The Philippine Stock Exchange Index closed last week at 7,854 points, a major drop from the previous weeks’ highs, while the Philippine Peso weakened against the dollar, falling down to P52 to the greenback due to regional concerns over the Yuan and what it may do to several Asian economies. REUTERS

Peso sustains rise, stocks recover

MANILA – The Philippine peso ended the week still better than the United States (US) dollar while the Philippine Stock Exchange index managed to recover amid...
The different components of environment-friendly shrimp farming by SEAFDEC/AQD as illustrated in a diorama at the 12th Philippine Shrimp Congress in Bacolod City.

Eco-friendly tiger shrimp farming pushed

By RD Dianala BACOLOD City – With its premium taste and superior economic value, tiger shrimp is being pushed as an alternative species to farm alongside...
Farmers harvest rice in Bago City, Negros Occidental. A farmers’ association has sought assistance from the provincial government to help them cope with the low farmgate prices of palay. BUSINESSWORLD

Farmers in Bago City turn to gov’t to cope with low palay prices

BACOLOD City – A group of farmers in Bago City, the largest rice producer in Negros Occidental province, has turned to the provincial government to cope with...
Greenpeace activists hang from an oil tank at the Hellenic Petroleum refineries in Aspropyrgos near Athens, Greece, on Nov. 21. COSTAS BALTAS/REUTERS

Activists rappel down HELPE storage tank in Greece to protest ‘climate emergency’

ATHENS – Greenpeace activists rappelled down the side of huge storage tank at a Hellenic Petroleum (HELPE) refinery near Athens on Thursday. The activists also unfurled huge...
An aerial view of Makati City, the financial center of the Philippines. Foreign investments are up a whopping 348 percent between January to July, while local investments increased slightly by 2.7 percent. ORANGETRANSLATIONS.COM

Foreign investors push for passage of CITIRA

MANILA– Foreign business groups expect reduced corporate tax rates as they support the immediate legislation that would reduce corporate tax and rationalize tax incentives. European Chamber of Commerce...
Google’s headquarters in Mountain View, California. Google said by January next year, advertisers will only be able to target political ads based on broad categories such as gender, age and postal code. BLOOMBERG

Google reins in political advertising

SAN FRANCISCO – Google is making it harder for political advertisers to target a specific demographic. The company said that by January next year, advertisers will only...
An employee browses through her smartphone at a shopping mall in Shenzhen, China’s Guangdong province. China has raised the estimate of its economy size by 2.1 percent following a census, raising its gross domestic product for 2018 to 91.93 trillion yuan ($13.1 trillion). ANDY WONG /AP

China raises estimate of economy’s size following census

BEIJING – China’s economy was 2.1 percent bigger than what’s previously estimated, revising the gross domestic product (GDP) for 2018 to 91.93 trillion yuan ($13.1 trillion) based...
Bangko Sentral ng Pilipinas on Friday declined to comment on the arrest of former Foreign Affairs Secretary and Banco Filipino Savings and Mortgages Bank director Perfecto Yasay Jr. ABS-CBN NEWS

BSP sets indefinite moratorium on issuance of long-term deposit

MANILA – An indefinite moratorium on the issuance of long-term negotiable certificate of time deposits (LTNCTDs) will be in place starting Jan. 1, 2022. The LTNCTDs...
Senator Cynthia Villar (center) leads the opening of the three-day 12th Philippine National Shrimp Congress at the SMX Convention Center in Bacolod City on Tuesday. She is joined by Negros Occidental 2nd District representative Leo Rafael Cueva (right), Philippine Shrimp Industry, Inc. (Philshrimp) president Roberto Gatuslao (2nd from right), congress chairman Constantine Tanchan (right) and other Philshrimp officials. PNA

PH shrimp industry banks on gov’t support to sustain growth

BACOLOD City – Filipino shrimp producers are banking on government support to sustain the industry’s growth in recent years. Industry players have gathered for the three-day 12th...
Philippines will not suspend rice imports but will tighten food safety measures to control the entry of cheap grain that is hurting the incomes of local farmers, says Agriculture secretary William Dar. Reuters

PH tightens rules on rice imports

MANILA – The Philippines will not suspend rice imports but will tighten food safety measures to control the entry of cheap grain that is hurting incomes...