MANILA, Jan. 13 (PNA) — More Philippine businesses need to practice good corporate governance to complement to the country’s governance structure crucial for attracting investments and sustaining robust economic growth. Fernando Zobel…
Category: Business & Economy
Peso sustains strength vs. USD on falling US Treasury yields
MANILA, Jan. 13 (PNA) — Investors have unloaded their dollar holdings due to falling US Treasury yields, resulting in the appreciation of the Philippine peso. The peso appreciated by 10 centavos to…
RCBC offers US-denominated bonds in Singapore
MANILA, Jan. 12 (PNA) — Yuchengco-led Rizal Commercial Banking Corporation (RCBC) is set to offer benchmarked-sized US dollar-denominated Senior Unsecured Fixed Rate Notes, which will be listed before the Singapore Stock Exchange….
CAMPI, TMA sales up 30%, hits 230K-mark in 2014
By Kris M. Crismundo MANILA, Jan. 12 (PNA) — The largest organization of automotive firms in the country, Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA),…
DOE orders PEMC to make billing simulation upon power shortfall
MANILA, Jan. 12 (PNA) — The Department of Energy (DOE) has ordered the Philippine Electricity Market Corporation (PEMC) to make a billing simulation when the trading at the Wholesale Electricity Spot Market…
LTFRB approves 50-centavo PUJ fare cut in Central Visayas
By Eddie O. Barrita CEBU CITY, Jan. 11 (PNA) — The Land Transportation Franchising and Regulatory Board (LTFRB) has approved the 50-centavo provisional public utility jeepney (PUJ) fare reduction in Central Visayas,…
Meralco files application to source 55 MW of capacity from Toledo Power and Panay Power for summer months
By Juzel L. Danganan MANILA, Jan. 11 (PNA) — The Manila Electric Company (Meralco) has filed an application with the Energy Regulatory Commission (ERC) to source 55 Megawatts (MW) of capacity from…
7 companies to rollback petroleum products Monday
By Juzel L. Danganan MANILA, Jan. 11 (PNA) -– Seven companies will implement another bigtime rollback on their primary petroleum products on Monday, January 12. Petron Corporation, Phoenix Petroleum Philippines, PTT Philippines,…
Peso appreciates vs. USD on risk sentiment resumption
By Joann Santiago MANILA, Jan. 9 (PNA) — Risk sentiment among investors returned Friday enabling the peso to recover to a US dollar. The local unit finished the year’s first trading week…
Volkswagen PHL optimistic to triple sales in 2015
By Kris M. Crismundo MANILA, Jan. 10 (PNA) — As Volkswagen returned to the Philippine market, the German automaker targets to triple its sales in the country this year after reopening here…
PHL exports growth top in East Asia, ASEAN region in Nov ‘14
By Kris M. Crismundo MANILA, Jan 9 (PNA) — The Philippines surpassed exports growth of East Asian and Southeast Asian countries in November 2014 expanding by 19.7 percent. The Philippine Statistics Authority…
Energy firm invests Php1-B for South Cotabato power plant project
By Allen Sam V. Estabillo GENERAL SANTOS CITY, Jan. 9 (PNA) — Energy firm Supreme Power Corporation is investing around Php1 billion for the construction and development this year of an 11.9-megawatt…
HSBC report: PHL fundamentals ensure resiliency of the economy
By Joann Santiago MANILA, Jan. 9 IPNA) — Hongkong and Shanghai Banking Corp. (HSBC) considers a sustained growth for the Philippine economy for the whole of 2014 despite a slowdown in the…
PSEi surges to 20-month high above 7,400
MANILA, Jan. 9 (PNA) –- The local stock market surged to its 20-month high above 7,400-mark on Friday, tracking robust Wall Street sentiment and regional uptrend. The benchmark Philippine Stock Exchange index…
PHL issues USD2-B global bonds
By Joann Santiago MANILA, Jan. 7 (PNA) — The Philippine government successfully issued USD 2 billion-worth of new 25-year US dollar-denominated global bonds to the international debt market. The freshly-issued paper has…