Lower electricity demand pulls down First Gen H1 profit to $183M
First Gen Corp. continued to make a profit despite the new coronavirus disease pandemic, but the bottom line fell 22 percent year-on-year to $183 million in the first half of…
35-day T-bill rate slid to new low amid strong demand
MANILA, Philippines — The rate for the 35-day T-bill slid to a new low on Tuesday as investors seeking a safe haven snapped up the shortest tenor of government securities…
T-bills demand strong despite MECQ risks to economy
MANILA, Philippines — Investors snapped up P20 billion in treasury bills at rates that fell across-the-board on Monday as oozing domestic liquidity outweighed any sentiment on the return of Metro…
Holcim ready to meet likely pick up in cement demand
The country’s leading cement-maker, Holcim Philippines, swung to a net loss in the second quarter following the shutdown of its plants in Luzon in line with the coronavirus pandemic-related lockdown…
Strong demand continues pulling down T-bill rates
T-bills rates continued to fall across-the-board on Monday as government securities remain appealing to investors while the economy awaits an injection of fiscal stimulus to fight the COVID-19 pandemic. The…
Weak PH demand helps cap June inflation uptick to 2.5%
MANILA, Philippines — Prices of basic goods and services rose slightly last month – to a level that was within the central bank’s expectations – but any further increases will…
Vietnam says rice exports set to skyrocket, renewable energy in high demand
Vietnamese rice being loaded for export. High demand for food set the stage for Việt Nam to take the lead in global rice this year. Viet Nam News/Asia News Network…
Surge in data demand spares PLDT from worst COVID-19 impacts
Surging demand for online entertainment and e-commerce has shielded telco giant PLDT Inc. from the worst effects of the COVID-19 pandemic. At the company’s annual meeting on Tuesday (June 9),…
S. Korea’s demand for electric bicycles surges amid COVID-19 outbreak
Samchuly Bicycle’s Phantom Q. Samchuly Bicycle via The Korea Herald/Asia News Network SEOUL — South Korean bicycles maker Samchuly Bicycle said Monday its sales of electric bicycles have surged as…
Treasury sells P26-billion in T-bills amid strong demand, low rates
With strong demand and low rates, the Bureau of the Treasury on Monday (June 1) sold P26 billion in T-bills, exceeding the P20-billion offering. The Treasury awarded P7 billion in…