International news
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Nearly 18 GW power projects cleared for grid impact study
Power projects totaling over 17.8 gigawatts were endorsed to the National Grid Corp. of the Philippines (NGCP) for system impact studies (SIS) in the first half, according to the Department of Energy.
IMF to Philippines: Broaden tax base, avoid tax amnesties
The International Monetary Fund (IMF) is urging the Philippines to rely more on revenue-raising measures as it trims the budget deficit, warning that tax amnesties could weaken compliance and that fiscal consolidation…
Government borrowings down 72 percent in August
The national government slashed its gross borrowings by 72.2 percent in August from a year earlier, as the absence of a retail Treasury bond (RTB) sale pulled down domestic borrowings, the Bureau of the Treasury said.
DA pushes incremental pork tariff hike
The Department of Agriculture (DA) is proposing a gradual increase on imported pork duties as farmgate prices for local hogs continue to decline.
Bearish trades seen this week
The local stock market is expected to continue moving with a bearish bias this week amid concerns on inflation.
ACEN gets ERC nod for La Union power deal
ACEN Corp. has secured approval from the Energy Regulatory Commission (ERC) to supply La Union Electric Co. Inc. ‘s (Lueco) power requirements for 10 years.
MVP says VITRO REIT IPO may still happen this year
PLDT’s VITRO REIT is keeping its sights set on launching its planned initial public offering (IPO) before the year draws to a close amid concerns it may be pushed back to next year.
Aboitiz shines in Jakarta
With the Philippines’ power market liberalized, much of the responsibility for securing the energy future rests with the private sector.
Businesses turn more optimistic
Businesses turned more optimistic about the months ahead as firms anticipated stronger consumer demand and increased activity during the holiday season, while households were less pessimistic about their prospects.
How Beijing is neutralising Washington’s sanctions machine
Last week, the president of the United States stood at the podium of the United Nations General Assembly and asked aloud whether he should “annihilate the Islamic Republic and do it quickly”. Donald Trump then turned…
