Business

5% of gas stations prematurely implemented excise tax hike: DOE

By Kris Crismundo/PNA MANILA -- The Department of Energy (DOE) said 444 retail stations or around 5 percent of all gas stations in the country have prematurely implemented the second tranche of excise...

Local markets cheer good news from US

By Joann Villanueva/PNA MANILA -- Investors' hopes that a workable trade deal between the US and China will eventually be brokered as both sides thresh out contentious issues, boosted both the Philippines equities...

Mislatel targets 10K cell sites within 7 years

By Aerol John Pateña/PNA MANILA -- Mislatel Consortium, winning bidder for the country's third telco slot, is eyeing to install some 10,000 cell sites within the country in the next seven years. This,...

PHINMA Energy selling P6-B shares to Ayala Corp.

By Kris Crismundo/PNA MANILA -- PHINMA Energy Corp. announced that it is selling PHP6.05 billion worth of its primary and secondary shares to Ayala Corporation’s energy unit AC Energy. In a statement Wednesday,...

DOF sustains programs to cut red tape, improve EODB in 2018

DOF PR/PNA MANILA -- The Department of Finance (DOF) continued to spearhead programs on cutting red tape and improving the ease of doing business in 2018, with the government’s online trading portal that...

Diokno eyes at least 7% GDP growth in 2019

By Joann Villanueva/PNA MANILA -- Budget and Management Secretary Benjamin Diokno is hopeful that 2019 gross domestic product (GDP) will hit the lower end of the 7 to 8 percent target set by...
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