Business

NEDA says foreign businesses confident on PH business climate

MANILA– The National Economic and Development Authority (NEDA) on Tuesday gave the assurance that foreign investors remain confident to do business in the Philippines despite the 14 percent decline in foreign...

Semirara Mining H1 royalty payment triples to P1.7-B

MANILA -- Semirara Mining and Power Company (SMPC) said Friday it has tripled its royalty payment to the government during the first semester of the year. In a disclosure to the Philippine Stock Exchange,...

Dominguez to American businessmen: PHL now among Asia’s fastest-growing economies

NEW YORK CITY— Finance Secretary Carlos Dominguez III told the American business community here that the Philippines has started to deliver on its anticipated economic breakout on the Duterte watch, turning...

Forbes writer cites Duterte factor in PH econ

MANILA -- A contributor of Forbes magazine cited the latest run-up of the Philippine Stock Exchange index (PSEi), saying markets have noted the strength of the domestic economy. President Rodrigo Duterte's ratings have...

Retail competition should benefit consumers: DOE

MANILA -- The Department of Energy (DOE) seeks to establish an industry where power retailers and consumers should be able to compete fairly under the retail competition and open access (RCOA)...

Dominguez welcomes favorable EITI decision on PHL

Finance Secretary Carlos Dominguez III has welcomed the announcement of the International Board of the Extractive Industries Transparency Initiative (EITI) declaring the Philippines as the first country to have successfully obtained...
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