AEV more than doubles capex to P77B this year

ABOITIZ Equity Ventures Inc. (AEV) said it is allocating a capital-expenditure (capex) plan of about P77 billion this year, more double what it actually...

Duterte cites Eternal Gardens

PRESIDENT Duterte cited memorial industry leader Eternal Gardens for its role in helping Filipinos prepare for the inevitable and secure their family’s future needs. Duterte...

Oppo eyes record sale of mobile phones in 2018

SMARTPHONE maker Philippine Oppo Mobile Technology Inc. may break its record sale of flagship mobile phones this year, a company official said, noting this...

SREC breaks ground for hybrid-power plant in Palawan

SABANG Renewable Energy Corp. (SREC) broke ground for its hybrid power plant in Palawan. SREC’s hybrid power plant will consist of 1.4 megawatts of solar power with...

DBM adopts stringent measures to ensure sound fiscal discipline

CLARK FREEPORT—The Department of Budget and Management (DBM) has adopted stringent measures to ensure sound fund utilization among national government agencies. Rolando Toledo, DBM Fiscal...

Govt borrowings hit P156.526B in Feb

The national government reported total gross borrowings of P156.526 billion for January to February 2018, with loans from offshore entities outpacing those from local...

Exercise prudence in dealings involving cryptocurrencies—IC

The Insurance Commission (IC) has cautioned the public and all its regulated entities against dealings involving cryptocurrencies on the back of the risks they...

PHL sugar output down 11.3%

Philippine raw-sugar output in the current crop year (CY) has reached 1.584 million metric tons (MMT) as of April 1, 11.3 percent lower than...

DA to scrap ‘corruption prone’ farm subsidies program

The Department of Agriculture (DA) will establish an “accessible” financing scheme for farmers and fishermen instead of giving them subsidies to curtail corruption and...

DAR turns over postharvest facilities to corn farmers

Farmers belonging to five different organizations in the town of Libungan, North Cotabato province have received corn postharvest facilities worth P1.59 million, the Department...

Imports boost PHL frozen-pork inventory in March–report

The country’s frozen-pork inventory as of March 26 expanded by 88.78 percent to 23,852.88 metric tons (MT), from 12,634.95 MT recorded in the same...

Palm oil battling image problem, seeks to tap green-energy demand

Japanese scientists are encouraging Southeast Asia’s palm-oil producers to chop down trees to help save forests. Japan International Research Center for Agricultural Sciences (Jircas) and...

IMF/World Bank Group keen on supporting Manila infrastructure buildup program

The World Bank has bared plans to participate in the country’s infrastructure buildup program, specifically railway projects, the Department of Finance (DOF) said on...

DOF bares bridge-building projects linking Visayas islands to Luzon

The Department of Finance (DOF) said the Duterte administration plans to build eight major bridges costing an estimated P269.19 billion that will connect islands...

Cebu lender links up with student audit group

City Savings Bank (CitySavings) copresented the recently concluded Philippine Financial Summit (PFS) organized by the University of the Philippines–Junior Finance Association (UP-JFA) at the...

Sugar demand to remain flat due to TRAIN

Philippine raw sugar output would post flat growth in marketing year (MY) 2018-2019, as demand for the sweetener would remain unchanged following the implementation...

1,065 farmers from Kalinga, Eastern Samar receive CLOAs

The Department of Agrarian Reform (DAR) announced the distribution of certificate of land ownership awards (CLOAs) to a total of 1,065 farmers in the...

ABS-CBN pumps in P592 million to boost cable, Internet business coverage,...

MULTIMEDIA conglomerate ABS-CBN Corp. is pumping in half a million pesos in additional investment in its cable and Internet businesses to expand the latter’s...

Shell remains keen on LNG project in PHL

SHELL Philippines remains keen on a liquefied natural gas (LNG) investment in the country, even as the company has yet to formally inform the...

ICTSI increasing port capacities, bracing for US-China trade war

RAZON-LED port operator International Container Terminal Services Inc. (ICTSI) said it wants to increase the capacities of its facilities in Mexico and Iraq on expectations...