Business

Japan plans to provide 42.48-B yen loan to PH

MANILA -- Japan plans to provide official development assistance (ODA) loans of up to 42.48 billion yen (about PHP20.6 billion) for two infrastructure projects, including upgrading the Metro Rail Transit (MRT)...

64-B-yen Japan-funded projects awarded to PH during Duterte admin

MANILA – The government of Japan has awarded more than 64.52 billion yen or more than PHP31.29-billion worth of projects to the Philippines in the first two years of the Duterte administration. A...

PH to benefit from LNG dev’t says ADB energy expert

MANILA -- The Philippines stands to benefit from introducing liquefied natural gas (LNG) to support power generation and making it part of its energy mix, according to an energy sector expert for...

Peso firms up, stocks sink deeper into bear territory

MANILA -- While the Philippine peso was regaining strength against the greenback on Thursday, local stocks continued their decline, plunging more than 2 percent, sinking deeper into bear territory. The local unit rose...

Further rate hikes seen to ease peso depreciation

MANILA -- An economist from the Manila office of Dutch banking group ING is expecting that the Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) will implement two policy interest...

SEC approves NLEX’s P25-B shelf registration

MANILA -- The Securities and Exchange Commission (SEC) has approved the shelf registration of NLEX Corporation for fixed-rate bonds worth PHP25 billion, which it will offer in several tranches within three years. In...
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