Fuel prices to drop tomorrow, Feb. 13
After seven straight weeks of price increases, oil companies this week will be cutting the price of diesel and kerosene by P1.30 per liter...
McLaren, other supercars in custody still under litigation — Customs
Twenty-two brand new luxury vehicles including high-end sports cars known as supercars which were intercepted on separate occasions at the Manila International Container Port (MICP)...
Cemex reports 65% drop in earnings for 2017
Earnings of Cemex Holdings Philippines, Inc. (CHP) was cut by more than half in 2017, as higher cement volumes sold for the period failed...
Trade deficit widens in December
Trade deficit continued to widen in December, bringing the gap to another record high as exports contract for the first time in more than...
Manufacturing declines 9.7% in December
Factory production saw its fourth straight month of contraction last December, data from the Philippine Statistics Authority (PSA) showed.
In its latest Monthly Integrated Survey...
Exports contract in December
Merchandise export sales contracted in December due to declines posted by four out of the top ten commodities for the month, the government reported...
Meralco power rates to increase this month
The cost of electricity in February will increase by P1.08 per kilowatt-hour (kWh), Manila Electric Co. (Meralco) said, pointing to higher pass-through generation charge.
Meralco...
Filipino missing in Taiwan quake
By Arjay L. Balinbin
The Manila Economic and Cultural Office (MECO) has confirmed on Wednesday, Feb. 7, that a Filipino is missing after a 6.4...
Customs demolishes P61.63-M worth of smuggled luxury cars
THE Bureau of Customs (BoC) destroyed P61.63 million worth of luxury cars on Tuesday, Feb.6, as ordered by President Rodrigo R. Duterte.
Twenty smuggled cars, including...
January inflation highest in three years
Inflation rose in January, the government reported Tuesday morning.
The Philippine Statistics Authority said that the headline inflation jumped by 4% last month from 3.3%...
Security Bank posts higher net profit in 2017
Security Bank Corp. saw an increase in its net income in 2017 driven by growth across its business segments.
Based on a disclosure to the...
BPI net income up 1.7% in 2017
Bank of the Philippine Islands (BPI) booked a slightly higher net income in 2017 driven by the growth of its revenues.
In a disclosure to...