubscribed, raising P11.8-B
BDO Unibank, Inc. (BDO) said it raised P11.8 billion from its long-term negotiable certificates of deposit (LTNCD), more than twice the original offer size...
Second quarter profit flat at 7-Eleven licensee, but retail shows recovery signs
THE Philippine licensee of 7-Eleven convenience stores registered flat earnings in the second quarter of 2017 anchored on the recovery of same-store sales during...
RCBC lists LTNCDs on PDEx
RIZAL COMMERCIAL Banking Corp. (RCBC) said it listed about P2.5 billion worth of long-term negotiable certificates of deposit (LTNCDs) on the Philippine Dealing &...
MacroAsia triples second quarter earnings
AVIATION logistics firm MacroAsia Corp. tripled its profit in the second quarter to P372 million from a year ago on the back of top...
Peso closes at nearly 11-year low on Korea tensions
THE PESO closed lower against the dollar on Friday, breaching the P51-to-the-dollar level intraday, amid escalating tensions between the United States and North Korea.
The...
Geopolitical fears drag bourse down further
By Krista Angela M. Montealegre
National Correspondent
STOCKS extended their losing streak to a fourth straight session amid lingering fears over escalating tensions between the United...
Davao City faces chicken shortage as development crowds out poultry farms
THE BROILER chicken supply in Davao City could deteriorate as residential development begins to edge out poultry farms in districts outside the city center,...
Trade gap narrows as exports inch up
By Christine J. S. Castañeda
and Mark T. Amoguis
Researchers
EXTERNAL TRADE in goods and manufacturing likely delivered a smaller contribution to economic growth in the...
BSP keeps policy settings steady on benign inflation
By Melissa Luz T. Lopez, Senior Reporter
THE BANGKO SENTRAL ng Pilipinas (BSP) left borrowing rates unchanged yesterday, with new Governor Nestor A. Espenilla, Jr....
FDIs’ year-to-date fall persists despite May hike
FOREIGN direct investments (FDI) to the Philippines surged anew in May on the back of substantial lending to local affiliates, but they were still...
P30-B ‘patriotic’ bond mulled for Marawi rehab
By Elijah Joseph C. Tubayan
A P30-BILLION “patriotic bond” is being mulled by the Department of Finance (DoF) for the rehabilitation of Marawi City, which...