Bargain hunting pushes PSEi back to 6,000 level
THE MAIN INDEX returned to the 6,000 level on Thursday for the first time in a week as bargain hunting after a two-day slump...
Mynt aiming for $8-billion valuation in IPO, sources say
HONG KONG/SINGAPORE — Mynt, the Philippine company behind the country’s top e-wallet GCash, is planning to file for a domestic listing as early as...
Luzon, Visayas grids on red alert
POWER CONSUMERS in Luzon and the Visayas experienced interruptions on Wednesday after red and yellow alerts were raised across the grids following the loss...
El Niño may strain economy
THE PHILIPPINE ECONOMY could face added pressure from a looming El Niño episode as it continues to grapple with the fallout from the flood control graft scandal and elevated energy costs linked to the Iran war, according to Nomura Holdings, Inc. Global Markets Research.
Meralco cuts power rates slightly after 3-mo. hikes
RESIDENTIAL CUSTOMERS of Manila Electric Co. (Meralco) will see a slight reduction in their electricity bills this month after three consecutive monthly increases, as regulatory interventions softened what could have been a bigger jump in power rates amid higher fuel prices linked to the Iran war.
DoF chief says EV incentive program to be released soon
THE DEPARTMENT of Finance (DoF) said the government expects the release of the Electric Vehicle Incentive Strategy (EVIS) soon as agencies continue to coordinate...
Peso gains on profit taking, possible intervention
THE PESO rebounded against the dollar on Wednesday despite touching new lows early in the session, supported by profit taking and likely intervention from...
Stocks drop on mixed earnings, US-Iran deadlock
PHILIPPINE SHARES edged lower for a second straight day on Wednesday as investors stayed cautious amid mixed corporate results and the standoff between the...
March loan growth at 7-month high
PHILIPPINE BANKS’ lending to businesses and consumers marked its fastest expansion in seven months in March, supported by robust liquidity in the financial system despite the Middle East conflict, preliminary Bangko Sentral ng Pilipinas (BSP) data showed.
GDP growth may slow further as price pressures mount
PHILIPPINE ECONOMIC GROWTH this year could slump to its slowest in nearly two decades as price pressures from the energy crisis compound already muted...
Luzon Economic Corridor seen to increase jobs, investments
THE LUZON Economic Corridor (LEC) will help make the Philippines more resilient to external shocks by generating more jobs and attracting greater foreign investment interest, the Finance department said.
DoTr eyes to award automated fare collection system project this year
THE DEPARTMENT of Transportation (DoTr) targets to award the Philippine Automated Fare Collection System (PAFCS) contract by the fourth quarter, with the bidding process...