JORDEENE SHEEX LAGARE

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The government has expanded its latest retail treasury bond (RTB) offering to P130 billion from P30 billion with officials citing market demand and desire to tap consumer funds ahead of the Christmas spending seasion. “For the 20th offering of retail treasury bonds, we are taking advantage of the added liquidity…

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The stock market eked out a slight gain on Monday with investors said to have taken heart from positive economic growth data and blue chip gains. The bellwether Philippine Stock Exchange (PSE) gained 10.90 points or 0.13 percent to close at 8,321.98. The wider All Shares, however, lost 2.07 points…

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Oil companies will slash the pump prices of diesel, gasoline and kerosene on Tuesday after four weeks of consecutive price increases. Flying V and Seaoil were the first to adjust their prices, lowering the cost of diesel by 15 centavos per liter, gasoline by 50 centavos per liter and kerosene…

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The Department of Energy (DoE) is moving toward adopting smart grid technology in the Philippines, which a top official of the agency said would be more beneficial and safer to use. “Giving attention to safety and the energy sector’s move toward the adoption of smart grid technologies will benefit both…

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The Philippines and the European Union (EU) will continue their partnership to provide sustainable energy to rural communities across the country, according to the Department of Energy (DoE). “We have to focus on energy efficiency and capacity-building to further empower our people, especially those living in rural communities,” Energy Undersecretary…

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The stock market ended the trading week back in 8,300 territory, moving in line with other bourses in the region as investors cheered news on tax cuts in the United States and other positive developments elsewhere. The bellwether Philippine Stock Exchange index (PSEi) gained 1.27 percent or 104.64 points, closing…

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PILIPINAS Shell Petroleum Corp. recorded a net income of P6.63 billion in the nine months to September this year, up 4.3 percent from P6.36 billion in 2016, on the strong growth of its retail business. In a disclosure on Thursday, the listed oil firm said the growth of its retail…

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LISTED Basic Energy Corp. said on Friday that it had signed a term sheet with Vintage Engineering Public Co. Ltd (VTE), a firm listed on Thailand’s stock exchange, for the possible acquisition of a minimum 12.5 percent stake in two companies that won the contract to build a 220-megawatt (MW)…

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Listed MRC Allied Inc. has entered into a memorandum of understanding (MOU) with a Chinese company that wants to venture into liquefied natural gas (LNG) projects in the Philippines. In a disclosure, MRC Allied informed the Philippine Stock Exchange on Friday that it has executed an MOU with China Energy…

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LISTED Basic Energy Corp. said on Thursday that it would continue exploration work in certain areas in Mindoro. Basic Energy told the local bourse that for 2017, the company “will continue with its business in oil and gas exploration, being a party, together with other exploration companies, to a service…

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