PSEi slips as US markets slump after weak data
PHILIPPINE STOCKS dropped further on Wednesday as sentiment turned negative after Wall Street posted losses overnight due to weak US economic data.
The bellwether Philippine...
Miners’ H2 results expected to reflect strong metal prices
LISTED mining companies are expected to post improved results during the second half of the year due to an improved outlook for metals prices, analysts said.
Next sugar crop reserved entirely for domestic market due to weak harvest
THE SUGAR Regulatory Administration (SRA) said it is planning to allocate the entire incoming sugar crop for domestic use due to an expected drop...
55% biofuel eyed for diesel power generators
THE Department of Energy (DoE) is looking to tap the National Power Corp. (Napocor) to test biofuels in its diesel power generators.
Energy Assistant Secretary...
Wendy’s, Conti’s owner expects bulk of new openings during fourth quarter
EIGHT8ATE Holdings, Inc., which controls the Wendy’s and Conti’s restaurant brands, said the bulk of its new locations are scheduled to open in the fourth quarter, traditionally the strongest period for the food and beverage industry.
NG debt hits P15.7 trillion
THE NATIONAL Government’s (NG) outstanding debt hit a fresh high of P15.69 trillion as of end-July amid an increase in domestic and external borrowings, the Bureau of the Treasury (BTr) said.
Analysts see improving foreign investment outlook for PHL
LOWER INTEREST RATES will help drive the entry of more foreign direct and portfolio investments into the Philippines, analysts said.
Faster consumption key to PHL hitting 2024 growth target, says S&P Global
FASTER PRIVATE CONSUMPTION will be crucial for the Philippine economy to hit its growth target this year, S&P Global Ratings said.
S&P Global economist...
Executive order on EV incentives eyed by yearend
A PROPOSED executive order (EO) on the Electric Vehicle (EV) Incentive Strategy will likely be endorsed to the office of President Ferdinand R. Marcos,...
Peso sinks to two-week low before US data
THE PESO declined to a two-week low against the dollar on Tuesday on expectations of strong US economic data, which may affect the US...
Philippine shares slip on profit taking, weak peso
PHILIPPINE SHARES dropped anew on Tuesday due to profit taking and a weak peso, with investors also staying on the sidelines before the release...
Strong demand for aviation workers triggers training push
THE Department of Transportation (DoTr) said it is studying ways to build up the pipeline of aviation-industry workers due to strong global demand.
Transport Undersecretary...