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High bids force T-bill rejections

The Bureau of the Treasury (BTr) yesterday rejected all bids for Treasury bills (T-bills) as investors exercised caution ahead of the Monetary Board and Federal Open Market Committee meetings this week......»»

Source: philstar philstarCategory: finance4 hr. 18 min. ago Related News

Security Bank completes 2018 fund raising

Security Bank Corp. may tap the offshore and onshore debt markets next year after successfully raising $300 million from the first tranche of its medium term note program......»»

Source: philstar philstarCategory: finance4 hr. 18 min. ago Related News

World Bank backs removal of productivity constraints

The World Bank is urging the removal of constraints affecting productivity — such as restrictions on foreign investments — to enable the country to attain its long-term agenda of being a poverty-free society by 2040......»»

Source: philstar philstarCategory: finance4 hr. 18 min. ago Related News

Airlines add fuel surcharge to ticket prices

Local airlines have started implementing higher rates in line with the revival of the fuel surcharge......»»

Source: philstar philstarCategory: finance4 hr. 18 min. ago Related News

Peso hits 13-year low anew

The peso weakened anew to the lowest level in almost 13 years, giving up 19 centavos at the start of the trading week amid the impending rate hikes by the US and Philippine central banks as well as worsening trade tension between the US and China......»»

Source: philstar philstarCategory: finance4 hr. 18 min. ago Related News

Consumer groups back bill on Solar Para Sa Bayan franchise

Consumer groups have expressed support for House Bill 8179 which gives Solar Para Sa Bayan the non-exclusive right to construct solar-battery minigrids in off-grid areas nationwide at zero cost to government......»»

Source: philstar philstarCategory: finance4 hr. 18 min. ago Related News

Budget swings to P2.6-B deficit in August

The national government continued to incur a budget deficit in August as the growth in expenditures once again outpaced the increase in revenues, according to the Bureau of the Treasury......»»

Source: philstar philstarCategory: finance4 hr. 18 min. ago Related News

Cemex assesses impact of mining ban

Cemex Holdings Philippines Inc. (CHP) is now conducting an assessment on how the cease and desist order on unit APO Land & Quarry Corp. would affect its business......»»

Source: philstar philstarCategory: finance4 hr. 18 min. ago Related News

Stocks extend positive momentum

The Philippine stock market remained upbeat yesterday, opening the first trading day of the week on a good start as it extended Friday’s positive momentum......»»

Source: philstar philstarCategory: finance4 hr. 18 min. ago Related News

Senate OKs creation of energy think tank

The Philippines is close to having its own think tank which could bridge research and policy gaps in the Philippine energy sector after the Senate approved the proposed measure in the hope of fostering greater energy security, sustainability, and affordability in the country......»»

Source: philstar philstarCategory: finance4 hr. 18 min. ago Related News

National government fiscal performance (August 2018)

THE GOVERNMENT’S budget balance swung to a deficit in August from a year-ago surplus as expenditures surged faster than revenue growth, the Bureau of the Treasury (BTr) said on Monday. Read the full story. The post National government fiscal performance (August 2018) appeared first on BusinessWorld......»»

Source: bworldonline bworldonlineCategory: finance5 hr. 45 min. ago Related News

House body turns to financial products as it presses on with tax reform

THE HOUSE of Representatives Ways and Means Committee on Monday raced to tackle more of the Executive’s proposed tax reforms in a bid to approve as many of them as possible before lawmakers turn their attention to preparations for next year’s midterm elections, this time focusing on making capital income and financial intermediary taxes simpler, fairer and more efficient. The post House body turns to financial products as it presses on with tax reform appeared first on BusinessWorld......»»

Source: bworldonline bworldonlineCategory: finance5 hr. 45 min. ago Related News

Fiscal deficit marks Aug. on spending hike

THE GOVERNMENT’S budget balance swung to a deficit in August from a year-ago surplus as expenditures surged faster than revenue growth, the Bureau of the Treasury (BTr) said on Monday. The post Fiscal deficit marks Aug. on spending hike appeared first on BusinessWorld......»»

Source: bworldonline bworldonlineCategory: finance5 hr. 45 min. ago Related News

World Bank cites dev’t tasks ahead for PHL

THE PHILIPPINE economy needs to grow at least 6.5% annually if it is to turn “into a prosperous middle-class society free of poverty by 2040,” the World Bank said on Monday, describing this goal as challenging but attainable. The post World Bank cites dev’t tasks ahead for PHL appeared first on BusinessWorld......»»

Source: bworldonline bworldonlineCategory: finance5 hr. 45 min. ago Related News

Hontiveros bares ‘tara system’ in NFA

By Camille A. Aguinaldo, Reporter Senator Risa N. Hontiveros-Baraquel on Monday revealed the tara system within the National Food Authority (NFA) involving the grains agency’s administrator Jason Laureano Y. Aquino and other private rice traders and importers. In a privileged speech, Ms. Baraquel, citing her sources, said Mr. Aquino was allegedly being paid tara or grease […] The post Hontiveros bares ‘tara system’ in NFA appeared first on BusinessWorld......»»

Source: bworldonline bworldonlineCategory: finance5 hr. 45 min. ago Related News

CebuPac imposes fuel surcharge on local, foreign flights

CebuPac imposes fuel surcharge on local, foreign flights.....»»

Source: thestandard thestandardCategory: finance11 hr. 19 min. ago Related News

Market advances; AEV tops gainers

Market advances; AEV tops gainers.....»»

Source: thestandard thestandardCategory: finance11 hr. 19 min. ago Related News

Salceda: Inflation affects development& nbsp;

Salceda: Inflation affects development& nbsp;.....»»

Source: thestandard thestandardCategory: finance11 hr. 19 min. ago Related News

Peso falls to 13-year low of 54.23 against US dollar

Peso falls to 13-year low of 54.23 against US dollar.....»»

Source: thestandard thestandardCategory: finance11 hr. 19 min. ago Related News

Government incurred P2.6-b deficit in August as spending rose

Government incurred P2.6-b deficit in August as spending rose.....»»

Source: thestandard thestandardCategory: finance11 hr. 19 min. ago Related News