Gov’t plans to import more rice next year

THE NATIONAL Food Authority (NFA) plans to import in 2018 double the rice it is bringing in this year, according to a presentation in...

BMI: Coal to remain primary power source

By Victor V. Saulon Sub-Editor COAL-FIRED power plants will be the primary driver of growth in the country’s power infrastructure segment in the next 10 years,...

10 million still jobless but optimism ‘very high’

By Ian Nicolas P. Cigaral Reporter THE RANKS of jobless Filipinos steadied around the 10 million mark in the second quarter from the preceding three months...

BSP widely expected to maintain policy rates

By Melissa Luz T. Lopez Senior Reporter THE BANGKO SENTRAL ng Pilipinas (BSP) will likely keep borrowing rates steady this week, analysts said in a BusinessWorld...

‘Build, Build, Build’ push weighs on peso

PHILIPPINE construction firm Teravera Corp. plans to raise a fourth dollar loan in a year, after borrowing around $2.5 million to buy dozens of...

Inflation edges up in July

By Jochebed B. Gonzales, Researcher and Melissa Luz T. Lopez, Senior Reporter PRICES of widely-used goods edged up last month on account of higher costs of...

Duterte signs law for free tuition in state colleges

PRESIDENT Rodrigo R. Duterte on Friday signed a new law that grants free tuition in all state universities and colleges (SUCs), despite the warnings...

Power business drives MPIC profit in 1st half

By Arra B. Francia METRO Pacific Investments Corp. (MPIC) on Friday reported double-digit profit growth during the first six months of 2017, driven by its...

Dissent hits mining industry ranks

JUST as the country’s miners breathed a sigh of relief with the replacement in May of a staunch environmentalist at the Environment department’s helm,...

DBS: Peso to stay weak till 2018’s first half

A SUSTAINED DEFICIT in the country’s current account will put further pressure on the peso, analysts at a global bank said, noting that the...

Competition body begins review of Mighty deal

THE PHILIPPINE Competition Commission (PCC) yesterday said it has started its review of Japan Tobacco International’s deal to acquire the assets of cigarette maker...

Private equity funds offer to acquire a third of EDC

By Krista Angela M. Montealegre National Correspondent A CONSORTIUM of private equity funds is offering to acquire nearly a third of Energy Development Corp. (EDC) that...