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Central bank tightens watch on money changers

THE BANGKO SENTRAL ng Pilipinas (BSP) will keep a closer watch on remittance and transfer companies (RTCs), foreign exchange dealers (FXDs), money changers (MCs) and other money service businesses (MSBs), as part of efforts to combat money laundering in the country......»»

Source: Bworldonline BworldonlineCategory: NewsJan 20th, 2017Related News

2016 GDP growth seen hovering around 7%

PHILIPPINE ECONOMIC GROWTH last year is expected to have hovered around the top end of the government's 6-7% target on the back of robust household consumption, strong investments and continued improvement in state spending, according to separate estimates issued on Friday......»»

Source: Bworldonline BworldonlineCategory: NewsJan 20th, 2017Related News

Storms step in after El Niño to drag down farm output

VALUE of total farm output decreased last quarter and in the entire 2016, as storms took over in hammering the sector after the drought spawned by El Niño dissipated in the first half, the Philippine Statistics Authority (PSA) reported on Friday......»»

Source: Bworldonline BworldonlineCategory: NewsJan 20th, 2017Related News

2016 BoP data bear scars of uncertainty in external markets

THE COUNTRY'S external payments deficit narrowed in December from the preceding month, according to data the Bangko Sentral ng Pilipinas (BSP) released yesterday, but -- together with the full-year gap -- reflected the impact of uncertainties hounding markets abroad......»»

Source: Bworldonline BworldonlineCategory: NewsJan 19th, 2017Related News

Now at a bank near you: one-day check clearing

CHECK PROCESSING can now be done in just one working day -- instead of three to five banking days previously -- giving consumers faster access to funds as banks roll out today the Philippine Clearing House Corp.'s (PCHC) digital clearing system roughly four months after the central bank approved the system......»»

Source: Bworldonline BworldonlineCategory: NewsJan 19th, 2017Related News

Global bond sale raises $500M

THE PHILIPPINES, one of Asia's most active sovereign bond issuers, raised $500 million from a new 25-year US dollar bond offering, in a sign of investor confidence in the country and the new government under President Rodrigo R. Duterte......»»

Source: Bworldonline BworldonlineCategory: NewsJan 19th, 2017Related News

Government considers corn exports

THE PHILIPPINES may be able to soon export corn, the country's second staple after rice, the Agriculture department said yesterday, expressing confidence that this year will see a surplus of the grain......»»

Source: Bworldonline BworldonlineCategory: NewsJan 19th, 2017Related News

Labor & Management: Think tank warns of risks of raising minimum wage

HIGHER across-the-board wages run the risk of limiting the employment prospects of less experienced workers and women, according to a paper published by the Philippine Institute for Development Studies (PIDS)......»»

Source: Bworldonline BworldonlineCategory: FinanceJan 19th, 2017Related News

Opinion: From The Anchor's Chair -- Quintin V. Pastrana: "Let it flow"

If the Duterte administration's 10-point Economic Plan was the road map, then we now have the beginnings of a road......»»

Source: Bworldonline BworldonlineCategory: FinanceJan 19th, 2017Related News

The World: Avalanche hits Italian mountain hotel; 'many' buried in snow

ROME -- Up to 30 people were feared to have died Thursday after an Italian mountain hotel was engulfed by a powerful avalanche in the earthquake-ravaged center of the country......»»

Source: Bworldonline BworldonlineCategory: FinanceJan 19th, 2017Related News

World Sports: Kings, Elite in key PBA matchup today

THE Barangay Ginebra San Miguel Kings and Blackwater Elite, two teams in the middle of the pack of the ongoing PBA Philippine Cup, get entangled in a key matchup today that carries playoff implications......»»

Source: Bworldonline BworldonlineCategory: FinanceJan 19th, 2017Related News

Arts & Leisure: Netflix adds 7M subscribers in its global expansion

SAN FRANCISCO -- Netflix added a record seven million subscribers over the past quarter as part of its global expansion drive, fueling a surge in revenue and profit for the streaming television giant......»»

Source: Bworldonline BworldonlineCategory: FinanceJan 19th, 2017Related News

Nation: 2 cops, others charged over Korean killed in Crame

ICK JOO JEE, the Korean businessman and former Hanjin Shipping executive abducted last October 2016, was strangled to death inside the Philippine National Police (PNP) headquarters in Quezon City, according to a resolution by the Department of Justice (DoJ) on Thursday......»»

Source: Bworldonline BworldonlineCategory: FinanceJan 19th, 2017Related News

Economy: Revenue growth fastest in real estate sector -- PSA

THE real estate sector was the fastest-growing generator of revenue in the third quarter of 2016, the Philippine Statistics Authority (PSA) reported yesterday......»»

Source: Bworldonline BworldonlineCategory: FinanceJan 19th, 2017Related News

Stock Market: PSEi extends gains after Yellen's rate hike signal

LOCAL STOCKS sailed through the uncertainties brought upon by developments in the United States and the United Kingdom, with local investors snapping up bargains for a second day......»»

Source: Bworldonline BworldonlineCategory: FinanceJan 19th, 2017Related News

Finance: Inflation likely to trend higher

HIGHER COSTS of electricity and oil, as well as the continuous expansion of the economy, will prompt inflation to normalize gradually this year and next after the rise in consumer prices settled below target in 2016, the Bangko Sentral ng Pilipinas (BSP) said......»»

Source: Bworldonline BworldonlineCategory: FinanceJan 19th, 2017Related News

Corporate News: Ayala looking to retain capital spending budget

AYALA Corp. is looking at a capital expenditure program of around P170 billion, as it expands further in the power, infrastructure, industrial, health care and education sectors......»»

Source: Bworldonline BworldonlineCategory: FinanceJan 19th, 2017Related News

Front Page: Government considers corn exports

THE PHILIPPINES may be able to soon export corn, the country's second staple after rice, the Agriculture department said yesterday, expressing confidence that this year will see a surplus of the grain......»»

Source: Bworldonline BworldonlineCategory: FinanceJan 19th, 2017Related News

Duterte seeks to quell business worries

PRESIDENT Rodrigo R. Duterte on Tuesday met some of the country’s tycoons over dinner in Malacañang in a bid to address “uncertainties” troubling them, his spokesman said yesterday......»»

Source: Bworldonline BworldonlineCategory: NewsJan 18th, 2017Related News

Unemployment mars PHL's growth picture

THE PHILIPPINES is expected to remain among Asia’s fastest-growing economies at least up to next year, according to estimates released yesterday by the United Nations (UN) that nevertheless showed the country also with among the highest unemployment rates, underlining the need to make sure economic expansion generates more jobs and lifts more people out of poverty......»»

Source: Bworldonline BworldonlineCategory: NewsJan 18th, 2017Related News