January FDI inflows drop 20%, signaling slower investor momentum
Foreign direct investment (FDI) inflows, the kind that stays invested in the country, dropped by 20 percent on net basis in January this year, totaling USD731 million, down from USD914 million a year ago, according to data released by the Bangko Sentral ng Pilipinas (BSP).
NOW to challenge NTC denial of provisional authority extension
NOW Corp. said Thursday it “vehemently disagrees” with the decision of the National Telecommunications Commission (NTC) to deny its application for an extension of its provisional authority to develop and operate a nationwide cellular mobile telephone system.
US markets plunge amid rising China trade tensions
U.S. shares tumbled on Thursday as mounting trade tensions with China overshadowed initial relief from President Donald Trump’s earlier decision to delay higher tariffs on America’s trading partners.
MCWD in 25-year desalination venture with Vivant
Vivant Corp. water unit Vivant Hydrocore Holdings Inc. (Vivant Water) has signed a 25-year joint venture with the Metropolitan Cebu Water District (MCWD) to supply Metro Cebu with clean, potable water through a large-scale desalination facility in Cordova, Cebu.
Farmers’ group pushes for minimum palay buying price to shield producers
The Federation of Free Farmers (FFF) is urging the government to impose a minimum buying price for palay, warning that plummeting farmgate prices driven by cheaper rice imports and other factors are threatening the livelihoods of Filipino rice farmers.
