BW FILE PHOTO THE PESO slipped against the dollar on Tuesday as the US Federal Reserve was set to begin its two-day policy meeting overnight. The local unit closed at P58.425 per dollar on Tuesday, weakening by a centavo from its P58.435 finish on Monday, Bankers Association of the Philippines data showed. The peso opened […]
BW FILE PHOTO THE Philippine Stock Exchange index (PSEi) closed at its lowest level since November 2023 on Tuesday as investors preferred to stay on the sidelines before the US Federal Reserve’s policy decision and the release of Philippine gross domestic product (GDP) data. The PSEi slumped by 0.70% or 43.41 points to end at […]
Workers are seen mixing cement at a construction site in Quezon City, May 19, 2020. — PHILIPPINE STAR/ MICHAEL VARCAS By Beatriz Marie D. Cruz, Reporter SOME public works projects are expected to experience minor delays due to the spending ban leading up to the midterm elections in May, government contractors said. “The progress of […]
PHILSTAR FILE PHOTO A COURT challenge to the 2025 budget has been filed, with the Supreme Court (SC) asked to rule on the spending plan’s legality by the Marcos administration’s first Executive Secretary. Former Secretary Victor D. Rodriguez, who is running for the Senate, filed the petition on Monday, alleging before the tribunal that the […]
By Justine Irish D. Tabile, Reporter NESTLÉ Philippines, Inc. said it set aside P6 billion to expand factory capacity and improve their efficiency. At a media event on Tuesday, Nestlé Philippines Chief Executive Officer Kais Marzouki said that the investment plans are part of the P18.1 billion earmarked for the Philippines for the 2019-2027 period. […]
PHILIPPINE STAR/ MIGUEL DE GUZMAN BUREAU of Internal Revenue (BIR) Commissioner Romeo D. Lumagui, Jr. on Tuesday gave a preliminary estimate for Philippine tobacco revenue at $7.3 billion in 2024. “The Philippines, as one of Asia’s developing economies, is home to an active tobacco industry, whose revenues are projected to reach $7.3 billion in 2024,” […]
PHILSTAR FILE PHOTO THE Bases Conversion and Development Authority (BCDA) said it signed three new long-term residential lease deals for units at Camp John Hay. In a statement on Tuesday, the BCDA said the new 25-year lease agreements were entered into with private individuals. The leases involve a 427-square-meter (sq.m.) Country Estate unit, a 449-sq.m. […]
JOBSEEKERS gathered at the Mega Job Fair in a mall on Jan. 18, 2024. — PHILIPPINE STAR/EDD GUMBAN THE Employers Confederation of the Philippines (ECoP) said that it will revive its Job Opportunities Building Skills (J.O.B.S.) program this year with the goal of including the informal sector. “That is something that we will pursue this […]
PHILSTAR FILE PHOTO THE Board of Investments (BoI) said on Tuesday that a Japanese company is considering setting up a quick-stop car repair service in Pampanga by July. The BoI said it met with Japan’s Anest Iwata A.I.R. Corp. to discuss a planned venture in the Philippines. “A key focus of the meeting was the […]
PHILSTAR FILE PHOTO PHILIPPINE soldiers will train on the US military’s intermediate range missile system during unilateral army drills next month as part of preparations for bigger exercises with US counterparts, a military official said on Tuesday. A platoon of about 20 Filipino soldiers from the army artillery regiment will train with the US Army […]