Kwasi Kwarteng has insisted that the government’s tax-cutting agenda is not radical as he dismissed the reaction on the markets as a “little turbulence”. The chancellor addressed Tory MPs just…

Philippine factory output expanded for eight straight months in September. — REUTERS By Diego Gabriel C. Robles THE PHILIPPINES’ manufacturing sector expanded for an eighth month in a row in…

BW FILE PHOTO THE PESO closed at fresh all-time low of P59 against the US dollar on Monday, amid lingering concerns over inflation. The local unit dropped 37.5 centavos on…

The Philippine economy expanded by 7.4% in the second quarter. — PHILIPPINE STAR/ EDD GUMBAN WHILE the accumulation of new borrowings by the National Government has been on a decline,…

President Ferdinand R. Marcos, Jr. (left) and Transportation Secretary Jaime J. Bautista led the groundbreaking ceremony for the Ortigas and Shaw Boulevard stations of the Metro Manila Subway Project Phase…

THE Energy department has approved the sale of the 45% stake of Shell Philippines Exploration B.V. (SPEx) in the Malampaya deepwater project to a subsidiary of Razon-led Prime Infrastructure Capital,…

GLOBAL Ferronickel Holdings, Inc. has acquired a 20% stake in Guangdong Century Tsingshan Nickel Industry Co., Ltd. (GCTN), it disclosed on Monday. “The acquisition is expected to create reliable and…

THE PLDT group on Monday said it recently received P57.7 billion from the sale of 4,435 telecom towers. “As of Oct. 3, ownership of a total of 4,435 towers or…

CEMEX Holdings Philippines, Inc. said one of its subsidiaries has temporarily suspended terminal operations due to surging operational costs and the entry of Vietnamese cement imports. In a statement on…

GLOBE Telecom, Inc. on Monday said it expects its $150-million domestic submarine cable project, which now covers eight provinces, to be completed by April next year. “The Philippine Domestic Submarine…