Business
New Clark City 'very attractive' investment hub
May 13, 2024, 6:10 am
CAPAS, Tarlac – Special Assistant to the President for Investment and Economic Affairs Secretary Frederick Go said New Clark City, the Bases Conversion and Development Authority's flagship project, is a "very attractive" investment hub for certain sectors. New Clark City covers over 9,450… Read More
CRK operator eyes solar farm within airport complex
May 13, 2024, 6:02 am
CAPAS, Tarlac – The operator of the Clark International Airport (CRK) is exploring renewable energy projects within the airport complex with the power unit of Filinvest Development Corp. Luzon International Premier Airport Development (LIPAD) Corp. president and chief executive officer Noel… Read More
Foreign direct investment net inflows continue growth in Feb
May 12, 2024, 1:54 pm
MANILA – Foreign direct investment (FDIs) net inflows went up by 29.3 percent in February this year. Data released by the Bangko Sentral ng Pilipinas (BSP) showed that FDI net inflows during the month amounted to USD1.4 billion, up from the USD1.1 billion postedin February last year. "This… Read More
Supermarket sector to support 2-month price hike moratorium
May 11, 2024, 8:28 pm
MANILA – The Philippine Amalgamated Supermarket Association (PAGASA) assured that its members nationwide will not implement price adjustments on goods sold by food manufacturers that committed to hold back increases for the next two months. In an interview on Saturday, PAGASA president Steven… Read More
Stocks down, peso moves sideways Friday
May 10, 2024, 5:55 pm
MANILA – Philippine shares continued to decline on Friday as investors remained cautious due to elevated inflation and interest rates, while the peso moved sideways. The Philippine Stock Exchange index (PSEi) went down by 30.53 points to 6,511.93. All Shares also shed 4.42 points at 3,477.13.… Read More
BCDA: MVP Group formalizes interest to buy gov't stake in SCTEX
May 10, 2024, 5:35 pm
CAPAS, Tarlac – Tycoon Manuel V. Pangilinan has offered to buy the interest of the Bases Conversion and Development Authority (BCDA) in one of the major expressways in Luzon, the Subic-Clark-Tarlac Expressway (SCTEX). This was shared by BCDA president and chief executive officer Joshua Bingcang… Read More
BOI sees 3 more nickel processing plants in PH by 2028
May 10, 2024, 5:07 pm
MANILA – Three more nickel processing plants are expected to be built in the Philippines within the term of President Ferdinand R. Marcos Jr., a Trade official said on Friday. "There are interested parties to put up HPAL (High-Pressure Acid Leach) facility in the Philippines. I mentioned three… Read More
BCDA launching 3K affordable housing units in New Clark City
May 10, 2024, 4:59 pm
CAPAS, Tarlac – The Bases Conversion and Development Authority (BCDA) will soon launch some 2,000 to 3,000 affordable housing units in New Clark City, to promote inclusiveness and as part of its vision to make the new metropolis livable for all income groups. During the One Clark Forum at the… Read More
Bank lending, domestic liquidity up in March
May 10, 2024, 9:33 am
MANILA – Bank lending of universal and commercial banks (U/KBs) and domestic liquidity grew at a faster pace in March. Preliminary data released by the Bangko Sentral ng Pilipinas (BSP) late Thursday showed that the outstanding loans of universal and commercial banks, excluding those placed in… Read More
Stocks down, peso flat on Thursday
May 9, 2024, 6:16 pm
MANILA – The local stock market ended the day in the negative territory following the slower-than-expected first-quarter economic growth data, while the peso closed flat on Thursday. The Philippine Stock Exchange index (PSEi) declined by 116.72 points to close at 6,542.46, while All Shares… Read More
NEDA: Gov't doing comprehensive review of tariff structure
May 9, 2024, 3:15 pm
MANILA – A comprehensive review of the entire tariff structure is ongoing, National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan said on Thursday. "We are doing a comprehensive review of the entire tariff structure, that's going to the NEDA Board. So we are done at the… Read More
PH economy grows by 5.7% in 1st quarter
May 9, 2024, 3:02 pm
MANILA – The Philippine economy grew by 5.7 percent in the first quarter of the year, surpassing other major economies in the region. In a briefing on Thursday, National Statistician Dennis Mapa said the economic growth during the quarter was higher than the 5.5 percent seen in the last quarter… Read More
Bargain hunting boosts stock market, peso weakens
May 8, 2024, 6:39 pm
MANILA – Bargain hunting helped the local bourse to close in the positive territory, while the peso weakened in Wednesday’s trade. The Philippine Stock Exchange index (PSEi) finished the day's trading at 6,659.18, with All Shares increasing by 0.31 percent to 3,516.57. “Last-minute buying… Read More
PH raises $2-B from issuance of dollar global bonds
May 8, 2024, 6:38 pm
MANILA – The Philippines successfully raised USD2 billion from the issuance of the dual-tranche 10- and 25-year Securities and Exchange Commission-registered fixed-rate global bonds. In a statement on Wednesday, the Bureau of the Treasury (BTr) said the 25-year global bond would be issued under… Read More
OFWs in UAE prefer to invest in property: survey
May 8, 2024, 5:32 pm
MANILA – Majority of overseas Filipino workers (OFWs) in the United Arab Emirates prefers to invest in property, an integrated marketing communications firm’s survey showed. According to a New Perspective Media (NPM) survey of 3,200 OFW respondents in UAE, 62 percent of Filipino expats in the… Read More
PSA: Manufacturing output settles in March
May 8, 2024, 5:11 pm
MANILA – The country's manufacturing output both in volume and value declined in March this year, the Philippine Statistics Authority (PSA) said on Wednesday. Results of the latest Monthly Integrated Survey of Selected Industries showed that the value of production index (VaPI) contracted by 1.7… Read More
Recovering exports boost D&L’s Batangas plant
May 8, 2024, 5:10 pm
MANILA – D&L Industries, the country’s largest manufacturer of food ingredients and oleochemicals, has seen a sharp recovery in exports from January to March 2024 that boosted the operations of its newest production line in Batangas province. In a virtual media briefing Wednesday, D&L… Read More
March employment rate up at 96.1%, unemployment down at 3.9%
May 8, 2024, 1:33 pm
MANILA – The country's unemployment rate in March this year was estimated at 3.9 percent, lower than the recorded 4.7 percent in March last year, National Statistician Dennis Mapa said. In a briefing on Wednesday, Mapa said the number of unemployed Filipinos during the month went down to 2… Read More
PH records $103.4B foreign reserves in April
May 8, 2024, 8:53 am
MANILA – The Philippines' gross international reserves (GIR) settled at USD103.4 billion as of the end of April this year, the Bangko Sentral ng Pilipinas (BSP). In a statement released late Tuesday, the BSP said the GIR last month was slightly lower than the end-March GIR level of USD104.1… Read More
PH announces 1st dollar bond issuance this year
May 7, 2024, 9:27 pm
MANILA – The Philippines on Tuesday announced the issuance of dual-tranche benchmark-sized US dollar bonds. In a notice, the initial price guidance for the 10-year note has been set at Treasuries plus 120 basis points while the 25-year sustainability tranche price guidance was at 6.05… Read More
