MANILA, Philippines — Inflation further picked up in August, hitting a three-month high of 3.1 percent as food and oil prices spiked during the period, the Philippine Statistics Authority (PSA) said yesterday. The faster increase in the consumer price index last month likewise brought average inflation to 3.1 percent in the first eight months of […]
Read MoreMANILA, Philippines – The country’s inflation rate in August likely accelerated to 3.1 percent as prices of food and petroleum products increased during the period, the Department of Finance (DOF) said. In his latest economic bulletin, Finance Undersecretary Gil Beltran said inflation may have risen to 3.1 percent last August, as compared to the 1.8 […]
Read MoreLISTED conglomerate Ayala Corp. announced on Thursday it has completed the acquisition of a significant stake in BF Jade E-Services, Inc., which owns the online fashion retailer Zalora. Ayala Corp. said it has acquired over 269 million shares, equivalent to a 43.28 percent stake in BF Jade, while Ayala Land Inc. (ALI) in a separate […]
Read MoreMANILA, Philippines – The Philippine Economic Zone Authority (PEZA) has decided to pre-qualify the proposed projects involving alleged “notorious Taiwanese fugitive swindler” You-Hao Chen. Director general Charito Plaza said PEZA has granted in late July pre-qualification clearance to First Pangasinan Industrial Corp.’s planned mixed-use economic zone in Pangasinan. First Pangasinan is a 60 percent Filipino […]
Read MoreMANILA, Philippines – Investment pledges approved by the Philippine Economic Zone Authority (PEZA) continued to rise significantly, buoyed by optimism on the current administration and the country’s sound economic fundamentals. PEZA director general Charito Plaza said yesterday projects approved by the agency soared 89.4 percent in the seven months to July to P132.66 billion from […]
Read MoreMANILA, Philippines – Philippine power rates remain one of the highest in Southeast Asia as of end-2016 due to continued lack of government subsidies, latest Department of Energy (DOE) data showed. Based on the Power Development Plan 2017 to 2040 released yesterday, the country’s power rates are among the highest in the region, at par […]
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