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Higher dollar outflow widens balance of payments gap in first quarter

More dollars continued to flow out of the Philippines as the country’s balance of payments position exceeded the full-year deficit target set by the Bangko Sentral ng Pilipinas in the first quarter......»»

Source: Philstar PhilstarCategory: Finance16 hr. 48 min. ago Related News

Ayala Group expanding international portfolio

Ayala Corp., the country’s oldest conglomerate, will grow its international portfolio of energy, real estate, water and manufacturing businesses in the next two years......»»

Source: Philstar PhilstarCategory: Finance16 hr. 48 min. ago Related News

Reforms, solid macro conditions to ease risk of overheating – NEDA

The country’s solid macroeconomic conditions and ongoing reforms will ease the economy’s risk of overheating, the National Economic and Development Authority said......»»

Source: Philstar PhilstarCategory: Finance16 hr. 48 min. ago Related News

Index recovers on late buying

The stock market recovered yesterday on late buying after suffering heavy losses on Thursday on fears of rising inflation and escalating trade war between the US and China......»»

Source: Philstar PhilstarCategory: Finance16 hr. 48 min. ago Related News

BDO sees record P31 billion income this year

BDO Unibank Inc. sees a double-digit growth in earnings to a record P31 billion this year from P28.1 billion last year amid the challenging and competitive operating landscape in the country’s banking industry......»»

Source: Philstar PhilstarCategory: Finance16 hr. 48 min. ago Related News

BSP shoots down possible 5% inflation breach this year

Monetary authorities expects inflation to hover below five percent this year and may remain within the two to four percent target despite rising pressures from the implementation of the new tax law......»»

Source: Philstar PhilstarCategory: Finance16 hr. 48 min. ago Related News

SEC clears Credit Suisse rep office in Philippines

Credit Suisse has received a licence from the Securities and Exchange Commission and regulatory approval from Bangko Sentral ng Pilipinas to establish a representative office in the Philippines for its wealth management business......»»

Source: Philstar PhilstarCategory: Finance16 hr. 48 min. ago Related News

Razon says ICTSI’s Mexico business at risk from US-China trade conflict

The trade war between the United States and China may affect the global economy, a validation that US President Donald Trump remains the biggest threat to global growth, ports tycoon Enrique K. Razon said yesterday......»»

Source: Philstar PhilstarCategory: Finance16 hr. 48 min. ago Related News

PNB, BDO raising additional funds from local, international debt market

Philippine National Bank and BDO Unibank Inc. tapped the offshore and onshore debt markets to raise funds to lengthen the maturity of their funding sources and support their business expansion plans......»»

Source: Philstar PhilstarCategory: Finance16 hr. 48 min. ago Related News

PLDT unveils one-stop digital hub

PLDT Inc. unveiled yesterday its first converged store for flagship brands PLDT, Smart and Cignal located in Bonifacio Global City, Taguig to serve as a one-stop digital hub for customers......»»

Source: Philstar PhilstarCategory: Finance16 hr. 48 min. ago Related News

Business groups commit to hiring K-12 graduates

Business groups on Friday, April 20, reaffirmed their commitment to hire senior high school graduates under the K to 12 program amid concerns over their job readiness earlier raised by employers. “We in the private sector therefore reaffirm our strong support for the K to 12 reform by taking affirmative action and opening employment positions […] The post Business groups commit to hiring K-12 graduates appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: FinanceApr 20th, 2018Related News

Palace orders DoLE to submit report on companies violating rules on contractual hiring

Malacañang has ordered the Department of Labor and Employment (DoLE) to submit its “comprehensive report” on the implementation of Department Orders 174 and 183, which spelled out the rights of both employers and workers in a contractual hiring arrangement, and a list of companies engaged or suspected to be engaged in labor-only contracting. “The Department […] The post Palace orders DoLE to submit report on companies violating rules on contractual hiring appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: FinanceApr 20th, 2018Related News

DOTr MRT-3 completes weight-testing of Dalian trains

The Department of Transportation – Metro Rail Transit-3 (DOTr MRT-3) has completed on Thursday, April 19, the weight testing of Dalian trains at the MRT-3 depot. The completion of weight testing, which was preceded by a series of steps including equipment installation, calibration, weighing of empty trains, and loading of weights, was witnessed by representatives […] The post DOTr MRT-3 completes weight-testing of Dalian trains appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: FinanceApr 20th, 2018Related News

Construction of P300-million Manila Bay seawall finished by July — DPWH

The Department of Public Works and Highways is set to complete a P296.5-million seawall in Manila Bay by July. … [THIS STORY WILL BE UPDATED SHORTLY] The post Construction of P300-million Manila Bay seawall finished by July — DPWH appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: FinanceApr 20th, 2018Related News

DENR gives Coron business owners 30 days to remove structures built on waters

The Department of Environment and Natural Resources (DENR) said it is giving 75 business owners 30 days to remove their structures built on the waters and within the easement zones of Coron, Palawan. Below is the statement released by the environment agency: DENR gives biz owners 30 days to remove illegal structures in Coron, warns […] The post DENR gives Coron business owners 30 days to remove structures built on waters appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: FinanceApr 20th, 2018Related News

Malaysia stands out in ASEAN with 61 years of democracy and equitable growth

In just a little over 60 years, Malaysia has successfully transformed itself from a low-income agricultural based economy to a nation on track towards attaining advanced economy status in two years’ time. Amongst its commendable achievements in national development, Malaysia lays claim to a remarkable decline in poverty rates amongst the peopleandremains an example of […] The post Malaysia stands out in ASEAN with 61 years of democracy and equitable growth appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: FinanceApr 20th, 2018Related News

Balance of payments deficit remains, but slimmer, in March

The Philippines’ external payments position posted a deficit for the third straight month in 2018, although narrower, with outflows fueled by payments of the national government's debts and the central bank’s foreign exchange operations......»»

Source: Philstar PhilstarCategory: FinanceApr 20th, 2018Related News

Stocks plummet to 1-year low

Local share prices further went south yesterday, triggering a bloodbath not seen in over two years, as investors dumped their holdings on fears of escalating US-China trade confict and rising inflation at home......»»

Source: Philstar PhilstarCategory: FinanceApr 19th, 2018Related News

Hot money inflow hits 3-year high in March

Foreign portfolio investments swung to a net inflow of $1.13 billion in March, the highest in more than three years, after the government successfully raised P12 billion ($230 million) from the maiden issuance of Panda bonds, the Bangko Sentral ng Pilipinas reported yesterday......»»

Source: Philstar PhilstarCategory: FinanceApr 19th, 2018Related News

Holidays prompt temporary cut in TDF offer

Higher demand for cash during the upcoming Labor Day and barangay election holidays has prompted the Bangko Sentral ng Pilipinas to reduce anew the volume of term deposits to be offered next week......»»

Source: Philstar PhilstarCategory: FinanceApr 19th, 2018Related News