Business

BTr awards 91-day T-bills, rejects 182, 364-day bids

By Kris Crismundo/PNA MANILA – The Bureau of Treasury (BTr) awarded the 91-day Treasury bills (T-bills) in full while rejecting tenders for the 182- and 364-day T-bills during Monday’s auction. BTr awarded the...

Seda Hotel to invest up to P10-B for portfolio expansion

By Leslie Gatpolintan/PNA MANILA -- Seda Hotel is poised to invest between PHP8 billion and PHP10 billion to beef up its portfolio over the next two years and meet the growing demand...

Oil firms announce ‘modest’ price rollback effective Dec. 18

By Kris Crismundo/PNA MANILA – Local oil firms announced another rollback in pump prices effective Dec. 18, Tuesday. The more modest oil price rollback will range from PHP0.25 to PHP0.35 per liter for...

KIA PH set on bringing back sales to 10K-level in 2019

By Kris Crismundo/PNA MANILA -- KIA Philippines aims to raise its sales back to the 10,000-unit level next year, as AC Automotive relaunches the brand in 2019. In a media briefing Monday, KIA...

Globe to adopt 8-digit landline numbers starting March 2019

By Aerol John Pateña/PNA MANILA -- The landline telephone numbers of Globe subscribers in Metro Manila and neighboring areas bearing the 02-area code will migrate to an eight digit format starting March...

ADB sets USD1.3-B assistance for long-term Mindanao dev’t

By Kris Crismundo - PNA MANILA -- The Asian Development Bank (ADB) has earmarked some USD1.3 billion in financing assistance for the long-term development of southern Philippines. Apart from the USD408 million worth of...
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