PPA reports congestion-free seaports
State-run Philippine Ports Authority (PPA) disputed reports of congestion or backlogs in the country’s covered ports, saying latest data even show improving yard utilization...
Foreign investment pledges in 4Q up 30% to P174 billion
Foreign investment pledges made with six investment promotion agencies of the government increased to P173.61 billion in the fourth quarter, up 30 percent from the P133.47 billion made in the year-earlier period, the Philippine Statistics Authority said.
Eric Recto elevated chairman at Alphaland
Eric O. Recto, the nephew of businessman Roberto V. Ongpin who died early this month, is elected chairman of Alphaland Corp.
Recto, Undersecretary at the...
LNG supply seen tight until 2025
The supply of liquefied natural gas (LNG) in markets around the world is seen to remain tight through 2025, according to the Institute for Energy Economics and Financial Analysis (IEEFA).
Broadening price pressures compel BSP to raise rates anew by 50 basis points
The policy-making Monetary Board of the Bangko Sentral ng Pilipinas (BSP) at its meeting on Thursday raised the interest rate on the its overnight reverse repurchase facility by 50 basis points to 6 percent, effective tomorrow, 17 February 2023.
