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Petron averts permanent shutdown of Bataan refinery

The refinery of Petron Corp. will still shutdown temporarily despite being able to shore up its chances of continued operations by securing the registRead More



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Agriculture shrank 1.2% in 2020 New! 2021-01-27 16:26:14The country’s agriculture sector contracted by 1.2 percent in 2020 as production declines across all commodities in the last quarter pulled down

Imports, exports down 18.2% in 2020 New! 2021-01-27 16:22:33Amid a global recession and international border closures at the height of the COVID-19 pandemic, the Philippines’ external trade in goods fell

P140B in T-bills, bonds up for grabs next New! 2021-01-27 16:20:50The Bureau of the Treasury will sell P140 billion in government securities in the domestic debt market next month, including bonds with longer tenors,

PH GDP seen contracting by 9.6% in 2020, New! 2021-01-27 16:18:18The Philippines’ gross domestic product (GDP) likely fell the fastest in Association of Southeast Asian Nations (Asean) last year but its growth

ATN set to resume rock extraction operations in New! 2021-01-27 16:16:22The Department of Environment and Natural Resources (DENR) has restored the mineral processing permit of ATN Holdings, allowing the holding firm to re

Court upholds decision favoring hotel owner in tax New! 2021-01-27 16:14:02Grand Plaza Hotel Corp. (GPH), owner and operator of The Heritage Hotel in Pasay City, has scored another legal victory against the Bureau of Internal

Heavy foreign selling drags PSEi down New! 2021-01-27 16:12:58Fresh lockdown jitters caused a bloodbath in the local stock market on Wednesday, making the Philippine Stock Exchange Index (PSEi) the worst perfor&s

How the ‘House of Gucci’ was torn apart New! 2021-01-27 16:10:20(Third in a series) In the last two weeks, we looked at the rise of Italian fashion house Gucci, which in its prime was acclaimed the best in the worl

PDIC says bank deposits rose during pandemic 2021-01-27 04:04:33MANILA, Philippines—More bank accounts in the Philippine financial system are now protected by deposit insurance – an improvement that mir

Learn emerging Online Selling trends in LazUCon—the biggest 2021-01-27 02:43:29Level up your business as  bring the first-ever LazUCon 2021, happening on February 3 and 4, at the Lazada University Livestream channel.  L

Singapore faces talent crunch as tech giants scale 2021-01-27 02:39:18SINGAPORE — At least three recruiters approach Singapore-based software engineer Xiao Yuguang every day with job offers. Demand for Xiao’s

Saudi Arabia hosts ‘Davos in Desert’ amid pandemic 2021-01-27 02:22:31RIYADH — Saudi Arabia will host a two-day Davos-style investment forum starting Wednesday, with dozens of global policy makers and business tyco

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9 firms bid for Meralco CSP 2021-01-27 11:00:00Only nine generating companies submitted their bids to supply Manila Electric Co. with 1,800 megawatts of power through a competitive selection proces

More changes in the Ayala Group 2021-01-27 11:00:00Some of the world’s oldest companies produce things people cannot live without or have been interested in for centuries – food, beer and w

DOF sees full implementation of fuel marking in 2021-01-27 11:00:00The Department of Finance is expecting revenue agencies to accomplish the full implementation of the fuel marking program within the first quarter to

BSP requires money service businesses to submit reports 2021-01-27 11:00:00The Bangko Sentral ng Pilipinas is now requiring money service businesses, pawnshops, as well as non-stock savings and loan associations to submit the

Typhoon, ASF cause agriculture sector to decline 2021-01-27 11:00:00The Philippine agriculture sector declined by 1.2 percent in 2020 following the consecutive typhoons that hit the country and the still unresolved cas

Sun Life assets under management grows to P127 2021-01-27 11:00:00Assets under the management of Sun Life Asset Management Company Inc. rose to P127 billion by the end of 2020 despite the uncertainties and market vol

TESDA’s blighted vision 2021-01-27 11:00:00One of the major reasons we send our children to school is to give them the wherewithal to be able to fend for themselves and build a future that woul

Filipino’s access to more vaccines 2021-01-27 11:00:00Last Wednesday, I was interviewed on ANC’s Headstart with Karen Davila where I provided an update of our talks with other vaccine manufacturers,

PCC raises penalties for violations of competition law 2021-01-27 11:00:00The Philippine Competition Commission has raised penalties by 10 percent for violations of the competition law.

