PSEi drops further on fresh Trump tariff threats
BW FILE PHOTOPHILIPPINE SHARES retreated for the third straight day on Monday following new tariff threats from US President Donald J. Trump. The Philippine Stock Exchange index (PSEi) sank by 1.91% or 117.87 points to close at 6,037.12, while the broader
Peso weakens on renewed tariff jitters
ANGIE REYES-PEXELSTHE PESO weakened against the dollar on Monday after US President Donald J. Trump said he will introduce new tariffs on all steel and aluminum imports. The local unit closed at P58.095 per dollar on Monday, weakening by 6.5 centavos
DBM: Procurement reform plays role in cutting debt
BW FILE PHOTODEPARTMENT of Budget and Management (DBM) Secretary Amenah F. Pangandaman said that pending revenue measures and procurement reform promise to bring the National Government’s (NG) debt-to-gross domestic product (GDP) ratio to levels deemed suitable for developing countries. “Procurement reforms
Renewables dominate list of ‘significant’ energy projects
A man inspects solar panels in this file photo. — PHILIPPINE STAR/EDD GUMBANRENEWABLE ENERGY projects topped the list of projects classified by the Department of Energy (DoE) as energy projects of national significance (EPNS), granting them expedited permit processing privileges. Between
EV industry lobbies for more policy support
Image via Ivan Radic/CC BY 2.0DOMESTIC manufacturing of electric vehicles (EV) and the electrification of the public transport fleet will require stronger policy support to sustain growth, after EV registrations hit 22,637 units last year, the Electric Vehicle Association of
Maharlika, CP Group to set up $1-billion agri investment fund
CPF-PHIL.COMBy Aubrey Rose A. Inosante, Reporter THE Maharlika Investment Corp. (MIC) and Thailand’s Charoen Pokphand Group Co., Ltd. (CP Group) have agreed to set up a private equity fund to raise up to $1 billion for investment in agriculture and food
Legislator sees mining fiscal regime approval in June after election break
RAWPIXEL.COMBy Kenneth Christiane L. Basilio and Adrian H. Halili, Reporters A SENIOR legislator said he expects Congress to harmonize the House and Senate versions of the proposed mining fiscal regime. “We’ll probably meet after the break. It will take just one day,
Rice inventory up 6.4% in January
PHILSTAR FILE PHOTOTHE national rice inventory rose to 2.16 million metric tons (MMT) in January, up 6.4% year on year, the Philippine Statistics Authority (PSA) said on Monday. Month on month, the rice inventory declined 15.7% from 2.56 MMT in December,
Cambodia cites rice as possible avenue for expanding economic ties with PHL
REUTERSCAMBODIA has proposed that rice form the core of expanded economic ties with the Philippines, alongside tourism. Cambodia Prime Minister Samdech Moha Borvor Thipadei Hun Manet made the proposal at the Philippine-Cambodia Business Forum on Monday. “In today’s rapidly evolving global landscape,
Fisheries output decline seen heralding food security crisis
PHILIPPINE STAR/ MICHAEL VARCASAN OCEAN conservation group said the 5% decline in fisheries output could lead to a food security crisis. Oceana said the “disturbing” decline means production levels have fallen to the “lowest in two decades.” It was citing output data