Saudi Aramco sees full oil production from attacked sites by end-September
ABQAIQ, SAUDI ARABIA -- Saudi state oil company Aramco said it will bring back by end-September full crude output at Abqaiq and Khurais, the two oil facilities damaged by attacks last weekend that US officials have blamed on Iran.
Disrupt. Transform. Inspire!The Entrepreneur Of The Year Philippines 2019
IN TODAY’s highly turbulent and disrupted global economy, we look to entrepreneurs for ideas that will challenge the norm and transform industries -- ideas that can create opportunities for financial growth and economic stability; ideas that create positive change to empower communities and uplift the nation.
2020 budget hurdles House two weeks ahead of schedule
By Charmaine A. Tadalan, Reporter
With 257 affirmative votes and six negative votes, the House of Representatives passed the proposed General Appropriations Act for Fiscal Year 2020 the same day it was passed on second reading.
BSP rate cut expectations mount
STATEMENTS by Bangko Sentral ng Pilpinas (BSP) Governor Benjamin E. Diokno that another 25 basis point reduction in benchmark interest rates will be considered at the Monetary Board’s sixth policy review for the year on Sept. 26 — Thursday next week — has led private sector economists to expect more moves soon to unravel last year’s tightening.
Ilocos Norte mall operator to list, Axelum sets IPO price
ALTUS PROPERTY Ventures, Inc., a real estate company that owns and operates a mall in Ilocos Norte, has filed an application to list on the main board of the Philippine Stock Exchange (PSE) at a price of P10.10 per share.
Filipinos turn bullish, firms less optimistic
FILIPINOS turned bullish for July-September after 12 months of pessimism, marking the best result in seven quarters, while companies’ confidence eased from the preceding three months, according to the central bank’s latest consumer and business expectation surveys released on Thursday.
Q3 GDP growth likely faster than first half — Pernia
OVERALL economic growth this quarter will likely clock in faster than last semester when numbers are reported on Nov. 7, Socioeconomic Planner Ernesto M. Pernia told reporters on Thursday.
‘Hot money’ reverses to net outflow in August
MORE FOREIGN FUNDS left the country in August as investors abroad lost appetite for risky emerging market assets due to increased worries about the global economy and the Philippines disappointing economic performance last semester, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday.
Trump is biggest risk to world economy, says central bank governor
SINGAPORE/MANILA -- What’s the biggest risk to the world economy today?
Saudi Arabia says to restore oil output fully by end-Sept.
JEDDAH, SAUDI ARABIA -- Saudi Arabia will restore its lost oil production by the end of September and has managed to recover supplies to customers to the levels they were at prior to weekend attacks on its facilities by drawing from its huge oil inventories.
Renewable energy could cut electricity rates by 30% — report
HEAVY RELIANCE on imported fossil fuels, high financing costs and uncompetitive market structures have contributed to make electricity prices in the Philippines among the highest in Southeast Asia, according to a report of a global research institute.
Gov’t awards Bulacan airport project to San Miguel
THE DEPARTMENT of Transportation (DoTr) awarded on Wednesday the P734-billion Bulacan airport project to private proponent San Miguel Holdings Corp.
