Rice inventory little changed in Oct. as NFA holdings surge
THE national rice inventory was estimated at 2.962 million metric tons (MT) as of Nov. 1, down 1.3% from a year earlier, the Philippine Statistics Authority (PSA) said.
Stocks climb anew as investors hunt for bargains
LOCAL SHARES climbed on Tuesday as investors turned bargain hunters following positive global developments.
Peso strengthens on US-China trade talks
THE PESO climbed against the dollar amid hints of positive developments in the US-China trade talks.
Probe urged into motorcycle taxi pilot stage
COMMUTER rights associations called for a Congressional hearing into the decisions made behind the scenes by government agencies regarding the six-month pilot period extension for motorcycle taxi services, claiming they were not consulted on the matter and that the new entrants joining the pilot program might not offer safe services.
Senate signals low priority for constitutional amendments
AMENDMENTS to the 1987 Constitution as proposed by the House of Representatives are not among the priorities of the Senate for the 18th Congress, Senate President Vicente C. Sotto III said Monday.
DA cash transfers to rice farmers to start Dec. 23
THE Department of Agriculture (DA) and government banks have agreed on the mechanisms for disbursing P5,000 worth of cash assistance to rice farmers most affected by the decline in the price of palay, or unmilled rice, due to the Rice Tariffication Law, with payouts to start Dec. 23.
Plenary to consider bill protecting consumers from billing charges
THE Senate Committee on Trade, Commerce and Entrepreneurship will endorse for plenary approval legislation that will institutionalize consumer protections against fees charged on the issuance of paper bills.
TIEZA approves P4 billion in tourism infrastructure projects
THE Tourism Infrastructure and Enterprise Zone Authority (TIEZA) approved almost P4 billion in tourism infrastructure projects in November, bringing its 2019 total to P5 billion.
AboitizPower unit seeks TRO to halt Ilocos Sur property auction
ABOITIZ POWER CORP. said Monday that its subsidiary Luzon Hydro Corp. (LHC) had filed another petition to stop the Municipality of Alilem, Ilocos Sur from auctioning off its real properties.
House bill on gov’t salary hike approved on second reading
THE House of Representatives approved on second reading Monday the consolidated bill increasing the salaries of government employees next year.
PSEi declines as market consolidates after rally
THE MAIN INDEX slumped on Monday as the market started consolidating following last week’s rally.
Peso inches up on US-China trade deal
THE PESO ended sideways on Monday as the market awaits clearer details from the “phase one” deal between the US and China and as investors close their books for the year.