Households may see lower power bills in February
TYPICAL HOUSEHOLDS can expect a P118 cut in their monthly bills for February after new power supply deals helped bring down the cost of electricity, the country’s largest distribution utility said on Thursday.
Jan. inflation fastest in 8 months
THE overall year-on-year increase in prices of widely used goods picked up for the third straight month in January by its fastest pace in eight months, the government reported on Wednesday.
Social-savvy nation battles coronavirus fake news
A FACEBOOK POST in the Philippines shared more than 2,000 times claimed a coronavirus strain that has killed hundreds in China and sickened thousands more is “a type of rabies.”
Factory output continues slump, down for 13th straight month in Dec.
INDUSTRIAL PRODUCTION extended its declining streak to the 13th straight month in December, the Philippine Statistics Authority (PSA) reported on Wednesday, with economists attributing the continued slump to tepid global demand.
Coronavirus seen to weigh on Asia’s growth in 1st half
THE NOVEL CORONAVIRUS (2019-nCoV) outbreak is seen to weigh on Asia’s economic growth in the first half of 2020, Fitch Solutions Macro Research said on Wednesday.
GDP growth could slow on outbreak
PHILIPPINE economic growth could slow this quarter as factory closures in China, which is battling a coronavirus outbreak that has killed hundreds and sickened thousands more, hit the global supply chain, according to Mitsubishi UFJ Group (MUFG) Global Research.
Gov’t raises record P311B from RTBs
THE Bureau of the Treasury (BTr) raised a record P310.8 billion from its sale of retail Treasury bonds (RTBs) that ended on Tuesday, two days ahead of the original schedule, following strong demand from investors.
8 insurers, NHMFC charged for anti-competitive deals
THE Philippine Competition Commission’s Enforcement Office (PCC) has charged a pool of insurers and state-led secondary mortgagor for entering into anti-competitive agreements that cornered a type of insurance offered to borrowers for nearly four decades.
Asian central banks face rate cut pressure
CENTRAL BANKS in Asia face increasing calls to cut interest rates as they jump into action against a spiraling coronavirus crisis that’s hammering tourism, travel and confidence across the region.
GenSan eyes more trade, tourism ties in the north with direct flights to Clark
GENERAL SANTOS City’s public and private sectors are aiming to boost trade and tourism ties in the country’s northern island following Monday’s launch of direct flights to and from Clark International in Pampanga.
Factory activity picks up in January
THE Philippines’ manufacturing sector is off to a good start this year as factory activity in January improved at its strongest rate in a year, in contrast to the generally subdued performance across the Association of Southeast Asian Nations (ASEAN).
Billionaire Razon buys 25% stake in Manila Water
PHILIPPINE billionaire Enrique K. Razon, Jr. will buy a 25% stake in Ayala Corp. unit Manila Water Co., Inc. amid a government review of allegedly onerous water contracts.