Business

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...

T-bill rates up across-the-board

MANILA - Rates of Treasury bills (T-bills) rose across-the-board Monday on concerns about the rise of domestic inflation and uncertainties on when the Bangko Sentral ng Pilipinas (BSP) will hike key rates.The...

Bargain hunting lifts PSEi; peso keeps ground

MANILA - - Risk-on sentiment boosted the main index Monday while the peso stood firm against the greenback. The Philippine Stock Exchange index (PSEi) ended its two-day slide and recovered by 0.97 percent,...

Regional cooperation to boost infra dev’t: NEDA official

MANILA -- The Philippines is looking at regional cooperation, particularly with the Association of Southeast Asian Nations (ASEAN), as a way to support the implementation of government’s infrastructure program which plays...
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