MANILA, Philippines — The Department of Energy (DOE) expects exploration companies to rethink their plans as oil prices are seen to remain low until the third quarter due to the coronavirus pandemic. In an interview with ANC, Energy Secretary Alfonso Cusi said demand for fuel would remain low as restrictions in travel and commuting continue. […]
Read MoreMANILA, Philippines — Philippine exporters are pushing for the revival of the local textile industry to enable the country to address the demand for personal protective equipment (PPE) and face masks brought about by the coronavirus disease 2019 or COVID-19 outbreak. During an e-forum, Robert Young, trustee for the textiles sector of the Philippine Exporters […]
Read MoreMANILA, Philippines — Philippine exporters are pushing for the revival of the local textile industry to enable the country to address the demand for personal protective equipment (PPE) and face masks brought about by the coronavirus disease 2019 or COVID-19 outbreak. During an e-forum, Robert Young, trustee for the textiles sector of the Philippine Exporters […]
Read MoreMANILA, Philippines — Factory gate prices continued to drop in March as declines were seen in 15 major industry groups, the Philippine Statistics Authority (PSA) said yesterday. The Producer Price Index (PPI) for manufacturing decelerated to 5.4 percent in March, a faster decline compared with 4.8 percent in February and a reversal of a growth […]
Read MoreMANILA, Philippines — Office rental in Metro Manila is seen to plunge by 17 percent this year due to softer demand from all sectors, but is expected to recover by next year, a property services firm said. In its first quarter office report, Colliers International Philippines said office lease rates across Metro Manila is expected […]
Read MoreMANILA, Philippines — State debts rose to a fresh record-high on the first quarter, but it also appeared that the government has a wider leeway to borrow more without getting overburdened by liabilities. In a report posted on its website, the Bureau of the Treasury said national government liabilities hit P8.18 trillion, inching up 0.1% […]
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