Profit-taking hurts PH stocks index; PHP firm vs. USD
The Philippine Stock Exchange index ended the week on the red after some investors took profit but the peso finished sideways against the US...
ARTA urges LGUs to extend biz permits renewal up to Q1 end
Amid the spike in coronavirus disease 2019 (Covid-19) cases at the start of the year, the Anti-Red Tape Authority (ARTA) has called on local...
Philex’s new mine seen yielding $7B in sales
Philex Mining Corp. has estimated that it will generate almost $7 billion in sales of metallic minerals throughout the lifespan of its Silangan copper-gold...
Forex reserves hit $108.89B in ’21, down 1%
The Philippines’ stock of foreign currency reserves settled at a total of $108.89 billion at end-2021, lower by 1 percent from $110.12 billion at...
World Bank cuts global growth forecast for 2022
The World Bank on Tuesday lowered its global economic growth forecast to 4.1 percent for this year, down 0.2 percentage points from its previous...
Shrimp head: From food waste to business
To mitigate food waste, the National Fisheries Research and Development Institute (NFRDI) pushed to turn some of it into “something valuable.”
Rosa Bassig, senior science...
Petron set to issue $500-million senior notes
Petron Corp. will be tapping the capital market to raise $500 million via the issuance of US dollar-denominated senior notes.
The oil firm on Tuesday...
PH financial institutions get improving outlook this year
Fitch Ratings has included its rated Philippine financial institutions (FIs) as among the 12 percent of its 141 rated firms globally that have improving...
PH economy seen growing 6-7% in 2022
The Philippine economy is expected to return to its 6 to 7-percent growth trajectory in 2022 after nearly two years of grappling with the...
Treasury partly awards 5-year bonds amid high bid rates
The Bureau of the Treasury awarded only P22.1 billion out of its P35-billion bonds offering on Tuesday (Jan. 11) as yields rose despite easing...