General

DOE eyes reserve market resumption on Aug. 5

MANILA: The Department of Energy (DOE) is set to restart the reserve market early this month.

In a statement Friday, the agency said it directed the Independent Electricity Market Operator of the Philippines (IEMOP) to coordinate with the Energy Regu…

General

Economy grew 6% in Q2

MANILA: The Philippine economy likely grew at 6 percent in the second quarter of the year, an economist said on Friday.

In a Viber message, Rizal Commercial Banking Corporation chief economist Michael Ricafort said drivers of growth include the highe…

General

Perak Transit proposes RM1.5 bln sukuk programme

KUALA LUMPUR: Perak Transit Bhd (PTrans) has proposed establishing an Islamic medium-term notes programme of RM1.5 billion in nominal value, based on the Shariah principle of Wakalah Bi Al-Istithmar sukuk.

In a filing with Bursa Malaysia today, PTran…

General

Sebatu To Be Crab Farming Project Centre

JASIN, The waters around Sebatu in Sungai Rambai will be turned into crab farming project that uses the transfer of seed production technology from South Korea.

Sungai Rambai state assemblyman Siti Faizah Abd Azis said the project, expected to begin…