DTI Foreign Trade Service Corps (FTSC) Executive Director Benedict Uy underscored this during a pre–ASEAN Business Environment Forum (ABEF) briefing in Taguig City.... Read full article
The local bourse’s main index fell 4.97 percent to 6,006.22 points, while the broader All Shares index declined 4.24 percent to 3,346.75.... Read full article
Malacañang earlier said President Ferdinand R. Marcos Jr. will formally ask Congress to grant him emergency powers to reduce excise tax on petroleum products amid the crisis in the Middle East.... Read full article
This was stressed by the Energy Regulatory Commission (ERC) on Friday, following a meeting with members of the Independent Electricity Market Operator of the Philippines (IEMOP) on Wednesday.... Read full article
Lifestyle-related products are expected to drive the fast-moving consumer goods (FMCG) industry in the country this year, which is projected to grow between 3 percent and 4 percent amid the slower domestic economic growth.... Read full article
“This week’s oil price movement is primarily due to the market’s reaction to developments between the US and Iran by pricing in the additional risk of supply disruption in the event of conflict,” he said.... Read full article
The peso closed at 57.98 to a dollar, up from 58.02 on Friday. It opened at 57.95 from 58.1 previously, climbed to an intraday high of 57.91, and touched 58.02, averaging 57.95. Volume fell to USD896.5 million from USD1.34 billion last week.... Read full article
In separate advisories, Seaoil and Petron said they would raise gasoline prices by PHP1.20/liter, diesel by PHP0.60/liter, and kerosene by PHP0.60/liter effective 6 a.m..... Read full article
The Philippines aims to include nuclear power in its energy mix while increasing renewable energy’s share of total capacity to 35 percent by 2030 and 50 percent by 2040.... Read full article
The local currency ended the session at 58.45, improving from 58.58 on Friday. It opened stronger at 58.50 from 58.75, trading between 58.38 and 58.55 and averaging 58.44.... Read full article
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