Peso strengthens as markets stay hopeful on US-Iran deal
THE PESO appreciated against the dollar on Thursday after the United States again signaled a possible end to the Middle East conflict.
The currency closed...
Ecozone moratorium in NCR seen curbing locator flexibility
THE MORATORIUM on approving new economic zones in Metro Manila is restricting the flexibility of IT and business process management (IT-BPM) companies in selecting office locations, Savills Philippines said.
Davao DPWH officials charged over ‘ghost’ farm road projects
THE Department of Agriculture (DA) said it lodged graft, malversation, and falsification charges against multiple officials of the Department of Public Works and Highways...
Visayas grid on yellow alert again
THE Visayas grid was placed on yellow alert once more on Thursday, with the region’s power supply remaining under pressure in the face of...
PSEi halts losing streak on Iran peace deal hopes
THE benchmark index bounced back from a four-day losing run on bargain hunting and also lifted by renewed optimism over peace talks between the...
ADB urges PHL to maximize PPPs
THE PHILIPPINE government should maximize public-private partnerships (PPP) to help narrow the country’s infrastructure gap while easing fiscal pressure from rising debt levels, the Asian Development Bank (ADB) said.
El Niño, rising costs to weigh on rice production
SINGAPORE — Soaring fuel and fertilizer costs linked to the Middle East conflict, coupled with drier-than-usual conditions, are putting increasing pressure on domestic rice production and threatening the Philippines’ food security, according to the International Rice Research Institute (IRRI).
ERC yet to decide on extension of GEA-All suspension
ELECTRICITY CONSUMERS may face higher power costs, as the Energy Regulatory Commission (ERC) has yet to decide whether to extend the suspension of the...
Peso edges up as Mideast caution lingers
THE PESO inched higher versus the dollar on Wednesday after moving in a tight range as the market stayed on edge while waiting for...
Global bond selloff threatens turmoil in weakest Asian economies
THREE OF ASIA’S most vulnerable economies are showing rising strains as their central banks come under pressure to tighten policy even as the economic...
Stocks extend losses as market weighs war risks
PHILIPPINE STOCKS declined for the fourth straight day on Wednesday as concerns over the economic impact of the Middle East war kept investors gloomy.
The...
Safeguard duties imposed on imported meat, coffee, onions
THE Department of Agriculture said it imposed price-based special safeguard measures on 21 agricultural product categories, after import prices fell below established trigger levels.
In...