Business News
Business News
SteelAsia invests P30B in heavy steel production
SteelAsia Manufacturing Corp. is investing P30 billion to produce new steel products in Candelaria, Quezon, its chairman and chief executive officer Benjamin Yao said yesterday.
SteelAsia’s latest project, which Yao...
Business News
PSEi ends firmer after overnight uptick on Wall St
The main PSEi closed marginally higher in mixed trading Wednesday, cued by the overnight uptick on Wall Street.
It was a “quiet” climb as investors...
Business News
NFA seeks P9B more funds to meet rice buffer mandate
The National Food Authority (NFA) needs P9 billion in additional funds to be able to comply with the increase in the national rice buffer stock mandated by the amended Rice Tariffication...
Business News
Weather-related agri damage now at P307.7M vs previous estimate P67.7M
Damage sustained by the agriculture sector from weather disturbances has reached P307.72 million as of Jan. 22, a 354.7 percent surge from P67.68 million...
Business News
PH Dec payments swing to $1.5B deficit; 2024 at $609M surplus
The Philippines’ balance of payments (BOP) swung to a $1.5 billion deficit in December 2024 from a $642 million surplus in 2023, the Bangko...
