Business

PCC rejects URC voluntary pledges on sugar mill buyout

By Kris Crismundo/PNA MANILA -- The Philippine Competition Commission (PCC) announced on Friday that it has rejected the voluntary commitments offered by Universal Robina Corp. (URC) in its acquisition of Central Azucarera...

PRRD admin has leeway to borrow more to secure growth: Fitch

By Joann Villanueva/PNA MANILA -- The Philippine government’s low debt level and high foreign reserves provide the Duterte Administration leeway to borrow more to finance its massive infrastructure program and help address...

Peso rises; local stocks fall as trading week ends

By Joann Villanueva/PNA MANILA -- With no major economic reports here or overseas either to inspire or sow gloom, local markets went their separate ways on Friday with the Philippine peso appreciating...

Skilled workers, high growth make PH attractive to investors

DOF PR/PNA MANILA -- The Philippines’ English-proficient and skilled labor force and the country’s high growth prospects, rather than its tax incentives for businesses, make it an attractive destination for long-term investors,...

Management plan needed to address ‘galunggong’ decline

By Lilybeth Ison/PNA MANILA -- There is a need to put together a national management plan to address the declining production of round scad (galunggong), which is considered one of the most...

Peso seen at P49 vs. USD in 2019 if oil prices drop further

By Joann Villanueva/PNA MANILA -- An analyst of Mauritius-headquartered Alpari Research and Analysis forecasts that the Philippine peso will strengthen to the 49-to-the-greenback level in 2019, if global oil prices declines to...
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