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Economy/Banking

Fuel prices to go up this week

Posted on Monday, 20 May 2019 12:27 PM | No Comments
Motorists are advised to prepare for an increase in prices of petroleum products this week. Local oil industry players on Monday announced that the price of diesel will go up...

CAB: Cebu Pacific won’t be fined over flight cancellations

Posted on Wednesday, 15 May 2019 06:13 PM | No Comments
MANILA, Philippines – The Civil Aeronautics Board (CAB) will not fine Cebu Pacific over its series of flight cancellations from April 28 to May 10, the Department of Transportation (DOTr)...

Reenacted budget slowed down PH economic growth

Posted on Thursday, 9 May 2019 06:40 PM | No Comments
The Philippine’s economic growth has slowed down to 5.6% due to the delay in passing the 2019 national budget according to the National Economic and Development Authority (NEDA). According to...

Malacañang: Higher PH credit rating due to Duterte economic reforms

Posted on Thursday, 2 May 2019 02:14 PM | No Comments
MANILA, Philippines – Malacañang on Thursday (May 2) attributed the country’s higher credit rating to economic reforms implemented under the administration of President Rodrigo Duterte. Global debt watcher Standard &...

MRT-3 rehabilitation project begins

Posted on Wednesday, 1 May 2019 02:05 PM | No Comments
MANILA, Philippines – The Department of Transportation (DOTr) announced on Tuesday that the Metro Rail Transit line 3 (MRT-3) rehabilitation project has officially started on May 1. In a statement,...

19 deals signed during Duterte’s ‘highly successful’ trip to China — Palace

Posted on Monday, 29 April 2019 04:07 PM | No Comments
MANILA, Philippines – The “highly successful” fourth official visit of President Rodrigo Duterte to China has yielded 19 signed business agreements on investments, Malacañang announced on Sunday. Presidential Spokesperson Salvador...

BSP: 3.8% PH inflation rate in Q1 2019 falls within target

Posted on Friday, 26 April 2019 08:27 PM | No Comments
The Bangko Sentral ng Pilipinas (BSP) on Friday reported that the country’s headline inflation finally eased within the two to four percent target range of the government in the first...

China pledges $148-M grant, other economic measures to PH

Posted on Friday, 26 April 2019 04:02 PM | No Comments
China has pledged to provide a grant of one billion yuan or approximately $148 million to help boost the Philippine economy, Malacañang said on Thursday (April 25). Presidential Spokesperson Salvador...

Oil prices likely to go up next week

Posted on Friday, 26 April 2019 03:51 PM | No Comments
Prices of local petroleum products are likely to increase next week to reflect the movement of prices in the world market. Oil industry players estimate the price of diesel will...

PH to explore new cooperation, partnership with China

Posted on Thursday, 25 April 2019 06:18 PM | No Comments
President Rodrigo Duterte said on Thursday (April 25) that the Philippines will seek “new areas of cooperation and partnership” to further strengthen its diplomatic ties with China. Duterte said this...