Top News
MacroAsia streamlining food group operations
MacroAsia Corp., the aviation-support services business of the Lucio Tan Group, said Friday that MacroAsia Catering Services Inc. has decided to declare property dividends in the form of shares in its two operating units as part of a restructuring move to streamline the operations of the listed company’s food group.
Philippines affirms infrastructure, resilience commitment at World Planning Congress
The Philippine government reinforced its commitment to improving infrastructure, advancing social development, and boosting community resilience at the 60th World Planning Congress, with Economic Planning Secretary Arsenio M. Balisacan highlighting the crucial role of strategic development planning in achieving the national long-term vision dubbed Ambisyon Natin 2040.
Foreign direct investment falls 29 percent in June to USD394M—BSP data
Foreign direct investments in June declined 29 percent to USD394 million from USD555 million in the year-earlier period, data from the Bangko Sentral ng Pilipinas showed.
Higher transmission charge pushes Meralco rates higher in September
The Manila Electric Co., the largest power distribution company in the country, said Wednesday electricity rates in September will increase mainly due to a higher transmission charge.
Trade deficit widens in July
The trade imbalance widened further in July to USD4.9 billion from only USD4.1 billion a year ago as the economy bought far more foreign goods than it sold in world markets during the period, the Philippine Statistical Authority reported on Tuesday.
