Infra, defense budgets cut for COVID-19
The Department of Budget and Management (DBM) last month made additional cuts in this year’s budgets for infrastructure and national defense as it reallocated more funds for the government’s new…
Neda Board OKs Customs modernization
The National Economic and Development Authority (Neda) Board chaired by the President has given its go-ahead to modernize and automate processes at the Bureau of Customs (BOC). Socioeconomic Planning Undersecretary…
Electricity transmission cost continues to slide
Electricity transmission charges are down to 4 centavos for every peso spent on electricity as of the May billing period, suggesting a continuing downtrend since National Grid Corporation of the…
Another PSEi rally in the offing, yet road is dark and foreboding
Local stocks could take their cue from upbeat Wall Street sentiment this week, giving a window of opportunity for investors to lock up recent gains. Last week, the main-share Philippine…
4 big cement manufacturers resume production
Four of the country’s biggest cement manufacturers have rekindled production and distribution, all ready to serve the country’s construction needs now that the country has started reopening the economy after…
2020 corporate earnings seen falling by 17%
As the Philippine economy reels from one of the harshest lockdown protocols in the region, stock brokerage house Maybank ATR Kim Eng Philippines sees selective picking among consumer staple stocks…