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Just days after users reported unauthorized deductions from their accounts, popular e-wallet platform GCash faced another issue. On Friday afternoon, the Ayala-backed company announced that its bank transfer feature via BancNet was experiencing problems, though the cause…
The local stock market regained the 7,400 level on Thursday, boosted by positive expectations for the country’s economic growth. By the end of the day, the Philippine Stock Exchange Index (PSEi) rose 1.31%, or 96.12 points, to…
The Philippine Stock Exchange Index (PSEi) closed nearly unchanged on Wednesday at 6,882.12, down 0.01% (0.80 points), following a sharp drop in US markets as investors worried about a potential global economic slowdown. The broader All Shares…
MANILA, Philippines — The Department of Energy (DOE) and industry players are seeing a mixed movement in the pump prices of petroleum products this week on uncertain demand globally. Rodela Romero, director of the DOE Oil Industry…
The hotel industry might struggle to keep up with demand this year because more foreign tourists are coming in than there are new hotels being built. Leechiu Property Consultants Inc. mentioned in their recent report that tourist…
MANILA — Philippine stocks stayed around the 6,800 level on Thursday due to investors grappling with more economic uncertainties, particularly the government’s rising debt. The Philippine Stock Exchange index or PSEi dropped by 0.54 percent, or 36.76…
MANILA, Philippines — Drivers will see a small decrease in fuel prices this week as local oil companies are reducing gasoline prices by P0.50 per liter, diesel by P0.25 per liter, and kerosene by P0.30 per liter…
MANILA, Philippines —Fuel pump prices will increase by P0.50 per liter starting Tuesday, March 5, due to Russia’s six-month export ban. However, diesel prices will decrease by P0.40 per liter and kerosene by P0.35 per liter, as…
Three major power companies in the country have come together to launch a $3.3-billion (P184.89 billion) deal to build the Philippines’ inaugural and most extensive liquefied natural gas (LNG) facility in Batangas province. This initiative aims to…
MANILA, Philippines —The five-week trend of rising fuel prices will stop on Tuesday, February 13, due to a decrease in global demand. Local fuel companies announced in separate statements on Monday that they would reduce gasoline prices…
MANILA – The Department of Energy (DOE) announced possible rollbacks in the pump prices of diesel and kerosene effective Tuesday, January 2. In a text message to reporters, DOE Oil Industry Management Bureau Director Rodela Romero said…
MANILA – Pump prices of gasoline are expected to go up while diesel prices are going down on Tuesday, Dec. 5, as major oil exporters are expected to implement supply cuts. In separate advisories, local fuel firms…
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