Oil rises to highest in over seven months on supply worries
Oil prices rose on Friday to their highest in over half a year and snapped a two-week losing streak, buoyed by expectations of tightening supplies.
Coastal Road to Sucat link project seen completed in 3 months
The Cavitex Infrastructure Corp. (CIC) on Friday projected completing the CAVITEX C5 Link Segment 2 within the first three months next year.
Japan helps Manila build $150M submarine cable
The Philippines is expanding its submarine cable network and has contracted the Japanese telecommunications giant IPS Inc. and affiliate InfiniVAN Inc. in a $150 million project linking Luzon to islands in the Visayas and Mindanao.
China to cut banks’ FX reserve ratio to rein in yuan weakness
China's central bank said on Friday it will cut the amount of foreign exchange that financial institutions must hold as reserves for first time this year, a move seen aimed at slowing the pace of recent yuan depreciation.
President Marcos sets price ceiling for rice; well-milled capped at P45/Kilo
President Ferdinand Marcos Jr. has set price ceilings on rice to counter alleged price manipulation that has driven higher the cost of the country’s staple food, his office said Friday.
