Gov’t budget shortfall narrows in March, widens in 1Q
The Bureau of the Treasury (BTr) on Monday reported a narrower budget deficit in March as higher tax collection and dividend remittances from government corporations overshadowed the increase in spending.
Union Bank 1Q profit drop sharply on cost of Citi Consumer integration
Union Bank of the Philippines on Monday reported net profit of P2 billion in the first, a sharp drop from the P3.4 billion the lender posted in the same period last year.
DA OKs importation of 25,000 MT pelagic fishes in 4Q due to closed fishing season
The importation is in anticipation of reduced fish supply due to the implementation of the three-month closed fishing season that starts November 1 in waters northeast of Palawan and from November 15 in the Visayan Sea and Zamboanga Peninsula. All three areas are spawning grounds for small pelagic fishes like sardines and mackerel.
Transitioning tollways seen barrier-less in around two years
Metro Pacific Tollways Corp. (MPTC) is spending up to P10 billion to transition all its expressways to a barrier-free system.
OceanaGold starts public offer of shares to raise P6.08 billion
OceanaGold (Philippines) Inc. started Monday the initial public offer of common shares, representing a combined 20 percent stake in the gold and copper producer, that will raise P6.08 billion. The public offer will end on May 6.
