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PH manufacturing growth rises in May

By ANNA LEAH E. GONZALES June 04, 2019 Manufacturing companies in the country saw their operations improve last month as the accelerated growth in new orders encouraged businesses to increase production, an IHS Markit/Nikkei survey found. Results of the survey released on Monday showed that the seasonally adjusted manufacturing Purchasing …

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Telco subscribers gain more ‘freedom’

By LISBET K. ESMAEL June 05, 2019 Subscribers of Globe Telecom and PLDT Inc. recently gained more flexibility in using their mobile phones with the release of government rules mandating telecommunications companies (telcos) to unlock their devices after the lock-in period. Almost six months after the Department of Information and …

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Ease of doing biz in PH backed

By TYRONE JASPER C. PIAD June 05, 2019 The Board of Investment (BoI) and 33 other members of the Investment Promotion Unit Network (IPUNet) are joining hands to enhance the ease of doing business (EoDB) in the country. In a statement on Tuesday, the attached agency of the Department of …

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Palay, corn output down in 1st quarter

By EIREENE JAIREE GOMEZ June 05, 2019 Reflective of the dry spell’s impact on the crop sector, production of palay (unmilled rice) and corn went down in the first quarter of 2019. Data from the Philippine Statistics Authority (PSA) showed palay output dropped by 4.5 percent to 4.42 million metric …

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PSEi retreats to 7,900 on profit-taking

By ANGELICA BALLESTEROS, TMT June 05, 2019 Following a surge from the day prior, share prices fell back to the 7,900 territory on Tuesday as investors cashed in on gains. The benchmark Philippine Stock Exchange index (PSEi) declined by 1.73 percent or 139.51 points to end at 7,945.37 while the …

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GSIS to sell Port Area lots

By MAYVELIN U. CARABALLO, TMT June 05, 2019 STATE-RUN Government Service Insurance System (GSIS) has revived its plan to sell its property in Manila’s Port Area, which has a total zonal value of over P37 billion. “I would like to inform you that we will again pursue our desire to …

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Carnival will pay US$20M over pollution from its cruise ships

The cruise ship Carnival Triumph is towed into Mobile Bay near Dauphin Island, Ala., Thursday, Feb. 14, 2013. (AP / Dave Martin) Curt Anderson, The Associated Press Published Wednesday, June 5, 2019 1:15AM EDT MIAMI — Carnival Corp. reached a settlement Monday with federal prosecutors in which the world’s largest …

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