Weakening in big global economies a risk to BSP projection for BoP
SLOWER GROWTH in large economies will present downside risks to the central bank’s projection of a narrower current account deficit, analysts said.
“Global economic conditions,...
Israel’s Ratio Petroleum tapped for Sulu Sea seismic survey off Palawan
ISRAEL’s Ratio Petroleum Ltd. will conduct a 3D seismic survey in the Sulu Sea east of Palawan within the month, according to the Department...
ADB provides $20-M revolving facility to Lhoopa for PHL housing project
THE Asian Development Bank (ADB) and real estate investment firm Lhoopa, Inc. have signed an agreement of up to $20 million to finance housing...
Shares rise on remittance data, bargain hunting
PHILIPPINE STOCKS rebounded on Monday on higher cash remittances from overseas Filipino workers (OFWs) and as investors picked up bargains.
The benchmark Philippine Stock Exchange...
Peso weakens against the dollar as market awaits Fed policy meeting
THE PESO depreciated against the dollar on Monday amid hawkish expectations ahead of the US Federal Reserve’s policy meeting this week.
The local unit closed...
Remittances up by 2.7% in January
CASH REMITTANCES from overseas Filipino workers (OFWs) rose by 2.7% year on year in January, the Bangko Sentral ng Pilipinas (BSP) said.
MIC explores investments in coconut oil mills, refineries
THE MAHARLIKA Investment Corp. (MIC) is looking into investing in the agro-industries sector, specifically coconut oil mills and refineries.
“The MIC Board approved discussions with...
Archivers make up for lost time in preserving Philippine past on film
TEDDY CO, a 64-year-old film curator, cinephile and advocate of archiving and regional cinema, helped shape Philippine film history.
External debt hits record $125.4 billion at end-2023
THE PHILIPPINES’ outstanding external debt hit a record-high $125.4 billion at the end of December, equivalent to 28.7% of gross domestic product (GDP), data...
Fed review in spotlight as market looks for leads
PHILIPPINE STOCKS may trade sideways in the coming days after ending a seven-week winning run as investors look ahead to the policy meeting of...
Peso to move sideways vs dollar
THE PESO could trade sideways against the dollar this week as the market awaits the policy meeting of the US Federal Reserve.
The local unit...
PEZA pharma locators eyed for expedited-permit scheme
PHARMACEUTICAL companies and makers of medical devices who operate in economic zones are being considered for green-lane treatment, entitling them to an expedited process...