Shares may drop as market awaits new restrictions
PHILIPPINE shares may continue their downward trend this week as the country reports more coronavirus disease 2019 (COVID-19) infections, raising fears that strict restrictions would be extended.
Duterte wrong on fish data — political analysts
THE SOUTH China Sea is a major fish source for the Philippines that is crucial to its food security, political analysts said on Sunday, belying President Rodrigo R. Duterte’s claim that it couldn’t quarrel with China over fish.
Pandemic response to be part of national security plan — DND
PANDEMIC response would become a top national security priority, the country’s Defense chief said on Sunday, more than a year since the coronavirus pandemic started.
Farmers’ group files complaint vs agri chief
FARMERS’ group Samahang Industriya ng Agrikultura (SINAG) filed a complaint against Agriculture Secretary William D. Dar for his alleged failure to implement the country’s food safety regulations.
GCQ rules to allow 75% outdoor dining capacity
RESTAURANTS will be allowed to increase capacity in their outdoor dining spaces to 75% and operate indoor areas at 50% capacity under general community quarantine (GCQ), the Department of Trade and Industry (DTI) said.
Biomass projects eligible for FiT estimated at 135 MW
THE National Transmission Corporation (TransCo) said 17 biomass projects with a capacity of 135.13 megawatts (MW) are billing the feed-in tariff allowance (FiT-All) to consumers after their renewable energy payment agreements (REPA) were deemed effective.
First-quarter growth gains could be wiped out by COVID surge
GAINS made in the first quarter could be wiped out by the rising COVID-19 case count, further setting back the economic recovery, the Department of Finance (DoF) said.
NGCP found non-compliant on AS reserve levels
THE DEPARTMENT of Energy (DoE) said the National Grid Corp. of the Philippines (NGCP) is not compliant in terms of the required reserve levels procured under firm ancillary services (AS) contracts, noting below-target performance as of the end of 2020.
PHL raises P122B from euro bond sale
THE Philippine government raised €2.1 billion (P122.4 billion) from a triple-tranche offering of euro-denominated bonds, the Bureau of the Treasury (BTr) reported.
Banks keep stricter credit standards in Q1
MOST BANKS maintained stringent lending standards in the first quarter, but there are signs these may be further tightened due to the uncertain economic outlook, a survey by the Bangko Sentral ng Pilipinas (BSP) showed.
Local shares decline as foreigners exit market
PHILIPPINE shares closed in the red on Thursday as investors pocketed their gains and as foreigners exited the market amid lingering concerns on the economy’s prospects.
President Duterte to skip ASEAN summit in Jakarta — Palace
PHILIPPINE President Rodrigo R. Duterte won’t attend the Association of Southeast Asian Nations (ASEAN) Leaders’ Meeting in Jakarta this weekend so he could attend to “pressing domestic concerns,” according to the Department of Foreign Affairs (DFA).