Oil firms to cut prices this week

MANILA — Several oil companies have announced another price rollback effective 6 a.m. on Tuesday.  In separate advisories, Seaoil, Petro Gazz, PTT Philippines and Flying V said they will reduce the price of their respective gasoline products by PHP0.20 per liter, and diesel by PHP0.10 per liter.  Seaoil and Flying V will also slash the price … Read More

Coconut products maker expands spray-drying line in Misamis plant

MANILA — Integrated coconut manufacturer Axelum Resources Corp. has completed the expansion of the spray-drying line in its plant in Medina, Misamis Oriental, as it prepares for the growing global market for coconut-based products. Axelum president Henry Raperoga said the PHP250-million project will increase the plant capacity from 10 metric tons (MT) of coconut milk … Read More

Peso, stocks end higher

MANILA — The Philippine peso ended Monday better against the US dollar, tracking the Chinese yuan, but the Philippine Stock Exchange index (PSEi) barely rose as investors took a wait-and-see stance. The local currency ended the day at 51.105 from 51.295 Friday. BPI Research said the local unit trailed the yuan “after the People’s Bank … Read More