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THE CENTRAL BANK and the competition watchdog cautioned against moves to raise prices of agricultural products at a time of improved food supply, saying this could disrupt inflation’s slowdown, faster economic growth and healthy sectoral competition.
OPTIONS for a resolution of debt troubles of Hanjin Heavy Industries and Construction Philippines (HHIC-Phil), which has entered rehabilitation, now include a possible government takeover of its facilities in Subic Bay Freeport in Central Luzon, the country’s Defense chief said on Wednesday.
HEAVYWEIGHTS dragged the main index on Wednesday as Mitsubishi Corp. reduced its stake in Ayala Corp. (AC) while the Department of Interior and Local Government’s (DILG) intent to wipe out all reclamation projects in Manila Bay hurt SM Prime Holdings, Inc. (SMPH), which has ambitious projects set in the harbor.
THE MAIN INDEX opened the week on a positive note amid a recovery in banking stocks and news that the new real estate investment trusts (REIT) rules will be out in the first half of the year.
THE Philippine Economic Zone Authority (PEZA) said investment pledges, as measured by projects registered for incentives, fell nearly 41% in 2018, with the agency blaming the uncertainty stemming from the upcoming elections and the tax reform bill that proposes to overhaul the incentives system.
PRICES OF agricultural products at the Commonwealth Market and supermarkets in Quezon City are lower by as much as P50 compared to the average selling prices in other parts of Metro Manila, based on the Department of Trade and Industry’s (DTI) monitoring.
THE Department of Trade and Industry (DTI) is pushing to boost halal certification in the restaurant industry ahead of the 30th Southeast Asian Games late this year.
TOYOTA Motor Philippines Corp. (TMP) said Lexus Manila, Inc., one of its local dealers, ordered a recall of certain units of LS 500 models due to an improper programming of their start-stop systems.
THE Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) said it is confident it will hit its 2018 growth target for electronics shipments.
THE Department of Trade and Industry (DTI) said it will complete this week a preliminary investigation to determine whether the domestic cement industry needs safeguard measures to protect it from an alleged influx of cement imports in the past few years.
THE Board of Investments (BoI) said it is confident it will surpass the P1 trillion target for investment pledges in 2019.
THE Philippine Competition Commission (PCC) is considering the possibility of taking into account the valuation of data assets in mergers or acquisitions.
THE Board of Investments (BoI) wants more companies to take advantage of inclusive business incentives, touting them as a pathway to unlock some of...
THE PHILIPPINES is looking forward to a pending World Trade Organization (WTO) agreement to eliminate fisheries subsidies, saying that such a deal would protect the country’s coastal waters from overfishing.
A MANILA Electric Co.-led consortium offered the lowest power distribution rate for New Clark City, according to the Bases Conversion and Development Authority.
THE PHILIPPINE STOCK EXCHANGE index (PSEi) closed below the 7,500 mark on Friday and was lower on the week after climbing for five straight weeks, dragged down by Wall Street’s plunge ahead of a long Christmas weekend.
THE Cagayan Economic Zone Authority (CEZA) said it signed an agreement with two companies to develop a $4.5 billion new city in Sta. Ana, Cagayan, on the northeastern tip of Luzon, within two years.
THE value of electronics exports in the first 10 months of the year rose 5.20% to $31.71 billion, with the industry maintaining its place as the Philippines’ biggest source of merchandise exports.
BUSINESS LEADER Donald G. Dee, president of the Employers Confederation of the Philippines (ECoP) as well as honorary chairman and chief operating officer of the Philippine Chamber of Commerce and Industry (PCCI), died on Saturday at the age of 72, according to notices both chambers posted on their social media sites.
MOODY’s Investors Service said its outlook for the steel industry in Asia in 2019 is stable as China reduces capacity and enforces tough environmental rules.
THE Department of Trade and Industry (DTI) said the Association of Southeast Asian Nations’ (ASEAN) upcoming free trade agreement with India will expand opportunities for small and medium-sized enterprises (SMEs).
THE Department of Information and Communications Technology (DICT) will soon partner with the Department of Trade and Industry (DTI) to promote best practices in e-commerce among exporters.
THE Philippines and the United States may start next year initial talks for a free trade agreement (FTA), in the form of a “scoping exercise” to determine the extent of the future talks’ coverage.
THE DEPARTMENT of Environment and Natural Resources (DENR) has affirmed its decision to close two mining projects and reject the application for a permit of another that are among the 13 that appealed to DENR sanctions announced in February last year.
PHILIPPINE SHARES rose overall for the third straight day back above the 7,000 line on Friday, a day after the Bangko Sentral ng Pilipinas (BSP) raised policy rates further — though by a smaller magnitude — to temper inflation expectations.