Business

PAL eyes Tel Aviv route

By Ma. Cristina Arayata/PNA MANILA -- Philippine Airlines (PAL) president and chief executive officer, Jaime Bautista, said Tuesday the carrier eyes offering the Tel Aviv, Israel route. "There's a clamor for it, and...

PH 10-year T-bond rate declines, demand exceeds offering

By Joann Villanueva/PNA MANILA -- Investors swamped Tuesday’s auction of the Philippines’ 10-year Treasury bond (T-bond) but the paper’s interest rate slipped on expectations that domestic inflation rate will continue to decelerate. Average...

Shortage of chicken looms

By Lilybeth Ison/PNA MANILA -- There is a looming shortage of chicken in the country due to an apparent disagreement among stakeholders on the price of the commodity. "The stakeholders could not seem...

Laban Konsyumer sees inflation above 4% in 2019

By Kris Crismundo/PNA MANILA -- Consumer group Laban Konsyumer, Inc. (LKI) expects this year’s inflation rate to surpass the government’s 2 percent to 4 percent inflation target. In a statement Tuesday, LKI president...

Aboitiz optimistic of airport projects in 2019

By Aerol John Pateña/PNA MANILA -- Aboitiz InfraCapital Inc (AIC) is confident that it will be able to start breaking ground for its various regional airport projects across the country this year. The company...

End-December 2018 GIR level rises to USD78.46-B

BSP PR/PNA MANILA -- Preliminary data showed that the country's gross international reserves (GIR) rose to USD78.46 billion as of end-December 2018, Bangko Sentral ng Pilipinas (BSP) Officer-in-Charge Diwa C. Guinigundo announced in...
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