PNOC says will negotiate sale of its banked gas
PHILIPPINE National Oil Co. (PNOC) will be negotiating the sale of its banked gas amounting to 97.67 petajoules at a lower price than what it was willing to sell before.
Gov’t rejects all bids for T-bonds as investors ask for higher yields
THE GOVERNMENT rejected all bids for the reissued 10-year Treasury bonds (T-bond) it offered yesterday as investors demanded higher rates amid market expectations of another rate hike from the local central bank.
Global banks expect more BSP rate hikes until 2019
THE BANGKO SENTRAL ng Pilipinas (BSP) may opt to raise rates several times until 2019 to make local yields competitive, two global banks said, noting that such moves would also boost the peso and help arrest surging inflation.
Typhoon worst-case scenario: P7B damage in rice farms
THE REGIONS of Ilocos, Cagayan Valley, Central Luzon, and the Cordillera Autonomous Region may suffer damages in 1.2-million hectares of rice and corn farms, with crops almost ready for harvest, when potentially super typhoon Ompong (international name: Mangkhut) passes through the country, according to Agriculture Secretary Emmanuel F. Piñol.
Rice handling, storage losses estimated at nearly 900,000 MT/year
THE Philippines loses nearly 900,000 metric tons of rice each year between farm and market, according to the Philippine Rice Research Institute (PhilRice).
Peso nears P54:$1 level on trade tensions, data
THE PESO weakened against the dollar on Tuesday as it inched closer to the P54 level amid continued cautiousness over trade tensions abroad fuelled by a wider local trade deficit in July.
Peso strengthens slightly vs dollar
The peso strengthened slightly versus the dollar on Friday, Sept. 7, as it almost hit the P54 level intraday following the local central bank's...
DBP profits up 4% in first half
Development Bank of the Philippines (DBP) saw its net income rise in the first half of the year supported by robust lending and deposit...
ePLDT’s Cebu data center gets Nexcenter certification
ePLDT, Inc., the digital business solutions subsidiary of PLDT, Inc., said on Friday its new data center in Cebu has been recognized by global...
Quarantine bureau clears NFA rice shipment in Albay after treating weevil infestation
The Bureau of Plant Industry (BPI) in Region V has cleared the National Food Authority's (NFA) imported rice in Port of Tabaco in Albay...
Jollibee invests $12.4 million in Mexican restaurant chain in US
Jollibee Foods Corp. said it will be venturing into the Mexican restaurant business in the US through acquiring almost half of a Chicago-based Mexican...
Rising prices weigh on business
BUSINESSES OPTIMISM softened this quarter from the past year amid rising commodity prices — marking the third straight quarter-on-quarter dip and the lowest point since 2010 — although the outlook for the next three months improved on expectations of higher consumer demand ahead as Christmas holidays approach.