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Monday, July 8, 2024

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DOTr plans to file arbitration case against Chinese firm CRRC Dalian

The Department of Transportation (DOTr) is studying an arbitration case against CRRC Dalian Co. Ltd., the Chinese train manufacturer that allegedly delivered non-compliant trains for the Metro Rail Transit Line-3 system. “We have a slight issue with it because the trains that were delivered to us appeared not in conformity with the agreed terms. They were heavier,” DOTr Secretary Jaime Bautista told reporters. “The reason why we don’t like to operate...

PH ranks first globally for debt transparency

Department of Finance Secretary Ralph Recto vowed to maintain the agency’s financial...

Meet Mr. Go Negosyo: Jose Ma. Concepcion III

Jose Maria “Joey” Concepcion III is the founder of Go Negosyo, a...

June gross international reserves fell to $104b

The Philippines’ gross international reserves (GIR) slightly dropped to $104.70 billion as...

LATEST Business

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AC Energy signs investment deal to take a 55% interest in Cagayan solar power firm

AC Energy Corp. said Friday it signed an agreement with CleanTech Global Renewables Inc. to own a 55-percent interest in the project company that...

Stocks extend rally; URC and Globe lead advances

The stock market extended its gains Friday, as investors picked up blue chip issues that registered a strong financial performance in 2021 despite the...

EU members reach deal to curb Big Tech domination

Brussels, Belgium—Negotiators from the European Parliament and EU member states agreed Thursday on a landmark law to curb the market dominance of US big...

German farmers in Ukraine press ahead in defiance of war

By Sophie Makris Berlin, Germany—Every year in early spring, German farmers Torben Reelfs and Tim Nandelstaedt turn the soil and plant the first sugar beets...

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