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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: Finance2 hr. 21 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: Finance2 hr. 21 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: Finance2 hr. 22 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: Finance2 hr. 22 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: Finance2 hr. 22 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: Finance2 hr. 22 min. ago Related News

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: Finance2 hr. 22 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: Finance2 hr. 22 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: Finance2 hr. 22 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: Finance2 hr. 22 min. ago Related News

Drunk guard pokes gun at cop

A drunk security guard was arrested after he poked his gun at a policeman who was helping bring him to a hospital when he figured in a traffic accident in Marikina City Sunday......»»

Source: Philstar PhilstarCategory: News2 hr. 35 min. ago Related News

Chinese nabbed for P170-M shabu

At least 25 kilos of high-grade methamphetamine hydrochloride or shabu were confiscated from a Chinese man during a drug sting in Ermita, Manila yesterday afternoon......»»

Source: Philstar PhilstarCategory: News2 hr. 35 min. ago Related News

6/58 Ultra Lotto prize to hit P727 M

The jackpot of the 6/58 Ultra Lotto is estimated to reach P727 million by tonight’s draw after no one won on Sunday night, the Philippine Charity Sweepstakes Office (PCSO) said yesterday......»»

Source: Philstar PhilstarCategory: News2 hr. 35 min. ago Related News

Ex-sexy star, convicted of drugs, released from jail

A former sexy star has been released from jail after she entered a plea bargain in her drug case before a Quezon City regional trial court almost two years since her arrest......»»

Source: Philstar PhilstarCategory: News2 hr. 35 min. ago Related News

Former CHED exec sues for reinstatement

Commission on Higher Education officer-in-charge Commissioner Prospero de Vera is facing administrative and criminal charges before the Office of the Ombudsman for failing to reinstate a former CHED official......»»

Source: Philstar PhilstarCategory: News2 hr. 35 min. ago Related News

2 dead in murder-suicide

A 23-year-old woman was stabbed to death by her supposed lover, who hanged himself in their rented apartment in Barangay East Kamias, Quezon City over the weekend, police said yesterday......»»

Source: Philstar PhilstarCategory: News2 hr. 35 min. ago Related News

4 held for stealing TV station’s camera lens

Four people who allegedly stole a camera lens and accessories from a television station and sold them online were arrested in Quezon City over the weekend......»»

Source: Philstar PhilstarCategory: News2 hr. 35 min. ago Related News

Suspension of 9 mayors over illegal dumps recalled

The orders of former ombudsman Conchita Carpio-Morales suspending nine mayors for one year in connection with the operation of open dumps in their respective areas have been recalled......»»

Source: Philstar PhilstarCategory: News2 hr. 35 min. ago Related News

Human rights volunteer ambushed in Maguindanao

A paralegal volunteer for a human rights advocacy group was killed in an ambush in Mamasapano, Maguindanao on Monday......»»

Source: Philstar PhilstarCategory: News2 hr. 35 min. ago Related News

Abu Sayyaf gunmen allegedly abduct teacher in Sulu

Authorities have launched an extensive search for a public school teacher reportedly abducted on Saturday in Jolo, Sulu by Abu Sayyaf bandits......»»

Source: Philstar PhilstarCategory: News2 hr. 35 min. ago Related News