SINGAPORE - Most Asian currencies rose on Wednesday, led by the Philippines peso, as falling oil prices eased concerns about inflation and offset the strength of a broadly firmer U.S. dollar. Read the rest of this entry »
Bangko Sentral ng Pilipinas governor Amando Tetangco said on Wednesday that economic growth of 5-6 percent this year would be respectable given current conditions. Read the rest of this entry »
SINGAPORE - Oil was inching higher on Thursday, following a second consecutive session of steep losses, as a surprise build in US crude oil inventories amid flailing demand continued to weigh on the market. Read the rest of this entry »
Listed Acesite Philippines Hotel Corp. is planning to increase capital from P100 million to P500 million this year to support the ongoing renovation of its Manila Pavilion Hotel. Read the rest of this entry »
MANILA - Good weather conditions probably meant better-than-expected rice production in the Philippines of about 7.3 million tons in the first half of the year, a senior agriculture official said on Monday. Read the rest of this entry »
Stocks retreated Tuesday as investors cut their positions following Wall Street’s fall due to more financial worries in the US and ahead of the local central bank’s decision on its interest rates. Read the rest of this entry »
Money sent home by overseas Filipino workers (OFWs) rose 15.6 percent year-on-year in May after an 18.4-percent annual increase in the month earlier, the central bank said Tuesday. Read the rest of this entry »
The country’s largest mobile-phone operator warned regulators over the weekend that industry players will be forced to cut back on investments in telecommunications services if a price cap on interconnection charges for voice and short-messaging service (SMS) is imposed. Read the rest of this entry »
SINGAPORE - The Philippines’ Galoc oilfield has faced yet another setback and first oil is now likely only in August, against a initial startup planned for the first quarter, equity holder Otto Energy said on Monday. Read the rest of this entry »
The Philippine Stock Exchange (PSE) has urged the government to mitigate rising fuel prices but said that the suspension of the 12-percent Value-Added Tax (VAT) on oil products would not solve the problem. Read the rest of this entry »
