13th Fuel Economy Run ongoing in Clark

MANILA -- The Department of Energy's (DOE) Fuel Economy Run 2017 takes place in Clark, Pampanga on November 20-21.In cooperation with Petron Corporation, the annual event under the DOE's E-Power Mo campaign is part of the department's mandate of informing the public on the fuel efficiency of... Read More

Megaworld eyes P9-B from sale of commercial lots in Cavite

MANILA -- Property developer Megaworld Corp. expects to generate PHP9 billion from the sale of lots in a new business district within its township project in General Trias, Cavite.Megaworld is building the 35-hectare ‘Maple Grove Commercial District, which offers 363 prime lots for companies... Read More

APEC urged to boost capacity building for FTA/RTA negotiations

MANILA -- Member economies of the Asia-Pacific Economic Cooperation (APEC), including the Philippines, need to ensure the continuous strengthening of capacity building on negotiations for regional trade agreements (RTA) and free trade agreements (FTA).In a policy note, Philippine Institute for... Read More

Peso, share prices start week with gains

MANILA - - Both the Philippine peso and the Philippine Stock Exchange index (PSEi) displayed a stiff stance on Monday.The local currency finished the week’s first trading day up by 16 centavos to 50.79 against the US dollar from 50.95 close Friday last week.This improvement did not show when... Read More

Repo market launch set on Nov. 27

MANILA -- The Securities and Exchange Commission (SEC) has approved the self-regulatory organization (SRO) for the planned repo market, eyed for implementation in the next 18 months.BangkoSentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. told reporters Monday that monetary officials... Read More

DOTr reviews joint consortium’s dev’t proposal for Clark Airport

MANILA -- The Department of Transportation (DOTr) and the Bases Conversion and Development Authority (BCDA) will review the unsolicited proposal submitted by Filinvest Development Corporation and JG Summit Holdings for the development of the Clark International Airport.This as both agencies are set... Read More

Oil firms roll back prices Tuesday after 5 consecutive hikes

MANILA -- Due to price movements in the international petroleum market, consumers can expect a decrease in fuel pump prices on Tuesday.Beginning at midnight of November 21, SEAOIL and Flying V will implement a PHP0.50 price drop per liter of gasoline, PHP0.15 cut per liter of diesel, and PHP0.35... Read More

Investors swamp 5-year RTB auction

MANILA -- Banks on Monday swamped the Bureau of the Treasury’s (BTr) rate-setting auction for five-year Retail Treasury Bond (RTB) where PHP130-billion worth of debt paper was issued, higher than the PHP30 billion initial offering. Coupon rate of RTB stood at 4.625 percent, lower than the... Read More

Unisys poll: Well-planned cloud migration gets firms eyed savings

BLUE BELL, Pa, USA/Medianet International-AsiaNet/ --Organizations that conducted a thorough return on investment (ROI) analysis before embarking on their cloud migrations were 44-percent more successful in realizing their cost-savings expectations than those that did not, according to a new Unisys... Read More

ASEAN, China, Japan, S. Korea call for open trade system

MANILA -- Japan, China, South Korea and member states of the Association of Southeast Asian Nations (ASEAN) have emphasized the need to pursue an open trading system for the region to allow sustainable growth of trade and investments.In a joint statement released on Monday, the ASEAN and the Plus... Read More

Taiwanese firm offers 'cyanide-free' technology for ore extraction

MANILA -- Taiwanese firm Xin Ye Industry, Ltd. is offering mining companies operating in the Philippines with a "green" technology as it is set to build a second of its about PHP20 million ore stripping facility in the country.A subsidiary of Taiwan Xinye Precious Metal Technology Co., Ltd., the... Read More

ASEAN seen to continue attracting FDIs -- UNCTAD

MANILA -- The 10-member state Association of Southeast Asian Nations (ASEAN) is seen to continue attracting foreign direct investments (FDIs), according to the ASEAN Investment Report (AIR) 2017 of the United Nations Conference on Trade and Development (UNCTAD).The UNCTAD reported that despite the... Read More

NegOcc to develop own hog feeds to save on production cost

BACOLOD CITY -- The Provincial Veterinary Office (PVO) here is working with hog raisers in Negros Occidental to develop a local feed formulation to save on production cost.PVO head Dr. Renante Decena on Monday said up to 80 percent of the raisers’ expenses goes to feeds thus, they should be... Read More

Inclusive digital economy for PH urged

MANILA -- The Philippines needs to improve adoption of digital and financial services to reap the benefits of digital economy and make it inclusive.Philippine Institute for Development Studies (PIDS) President Gilberto Llanto said governments are using digital infrastructure to improve the delivery... Read More

IMF exec cites measures vs possible overheating of PH economy

MANILA -- An increase in the Bangko Sentral ng Pilipinas’ (BSP) key rates is needed if, indeed, signs of overheating in the domestic economy is present.This was pointed out by IMF Resident Representative to the Philippines Yongzheng Yang, who raised the possibility of overheating if the... Read More

Analysts see higher year end economic growth

MANILA -- The higher-than-expected 6.9 percent output of the Philippine economy in the third quarter of 2017, which is still among the highest in Asia, made some analysts consider an increase, while some even hiked, their full year growth projection.Market consensus is 6.6 percent while average... Read More

MWSS cites Manila water’s sustainability programs, CSR projects

MANILA -- The Metropolitan Waterworks and Sewerage System (MWSS) has acknowledged Manila Water’s sustainability programs that made an impact on water provision, water education and environmental protection.“We believe that the overall efforts of Manila Water, our reliable partner over... Read More

MRC, China partner to explore liquefied natural gas projects

MANILA -- A memorandum of understanding (MOU) between publicly-listed firm MRC Allied Inc. and Beijing-based China Energy Engineering Corporation Limited (CEEC) has been signed, confirming both parties’ interest in exploring and developing liquefied natural gas (LNG) projects in the... Read More

China, ASEAN, UNDP jointly launch financing blueprint

JAKARTA, -- China, ASEAN and the United Nations Development Program (UNDP) jointly launched a collaborative report on 2030 Sustainable Development Goals (SDGs) financing in ASEAN on Friday, outlining ways to finance projects to deliver the UN's SDGs program in the region.Entitled "ASEAN-China-UNDP... Read More

8990 Holdings starts P5-B preferred shares offering

MANILA -- Listed mass-housing developer 8990 Holdings Inc. on Friday rolled out PHP5-billion preferred shares in line with its bid to generate fresh funds for expansion.The preferred share issuance is cumulative, non-voting, non-participating, non-convertible, redeemable peso-denominated with an... Read More