Business

Economic managers approve P71.3-B worth of projects

MANILA -- Economic managers have approved three projects worth PHP71.35 billion, including a flood control project in Mindanao and a traffic-alleviating project in Metro Manila. The National Economic and Development Authority (NEDA) Investment Coordination...

Integrated steel mill to back PH industries: ex-DTI chief

MANILA -- Former Trade Secretary Adrian Cristobal Jr. said the country needs an integrated steel mill to support other local industries, particularly shipbuilding and manufacturing of automotive vehicles. Cristobal, who is now...

Proposed easing of bank secrecy law covers everyone: Dominguez

MANILA -- The plan to ease the country’s bank secrecy law, which is under the proposed Package 1B of Tax Reform for Acceleration and Inclusion (TRAIN) Act, aims to allow courts to...

12-MW Maibarara geothermal starts exporting power to Luzon grid

MANILA -- The 12-megawatt Maibarara geothermal power plant (M2) has successfully been connected to the Luzon grid, its first export of power to the grid. Listed PetroEnergy Resources Corporation (PERC) said the facility...

ASEAN eyes release of NTBs inventory this year: PH trade chief

MANILA -- The Association of Southeast Asian Nations (ASEAN) aims to release by the end of 2018 its inventory of non-tariff barriers (NTBs) and classifying the types of barriers to trade. Department of...

BSP need not mirror Fed decisions: Espenilla

MANILA -- Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. said they do not need to mirror key rate adjustments by the Federal Reserve or other central banks given the...
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