SSI unit forms joint venture with PRADA for local stores
Stores Specialists, Inc., a wholly-owned subsidiary of listed SSI Group Inc., has taken a 40 percent stake in PRADA Philippines Inc., a joint venture...
NEDA Board extends lower tariff on rice, corn, pork until end-2024
The National Economic and Development Authority Board, the country’s highest economic policymaking body, on Thursday decided to keep tariff rates on imported rice, corn and pork at reduced levels to address supply and price challenges, including the threat of El Nino and the African swine fever.
DOE rules out power deficit in 2024 but prudently makes preparations
The Department of Energy projects sufficient power generation from the various power companies next year enough for the DOE to rule out yellow or red alerts no matter the feared impact of the El Niño weather disruptions.
Monetary board maintains policy settings
The monetary board of the Bangko Sentral ng Pilipinas (BSP) at its final rate-setting meeting this year opted to keep the benchmark interest rate or its target reverse repurchase (RRP) rate unchanged at 6.50 percent.
Cosco declares P1.41B cash dividend, extends shares repurchase program
Cosco Capital Inc., the listed holding company of billionaire Lucio Co, said Thursday its board approved a cash dividend declaration worth a total P1.41 billion and a new P2 billion budget for the renewal of its shares buy back program next year.
