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Tanduay plans P600-million capex for expansion

Tanduay Distillers Inc. plans to spend P600 million this year to expand its distribution centers and biofuel venture of its unit Asian Alcohol Corp......»»

Source: philstar philstarCategory: finance5 hr. 17 min. ago Related News

Government seeks to deregulate sugar imports

The government is seeking to liberalize the importation of sugar to push down the price of the commodity and improve the competitiveness of the country’s food export industry, the Department of Budget and Management (DBM) said yesterday......»»

Source: philstar philstarCategory: finance5 hr. 17 min. ago Related News

Term deposit rates on strong investor demand

Term deposit rates eased across the board yesterday as banks continued to park their excess funds in the liquidity absorption facilities of the Bangko Sentral ng Pilipinas (BSP)......»»

Source: philstar philstarCategory: finance5 hr. 17 min. ago Related News

What’s happening now is not normal

It’s getting harder and harder to imagine how things used to be......»»

Source: philstar philstarCategory: finance5 hr. 17 min. ago Related News

BSP stress test shows minimal bank impact of Hanjin debt woes

The Bangko Sentral ng Pilipinas (BSP) said yesterday the failure of Korean shipbuilder Hanjin Heavy Industries and Construction Philippines (HHIC-Phil) to settle its obligations to five of the largest banks in the Philippines worth over P21 billion would have minimal impact on the capitalization of the banking industry......»»

Source: philstar philstarCategory: finance5 hr. 17 min. ago Related News

GDP growth seen at slower 6.5% in 2018

The economy likely grew by 6.5 percent in 2018, within the lower range of the government’s gross domestic product (GDP) growth target for that year, the Department of Budget and Management (DBM) said yesterday......»»

Source: philstar philstarCategory: finance5 hr. 17 min. ago Related News

Index dives as investors unload select blue chips

The stock market plunged yesterday as index heavyweights SM Prime Holdings and Ayala Corp. suffered heavy declines amid developments that affected their respective share prices......»»

Source: philstar philstarCategory: finance5 hr. 17 min. ago Related News

Mitsubishi trims Ayala Corp stake

Mitsubishi Corp., Japan’s largest sogo shosha, has cut anew its stake in Ayala Corp., the country’s oldest conglomerate......»»

Source: philstar philstarCategory: finance5 hr. 17 min. ago Related News

DICT launches P508-million cybersecurity system

The Department of Information and Communications Technology is bolstering the country’s efforts to combat cyberthreats as it kicked-off yesterday a P508-million cybersecurity management system project......»»

Source: philstar philstarCategory: finance5 hr. 17 min. ago Related News

Philippines, Spain firming up deal for 300 million euro loan facility

The Philippine and Spanish governments are firming up a deal which will allow Manila to access Madrid’s 300-million euro loan facility in implementing its infrastructure, agro-food and tourism projects, the Department of Finance said yesterday......»»

Source: philstar philstarCategory: finance5 hr. 17 min. ago Related News

It’s baaack!

NOSTALGIC music fans bit their fists hard when Hard Rock Café in Glorietta closed its doors in 2017. Now, they can release their fists, for it has reopened at the Conrad S Maison in the Mall of Asia area in Pasay City......»»

Source: bworldonline bworldonlineCategory: finance6 hr. 4 min. ago Related News

Sugar next on government’s deregulation list after rice — Diokno

THE GOVERNMENT will move to open up sugar imports this year to make the industry more competitive, the state Budget chief said, explaining that President Rodrigo R. Duterte’s administration wants to do the same for other food items......»»

Source: bworldonline bworldonlineCategory: finance6 hr. 4 min. ago Related News

Performance projections for Southeast Asia, select major Asian economies

PHILIPPINE economic growth will likely slow up to this year, according to latest estimates by a macroeconomic surveillance organization for the Association of Southeast Asian Nations (ASEAN) Plus 3 economies and HSBC Private Bank......»»

Source: bworldonline bworldonlineCategory: finance6 hr. 4 min. ago Related News

Proposed solar farm in Sarangani gets CEPNS

A PROPOSED solar farm in Sarangani province has been added to the Department of Energy’s (DoE) list of energy projects of national significance, making it eligible to all the perks that come with the certification......»»

Source: bworldonline bworldonlineCategory: finance6 hr. 4 min. ago Related News

Bottling the character of Piedmont

PIEDMONT is an Italian region soaked in history — and wine. It was here that the House of Savoy held court, the royal house that waged wars to unite the fragmented Italian states into one, the basis of Italy as we know it today. Piedmont is also home to the Nebbiolo grape, which goes into the production of one of Italy’s most famed wines, the Barolo......»»

Source: bworldonline bworldonlineCategory: finance6 hr. 4 min. ago Related News

Philippine GDP growth seen slowing

PHILIPPINE economic growth will likely slow up to this year, according to latest estimates of a macroeconomic surveillance organization for the Association of Southeast Asian Nations (ASEAN) Plus 3 economies and HSBC Private Bank......»»

Source: bworldonline bworldonlineCategory: finance6 hr. 4 min. ago Related News

Gov’t mulls takeover of Hanjin’s shipyard

OPTIONS for a resolution of debt troubles of Hanjin Heavy Industries and Construction Philippines (HHIC-Phil), which has entered rehabilitation, now include a possible government takeover of its facilities in Subic Bay Freeport in Central Luzon, the country’s Defense chief said on Wednesday......»»

Source: bworldonline bworldonlineCategory: finance6 hr. 4 min. ago Related News

Realme targeting to be a major smartphone player in the PHL

REALME Philippines is gearing up to be a major smartphone player in 2019 by widening its reach to meet strong demand for its products in the Philippines......»»

Source: bworldonline bworldonlineCategory: finance6 hr. 4 min. ago Related News

Chelsea Logistics secures PCC nod for Trans-Asia acquisition

CHELSEA Logistics Holdings Corp. (CLC) on Wednesday said the Philippine Competition Commission (PCC) has cleared its proposed acquisition of Trans-Asia Shipping Lines, Inc......»»

Source: bworldonline bworldonlineCategory: finance6 hr. 4 min. ago Related News

AMD shows off 7nm next-gen chips at CES, aims at Intel and Nvidia

ADVANCED MICRO Devices Inc. last week unveiled its next generation smaller and power-efficient computer chip and a graphics processor, aiming at bigger rivals Intel Corp. and Nvidia Corp......»»

Source: bworldonline bworldonlineCategory: finance6 hr. 4 min. ago Related News