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Korea aids Ph’s rice supply chain

Korean and Philippine state agencies and corporations recently started construction on a new rice seed processing facility and warehouse with cold storage, marking a significant step in strengthening bilateral ties. 

DMCI Holdings earnings plunge on normalizing coal, nickel price

Normalizing coal and nickel prices undermined earnings of DMCI Holdings Inc., sending the nine-month net income of the diversified engineering conglomerate down 28 percent to P20 billion from P27.6 billion in the year-earlier period.

Renewable energy providers propose adding 25,000 MW to the grid

Close to a hundred power generation projects generating 25,511.066 megawatts (MW) have been cleared for system impact studies (SIS) with the National Grid Corporation of the Philippines (NGCP), according to the Department of Energy (DOE). 

September deficit widens a shade under 60% to P179.5B

The budget deficit widened in September this year to P179.5 billion, just a shade under 60 percent from last year's P119.9 billion and the result of far more expenses this year than there were receipts generated, the Bureau of the Treasury said.

SEC approves P35 billion FLI bond shelf registration

The Securities and Exchange Commission has approved the shelf registration of Filinvest Land Inc. for up to P35 billion in fixed-rate bonds. 

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Oil surge rattles peso, tests policy

The Philippine peso is back under pressure as surging oil prices and geopolitical strains jolt global markets, sharpening the policy dilemma for the Bangko Sentral ng Pilipinas (BSP).

Maharlika Fund eyes Iligan steel revival

The Philippine government is weighing the use of the Maharlika Investment Corporation to jump-start the redevelopment of the long-idle former National Steel Corporation (NSC) site in Iligan City, a 500-hectare property seen as a potential anchor for a new industrial and investment hub.

Manufacturers hold prices amid Middle East tension

Manufacturers of basic goods have pledged to keep prices steady for at least 30 days, cushioning consumers from global volatility fueled by ongoing Middle East tensions.

Gov’t to buy 2 barrels of oil to boost national supply

The Philippine government is set to purchase 2 million barrels of oil to strengthen the country’s fuel buffer stock, Department of Finance Secretary Frederick Go announced Tuesday.

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