Local airlines vulnerable to financial risks 2021-01-27 11:00:00Local airlines are deemed vulnerable given the low level of government support and their moderate to high financial risk profiles, according to airlin

The pandemic and the economic cha-cha are not 2021-01-26 11:00:00With the recent move to revive the measure to amend the restrictive provisions of the Constitution, a number of arguments have surfaced to slow it dow

PNOC-EC eyes exploration works in Liguasan Marsh 2021-01-26 11:00:00State-run Philippine National Oil Co.-Exploration Corp. has expressed interest in exploring the Liguasan Marsh.

The Standard

Cavite drops $10-billion airport deal with MacroAsia and 2021-01-27 07:05:00The Cavite provincial government said Wednesday it canceled a joint venture agreement with a consortium led by China Communication Construction Co. an

Thailand says PH safeguard duty on cars a 2021-01-27 07:00:00The Ministry of Industry of Thailand said Wednesday the Philippines’ effort to impose safeguard measures on car imports is illegal as this would

Nine companies offering 1,800-MW supply to Meralco 2021-01-27 06:55:00Nine power companies with combined offers of 5,850 megawatts participated in the competitive selection process for the supply of 1,800 MW to Manila El

Bloomberg faces mounting pressure to explain funding of 2021-01-27 06:50:00Anti-tobacco Bloomberg foundation faces mounting pressure to explain the release of funds to the Philippines Food and Drug Administration which intern

Group: Funding broadband project boon to economy 2021-01-27 06:45:00The National Broadband Plan can be funded by developmental loans to sustain long-term economic recovery, independent think tank Stratbase Albert del R

Stocks extend slump; URC, BDO decline 2021-01-27 06:40:00The stock market extended its slump Wednesday, weighed down by prospects of a prolonged economic recovery after President Duterte rejected the easing

Little change expected as Fed finishes first meeting 2021-01-27 06:35:00Washington---The Federal Reserve will on Wednesday conclude its first meeting since US President Joe Biden took office, and while the central bank is

Saudi Arabia hosts ‘Davos in Desert’ amid pandemic 2021-01-27 06:30:00Riyadh, Saudi Arabia---Saudi Arabia will host a two-day Davos-style investment forum starting Wednesday, with dozens of global policymakers and busine

Volta Trucks set to launch electric lorry 2021-01-27 06:25:00London---Anglo-Swedish startup Volta Trucks will launch its urban electric lorry this year, the group said Wednesday, tapping into keen demand for ele

The end of offices? New York’s business districts 2021-01-27 06:20:00New York---Boarded-up stores, shuttered restaurants, and empty office towers: COVID-19 has turned New York’s famous business districts into ghos

Economy sank 9.6% in 2020, says IMF 2021-01-26 06:45:10The International Monetary Fund said Tuesday it expects the Philippine economy to rebound 6.6 percent this year, after sinking by an estimated 9.6 per

SM Prime prices P10-b fixed-rate bond offering 2021-01-26 06:40:09Property developer SM Prime Holdings Inc. on Tuesday announced the interest rates for its P10-billion fixed-rate peso bond offering approved by the Se

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Facebook beats quarterly revenue estimates; monthly active users New! 2021-01-27 17:23:21The results validate the company's foray into e-commerce with Instagram Shopping and Facebook Marketplace that banked on the trend of social shopping

Tesla profit, vague vehicle delivery forecast disappoint Wall New! 2021-01-27 17:20:55Investors had hoped for a significant increase over the company's 2020 delivery goal of half a million vehicles, but Tesla provided only a vague outl

Biden takes sweeping steps to curb climate change, New! 2021-01-27 17:17:01The orders map out the direction for the Democratic president's climate change and environmental agenda and reverse the policies of his Republican pr

Apple tops Wall Street expectations on record iPhone New! 2021-01-27 17:16:35Apple shipped its iPhone 12 lineup several weeks later than usual, but an expanded number of models and new look appear to have tapped into pent up de

