International news
News from wire services and other publishers.
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Tubig Pilipinas eyes P1.8 billion from follow-on share offer
Listed water infrastructure and utility company Tubig Pilipinas Holdings Inc. is planning a fundraising initiative next year to finance its projects.
Digital sovereignty
It is hardly surprising that the DICT is struggling to get foreign-based social media platforms to comply with local regulations. Perhaps, this should be a prime topic in the ASEAN summit this month to produce a…
Meat importers oppose pork tariff hike
Meat importers have warned that pork prices could rise if the government imposes higher tariff on pork meat.
GSIS solar loans now available to pensioners
The Government Service Insurance System opens its solar energy loan to qualified pensioners, allowing them to borrow up to P500,000 for the purchase and installation of solar energy systems.
Philippines carbon emissions keep rising – CCC
Even as Filipino businesses become more operationally efficient, the country’s carbon emissions continue to rise, according to the Climate Change Commission.
Pryce exits pharma, focuses on gas business
Pryce Corp. is exiting the pharmaceutical business to sharpen its focus on core operations, including the importation and distribution of liquefied petroleum gas.
PAL to resume Saipan flights
Flag carrier Philippine Airlines is betting against rising airfares, as it is set to restore direct flights to Saipan, pinning its hopes that holiday travel would remain strong.
Factory activity contracts in September
Manufacturing activity in September slipped to negative territory for the first time in five months due to weak demand and increased competition from foreign rivals, according to S&P Global.
Market falters anew, extends losing streak
The local stock market continued its struggles, declining for a fourth straight session with no positive catalyst to help buck the downtrend.
GCash IPO price set at P6.6/share
E-wallet giant GCash has priced its initial public offering at P6.6 per share, settling for a rate lower than initial expectations but would still set up the country’s largest market debut.