Category Archives: Business

Where did P20.9B Malampaya funds go?

MANILA — A progressive lawmaker on Thursday demanded from the Department of Energy (DOE) an explanation on Commission on Audit (COA) findings that some P20.9 billion in Malampaya funds have yet to

Agriculture rebounded 6.2% in second quarter

MANILA — Agriculture production rebounded 6.2 percent in the second quarter from a contraction of 2.21 percent a year ago, which likely boosted the gross domestic product during the period. This followed

China to cut off North Korean imports under UN sanctions 

BEIJING  — China announced Monday it will cut off imports of North Korean coal, iron ore and other goods in three weeks under U.N. sanctions imposed over the North’s nuclear and missile

BSP allays fears as peso skids to fresh 11-year low

MANILA –  There is no fundamental reason to panic as the peso continued to weaken against the dollar due to the rising tension between the US and North Korea as well as

Peso not bound to free fall – BSP

MANILA — The peso – though it has already slid to an almost 11-year low level – will not significantly weaken further as it will be supported by solid economic fundamentals, according

IMF cuts PH growth to 6.6% this year

MANILA — The International Monetary Fund (IMF) has lowered its Philippine growth forecast to 6.6 percent from an earlier estimate of 6.8 percent because of a slower-than-anticipated first quarter economic performance. IMF’s