By Leslie D. Venzon MANILA, Aug. 24 (PNA) — The local stock market plunged to its lowest single-day close on Monday on massive sell-off amid continued uncertainties in the global markets. Philippine…
Category: Business & Economy
Phoenix Petroleum Phils OKs registration of existing P 3.5-B short-term commercial paper (STCP)
By Juzel L. Danganan MANILA, Aug. 24 (PNA) — Phoenix Petroleum Philippines has approved the registration of short-term commercial paper (STCP) worth Php 3.5 billion, according to a disclosure from the Philippine…
Oil firms to reduce prices for 9th week
By Juzel L. Danganan MANILA, Aug. 24 (PNA) – Oil firms will reduce prices on Tuesday, for the ninth consecutive week. In separate advisories on Monday, Pilipinas Shell Petroleum Corp. (PSPC), Petron…
Globe urges customers to step up online security vigilance via #Protech101
MANILA, Aug. 24 (PNA) — Globe Telecom, the purveyor of digital lifestyle in the Philippines, urges its customers to step up their online vigilance so they can better protect themselves from becoming…
JICA sets US$ 2-B for PHL’s Tutuban-Malolos rail project
By Kris M. Crismundo MANILA, Aug 23 (PNA) — The Japan International Cooperation Agency (JICA) earmarks some US$ 2.0 billion for the Philippines for the construction of the first phase of the…
EU businesses rank PHL with easiest labor recruitment from abroad among ASEAN-5
By Kris M. Crismundo MANILA, Aug 23 (PNA) — The Philippines topped among ASEAN-5 in terms of ease of recruiting labor from abroad and sentiment towards the European Union (EU), according to…
ERC gearing up TWG for Competition Commission
By Juzel L. Danganan MANILA, August 23 (PNA) – Energy Regulatory Commission (ERC) Chairman Jose Vicente Salazar said the regulatory body will create a technical working group (TWG) in preparation for the…
Statement of the Bureau of Customs on the issue of balikbayan boxes
By Ferdinand G. Patinio MANILA, Aug. 23 (PNA) — The Bureau of Customs (BOC) said that they are not after the pasalubong of the Overseas Filipino Workers (OFWs) but the smugglers who…
Former DOE head questions third party requirement for CSP
By Juzel L. Danganan MANILA, Aug. 23 (PNA) – Former Department of Energy (DOE) Secretary Francisco Viray has questioned the third party hires required for the competitive selection process (CSP) for distribution…
CA orders full-blown trial of Gotesco corporate dispute
By Perfecto T. Raymundo MANILA, Aug. 21 (PNA) –The Court of Appeals (CA) has sent back the intra-corporate dispute at Gotesco Investment, Inc. (GII) to the Manila Regional Trial Court (RTC) for…
Gov’t pushes growth of MSMEs in Zamboanga Peninsula
By Kris M. Crismuno MANILA, Aug 21 (PNA) — The Department of Trade and Industry (DTI) pushes for the growth of micro, small, and medium enterprises (MSMEs) in Zamboanga Peninsula to spur…
Uber offers passengers ‘free trips’ to NAIA on Ninoy Aquino Day
By Azer N. Parrocha MANILA, Aug. 21 (PNA) — Ride-sharing service Uber on the 32nd anniversary of the late senator Ninoy Aquino on Friday gave free rides to its customers on rides…
Oil firms may slash prices next week
By Juzel L. Danganan MANILA, Aug. 21 (PNA) – Oil firms are likely to implement another round of rollbacks next week, said one of the industry players Friday. ”It’s rollback again. 70…
Filinvest Land raises Php8 B from bond issue to boost recurring business
By Leslie D. Venzon MANILA, Aug. 20 (PNA) — Property developer Filinvest Land, Inc. (FLI) has raised Php8 billion from the bond issue to partially fund new projects that can triple its…
Uber vows to ensure partners fulfill all requirements under TNC/TNVS regulations
By Azer N. Parrocha MANILA, Aug. 20 (PNA) — Ride-sharing service Uber on Thursday welcomed the decision of the Land Transportation Franchising and Regulatory Board (LTFRB) to approve the company’s application as…