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More areas eyed for small-scale mining

By EIREENE JAIREE GOMEZ September 17, 2019 THE Department of Environment and Natural Resources (DENR) said it was seeking to declare six additional “Minahang Bayan” for use by small-scale miners in order to have them legalized and regulated. “We have moved forward and progressed. There are already 29 Minahang Bayan …

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PSEi flat on Saudi drone attack

By TYRONE JASPER C. PIAD September 17, 2019 The local bourse ended flat on Monday as market sentiment was dragged by news about a drone attack on oil processing facilities in Saudi Arabia over the weekend. The benchmark Philippine Stock Exchange index (PSEi) inched up by 0.06 percent or merely …

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Power supply deficit seen

By JORDEENE B. LAGARE September 17, 2019 ONCE the Malampaya gas field goes offline in October, the Manila Electric Co. (Meralco) is seeing a power supply deficit of almost a thousand megawatts (MW) within its franchise area, its official said. In an interview on Monday, Meralco President and Chief Executive …

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POGOs dominate office demand

By LISBET K. ESMAEL September 17, 2019 The Philippine offshore gaming operators (POGOs) industry has dominated the country’s office demand in the first nine months of the year despite political headwinds facing the sector, Leechiu Property Consultants (LPC) said on Monday. At a press briefing, LPC President David Leechiu said …

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PH, Chinese firms sign $1.1-B deals

By ANNA LEAH E. GONZALES September 17, 2019 Filipino and Chinese companies on Monday signed business agreements worth $1.1 billion. The agreements were signed during the Philippines-China (Chongqing) Trade and Investment Forum at the Conrad Hotel in Pasay City. Signed during the event were the $21.7-million trading contract between PT …

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OFW remittance up 7.2% to $2.9B in July

By JORDEENE B. LAGARE September 17, 2019 MONEY sent home by overseas Filipino workers (OFWs) surged in July, data from the Bangko Sentral ng Pilipinas (BSP) showed on Monday. In a statement, the BSP said personal remittances — comprised of OFWs’ net compensation; personal transfers (cash or in-kind); and capital …

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Supertall residential building will enter crowded NYC market

The Central Park Tower, center, is under construction, Tuesday, Sept. 17, 2019 in New York. At 1550 feet (472 meters) the tower is the world’s tallest residential apartment building, according to the developer, Extell Development Co. (AP Photo/Mark Lennihan) Karen Matthews, The Associated Press Published Tuesday, September 17, 2019 3:56PM …

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