Gold mine sums up newfound appreciation of PHL small caps
PHILIPPINE INVESTORS are shifting into small, lesser-known names in a stock market that ranked as the world鈥檚 worst performer last month.
Philippines, Indonesia eye copper tie-ups
The Philippines and Indonesia have pledged to deepen ties to boost their copper industries, according to the Trade department.
Officials from both countries met virtually...
Duterte flags ‘Build Build Build’ setback due to insufficient workforce
THE GOVERNMENT’s flagship “Build Build Build” infrastructure development program 鈥 meant to spur overall economic growth to a sustained faster pace 鈥 has suffered delays due to a lack of workers, President Rodrigo R. Duterte himself admitted on Thursday night.
Duterte signs FIST into law
PRESIDENT Rodrigo R. Duterte on Tuesday signed the law allowing financial institutions to sell bad loans to asset management companies, according to Finance Secretary Carlos G. Dominguez III.
Remittance impact on peso flagged
SLOWING growth of remittances from Filipinos abroad is not likely to cause a significant dent in overall economic expansion, although it will make the peso 鈥渕ore vulnerable to sudden shifts in global risk appetite鈥 through a widening current account deficit, Capital Economics said in a March 14 note.
More companies close in on maiden share sale
COCONUT PRODUCTS manufacturer Axelum Resources Corp. and home improvement retailer AllHome Corp. are one step closer to launching their market debuts after securing clearance from the Securities and Exchange Commission for their initial public offering (IPO).
Renewable energy could cut electricity rates by 30% — report
HEAVY RELIANCE on imported fossil fuels, high financing costs and uncompetitive market structures have contributed to make electricity prices in the Philippines among the highest in Southeast Asia, according to a report of a global research institute.
PHL firms鈥 confidence eases, still highest
BUSINESSMEN in the Philippines have turned out to be the most bullish globally, according to a press statement released on Tuesday by P&A Grant Thornton that summarized findings of Grant Thornton鈥檚 International Business Report (IBR) for the first half, even as net optimism was down one and nine points from 2018鈥檚 first and second semesters, respectively.
Philippine edge erodes in annual survey
AFTER figuring as one of the most-improved economies last year, the Philippines fell eight notches to 64th out of 141 economies in the World Economic Forum鈥檚 Global Competitiveness Report 2019, the Makati Business Club (MBC) said in a press release on Tuesday.
Two more firms step towards IPO within the year
Cal-Comp Technology (Philippines), Inc. and Fruitas Holdings, Inc. have secured the approval of the Securities and Exchange Commission (SEC) for their initial public offering (IPO) next month.
LTFRB sets formula for fare adjustments
THE public land transport regulator has set a formula for changes in jeepney, bus, taxi and UV Express fares that takes into account fuel pump price movements, in order to remove the need for operators to seek regulatory approval for each adjustment.
Pasay-SM Prime Manila Bay reclamation project set to proceed
SM Prime Holdings, Inc. has received the official notice from the Pasay City government to proceed with its 360-hectare reclamation project within the city’s municipal waters, the Sy-led listed company said in a disclosure on Friday.