PSEi rebounds before December inflation data
PHILIPPINE SHARES rebounded on Thursday amid expectations of better inflation data for December.
The Philippine Stock Exchange index (PSEi) gained 103.64 points or 1.59% to...
ERC: Committee looking into Panay Island power outage
THE Energy Regulatory Commission (ERC) said the Panay power outage has been referred to an interim grid management committee for investigation, adding that appropriate...
Rice imports hit 3.48 million MT as of late December
THE PHILIPPINES imported 3.48 million metric tons (MT) of rice in 2023 as of late December, according to the Bureau of Plant Industry (BPI).
Rice...
Agri export growth hindered by funding, capacity constraints
AGRICULTURAL EXPORT growth will continue to be constrained by limited output and funding to develop the high-value crop sector, farmers said.
Upskilling, streamlined gov’t seen improving business performance in 2024, PCCI says
THE Philippine Chamber of Commerce and Industry (PCCI) said that 2024 could be a better year for business as the government and private sector...
Debt pile rises to record P14.5 trillion
THE NATIONAL Government’s (NG) total outstanding debt hit a fresh high of P14.51 trillion as of end-November, the Bureau of the Treasury (BTr) said on Wednesday.
MUFG sees PHL economy growing by 5.6% this year
THE PHILIPPINE ECONOMY may grow by 5.6% this year as easing inflation could help boost consumption, MUFG Global Markets Research said.
In a report,...
Renewables seen to offset the rise in electricity prices
THE PRICE AND SUPPLY of electricity in the Philippines are seen to be challenged this year due to warm weather but may be offset by the power capacity expansion from renewables.
DBM chief issues national budget call for 2025
THE 2025 national budget will focus on keeping inflation under control, addressing the economic scarring from the pandemic, boosting infrastructure investments, and adapting global...
Peso rises ahead of Fed minutes
THE PESO appreciated against the dollar on Wednesday on dovish expectations from the minutes of the US Federal Reserve’s December meeting to be released...
Local stocks decline on PMI data, profit taking
STOCKS dropped on Wednesday amid data showing slower Philippine manufacturing activity growth, profit taking after Tuesday’s rally and amid a trading halt that was...
‘Improved planning’ needed after Panay outages — NGCP
THE National Grid Corp. of the Philippines (NGCP) has called for improved energy resource planning following the outages on Tuesday at multiple power plants...