NGCP sees Cebu-Bohol 230-kV link project completed in 2024

THE National Grid Corp. of the Philippines (NGCP) is targeting operations by next year for the Cebu-Bohol 230-kilovolt (kV) interconnection project. “Right now, we have...

ADB allots $10-B climate finance for PHL

THE ASIAN Development Bank (ADB) is allocating $10 billion (P553 billion) in climate finance for the Philippines starting next year until 2029.

Digital lenders unlikely to shake up PHL banking industry

DIGITAL BANKS in the Philippines might be unable to compete strongly against lenders with brick-and-mortar presence in the medium term, Fitch Ratings said on Monday.

Low single-digit growth expected for PHL exports next year

PHILIPPINE GOODS and service exports are likely to grow by low single digits next year, according to an industry group. Philippine Exporters Confederation, Inc. (Philexport)...

ACEN, partners to retire coal plant in the Philippines

(UPDATE) - Philippine based energy major, ACEN Corp on Monday announced a new collaboration with The Coal to Clean Credit Initiative (CCCI), which has...

Peso strengthens to four-month high

THE PESO appreciated to a four-month high against the dollar on Monday following remarks from US Federal Reserve Chair Jerome H. Powell and ahead...

PSEi up after strong manufacturing data, Wall St.

PHILIPPINE SHARES climbed on Monday amid strong manufacturing activity data, Wall Street’s rise, and expectations of slower inflation last month. The Philippine Stock Exchange index...

Senate MUP reform bill sponsored in plenary

THE SENATE version of the bill overhauling the pension system for military and uniformed personnel (MUP) has been sponsored out into the plenary. On Monday, Senator...

UAE trade talks may start by early 2024

THE Department of Trade and Industry (DTI) said negotiations for a Comprehensive Economic Partnership Agreement (CEPA) deal with the United Arab Emirates (UAE) could...

Long-term permits urged for aquaculture to meet fish demand

THE GOVERNMENT needs to issue more long-term permits for aquaculture to meet growing demand and as the rest of the industry observes sustainable practices...

Digital transaction tax should mirror international best practices — AIC

THE proposed value-added tax (VAT) on digital transactions must meet the norms for cross-border trade practices, the Asia Internet Coalition (AIC) said.

Nov. inflation likely eased to 4.4%

HEADLINE INFLATION likely eased further in November amid lower pump prices, a slower rise in food costs and high base effects, analysts said.
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