British pork imports seen sustained as PHL continues to deal with ASF
PORK SHIPMENTS from the UK are expected to be sustained for the rest of the year as the Philippines struggles to contain its outbreak...
Fuel subsidy, irrigation could be added to sugar industry dev’t program
THE Department of Agriculture said it is seeking to include fuel subsidy, fertilizer and irrigation programs to the Sugarcane Industry Development Act (SIDA).
“I have...
LANDBANK leads P110-B syndicate lending to PSALM
THE LAND BANK of the Philippines (LANDBANK) said it was the leading member of a loan syndicate providing P110 billion to the Power Sector...
R&I upgrades PHL credit rating to ‘A-’
JAPAN-BASED Rating and Investment Information, Inc. (R&I) upgraded the Philippines’ investment grade rating to “A-” amid the country’s strong economic performance.
BSP likely to be patient in keeping policy rates steady — GlobalSource
THE BANGKO SENTRAL ng Pilipinas (BSP) will likely maintain policy rates in the meantime, GlobalSource Partners said, adding that any off-cycle cuts could impact...
Recto says Maharlika fund still identifying potential investments
THE MAHARLIKA Investment Corp. (MIC) plans to decide on potential investments by the end of the year, Finance Secretary Ralph G. Recto said on Wednesday.
Rice tariff cuts to hurt collections, says Customs
THE BUREAU of Customs (BoC) expects the implementation of rice tariff cuts to hurt its revenue collection this year, its chief said.
“Definitely, there’s an...
PSEi back above 6,700 as mart awaits BSP move
THE MAIN INDEX climbed to the 6,700 level on Wednesday, propped up by bargain hunting before the policy meeting of the Bangko Sentral ng...
Peso inches up before key US inflation report
THE PESO rose further against the dollar on Wednesday as the market awaits the July US consumer price index (CPI) report, which could cement...
Vind Energy wins green-lane privileges for two wind farms
THE Board of Investments (BoI) said on Wednesday that it awarded green lane certifications to Vind Energy Corp. for its combined P331 billion worth...
Fish production declines 6% in second quarter
FISHERIES output fell 6% in the second quarter led by the marine municipal fisheries, inland municipal fisheries, and aquaculture segments, according to the Philippine...
DTI’s inflation-containment role seen limited to regulating prices of basic commodities
THE Department of Trade and Industry (DTI) said it can play only a limited role in easing inflation, with authority only over the prices...