Louella Desiderio – The Philippine Star October 5, 2022 | 12:00am MANILA, Philippines — Economists following developments in the Philippines have trimmed their growth forecast for this year and next year over concerns on the weak peso and high inflatio…
Aleco to take over Albay power distribution
Richmond Mercurio – The Philippine Star October 5, 2022 | 12:00am MANILA, Philippines — Power distribution in the province of Albay is set to be managed again by the Albay Electric Cooperative Inc. (Aleco) by the first quarter of next year, according t…
Cemex subsidiary suspends Davao operations
Catherine Talavera – The Philippine Star October 5, 2022 | 12:00am MANILA, Philippines — A subsidiary of Cemex Holdings Philippines Inc. is temporarily suspending operations of its Davao terminal due to increasing costs and lower volumes amid the influ…
SMEs optimistic about e-commerce growth
Catherine Talavera – The Philippine Star October 5, 2022 | 12:00am MANILA, Philippines — Small and medium enterprises (SMEs) in the Philippines are among the most optimistic about the growth of e-commerce use in their businesses in the next three years…
Treasury partially awards P22.85 billion in T-bonds
Louise Maureen Simeon – The Philippine Star October 5, 2022 | 12:00am MANILA, Philippines — The government only made a partial award of Treasury bonds (T-bonds) as yields remain high with the September inflation expected to further increase. The Bureau…
Higher electricity rates
EYES WIDE OPEN – Iris Gonzales – The Philippine Star October 5, 2022 | 12:00am Expect electricity rates to go up in addition to already high gasoline prices, transport fare, and grocery items – from vegetables to toilet paper to wheat. This is what’s g…
Tourism promotion
At least four of the world’s most beautiful islands are right here in the Philippines. Yet, we have always attracted the least number of visitors among the ASEAN 6. Just one island in Indonesia, Bali, attracted over six million tourists in 2019 before …
The Ukraine War and the global economy: At a tipping point?
One of the big uncertainties of the global economy – and the Philippine economy – is the Ukraine War. The war has already helped to escalate the tightness of food and energy prices, further aiding inflationary forces in the world economy. The economic …
DM Consunji to build 1st subway project
Iris Gonzales – The Philippine Star October 5, 2022 | 12:00am MANILA, Philippines — Consunji-owned contractor D.M. Consunji Inc. (DMCI) is set to build its first subway project, together with Japan’s Nishimatsu Construction Co. Ltd. (NCC). The joint ve…
SWS releases final satisfaction ratings of Robredo, Sotto
Janvic Mateo – The Philippine Star October 5, 2022 | 12:00am MANILA, Philippines — Former vice president Leni Robredo ended her six-year term with a “neutral” satisfaction rating, while Vicente Sotto III capped his Senate presidency with a majority of …