Business

PRRD expresses support for Silk Road initiatives

ZHIANGJIAJIE, China – President Rodrigo Duterte has expressed support for the initiatives of the Silk Road Chamber of International Commerce (SRCIC), which seeks to promote trade and economic development in the region. In...

Non-infra programs face cancellation if oil excise tax suspended

MANILA – Some of the Duterte administration's non-infrastructure expenditures scheduled for 2019 face possible cancellation if the implementation the oil excise tax's second tranch is put on hold due to soaring world...

DA eyes support price for some agri products

MANILA -- The Department of Agriculture (DA) mulls the setting of farm support prices for some agricultural products like rice, chicken and pork, to protect producers from a sudden decline in the...

BTr rejects 91-day T-bill bids, partially awards longer tenors

MANILA -- Demands for greater yield resulted in the rejection of bids for the 91-day Treasury bill (T-bill) and only partial awards for the two higher tenors by the Bureau of the...

Peso stays afloat but PSEi weighed down by trade concerns

MANILA – Stronger inflows from Overseas Filipino Workers (OFWs) as of end-August 2018 buoyed the peso Monday but the Philippine Stock Exchange index (PSEi) fell on jitters created by US President Donald...

Solons welcome possible oil excise tax hike suspension

MANILA -- Some lawmakers at the House of Representatives welcomed the Duterte administration's plan to temporarily suspend the scheduled oil excise tax hike next year. This, after Special Assistant to the President Christopher...
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