Business

Oil producers extend output cuts into 2018

Oil producers within and outside OPEC agreed on Thursday to extend output cuts into 2018 to ease a global supply glut and support the price of crude.

Gov't eyes more Russian tourists with Moscow agreement

The Department of Tourism eyes more Russian tourist arrivals after inking an agreement with the Federal Agency of Tourism of Russia in Moscow today.

Alcantara Group unfazed by unrest in Mindanao

Billionaire Tomas Alcantara remains bullish on doing business in Mindanao, even as martial rule is declared over the whole region.

Unique cafe offers funding for start-ups

Nowadays, it is already possible to set up shop with very limited budget, only if you know where to go.

Finance official allays fears over Mindanao martial law

Asec. Paola Alvarez of the Department of Finance explains why there is no need for economic experts to worry about the declaration of martial law.

PH secures defense cooperation deals with Russia

Despite the crisis in Mindanao and President Rodrigo Duterte's shortened visit in Russia, the Philippine delegation is able to secure several defense cooperation deals with Moscow. 

 

Excise tax on vehicles may affect luxury car sales

A distributor of vehicles in the Philippines doubts the government will earn more from raising the excise tax on automobiles, as he expects a significant drop in the demand for the luxury segment.

PH shares rise for 5th day despite terror threat in Mindanao

Philippine shares continue their upward march despite the terror threat in Mindanao, and President Rodrigo Duterte's declaration of martial law over the island.

Will Mindanao martial law affect Philippine economy?

The martial rule in Mindanao has been receiving mixed reactions from the business community, but an international observer warns that the turmoil in the southernmost island of the Philippines may derail government's economic and tax reform agenda.

 

S&P, Nasdaq open at record levels after Fed minutes

The S&P 500 and Nasdaq Composite opened at record highs on Thursday after minutes of the Federal Reserve's latest meeting showed policymakers expected the economy to pick up momentum.