REUTERSTHE GOVERNMENT said it will welcome South Korean companies engaged in electronics manufacturing services and semiconductor manufacturing services, electric vehicles (EV), high-tech agriculture, and clean energy industries seeking to invest in the Philippines.In a social media post, the Philippine Economic Zone Authority (PEZA) said that
AG&P COMPANYTHE Department of Energy (DoE) has raised concerns over the delays in bringing Manila Electric Co.’s (Meralco) 1,200-megawatt (MW) Batangas gas-fired power plant to its full capacity.In a virtual briefing on Monday, Energy Assistant Secretary Mario C. Marasigan said not all units of the
THE Energy Regulatory Commission (ERC) said it approved 19 ancillary service procurement agreements (ASPAs) entered into by the National Grid Corp. of the Philippines (NGCP) with prospective suppliers.In a notice, the ERC said the commission authorized the ASPA applications involving suppliers like Aboitiz group companies
BW FILE PHOTOTHE Bangko Sentral ng Pilipinas (BSP) could cut rates further this year if the Trump administration goes ahead with the 17% tariff initially announced on Philippine imports, BMI Country Risk & Industry Research said.“If anything, the case for more easing has strengthened. If
PCO.GOV.PHPRODUCERS have been urged to raise the quality and competitiveness of their products after US President Donald J. Trump announced a 90-day pause before his reciprocal tariffs take effect, a Palace spokesperson said.“This presents a better opportunity for our local businesses to improve their products
A farmer dries rice grains in Baliuag, Bulacan, Oct. 9, 2023. — PHILIPPINE STAR/KRIZ JOHN ROSALESTHE FARMGATE PRICE of palay (unmilled rice) fell 24.4% year on year in March to an average of P18.57 per kilogram, the Philippine Statistics Authority (PSA) reported.Month on month, the
British Chamber urges PHL to join CPTPP amid Trump tariffs - BusinessWorld Online THE PHILIPPINES needs to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership
NCR construction materials retail price growth inches up in March - BusinessWorld Online BW FILE PHOTORETAIL price growth of construction materials in the National Capital Region
A MEAT VENDOR at the Marikina Public Market. — PHILIPPINE STAR/ WALTER BOLLOZOSTHE Department of Agriculture (DA) said the maximum suggested retail price (MSRP) for pork continues to see uneven compliance, a situation which it called “alarming” in light of the large gap between retail
On Jan. 27, the Senate passed on third reading the Capital Market Efficiency Promotion Act (CMEPA), sending the bill along the path to eventual signing. Senate Bill No. 2865 was filed by senators Sherwin Gatchalian and Joel Villanueva to encourage more capital-market investment. “CMEPA will
ANGIE REYES-PEXELSTHE PESO weakened against the dollar on Monday amid continued market jitters over the escalating global trade war and the possibility of a recession.The local unit closed at P57.08 per dollar on Monday, dropping by 11 centavos from its P56.97 finish on Friday, Bankers
BW FILE PHOTOPHILIPPINE STOCKS went up on Monday as US President Donald J. Trump exempted some technology products from import tariffs.The Philippine Stock Exchange index (PSEi) climbed by 1.03% or 63.08 points to close at 6,145.52, while the broader all shares index rose by 0.16%