PEZA partners with BLISTT for economic zone expansion

BAGUIO CITY – The Philippine Economic Zone Authority (PEZA) is asking the mayors of the municipalities adjacent here to help look for areas for possible economic zone expansions and the city to help provide the necessary manpower. “Lahat ng mga may lupa public or private iniimbitahan naming i apply nila to become an economic zone para ma-utilize at ma-spread natin ang mga industries (We are … Read More

PH T-bill rates down anew

MANILA — Rates of the Philippines treasury bills (T-bills) slid across-the-board Monday still on expectations of another cut in the Bangko Sentral ng Pilipinas’ (BSP) policy rates. Average rate of the 91-day paper declined to 3.003 percent from 3.072 percent during the auction last February 17. The Bureau of the Treasury (BTr) offered it for PHP6 … Read More

AboitizPower eyes solar, wind projects in Pangasinan

LINGAYEN, Pangasinan — The Aboitiz Power Corporation (AboitizPower) plans to construct a 975-megawatt (MW) solar and wind energy facilities in Aguilar, Bugallon, and San Manuel towns in the province. Aboitiz Power Corp. senior vice president for operations and maintenance Chris Faelnar said residents of these towns and Labrador, Mangatarem, Infanta, and Mabini towns will benefit from … Read More

TDF rates decline this week

MANILA – Rate of the Bangko Sentral ng Pilipinas’ (BSP) term facilities fell across-the-board Wednesday due to oversubscription. Data released by the central bank showed that rate of the seven-day facility dropped to 4.0301 percent from 4.0851 percent during the auction last January 15. The central bank offered this tenor for PHP80 billion this week, higher … Read More

Peso, stocks recover

MANILA — The Philippine peso trekked back to the 50-level against the US dollar Wednesday after the country again successfully issued Euro-denominated bond, while the Philippine Stock Exchange index (PSEi) recovered even amid concerns on the latest coronavirus strain from China. The local currency ended the day’s trade at 50.91 from 51.015 a day ago, which … Read More

‘Build, Build, Build’ creates jobs in Pangasinan

LINGAYEN, Pangasinan — Construction work remains the most in-demand jobs in Pangasinan due to the ‘Build, Build, Build” infrastructure development program of the national government, the Public Employment Services Office (PESO) said. In a forum Tuesday, Pangasinan PESO manager Alex Ferrer said there is still shortage of skilled construction workers in the province as the demand … Read More

Over P300-B required to build Luzon-Samar long span bridge

TACLOBAN CITY — The central government will need over PHP300 billion to build a long span bridge linking Allen, Northern Samar and Matnog, Sorsogon, the National Economic Development Authority (NEDA) said on Tuesday, citing the newly-completed feasibility study. The study has identified two feasible options to construct Sorsogon-Samar Link Bridge. The first is the construction of … Read More

Oil price rollback set this week

MANILA — Oil companies have announced they will slash their prices this week. Shell, Seaoil, and Petro Gazz said Sunday they will cut prices of diesel by PHP0.20 per liter. Only Shell said it will roll back prices of kerosene by PHP0.30 per liter. There is no price adjustment expected for gasoline this week.  Kris Crismundo … Read More