Shares rise on expectations of smaller rate hikes
STOCKS closed in the green on Tuesday as market sentiment improved on easing worries over the banking sector and expectations of smaller rate hikes...
NEDA ordered to conduct study on delayed devolution timeline
PRESIDENT Ferdinand R. Marcos, Jr. has tasked the Commission on Devolution with studying a delayed timeline for transferring National Government (NG) functions to local...
House gives 3rd reading approval to REIT, crop insurance bills
THE House of Representatives approved on third and final reading a bill requiring real estate investment trusts (REITs) to reinvest the proceeds of their...
DoE has authority to accelerate charging station rollout — senator
THE Department of Energy (DoE) is empowered to accelerate the charging-station rollout beyond the legal minimum in order to hasten electric vehicle (EV) adoption,...
German solar, energy-efficiency firms seeking out PHL opportunities
GERMAN SOLAR and energy-efficiency companies are seeking out opportunities in the Philippines, according to the German-Philippine Chamber of Commerce and Industry (GPCCI).
The GPCCI said...
BSP may pause tightening — Diokno
THE BANGKO SENTRAL ng Pilipinas (BSP) may consider a smaller 25-basis-point (bp) rate hike or even pause monetary policy tightening at its meeting on...
Amended PSA to take effect in April
A LAW that allows full foreign ownership in more public services such as telecommunications, airlines, and railways will finally take effect in April, the National Economic and Development Authority (NEDA) said.
PHL banks prepared to withstand ‘shocks’ — BSP
THE PHILIPPINE banking sector is ready to withstand possible shocks arising from the recent failure of two midsized banks in the United States, the...
Economy likely expanded by 7.1% in first quarter
THE ECONOMY likely expanded by 7.1% in the first quarter, as consumption may have gotten a boost from higher remittances and personal income tax...
Peso inches up vs dollar even as banking sector concerns remain
THE PESO inched higher against the dollar on Monday after mostly moving sideways due to worries over global banks.
The local currency closed at P54.675...
PHL stocks drop on lingering concerns over banks
PHILIPPINE SHARES dropped on Monday amid lingering global banking sector worries following UBS Group’s acquisition of Credit Suisse.
The benchmark Philippine Stock Exchange index (PSEi)...
Agri trade deficit widens to $3.22 billion in Q4
THE deficit in the trade of agricultural goods expanded 36.6% year on year in the fourth quarter to $3.22 billion, according to preliminary data...