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UN oil-for-food probe limited by documents

NEW YORK—At least five US congressional committees are investiga­ting the UN oil-for-food program in parallel with a tangle of additional probes spanning agencies and...

BSP sells dollars to prevent peso free fall, say dealers

SINGAPORE—The Bangko Sentral ng Pilipinas intervened to support the peso on Tuesday, buying the currency at a record low of 56.45 a dollar, Manila-based...

Seven-year Treasury bond rate climbs 12.806% on weak peso

A day after the peso slid to a new record low, the yield on the 7-year Treasury bond climbed to 12.806 percent at Tuesday’s...

High tax, electricity rates cloud RP biz climate

HIGH tax and electricity rates as well as rampant corruption make the country’s investment climate unattractive for business, according to the World Bank. In its...

Sept. prices seen rising 6.8 percent

PRICES in September are expected to increase by as much as 6.8 percent—a six-year high for the month—owing to adjustments in domestic oil prices...

Five bidders express interest in SSS’s Equitable-PCI stake

AT least five bidders have expressed interests to bid in the public auction for the Social Security System’s stake in Equitable-PCI Bank, the SSS...

Deadline for Transco privatization moved

THE board of the Power Sector Assets and Liabilities Management Corp. (PSALM) is considering revising the government’s year-end target to privatize the National Transmission...

Anti-FMD effort hounded by fund lack

THE lack of funds is hindering the Department of Agriculture from totally eradicating the foot-and-mouth disease in the country, an official of the department...

Peso drops to record close

THE peso on Monday dropped to a new record close of P56.45 to the dollar on the back of strong demand for the greenback...

After 2-year high, bench- mark interest rate declines

AFTER hitting a two-year high two weeks ago, the bellwether 91-day Treasury bill rate fell during Monday’s auction at the Bureau of Treasury on...

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Belmonte, Eleazar lead dialogue with Muslim leaders in Quezon City

PHILIPPINE National Police (PNP) chief LtGen. Guillermo Lorenzo Eleazar and Quezon City Mayor Josefina “Joy” Belmonte have spearheaded a peace dialog with leaders of...

Aid distribution fails to meet May 15 deadline

The Department of the Interior and Local Government (DILG) said on Saturday the government would not meet the May 15 deadline to complete the...

Catholic Church not endorsing any candidate in 2022

Manila Auxiliary Bishop Broderick Pabillo said on Saturday that the Catholic Church would not be endorsing any candidate in next year's national elections. “We can’t...

Duterte vows to fight corruption till term ends

PRESIDENT Rodrigo Duterte, with a year left in his term, said he will fight corruption until his last day in office. "We are not proclaiming...

PH logs 6,784 new Covid-19 cases, recoveries drop to 2,900

THE Philippines has logged 6,784 new cases of coronavirus disease 2019 (Covid-19) in the country while the number of recoveries dropped to 2,972 on...

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