SEC warns about AlgoSCALP’s ‘enticing’ investment scheme

THE Securities and Exchange Commission (SEC) has warned the public about AlgoSCALP, an automated trading system, which has been soliciting investments without license or approval from the regulator.

Peso to weaken ahead of Fed meeting

THE PESO may weaken this week as the market braces for a rate hike from the US Federal Reserve and as the crisis in Ukraine continues.

Stocks may decline on ongoing war, Fed review

SHARES may continue to drop this week as the war between Russia and Ukraine rages on and ahead of the US Federal Reserve’s monetary policy review.

Cebu BPOs seek exemption from on-site work rules, cite continuing typhoon impact

CEBU’S information technology and business process management (IT-BPM) industry is seeking an exemption from a government order to return to office work starting April 1, noting that the region continues to be affected by December’s Typhoon Odette.

Diesel power plants dominate DoE’s endorsements to ERC

POWER PLANTS endorsed to the regulatory commission for five-year operating permits included 12 diesel-powered facilities out of 17 overall, according to a list posted to the Department of Energy’s (DoE) website five years.

Energy official calls for pricing reform in natural gas market

THE critical role of natural gas as a “transition fuel” en route to achieving the world’s environmental objectives warrants a new pricing system decoupled from the volatility of most energy commodities, an energy department official said.

PHL waives P23.4 billion worth of duties on pandemic-related imports

THE Department of Finance (DoF) said it approved P23.4 billion worth of import tax and duty exemptions in 2021, close to the pre-pandemic total, after the approval of exemptions for coronavirus vaccine shipments.

Patent filing assistance program extended to Dec. 31

THE Intellectual Property Office of the Philippines (IPOPHL) said patent filing assistance on offer to inventors under the Patent Cooperation Treaty (PCT) has been extended until Dec. 31, facilitating such registrations across multiple jurisdictions.   

BSP seen to raise rates before midyear

THE PHILIPPINE central bank may start raising its benchmark interest rates before mid-2022 to quell inflation risks caused by the Russia-Ukraine crisis, analysts said.

Manufacturing growth slows down in January

FACTORY OUTPUT GROWTH slowed for a second straight month in January, amid the reimposition of tighter mobility curbs due to the Omicron-driven surge in coronavirus cases.