MANILA, Jan. 26 (PNA) — Chevron Philippines Inc. (CPI) and Petron Corporation will hike gas prices by Php0.30 centavos per liter and will cut diesel prices by Php0.10 centavos per liter. CPI…
Category: Business & Economy
Cement industry sales up in 2014
MANILA, Jan 27 (PNA) — Sales of the cement industry for full-year of 2014 has increased by 9.6 percent year-on-year, said Cement Manufacturers’ Association of the Philippines (CeMAP) President Ernesto M. Ordoñez….
BAP Bancnet, Megalink to consolidate this coming week
By Joann Santiago MANILA, Jan 25 (PNA) – – Retail payment system in the Philippines is seen to further strengthen with the scheduled formal consolidation of Bancnet and Megalink this coming week….
Battery maker Eveready holds e-balde seminar in Dagupan
DAGUPAN CITY, Jan. 25 (PNA)–Battery maker Eveready introduced its e-balde (e-pail) technology to instill disaster preparedness among residents of Dagupan during a five-hour seminar held at the Dagupan People’s Astrodome which was…
Shimano opens Php1.32-B bicycle plant in PHL
By Kris M. Crismundo MANILA, Jan 25 (PNA) — Shimano Inc., a Japanese manufacturer of bicycle and rowing equipment, has opened a 3.5 billion yen or around Php1.32 billion facility in the…
JG Summit raises Php8.8-B via equity placement
By Leslie D. Venzon MANILA, Jan. 22 (PNA) –- Philippine conglomerate JG Summit Holdings, Inc. raised Php8.8 billion in a share sale, proceeds from the offering will be used for general corporate…
PHL stocks plunge anew
MANILA, Jan. 22 (PNA) — Local share prices finished in negative territory anew on Thursday as investors awaited the European Central Bank’s (ECB) monetary policy decision. The benchmark Philippine Stock Exchange index…
Bayantel confident NTC will approve petition for change in ownership
By Azer N. Parrocha MANILA, Jan. 22 (PNA) — Bayan Telecommunications Inc. (Bayantel) expressed confidence on Thursday that the National Telecommunications Commission (NTC) will approve its joint petition with Globe Telecom Inc….
Sun Life Canada sees positive turn-out for PHL in 2015
By Joann Santiago MANILA, Jan 22 (PNA) — Officials of Sun Life of Canada Philippines, Inc. (SLOCPI) remain optimistic on the resiliency of the economy and the domestic financial market and its…
PHL GDP growth seen at 5.7% to 6.5% in 2015
By Leslie D. Venzon MANILA, Jan. 22 (PNA) — The Philippine economy is expected to expand 5.7 percent to 6.5 percent this year on the back of the robust growth of manufacturing…
PSEi resumes rally on rosier economic outlook
MANILA, Jan. 21 (PNA) –- The local stock market resumed its rally on Wednesday as investors cheered rosier prospects for the Philippine economy. The barometer Philippine Stock Exchange index (PSEi) advanced 21.29…
Peso strengthens further vs USD, closes at Php44.40
MANILA, Jan. 21 (PNA) — The Philippine peso sustained its strong trade against the US dollar Wednesday buoyed by anticipations for announcement of additional stimulus program from the European Central Bank (ECB)…
Peso sustains appreciation vs USD on foreign buying, remittances
By Joann Santiago MANILA, Jan. 20 (PNA) — Foreign buying in the local equities market continue to help the peso Tuesday after the local currency ended the day sideways against the US…
PHL posts USD 2.9B BOP deficit in 2014
By Joann Santiago MANILA, Jan. 20 (PNA) — The Philippines’ posted a lower-than-target deficit in its 2014 balance of payment (BOP) position after it registered a surplus last December. Data released by…
18-year PHL T-bond rate average up to 3.5%
MANILA, Jan. 20 (PNA) — Average rate of the Philippine government’s 18-year Treasury bond (T-bond) rose to 3.85 percent during an auction by the Bureau of the Treasury (BTr) Tuesday. This was…