Philippines hails US move to blacklist local IS-linked groups
The Philippines hailed on Wednesday, Feb. 28, Washington's decision to blacklist two local pro-Islamic State groups, including one which occupied the southern city of...
Duterte allies seek to emulate Chinese Communist Party programs
In a sign of China’s growing influence in the Philippines, President Rodrigo R. Duterte’s political party is holding a two-day summit in Manila to...
Duterte sparks frenzy for telecom penny stocks
There’s a gold rush in Philippine telecom minnows and everybody’s invited. For now.
President Rodrigo Duterte’s decision to award a new telecommunications license has sparked...
Draghi looks on as Europe’s horse trading sends Guindos to ECB
If Mario Draghi had to design the way his colleagues get picked, it would probably be a bit different from how it is now.
The...
Oil set for first monthly drop since August on US stock fears
Oil is poised for its first monthly decline in half a year as January’s rally fades on growing fears over booming U.S. shale supply.
Futures...
Finance chief seeks ‘total clarity’ in Bangsamoro fiscal policy
Department of Finance (DoF) Secretary Carlos G. Dominguez III said that the legislators should be clear in crafting the provisions of the Bangsamoro Basic...
PSEi falls after Fed chair signals more rate hikes ahead
Local equities dropped on Wednesday, Feb. 28, in light of hawkish comments from the United States Federal Reserve, indicating more than three rate hikes...
Peso weakens after Fed chair testimony
The peso weakened against the dollar on Wednesday, Feb. 28, following the bullish testimony of US Federal Reserve (Fed) Chair Jerome H. Powell.
The local...
GBP highlights optimal power mix to achieve ‘energy security’
Given its anticipated economic growth and its installed energy capacity, the country's optimal energy mix would be 70% conventional energy, 30% renewable energy, said...
Infrastructure spending jumps 15.4% in 2017 — Budget chief
Infrastructure spending surged in 2017 to beat the government’s target as work led by the Department of Public Works and Highways (DPWH) picked up,...
PXP Energy net loss widens to P39 million in 2017
PXP Energy Corp. reported a consolidated net loss of P39.1 million in 2017, bigger than the P22.4 million a year earlier, the company told...
PSE removes inactive trading participants
The Philippine Stock Exchange, Inc. (PSE) has removed inactive trading participants as it works on complying with the single-industry cap on exchange ownership.
In a...