Business

PSA: Bicol fastest-growing region in PH in 2018

By Mar Serrano/Philippine News Agency LEGAZPI CITY -- Fueled by investments in the services and industry sector, Bicol’s economy grew by 8.9 percent in 2018, making it the fastest growing region in...

Peso ends week sideways vs. USD, stocks slip

By Joann Villanueva/Philippine News Agency MANILA -- The Philippine peso ended the week sideways as investors await reports on the United States’ first-quarter output, while the Philippine Stock Exchange index (PSEi) slipped...

Central Luzon economy grows 7.1% in 2018

By Zorayda Tecson and Froilan Magtoto/Philippine News Agency CITY OF SAN FERNANDO, Pampanga -- Central Luzon’s economy grew 7.1 percent in 2018, lower than the high 9.3 percent in 2017, the National...

Luzon power reserves thin from plant outages, de-rated capacities

By Joann Villanueva/Philippine News Agency MANILA -- Four power plants have gone on unplanned outages since Monday, while two are on de-rated capacities, (reduced production) resulting in the thinning of power reserves...

Local markets end Thursday on positive note

By Joann Villanueva/Philippine News Agency MANILA -- Philippines main equities gauge improved for the second consecutive day Thursday and the peso recovered as foreign buying in the local stock market picked up. The...

China aims to dispel debt-trap fear with financing framework

By Kris Crismundo/Philippine News Agency BEIJING -- Chinese Finance Minister Liu Kun announced Thursday that a debt sustainability framework for projects under the Belt and Road Initiative (BRI) will be launched, dispelling...
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