Japan and other members of the Trans-Pacific Partnership agreed on Sunday to pursue their trade deal without the United States, as the Trump administration's “America First” policy created tension at a meeting of Asia-Pacific countries.
Tapping oil and gas reserves in the Reed Bank - a resource-rich area within the Philippines' exclusive economic zone - could be a key growth driver as the country looks to expand both public and private investments in the next five years, according to businessman Manuel V. Pangilinan.
The House of Representatives is set to start plenary deliberations on the first package of the Duterte administration’s Comprehensive Tax Reform Program (CTRP) that has been co-authored so far by 102 legislators representing various congressional districts and partylist sectors.
A few days after approving Manila Electric Co.’s P6.9-bllion refund for June, the Energy Regulatory Commission has issued another decision, this time approving the National Transmission Corp.’s 2016 petition for a 6-centavo increase in the feed-in tariff allowance.
FWD Group announced Wednesday it has completed its acquisition of AIG Fuji Life Insurance Company, Ltd. (AFLI) from American International Group, Inc. on April 30, 2017. Terms of the deal have not been disclosed.
Meralco has laid down the mechanics for refunding P6.9 billion to its customers starting this June.
This, after the company received the formal order from the Energy Regulatory Commission (ERC) to return to customers an average 75 centavos per kilowatthour every month until August.
Personal remittances from Overseas Filipinos (OFs) grew by 11.8 percent year-on-year, reaching a new record high of US$2.9 billion in March 2017. This brought the total remittances for the first quarter of 2017 to US$7.7 billion, higher by 8.1 percent than the level posted in the same period a year ago, Bangko Sentral ng Pilipinas Governor Amando M. Tetangco, Jr. said.
Asian governments and businesses reported some disruptions from the WannaCry ransomware worm on Monday but cybersecurity experts warned of a wider impact as more employees turned on their computers and checked e-mails.
Plant operations at the Yokohama Tire Philippines Inc., the biggest tire manufacturing firm in Southeast Asia, has been suspended temporarily to give way for the clearing of debris brought about by a fire that broke Sunday afternoon.
PLDT reported a 20 percent year-on-year drop in first quarter earnings, from P6.22 billion in the first quarter of 2016 to P4.95 billion this year, as lower wireless revenues weighed on its Q1 results. Still, officials said better days were ahead as the decline in revenues had moderated to just 1 percent from the fourth quarter of last year.