Business

Oil prices to go up again on July 16

By Joann Villanueva/Philippine News Agency MANILA — Seaoil on Monday announced a hike on the prices of its oil products effective 6 a.m. on July 16, 2019. In an advisory, the oil company...

Peso, PSEi up on Fed rate hike anticipations

By Joann Villanueva/Philippine News Agency MANILA – Both the Philippine peso and the Philippine Stock Exchange index (PSEi) ended the week’s first trading up on rate hike expectations from the Fed. The local...

Foreign traders explore investment potentials in SoCot

By Fruto C. Sumagaysay/Philippine News Agency GENERAL SANTOS CITY -- Several foreign investors have signified interest to venture into some major projects, among them dairy and mushroom processing, in South Cotabato province. Emmanuel Jumilla,...

PEZA pushes grant of subsidies for high-ticket industries

By Leslie Gatpolintan/Philippine News Agency MANILA -- The Philippine Economic Zone Authority (PEZA) will submit to the next Congress a proposed amendment to its law, granting subsidies to high-ticket industries that will...

Timing is crucial for next rate cut, Diokno says

By Joann Villanueva/Philippine News Agency MANILA -- Philippine monetary officials have already made up their mind to further cut Bangko Sentral ng Pilipinas’ (BSP) key policy rates but BSP Governor Benjamin Diokno...

Foreign buying buoys peso, but local shares sink

By Joann Villanueva/Philippine News Agency MANILA — Foreign buying in the local bourse allowed the Philippine peso to remain firm against the US dollar but the main equities index sunk as the...
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