International news
News from wire services and other publishers.
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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.
Bank lending growth reaches 3-month high
Bank lending growth accelerated to a three-month high in August as businesses continued to tap credit, offsetting a further slowdown in household borrowing.
PH eyes tighter regulations on artificial sweeteners amid sugar industry manifesto
The Philippines is mulling whether to impose tighter regulations on artificial sweeteners following calls from the sugar industry to protect locally produced sugar, the DA said.
Consumer advocates call on gov't to weigh in on new vape tax
Consumer advocates are calling on the government to reconsider imposing higher excise taxes on vape products.
GCash to undergo system maintenance on Oct. 1-2
Bank transfers, cash-ins via InstaPay and payments via QRPH will be unavailable starting late Thursday night.
PhilHealth, HMOs, insurers team up to complement coverage for shared members
Filipinos with private insurance could see more of their medical costs covered as the Philippine Health Insurance Corp. (PhilHealth), major health maintenance organizations (HMOs), and private insurers have inked a…
PSEi sinks to 5,629 as crude nears $100 per barrel
Philippine share prices continued their decline on Thursday falling further within the 5,600 level as investors opted out of the local stock market amid rising global fuel prices.