Fed remains in crisis-fighting mode as recovery appears New! 2021-01-27 17:04:18Monetary policy likely on hold for foreseeable future; Fed chief Powell says vaccination program key to economy

LIVE: Yogendra Yadav, Rakesh Tikait, Patkar among 37 New! 2021-01-27 16:09:33Farmers' protest LIVE updates: Protesting farmers have announced a foot march to Parliament on February 1, when the Union Budget is presented

Chinese smartphone brands expanded India market share in New! 2021-01-27 16:05:21India's next biggest phone brands were Vivo, Realme and Oppo - all Chinese - data from Counterpoint showed.

After R-Day violence, farmers call off march to New! 2021-01-27 15:58:06Police book Tikait, many other farmer leaders

India's consumption economy will be third-largest by 2030: New! 2021-01-27 15:52:24The estimated size of the retail commerce economy in India will be more than $1 trillion in the next 3-4 years, said Krishnamurthy

India's real estate market sentiment at three-year high, New! 2021-01-27 15:51:41The current sentiments are in the positive zone boosted by pick up in demand for both residential units and office space

British firm GSK to move malaria vaccine production New! 2021-01-27 15:42:13The agreement includes transfer of manufacturing of the protein part of the malaria vaccine

Aditya Birla Fashion buys 51% stake in luxury New! 2021-01-27 15:38:19Founded by Sabyasachi Mukherjee, the "Sabyasachi" brand is India's largest and most influential luxury designer brand with strong Indian roots and

Trading Economics

Philippines Balance of Trade 2021-01-26 21:53:00Philippines recorded a trade deficit of 2180000 USD Thousand in December of 2020. Balance of Trade in Philippines averaged -438659.34 USD Thousand fro

Philippines Imports 2021-01-26 21:52:00Imports in Philippines decreased to 7521760 USD Thousand in November from 7979030 USD Thousand in October of 2020. Imports in Philippines averaged 216

Philippines Exports 2021-01-26 21:47:00Exports in Philippines decreased to 5791400 USD Thousand in November from 6267670 USD Thousand in October of 2020. Exports in Philippines averaged 173

Philippines Coronavirus Recovered 2021-01-26 21:24:00Philippines recorded 475423 Coronavirus Recovered since the epidemic began, according to the World Health Organization (WHO). In addition, Philippines

Philippines Coronavirus Deaths 2021-01-26 20:48:00Philippines recorded 10292 Coronavirus Deaths since the epidemic began, according to the World Health Organization (WHO). In addition, Philippines rep

Philippines Coronavirus Cases 2021-01-26 20:47:00Philippines recorded 514996 Coronavirus Cases since the epidemic began, according to the World Health Organization (WHO). In addition, Philippines rep

Philippines Government Debt to GDP 2021-01-26 18:00:00Philippines recorded a government debt equivalent to 41.50 percent of the country's Gross Domestic Product in 2019. Government Debt to GDP in Philipp

Philippines Crude Oil Production 2021-01-26 18:00:00Crude Oil Production in Philippines remained unchanged at 23 BBL/D/1K in September from 23 BBL/D/1K in August of 2020. Crude Oil Production in Philipp

Philippines GDP From Utilities 2021-01-26 18:00:00GDP From Utilities in Philippines increased to 143310.65 PHP Million in the second quarter of 2020 from 136407.28 PHP Million in the first quarter of

Philippines Total Gross External Debt 2021-01-26 18:00:00External Debt in Philippines increased to 83617.93 USD Million in 2019 from 78959.57 USD Million in 2018. External Debt in Philippines averaged 50828.

Philippines GDP Deflator 2021-01-26 18:00:00GDP Deflator in Philippines increased to 102.21 points in the third quarter of 2020 from 99.94 points in the second quarter of 2020. GDP Deflator in P

Philippines Banks Balance Sheet 2021-01-26 18:00:00Banks Balance Sheet in Philippines decreased to 3078.50 PHP Billion in August from 3172.30 PHP Billion in July of 2020. Banks Balance Sheet in Philipp


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