US FTA could upend market for imported CBU autos, DTI says
A FREE Trade Agreement (FTA) with the United States could disrupt the market for automotive imports by making US automobiles more attractive to ship in than competing products from Asia, the Department of Trade and Industry (DTI) said.
NGCP audit ‘only way’ to address China fears
THE DEPARTMENT of Energy (DoE) said the only way to achieve ”closure” on the issue of China’s alleged capability to remotely shut down the power transmission system is a audit of the National Grid Corp. of the Philippines (NGCP).
New Clark City deal properly awarded, reviewed — BCDA
THE Bases Conversion and Development Authority (BCDA) rejected claims that the deal to build the New Clark City sports complex in Tarlac won by Malaysia’s MTD Capital Bhd. was improperly awarded, amid reports that the contract was not bid out.
Gold prices seen supported by trade tensions, Brexit
GOLD PRICES are expected to remain at about $1,450 per ounce (oz) in the next three to six months into 2020, supported by the precious metal’s safe-haven value in the face of the US-China trade war, Brexit, and unrest in various parts of the world, including major gold market Hong Kong, Fitch Solutions Macro Research said in its Commodity Price Forecast.
Davao considers options for transport project P2.8-B counterpart funding
THE DAVAO City government is considering how to raise the P2.8 billion in counterpart funds for the P18.66-billion Davao Public Transport Modernization Project, which was among the six projects approved by the National Economic and Development Authority (NEDA) Board on Nov. 29.
PSE index climbs on positive China PMI report
THE LOCAL BOURSE welcomed the Yuletide season with glee as Philippine shares increased on positive sentiment on China’s purchasing managers index (PMI) and Sino-US trade negotiations.
Peso sinks back to P51:$1 level
THE PESO depreciated on Monday, returning to the P51-per-dollar mark, due to strong demand for the dollar and amid expectations of better US manufacturing data.
Dozens of flights canceled on Typhoon Kammuri
DOZENS of flights to and from Manila were canceled on Monday due to Typhoon Kammuri, known locally as Typhoon Tisoy, while 4,603 passengers, 1,025 rolling cargoes, 73 vessels and 41 motor bancas were stranded in various ports.
Quezon City bans single-use plastics
QUEZON CITY will ban single-use plastics and disposable materials in hotels and restaurants, the local government said in a statement.
Iloilo City aims for fully digitized business permit transactions by 2020
THE ILOILO City hall is aiming to automate transactions by 2020, including the payment for business permits and other fees.
Organic rice production named a Mindanao priority program
DAVAO CITY -- Organic rice production and exports have been designated a priority program for the southern island next year, the Mindanao Development Authority (MinDA) said.
Treasury bills seen fetching lower rates
RATES OF Treasury bills (T-bills) on offer today will likely decline following the central bank chief’s hints on a possible policy rate cut.