Duterte to call Congress to special session as stimulus deadlock starts to resolve
President Duterte is now ready to ask Congress to hold a special session to tackle a much-needed economic stimulus bill as talks to break a deadlock with lawmakers over the rescue package make headway, Malacañang announced Thursday......»»
Stocks end flat; Jollibee, URC up
Stocks closed virtually flat Wednesday, with the benchmark index erasing early losses on select buying as investors weighed the decision of President Rodrigo Duterte to keep Metro Manila under general community quarantine......»»
J& T Express vows to cooperate in probe
J&T Express Philippines said Wednesday it will cooperate in any investigation by the government over the viral video of mishandling parcels and other consumer complaints. .....»»
MerryMart posts 50% profit growth
Newly-listed grocery chain MerryMart Consumer Corp. said Wednesday net income in the first quarter rose 50 percent from a year ago on the back of a double-digit growth in revenues......»»
Megawide to sell P5-b preferred shares
Megawide Construction Corp. plans to raise up to P5 billion from the issuance of preferred shares......»»
Phoenix diversifies petroleum business
Phoenix Petroleum Philippines said it is diversifying its core petroleum operations and repositioning its portfolio towards high-growth, high-margin businesses as it shifts the new normal......»»
BOP registered surplus of $2.4b in May
The country’s balance of payments posted a surplus of $2.43 billion in May, about 2.6 times higher than the $9280 million surplus recorded a year ago, the Bangko Sentral ng Pilipinas said Wednesday......»»
PH signs P24-b loan with Japan to fight virus
The Philippines and Japan on Wednesday signed an agreement for a 50-billion yen (around P24-billion) loan to help in the government’s efforts to contain the spread of the coronavirus disease 2019 and provide economic relief to Filipinos affected by the global health crisis......»»
PSE& rsquo;s income dipped 71% to P50.6m in Q1
The Philippine Stock Exchange Inc. said Wednesday first-quarter net income fell by 71 percent to P50.62 million from P175 million in the same period last year as the coronavirus pandemic slowed down trading activities and put several fund-raising plans on hold......»»
DOT expects tourism establishments to reopen shortly
The Department of Tourism expects more tourism establishments to reopen soon as local government units outside Metro Manila and Cebu began easing travel restrictions as they transition to modified general community quarantine......»»
Bangko Sentral to issue securities in 3rd quarter
The Bangko Sentral ng Pilipinas plans to issue securities in the third quarter after all the requirements and infrastructure needed to support the undertaking are in place, Governor Benjamin Diokno said Wednesday......»»
Iloilo, MORE Power crack down on illegal connections
The Iloilo City government and power utility More Electric and Power Corp. are running after electricity thieves and illegal power connections, which have caused power rates to spike in the province in the past few years......»»
Security Bank shortens offering for peso bonds
Security Bank Corp. has shorted the offer period for its two-year fixed-rate peso bonds as orders already exceeded the original volume of P3 billion due to strong demand from investors......»»
Ships ordered to allocate 12% space for food, agriculture
The Department of Transportation has ordered domestic shipping lines to allocate 12 percent of a vessel’s cargo space for agricultural and food products per trip to ensure sufficient supply across the country as quarantine measures remain in place......»»
Overseas Filipino Bank goes digital, branchless
State-run Overseas Filipino Bank is now operating as a “digital only, branchless” bank, allowing clients to open accounts and conduct banking transactions anytime and anywhere across the globe......»»
Agriculture contributing less to GDP for past 5 years
The agriculture sector’s contribution to the national economy has declined for five consecutive years as low productivity remains a challenge for the farm industry......»»
GERI profit reaches P365 million in Q1
Global-Estate Resorts Inc., the Andrew-Tan listed developer of master-planned tourism and leisure townships and integrated lifestyle communities, recorded a net profit of P365 million in the first quarter, down 32 percent year on year......»»
ASEAN seen turning to floating solar plants as demand shifts
The Association of Southeast Asian Nations region is seen to install more floating solar plants to balance and make grids flexible to changing power demand after the coronavirus disease pandemic drastically changed demand landscape......»»
Making things happen: PRRD’s big promise
By now, Dito Telecommunity must be in frenzy to make true its committed technical launch this month, which would mean delivering a minimum average speed of 27 megabits per second to 37 percent of the country’s total population......»»
A banner year for Kapitan’s business empire
I was really curious how 85-year old taipan Lucio Tan, who does not use a smartphone and prefers to scribble notes on small pieces of paper instead of using a laptop, would open a Zoom meeting, the annual stockholders meeting of his listed conglomerate LT Group, which was held last Tuesday......»»