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DOF sees faster GDP growth in H2

The Department of Finance (DOF) remains confident the economy would grow faster in the second half of the year on the back of larger investment inflows and exports, higher infrastructure expenditures, and improved revenue efforts......»»

Source: Philstar PhilstarCategory: Finance4 hr. 21 min. ago Related News

Remittances drop in June

Remittances from overseas Filipino workers contracted in June, tumbling to the lowest level in three months amid the decline in the deployment of Filipino workers due to the government’s repatriation program in the Middle East, the Bangko Sentral ng Pilipinas reported yesterday......»»

Source: Philstar PhilstarCategory: Finance4 hr. 21 min. ago Related News

Index recovers as Turkey woes ease

The benchmark Philippine Stock Exchange index (PSEi) managed to inch up yesterday, curbed by lingering concerns over the Turkey contagion......»»

Source: Philstar PhilstarCategory: Finance4 hr. 21 min. ago Related News

Asean urged to improve emergency food aid program

The Association of Southeast Asian Nations (ASEAN) needs to enhance coordination and response to emergency food aid requirement using its rice reserves especially in times of calamities, according to a new policy brief by the Asian Development Bank Institute (ADBI)......»»

Source: Philstar PhilstarCategory: Finance4 hr. 21 min. ago Related News

GSIS earmarks P2 billion loans for recent typhoon victims

State-run Government Service Insurance System (GSIS) has earmarked more than P2 billion for emergency loans to active members and old-age pensioners who are victims of tropical storms Henry, Inday and Josie as well as Typhoon Vinta......»»

Source: Philstar PhilstarCategory: Finance4 hr. 21 min. ago Related News

5-year T-bonds fetch higher rates

The five-year treasury bonds fetched higher rates Tuesday as the Bureau of Treasury (BTr) successfully raised P15 billion......»»

Source: Philstar PhilstarCategory: Finance4 hr. 21 min. ago Related News

Term deposits hit record yields

The yields of term deposits breached four percent to hit record levels after the Bangko Sentral ng Pilipinas (BSP) delivered the biggest rate hike in 10 years to control rising inflationary pressures......»»

Source: Philstar PhilstarCategory: Finance4 hr. 21 min. ago Related News

GT Capital earnings reach P7.1 billion in H1

GT Capital Holdings Inc. reported a net income of P7.1 billion in the first half compared with P7.2 billion the previous year, reflecting the slowdown in the auto industry’s unit sales......»»

Source: Philstar PhilstarCategory: Finance4 hr. 21 min. ago Related News

Megawide profit rises 10% to P1.26 billion in H1

Megawide Construction Corp. reported a 10 percent increase in consolidated net profit in the first half to P1.26 billion, driven by the continued robust growth of its airport and construction businesses......»»

Source: Philstar PhilstarCategory: Finance4 hr. 21 min. ago Related News

ODA remains vital to medium term plan — NEDA

Official development assistance (ODA) remains an important component in attaining goals under the country’s medium-term development plan, the National Economic and Development Authority (NEDA) said yesterday......»»

Source: Philstar PhilstarCategory: Finance4 hr. 21 min. ago Related News

More business groups back economic managers call to weigh cost of federalism

Several business groups joined the call of Philippine economic managers for fiscal prudence, more dialogues and a well-considered approach in the proposed shift to federalism......»»

Source: Philstar PhilstarCategory: Finance16 hr. 34 min. ago Related News

Monetary, fiscal authorities vow timely intervention

Monetary and fiscal authorities vowed swift and timely action amid the extraordinarily volatile markets due to external and domestic headwinds that continue to affect the Philippines......»»

Source: Philstar PhilstarCategory: FinanceAug 15th, 2018Related News

Turkey woes spread to local stocks

Stock market investors remained jittery over the possible impact of the Turkey contagion even as monetary and fiscal authorities assured timely intervention in extraordinarily volatile markets so as not to stun growth......»»

Source: Philstar PhilstarCategory: FinanceAug 15th, 2018Related News

Meralco earnings jump 14% to P11.97 B

Manila Electric Co. (Meralco) said its first semester net earnings rose by 14 percent to P11.97 billion, driven by higher electricity sales volume......»»

Source: Philstar PhilstarCategory: FinanceAug 15th, 2018Related News

EastWest Bank profit shrinks 11% to P2.2 B in H1

The rural banking arm of Gotianun-led East West Banking Corp. continued to drag the earnings of the listed bank, declining by a double-digit rate of 11 percent in the first half......»»

Source: Philstar PhilstarCategory: FinanceAug 15th, 2018Related News

PCC studies DTI request to probe charges by foreign shipping lines

The Philippine Competition Commission (PCC) needs more time and data to look into the request of the Department of Trade and Industry (DTI) to review excessive charges imposed by foreign shipping lines on Philippine importers and exporters as it is determining whether the matter is within its mandate......»»

Source: Philstar PhilstarCategory: FinanceAug 15th, 2018Related News

SBITC, Royal Cargo team up for expansion

ICTSI subsidiary Subic Bay International Terminal Corp. (SBITC) has teamed up with Royal Cargo Inc. to provide seamless movement of goods to and from North and Central Luzon (NCL) and help small and medium-sized enterprises expand their operations......»»

Source: Philstar PhilstarCategory: FinanceAug 15th, 2018Related News

Ayala, Aboitiz partner for nat’l ID infra system

Ayala Corp. and Aboitiz Equity Ventures, two of the country’s biggest conglomerates, teamed up to vie for the government’s national ID infrastructure system......»»

Source: Philstar PhilstarCategory: FinanceAug 15th, 2018Related News

Megawide acquires property management firm for P344 M

Megawide Construction Corp. has taken full ownership of Walter Mart’s WM Property Management Inc. (WMPMI) in a bid to boost its foothold in the transportation infrastructure industry......»»

Source: Philstar PhilstarCategory: FinanceAug 15th, 2018Related News

Cosco Capital income up 20.7% to P2.7 B

Lucio Co’s retailing giant Cosco Capital Inc. grew its net profit by 20.7 percent to P2.66 billion, driven by continued economic growth and higher consumer spending as a result of the tax reform law......»»

Source: Philstar PhilstarCategory: FinanceAug 15th, 2018Related News