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MPTC projects to open in next few months

Metro Pacific Tollways Corp. is set to complete in the coming months vital infrastructure projects that are expected to help spur the country’s economic recovery......»»

Source: Philstar PhilstarCategory: Finance36 min. ago Related News

Private economists cut inflation forecasts

Economists of private banks lowered their 2021 inflation forecasts to 4.1 percent from the original target of 4.3 percent as prices start to move toward the two to four percent target of the Bangko Sentral ng Pilipinas for the rest of the year......»»

Source: Philstar PhilstarCategory: Finance36 min. ago Related News

Economic legs for recovery

Data from the Philippine Statistics Authority show that the country’s Gross Domestic Product in Q1 2021 contracted by 4.2 percent, marking the fifth straight quarter of economic contraction......»»

Source: Philstar PhilstarCategory: Finance36 min. ago Related News

Weak Asian currencies

Investors have shown concern over the weakness of the Philippine peso in the past weeks......»»

Source: Philstar PhilstarCategory: Finance36 min. ago Related News

Government securities’ yields expected to rise

Debt papers to be issued by the government this week will likely fetch higher rates anew as buyers continue to look for additional protection on their investments amid risks arising from the peso’s devaluation and the country’s scaled down credit ratings......»»

Source: Philstar PhilstarCategory: Finance36 min. ago Related News

GCash beefs up money transfer services

Mobile wallet GCash, owned and operated by Globe Telecom Inc.’s Mynt, is beefing up its money transfer services by offering a new remittance feature to its more than 40 million active consumers, which will also be accessible to all non-app users......»»

Source: Philstar PhilstarCategory: Finance36 min. ago Related News

DTI to comply with lifting of vehicle safeguard duties

The Department of Trade and Industry is ready to comply with the recommendation of the Tariff Commission against the imposition of safeguard measures on vehicle imports......»»

Source: Philstar PhilstarCategory: Finance36 min. ago Related News

Delta variant unnerves market

The local stock market may continue to move with a downward bias this week due to continuing jitters over COVID-19 as the Department of Health (DOH) continues to record more cases of the more contagious Delta variant, traders said......»»

Source: Philstar PhilstarCategory: Finance36 min. ago Related News

Trust entities must create internal audit function – BSP

The Bangko Sentral ng Pilipinas is set to require trust entities to regularly conduct an internal audit to assess their respective operational management, risk management, compliance and other control functions......»»

Source: Philstar PhilstarCategory: Finance36 min. ago Related News

Atlas Consolidated Mining H1 profit up 1070% on higher metal prices

AT credited the stark turnaround to the uptick in metal prices in copper (+70%) and gold (+10%), and to its production and shipping volumes in Q2 of this year......»»

Source: Philstar PhilstarCategory: Finance36 min. ago Related News

Discovery World pushes P11-M into new Davao-based development holdco

Discovery World Corp. incorporated One Davao Corporation (ODC), with an authorized capital stock of P100 million, and will invest P11 million in ODC shares, making ODC a wholly-owned subsidiary of DWC......»»

Source: Philstar PhilstarCategory: Finance36 min. ago Related News

Greenergy announces deal to run lead generation for Dito

The team-up was committed to paper in the form of a memorandum of agreement (MOA) between the Antonio Tiu-led Greenergy and the Dennis Uy-led Dito Telecommunity......»»

Source: Philstar PhilstarCategory: Finance36 min. ago Related News

App supports Filipino MSMEs

Lemi, an application where users can share about their experiences and recommendations on local shops, is now helping lift micro, small and medium enterprises in the Philippines despite the threat of the pandemic......»»

Source: Thestandard ThestandardCategory: Finance3 hr. 45 min. ago Related News

Fed to meet as inflation, virus variants complicate US recovery

As rising prices and the spread of new COVID-19 variants increase risks to the US economy, Federal Reserve officials are expected to maintain their easy money policies intended to help American companies and workers survive the pandemic damage......»»

Source: Thestandard ThestandardCategory: Finance3 hr. 45 min. ago Related News

MORE Power reduces electricity rates by 36%

MORE Electric and Power Corp. of tycoon Enrique Razon Jr. announced over the weekend a 36-percent cut in the electricity rates of Iloilo City electricity consumers for July......»»

Source: Thestandard ThestandardCategory: Finance3 hr. 45 min. ago Related News

GCash expands remittance service

GCash, the mobile wallet of Globe Telecom Inc., has expanded its remittance service to Filipinos without any e-wallet account in a bid to keep its position as the number one fintech company in the country......»»

Source: Thestandard ThestandardCategory: Finance3 hr. 45 min. ago Related News

Analysts see volatile stock market trading

Trading at the Philippine Stock Exchange is expected to remain volatile this week due to the spread of the more infectious Delta variant of the coronavirus that could slow down global recovery......»»

Source: Thestandard ThestandardCategory: Finance3 hr. 45 min. ago Related News

Big business groups ask Duterte to endorse key economic reforms

Three major business groups asked President Rodrigo Duterte to endorse the fast approval of key economic policies and address issues confronting exporters, employers and the business community on the eve of his final State of the National Address Monday......»»

Source: Thestandard ThestandardCategory: Finance3 hr. 45 min. ago Related News

Smart extending free WiFi to more villages across PH

Smart Communications Inc. said it is providing free WiFi to more barangays across the country......»»

Source: Thestandard ThestandardCategory: Finance3 hr. 45 min. ago Related News

Filinvest REIT firm acquiring PBCom and 2 other buildings

Filinvest REIT Corp., the real estate investment trust company of Filinvest Land Inc., plans to acquire three office buildings from parent FLI to boost its office leasing portfolio......»»

Source: Thestandard ThestandardCategory: Finance3 hr. 45 min. ago Related News