Dutch firm to start preparation work for Bulacan airport in Q1
CONSTRUCTION of the P740-billion airport project in Bulacan is set to begin in the first quarter of 2021, San Miguel Corp. (SMC) said on Tuesday, with land development work to be undertaken by a Dutch company.
Remolona wants further RRR cuts
THE BANGKO SENTRAL ng Pilipinas (BSP) intends to further reduce the amount of cash that banks must have in reserve, but analysts said it...
Meralco raises electricity rates for November
RESIDENTIAL CUSTOMERS in areas served by Manila Electric Co. (Meralco) will see higher electricity bills this month due to the increase in the generation charge.
Regulator mulls Manila Water penalties
THE METROPOLITAN WATERWORKS and Sewerage System (MWSS) said on Tuesday it was studying the prompt imposition of penalties against the Manila Water Company, Inc. for current service disruptions, marking a shift from its statement the day before that penalties will have to be incorporated in rate rebasing done every five years.
Palace to get ‘sin’ tax bill next week
THE MEASURE increasing the excise tax on alcohol products, electronic cigarettes and other vapor products made it out of the bicameral conference committee on Wednesday, in time for its ratification on the same day ahead of Congress’ Dec. 21, 2019-Jan. 19, 2020 Christmas-New Year break.
High oil prices likely to keep inflation elevated
INFLATION may remain elevated amid an anticipated increase in global crude oil prices due to the planned output cut by the Organization of the...
BSP raises policy rates by 50 bps
THE BANGKO SENTRAL ng Pilipinas (BSP) raised its benchmark interest rate by 50 basis points (bps) on Thursday, and signaled it has room to further hike rates as it battles inflation.
Farm growth expected to have steadied
AGRICULTURE PRODUCTION likely sustained growth this quarter despite storms that cost the sector about P4 billion worth of losses, a Cabinet official and private sector experts said in recent interviews.
Gross borrowings hit P2.78 trillion
GROSS BORROWINGS by the National Government reached P2.78 trillion as of end-November as it continued to source funding for the pandemic response, preliminary data from the Bureau of the Treasury (BTr) showed.
Offshore oil searches coming back to fashion
SINGAPORE -- Surveying the ocean floor for oil and natural gas reserves is gradually emerging from a multi-year slump, everywhere apart from Asia.
That’s despite...
Coronavirus pummels technology-illiterate Filipino entrepreneurs
THIRTY-THREE-YEAR-OLD Liezel S. Silva, who sells phone cases and other mobile gadgets inside the Greenhills Shopping Center in San Juan City near the Philippine capital, has yet to find a way to sell her wares online amid a coronavirus pandemic.
Villar still the richest among Philippines’ billionaires
REAL ESTATE tycoon and former politician Manuel B. Villar, Jr. is still the richest Filipino on Forbes’ 2022 World’s Billionaires List, after his net worth jumped by 15% to $8.3 billion (around P426.6 billion).