Q2 farm output expected to have continued near-flat performance
PRODUCTION of the agriculture sector can be expected to have been “slightly positive” at best in the second quarter of 2019, two economists said late last week, citing particularly the impact of subdued rice output that has the biggest contribution to farm performance.
TransCo seeks smaller feed-in tariff rate for 2020
STATE-LED National Transmission Corp. (TransCo) is asking the energy regulator for provisional authority to implement starting January a feed-in tariff allowance (FiT-All) rate of P0.2278 per kilowatt-hour (kWh) for 2020 ahead of the hearing on the merits of its application.
PHL raises 92 billion yen from samurai bonds
THE Philippines raised ¥92 billion ($860 million or P44.3 billion) from the sale of ”samurai” bonds across four tenors, amid strong demand from investors.
PHL factory gain strongest in 6 months
BUSINESS for manufacturers marked July with the strongest improvement in six months -- though still described as “moderate” -- on the back of sales and job growth, according to results of the latest survey IHS Markit conducted for Nikkei, Inc., keeping the country in third place behind Myanmar and Vietnam among seven tracked Southeast Asian economies.
Manufacturing pain spreads through Asia; more stimulus seen
HONG KONG -- Asian factory activity contracted further in July, fueling worries that a Sino-US trade war and a slowdown in China could tilt the world towards a global recession, which central banks will have to fight with depleted ammunition.
Competition body speeds up PPP project checks
THE PHILIPPINE Competition Commission (PCC) has streamlined merger rules for solicited projects under public-private partnership (PPP), which is one of the financing modes for major infrastructure development.
SEC issues more rules for smaller corporations
THE SECURITIES and Exchange Commission (SEC) will now allow at least two people to form a corporation, in line with amendments in Republic Act No. 11232, otherwise known as the Revised Corporation Code.
BSP: July inflation could be as low as 2%
THE OVERALL RISE in prices of widely used goods could have eased to its slowest pace in more than two-and-a-half years last month, the central bank announced on Wednesday, citing lower rice and liquefied petroleum gas (LPG) prices, cheaper electricity rates and a stronger peso that made imports cheaper.
San Miguel to bag Bulacan airport project with no bid contenders
SAN MIGUEL Holdings Corp. (SMHC) is all but certain to bag the contract for the P735-billion Bulacan airport project after its unsolicited proposal went unchallenged by the deadline to do so on Wednesday.
Health dep’t eyes maximum retail prices for select drugs
THE GOVERNMENT could issue an order this year that will cap retail prices of select medicines, even as a group of drug manufacturers argued that such a move was unnecessary.
PHL returns to ‘samurai’ bond market
THE PHILIPPINES has launched an offer of yen-denominated “samurai” bonds from which it plans to raise about $750 million, National Treasurer Rosalia V. De Leon told reporters on Tuesday.
Business groups pitch reform bills to 18th Congress
MEASURES that will further liberalize the economy to attract more foreign capital and make it easier to do business in the country made up a list of 28 proposed laws which 14 local and foreign groups have pitched to the 18th Congress.