By Keren Concepcion G. Valmonte PHILIPPINE stocks inched up on Wednesday as investors hunted for bargains and fears about a fresh surge in coronavirus infections eased. The benchmark Philippine Stock Exchange index (PSEi) went up by 50.66 points or 0.78% to close at 6,497.01. The broader all-share index increased by 21.61 points or 0.55% to 3,934.93. "The PSEi continued higher ...

BW FILE PHOTO THE PESO depreciated against the dollar on Wednesday as market players remained cautious amid a fresh surge in coronavirus infections and before the central bank's policy meeting. It closed at P48.665 a dollar, weaker than its P48.631 close on Tuesday, according to data posted on the Bankers Association of the Philippines website. The peso started trading at ...

EMMANUEL D. PACQUIAO -- HENZBERG AUSTRIA/SENATE PRIB SENATOR Emmanuel D. Pacquiao filed a bill Wednesday calling for a further P335 billion in stimulus spending to aid in the recovery from the economic downturn. The legislation was assigned the number Senate Bill (SB) No. 2123, which will become the Expanded Stimulus Package Act of 2021 if passed. SB 2123 represents the ...

PHILSTAR THE Transportation department has started soliciting bids for the building and civil engineering works contract package of the South Commuter Railway, covering about 7.9 kilometers of at-grade and viaduct railway track structures, including an elevated station at Buendia and at-grade stations at EDSA and the Senate. The deadline for submission of bids is June 22, the department said in ...

A LEGISLATOR called on the Philippine Competition Commission (PCC) on Wednesday to investigate possible market manipulation in pork imports, resulting in high prices. In a briefing Wednesday, Marikina City Representative Stella Luz A. Quimbo said rising pork prices may not be solely due to supply disruptions as a result of African Swine Fever but also due to deliberate attempts to ...

THE DEPARTMENT of Energy (DoE) said it has ordered its oil and electric power bureaus to ensure the unimpeded delivery of power during the reimposition of stricter forms of quarantine on parts of the country. Energy Secretary Alfonso G. Cusi issued the order through a memorandum dated March 23 to the Oil Industry Management Bureau and Electric Power Industry Management ...

REUTERS GROWTH in the wholesale price of construction materials in Metro Manila hit a 16-month high in February to 2% year on year, according to the Philippine Statistics Authority. Wholesale construction materials prices in the National Capital Region (NCR), as reflected in the construction materials wholesale price index (CMWPI), rose 2% year on year in February, accelerating from 1.2% in ...

AN ENERGY regulator said distribution utilities need to tap more power from renewable sources if the Philippines is to meet the projected goal of a 55.8% share of renewable energy (RE) in the power mix by 2040. They said the 1% renewable quota set for the renewable portfolio standards (RPS) program must be increased to at least 2.52%, a National ...

AGRICULTURAL trade fell 6.8% year on year to $4.66 billion in the fourth quarter, reflecting a decline in both exports and imports, the Philippine Statistics Authority (PSA) said. The PSA said agricultural exports fell 10.4% to $1.47 billion in the three months to December. The category accounted for an 8.2% share of the country's exports during the quarter. Edible fruits ...

BW FILE PHOTO THE Department of Energy (DoE) told registered renewable energy (RE) developers that it will extend the deadline to apply for safety officer permits (SOP) to the end of March. In a statement, the DoE said the SOP deadline has been revised following the full migration of SOP permit applications to the online Energy Virtual One-Stop Shop (EVOSS) ...

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