AboitizPower Q1 net income dips by 9% to P3.6 billion

AboitizPower recorded a consolidated net income of P3.6 billion for the first quarter of 2019, 9 percent lower than the P4 billion recorded for...

Piñol urges rice traders to do ‘biz with social conscience’

MANILA – While importing rice is now liberalized with the enactment of Republic Act No. 11203, Agriculture secretary Emmanuel Piñol is urging rice traders...

Hong Kong-based firm sees high gold demand in PH

MANILA – Hong Kong-based company J. Rotbart & Co. expects an increasing demand for gold in the Philippines, comprising almost a fourth of its...

FMIC forecasts better output for PH this 2019

MANILA – First Metro Investment Corporation (FMIC) forecasts better year-on-year output for the Philippine economy in the first quarter of 2019, which would allow...

OTOP.ph hubs in Aklan showcase local products

KALIBO, Aklan – Foreign and domestic tourists may now check out the One Town One Product (OTOP) Hubs strategically located along the national highway...

New Clark airport terminal can withstand powerful quakes, says BCDA president

MANILA– The new passenger terminal currently being constructed at the Clark International Airport (CIA) can withstand a powerful earthquake, an official of the Bases...

BSP to issue circular on environmental and social governance by June

MANILA – The Bangko Sentral ng Pilipinas (BSP) is set to issue by June a circular which would govern local lenders on environmental and...

Admin eyes targeted NFA rice distribution

MANILA – A ranking National Economic and Development Authority (NEDA) official said the government is currently evaluating a proposal to offer subsidized rice only...

Government assures delivery of P10-B RCEF for farmers

MANILA – Concerned government agencies including the Departments of Finance (DOF), Agriculture (DA), Trade and Industry (DTI), and the National Economic and Development Authority...
For 2020, IMF now projects domestic output to expand by 6.3 percent, slower than the 6.6 percent forecast of last April. However, these revised forecasts remain among the highest in the region. ALAMY

Economist cites factors for PH’s ratings upgrade

MANILA – The upgrade of the Philippines’ investment grade credit rating to “BBB+” with stable outlook may be an indication that investments will be...