First Gen signs joint cooperation agreement with Tokyo Gas to develop Batangas LNG terminal
October 7, 2020
First Gen signed a joint cooperation agreement with Tokyo Gas Co. Ltd Wednesday for the development of the Batangas interim offshore liquified natural gas terminal, the company told the Philippine Stock Exchange (PSE). ”This represents the next phase of their
PSE index declines; peso at P48.39:$1
October 7, 2020
The Philippine Stock Exchange index (PSEi) ended 42.76 points lower to 5.867.88 on Wednesday. In the broader market there were 101 gainers, 92 losers and 48 unchanged. Volume reached 1.81 billion shares worth P7.11 billion. Most active shares were led
Philippines still in good financial position but need to further open economy – Dominguez
October 6, 2020
The Philippines remains in a good financial position despite the health crisis but there is a need to further open up the economy, said Finance Secretary Carlos Dominguez III. The Department of Finance chief said the government has able to
ABS-CBN ink blocktime deal with Zoe Broadcasting
October 6, 2020
Zoe Broadcasting Network, founded by Bro. Eddie Villanueva on Tuesday announced it entered a block time agreement with ABS-CBN Corp. Zoe said it will be rebranded as “A2Z Channel 11” starting Saturday, October 11 The rebranded VHF channel will carry
PAL implementing new retrenchment program set within fourth quarter
October 6, 2020
Philippine Airlines (PAL) announced Monday night it is implementing a new round of manpower reduction as travel restrictions due to the global COVID-19 pandemic severely affected its operations. The Lucio Tan-led airline said it begun to call on employees to
Philippine inflation slows down to 2.3% in September
October 6, 2020
Philippine inflation slowed down to 2.3 percent in September from 2.4 percent in August, the Philippine Statistics Authority (PSA) said Tuesday. This was the second straight month of decline in the consumer price index. The PSA said the lower inflation
PSE index loses ground
October 5, 2020
The Philippine Stock Exchange index (PSEi) lost ground on Monday after nearly reaching the 6,000-point mark last Friday, The index closed at 5,938.85, down 60.45 points. In the broader market, there were 105 losers, 74 gainers and 42 unchanged. Volume
Diokno reminds no “double interests” for loans with delayed payments under Bayanihan 2
October 4, 2020
The Bangko Sentral ng Pilipinas (BSP) on Sunday reminded the lending agencies that there should be no “double interests” under Bayanihan to Recover As One Act’s one-time 60-day grace period in loan payments. In a radio interview, BSP Governor Benjamin
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