In today’s economy, oil and gas are vital resources. They generate energy to power critical facets of the economy, such as transportation and electricity. Oil is also an important material to create products like plastics and chemicals. Thus, the stability of the oil supply, as the Department of Energy (DoE) said, is “of paramount importance to any economy.”From 2000 to ...

Children in a remote area in Palawan now dream of a future where they can be engineers or other professions different from anything they grew up knowing, ever since their village gained access to electricity via Pilipinas Shell’s Access to Energy (A2E) program. Sergio C. Bernal, Jr., Pilipinas Shell vice-president for external and government relations, says that teachers in areas ...

SCB Philippines CEO Lynette Ortiz (2nd from left) led the ceremonial toast with (from left) Monetary Board Member Anita Linda Aquino, Bangko Sentral ng Pilipinas Governor Felipe Medalla, Finance Secretary Benjamin Diokno, UK Ambassador to the Philippines Laure Beaufils, SCB CCIB Regional Co-Head for Client Coverage Asia Heidi Toribio and SCB ASEAN Cluster Head Andrew Chia. Standard Chartered Bank (SCB) ...

A SIGN is pictured on an electric car charging station at the United Nations in Geneva, Switzerland, June 2, 2017. — REUTERS THE NATIONAL Economic and Development Authority (NEDA) Board, chaired by President Ferdinand R. Marcos, Jr., has approved an executive order (EO) that will slash tariffs on some electric vehicles (EVs), as well as guidelines for public-private partnership projects ...

UNITED STATES dollar bills are seen on a light table at the Bureau of Engraving and Printing in Washington, DC in this file photo taken on Nov. 14, 2014. — REUTERS By Luisa Maria Jacinta C. Jocson, Reporter MORE SHORT-TERM foreign capital entered than left the Philippines in October, after five straight months of outflows, Bangko Sentral ng Pilipinas (BSP) ...

BW FILE PHOTO THE GOVERNMENT plans to borrow P135 billion from the domestic market in December, the Bureau of the Treasury (BTr) said. In an advisory posted on Thursday, the BTr said it would borrow P30 billion in Treasury bills (T-bills) and P105 billion in Treasury bonds (T-bonds) next month. The December borrowing plan is 37.21% lower than the P215-billion ...

Laborers work at a construction site in Manila. — PHILIPPINE STAR/ RUSSELL PALMA WHOLESALE and retail prices of construction materials continued to rise in the National Capital Region (NCR) in October, as economic activity picked up. Preliminary data from the Philippine Statistics Authority (PSA) showed wholesale prices of construction materials in NCR jumped by 11% year on year in October, ...

SMC GLOBAL Power Holdings Corp. is appealing the decision of the Energy Regulatory Commission (ERC) denying its petition for temporary relief to partially recover losses. “We have just received it on Monday. They filed a petition for certiorari to the Court of Appeals (CA), meaning they are appealing that it is not within our jurisdiction,” ERC Chairperson and Chief Executive ...

AUTOBIOGRAPHY by Makbul Mubarak A FULL-LENGTH film about a young man who gets caught up in violent events and an X-rated short film about a sex worker and his cat took the top prizes at the 10th QCinema International Film Festival. The awards ceremony was held on Nov. 23 at Novotel in Araneta Center, Quezon City. Makbul Mubarak’s directorial debut ...

BW FILE PHOTO SAN MIGUEL Corp. has received the permit to sell P60 billion worth of fixed-rate retail bonds from the Securities and Exchange Commission, the listed firm said on Thursday. In a disclosure to the Philippine Stock Exchange, San Miguel said it received the permit dated Nov. 22. The bonds will have a base offer of P40 billion and ...