REUTERS/ROMEO RANOCO By Marissa Mae M. Ramos, Researcher The country's manufacturing product contracted for the eighth straight month in October, the Philippine Statistics Authority (PSA) reported on Friday. Preliminary results of the PSA's Monthly Integrated Survey of Selected Industries (MISSI) showed factory output, as measured by the Volume of Production Index (VoPI), declined by 11.3% year on year in October. ...

BW FILE PHOTO The outstanding debt of the national government (NG) reached P10 trillion as of end-October, as it borrowed more to fund the country's pandemic response. The Bureau of the Treasury (BTr) said on Friday that outstanding debt jumped 7.03% to P10.028 trillion as of end-October from the P9.369 trillion as of end-September. The October debt stock is also ...

The newly unveiled logo for FIBA Basketball World Cup 2023 (FIBA) By Michael Angelo S. Murillo The FIBA Basketball World Cup 2023 started to take form on Friday after the sport's world governing body unveiled the logo for the quadrennial hoops event where the Philippines is one of the hosts. Revealed as part of FIBA's new #DontMissABeat campaign, the World ...

LAND BANK of the Philippines (LANDBANK) disbursed credit worth P230.23 billion to the agriculture sector as of October, already 94% of its P245-billion target for the year. The state lender has also given assistance to 2.5 million farmers and fishers so far, beyond its 2-million goal this 2020, the Department of Finance (DoF) said in a statement on Friday. These ...

Energy Secretary Alfonso G. Cusi THE NUCLEAR Energy Program Inter-agency Committee (NEP-IAC) will be submitting its recommendations to President Rodrigo R. Duterte by Dec. 15. The development comes about five months after Mr. Duterte created the interagency body to conduct a study on the adoption of a National Position on a Nuclear Energy Program (NEP). "We will be submitting by ...

A consortium, which includes Manila Water Company, has been awarded the contract to operate water and wastewater facilities in two provinces in Saudi Arabia. In a disclosure to the Philippine Stock Exchange on Friday, Manila Water said the consortium has signed a seven-year management, operation and maintenance contract for Saudi Arabia's North West cluster with the state-run National Water Company ...

By Jenina P. Ibanez, Reporter More than half of Filipino executives are prioritizing the digital transformation of their business in the next two years, a study from the IBM Institute for Business Value said. The institute conducted a global study on coronavirus disease 2019 (COVID-19) and the future of business from April to August 2020, which found that digital transformation ...

Arkray Industry Inc. plans to increase its workforce as it expands operations in the country. -- Company handout Arkray Industry Inc., a subsidiary of the Japanese firm Arkray Inc., has expanded operations to manufacturing coronavirus disease 2019 (COVID-19) test kits after gaining approval from the Philippine Economic Zone Authority (PEZA) in September. The company plans to increase its 500 employee ...

Power Sector Assets and Liabilities Management Corporation (PSALM) on Friday said it sold real estate assets in Bohol and Cagayan provinces to two power entities through a public bidding. In a statement, PSALM said Sta. Clara Power Corporation (SCPC) was the winning bidder for the Loboc property after making an offer of P12.2 million. The Loboc property consists of four ...

House of Investments, Inc. (HI) has acquired San Lorenzo Ruiz Investment Holdings and Services, Inc. (SLRIHSI) for P1.95 billion. In a disclosure to the stock exchange, the listed holding company of the Yuchengco Group said it has acquired 11 million shares or 100% of the outstanding common stock of SLRIHSI. The property company owns a lot in Makati City. House ...