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A farmer checks the dry soil in San Jose, Occidental Mindoro. Agricultural output was affected by the El Niño in the first semester, followed by La Niña in the second half. — PHILIPPINE STAR/EDD GUMBAN By Adrian H. Halili, Reporter THE PHILIPPINES’ agricultural output contracted by a record 2.2% in 2024, as farm production continued […]
By Aubrey Rose A. Inosante and Sheldeen Joy Talavera, Reporters MAHARLIKA Investment Corp. (MIC) is interested in acquiring State Grid Corp. of China’s (SGCC) stake in the sole operator of the Philippines’ power grid. MIC President and Chief Executive Officer Rafael D. Consing, Jr. told a Palace briefing that the sovereign wealth fund would be […]
People shop for gifts in Divisoria market, Manila. — PHILIPPINE STAR /EDD GUMBAN THE PHILIPPINE Statistics Authority (PSA) on Tuesday said it kept the country’s gross domestic product (GDP) growth rate at 5.2% for the third quarter. The PSA said gross national income remained unchanged at 6.8%. Net primary income from the rest of the […]
BW FILE PHOTO RATE CUTS do not necessarily boost credit activity even as monetary policy is seen to influence bank lending, a study by researchers from the Bangko Sentral ng Pilipinas (BSP) showed. “Central banks can ‘pull’ back economic activity by raising interest rates, but they cannot ‘push’ it forward simply by lowering rates,” BSP […]
SANMIGUEL.COM.PH THE SUBSIDIARIES of Manila Electric Co. (Meralco), Aboitiz Power Corp. (AboitizPower), and San Miguel Corp. (SMC) have finalized their $3.3-billion deal to build an integrated liquefied natural gas (LNG) facility in Batangas. In separate announcements, the energy giants said that Meralco PowerGen Corp. (MGen), Therma NatGas Power, Inc. (TNGP), and San Miguel Global Power […]
URC.COM.PH THE SECURITIES and Exchange Commission (SEC) is tracking 16 potential companies that may go public, according to its chairman. “As for public listing, we currently have 16 leads, which we are still monitoring together with the Philippine Stock Exchange (PSE),” SEC Chairperson Emilio B. Aquino said during his keynote message at the last leg […]
PHILIPPINE STAR/BOY SANTOS THE SENATE on Tuesday approved on second reading a bill that seeks to extend Manila Electric Co.’s (Meralco) franchise for another 25 years. Under House Bill No. 10926, Meralco will be allowed to continue to construct, operate, and maintain its electric distribution systems in areas such as Metro Manila, Bulacan, Cavite, Laguna, […]
1 of 3 IT WAS a revelation of cultural and historical significance that no one at the Vienna City Library had been aware of for over a century. Jose Rizal’s letter in 1887 to Johannes Nordmann, an Austrian writer introduced to him by his friend Ferdinand Blumentritt, had never been read by anyone else, until […]
An airplane is seen landing at the Ninoy Aquino International Airport, March 7, 2024. — PHILIPPINE STAR/RUSSELL PALMA By Ashley Erika O. Jose, Reporter THE LISTING of over 15 billion shares by flag carrier Philippine Airlines (PAL), operated by PAL Holdings, Inc., on the stock exchange may spur investor interest as it is expected to […]