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......»»
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......»»
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......»»
Weak Asian currencies
Investors have shown concern over the weakness of the Philippine peso in the past weeks......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
Smart extending free WiFi to more villages across PH
Smart Communications Inc. said it is providing free WiFi to more barangays across the country......»»
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......»»