News

Top Stories

Business

By
0

In his column earlier this week, my colleague Mike Wootton made a critical observation: “If the Philip­pines is to develop as it should, then aside from regularizing the awful corruption, the politico-big business relationships [which nobody seems to talk about very much], allowing a middle class to grow to a…

By
0

The Bangko Sentral ng Pilipinas (BSP) on Friday said that inflation this month likely settled below its 3-percent to 5-percent full-year target. “The BSP forecasts inflation to remain low at 1.9 percent to 2.8 percent in September,” BSP Governor Amando Tetangco Jr. said in a text message to reporters. He…

By
0

The Philippine benchmark stock index rebounded slightly by noon on Friday from gains in Wall Street, but ended the trading session with a drop over United States debt ceiling concerns and some profit-taking. The Philippine Stock Exchange index (PSEi) slumped by 0.43 percent, or 27.65 points to 6,379.81, but the…

By
0

The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has amended the rules that govern the valuation of bank-held government securities (GS) to reflect its market value. “The enhancement of the valuation guidelines for GS is essential to developing the country’s capital markets. In turn, deepening of the domestic…


By
0

The Philippine Deposit Insurance Corp. (PDIC) took over the single-unit Rural Bank of Hagonoy (Davao del Sur) Inc. and assured its depositors that all valid deposits shall be paid up to P500,000. In a statement, the state insurer said that the Monetary Board of the Bangko Sentral ng Pilipinas placed…

By
0

The Department of Trade and Industry (DTI), through its Board of Investments (BOI), on Thursday received the roadmaps for the domestic paper and rubber industries. “In the tradition of the TID [Trade and Industry Development Updates], we have lined up a series of stakeholder conferences of which this forum is…

Regions

World

Today's Breaking News