DOE to check if there’s collusion among power plants amid outages
MANILA – An official from the Department of Energy (DOE) on Thursday said the agency will investigate if there is really a collusion among...
Amid trade tensions, Brexit worries, IMF cuts global growth outlook
WASHINGTON – The International Monetary Fund on Tuesday cut its global economic growth forecasts for 2019 and warned growth could slow further due to...
Oil hits 5-month high amid Libya conflict
LONDON – Oil hit a five-month high above $71 a barrel on Tuesday, supported by concern that violence in Libya could further tighten supply...
Cement shortage seen to delay new construction projects
MANILA – A property consultancy firm warned that the current shortage of cement is likely to hold back the construction of new buildings.
Pronove Tai...
PSA defends P10,481 estimate: ‘Hindi naman puro noodles yan’
MANILA – A Philippine Statistics Authority (PSA) official on Thursday defended the P10,481 estimated minimum budget needed by a family to survive in a...
Piñol shrugs off resignation rumors
MANILA – Agriculture secretary Emmanuel Piñol on Wednesday dismissed rumors that he has resigned from his post.
Piñol, in a press briefing, also shrugged off...
‘Slump in rice farm-gate prices not due to import liberalization’
MANILA – An official of the National Economic and Development Authority (NEDA) said it was "too early to say" if the entry of imported...
Poverty incidence in first half of 2018 down 21%, says PSA
MANILA – Poverty incidence among Filipino individuals has declined to 21 percent in 2018 from 27.6 percent during the same period in 2015, according...
Asian shares slip from 8-month peak as US opens new front in trade war
TOKYO – Asian shares stepped back from eight-month highs on Wednesday as the IMF lowered its global growth outlook and as tensions over tariffs...
Has PH economic boom lifted more people out of poverty?
MANILA – The ranks of the poor in Philippines are moderating as the nation sustains among the fastest economic growth in the region, according...