THE BANGKO SENTRAL ng Pilipinas (BSP) will consider reducing the reserve requirement ratio (RRR) for lenders further if banks don’t misbehave and speculate against the peso, Governor Benjamin E. Diokno said.
THE DEPARTMENT of Energy (DoE) has extended the deadline for interested entities to submit their bids to secure service contracts for the 14 areas in the Philippines offered by the government for oil and gas exploration.
BOTH the 12 leading candidates in the senatorial race and the leading party-list groups may be proclaimed by Sunday, the Commission on Elections (Comelec) said Friday.
ADVOCACY group Human Rights Watch (HRW) on Friday called for a winning senatorial candidate to be held accountable for his leading role in President Rodrigo R. Duterte’s drug war.
DISMISSED Food and Drug Administration (FDA) Director-General Nela Charade G. Puno said she accepts her dismissal by President Rodrigo R. Duterte but maintained that she is “clueless” about the allegations of corruption against her.
THE Department of Finance projects the Universal Healthcare (UHC) Act to have a total funding gap of P426 billion in the first four years of implementation if a fresh tax increase on tobacco and alcoholic beverages is not passed.
MORE Electric and Power Corp. (MORE Power) has signed an interim power supply agreement for 5 megawatts (MW) with KEPCO SPC Power Corp. (KSPC), helping ensure stable electricity in Iloilo City for the one-year term of the contract.
GMA New Media, Inc. (NMI) has tied up with Singapore Media Exchange (SMX) Pte. Ltd., a joint venture firm established by two Singapore media groups, to help GMA expand its audience worldwide.
Sta Lucia Land, Inc. (SLI) said its board has approved the purchase of LBS Properties Inc.’s stake in Uni-Asia Properties, Inc., thereby gaining access to the latter’s development projects.
BDO Unibank, Inc. said it completed the sale of a minority stake in its rural banking unit to a Singapore investment firm.
THE peso plunged further against the dollar on Friday to its seven-week low, as market participants responded to the 200-basis-point reduction in the reserve requirement ratio (RRR) for big banks.
THE PHILIPPINE STOCK EXCHANGE index (PSEi) snapped a five-day losing streak on Friday, with the financial sectoral index gaining the most a day after the Bangko Sentral ng Pilipinas (BSP) announced a 200 basis point phased cut to big banks’ 18% reserve requirements ratio (RRR).
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FRESH from slashing benchmark interest rates just a week ago by 25 basis points in the face of easing inflation and slowing economic growth, the Bangko Sentral ng Pilipinas (BSP) on Thursday fired off a 200-basis-point (bp) phased reduction in big banks’ reserve requirement ratio (RRR).
THE PHILIPPINES raised 2.5 billion renminbi ($363.3 million) from its second sale of so-called “panda” bonds that saw strong demand from investors, the Treasury bureau and the Bank of China, sole underwriter for the exercise, announced in separate statements.
THE SAME SIX local firms made it to the latest Forbes Global 2000 list of the world’s biggest, most powerful and most valuable public companies.
EARNINGS of Filinvest Development Corp. (FDC) surged 61% in the first quarter of 2019, following the strong performance of its property, banking, and power businesses.
DMCI Holdings, Inc. saw its attributable profit decline by a fourth in the first three months of 2019, weighed down by lower earnings from Semirara Mining and Power Corp. (SMPC).
MEGAWIDE Construction Corp.’s net income plunged 50% in the first quarter amid a drop in construction contract revenues.
THE Department of Trade and Industry (DTI) expects San Miguel Corp.’s (SMC)acquisition of a majority stake in Holcim Philippines, Inc. to result in lower prices of locally produced cement.
FOR MANY the 1980s were a decade when people could be themselves, from fashion to culture to music — especially the music. As singer Jett Pangan of rock band The Dawn described, the sounds of the decade had “a nice diversity” and “innocence.”
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PROPERTY companies reported higher profits for the first three months of 2019, driven by sustained sales of residential condominiums and higher rental income.
ONLINE JOB recruitment site Monster.com said that half of Filipino professionals cite as a reason for searching for new jobs the struggle in juggling their careers with their obligations as parents.
“GAME!” This was the reply of Skarlet Brown — the artist previously known as Myra David-Ruaro — when Emelee Nicart, her successor as Put3Ska band vocalist asked if she was ready for the much-awaited reunion of the Philippines’ premier ska band at the Music Museum on May 24.
NESTLÉ Philippines, Inc. and Republic Cement and Building Materials, Inc. have entered into an agreement to co-process post-consumer plastic waste in the latter’s cement kilns.
DESPITE not having released a full-length album, Indie folk pop band Ben&Ben has taken streaming sites and the airwaves by storm with a succession of hit singles since 2017 including “Maybe the Night” and “Kathang Isip.”
ROBINSONS BANK Corp. is set to raise P10 billion in peso-denominated corporate bonds to support its lending growth, eyeing to issue the first tranche within three months.
PHINMA Energy Corp. has signed on Thursday an agreement to acquire the stake of two affiliate firms in the former’s subsidiary Phinma Petroleum and Geothermal, Inc. (PPG), the listed companies told the stock exchange yesterday.
ABOITIZ Construction, Inc. (ACI) expects to generate about 4,000 jobs this year as it pursues more big-ticket logistics and infrastructure projects.
YET ANOTHER Lamberto Avellana film on Mike de Leon’s Citizen Jake vimeo site, this one arguably his most famous: Anak Dalita, or Child of Sorrow (1956).
CHINA’S BOND TRADERS are throwing away the script this year as the central bank repeatedly tweaks policy to keep up with shifts in the economy.
XURPAS, INC. trimmed its losses in the first quarter as it boosted its enterprise business and recorded lower costs and expenses during the three-month period.
THE DEPARTMENT of Labor and Employment (DoLE) said it has developed a new marketing platform for entrepreneurs from the informal sector seeking to promote their goods.
6 films to see on the week of May 17 — May 23, 2019
NEW YORK — Strong US economic growth and subdued inflation mean there is no strong argument for a rate hike or cut right now, though business confidence is fragile, a Federal Reserve policy maker said on Wednesday.
SHANGHAI -- For over six years Qi Yaqian was a proud member of China’s so-called 996 tech tribe, working nights and weekends at Nuomi, a group deals website.
THE listed companies led by Dennis A. Uy refuted reports circulating in social media that the Davao City businessman allegedly had a stake in a company with ties to Smartmatic, the group behind the electronic voting system used in the May 13 midterm elections.
EMERGING bands and budding young artists gather as De La Salle-College of Saint Benilde (DLS-CSB) celebrates its 30th year with the first Benilde Music and Arts Festival: Best of Benilde @ 30 on May 18 to 24 at the College’s School of Design and Arts (SDA) Campus.
TOKYO — Bank of Japan (BoJ) Deputy Governor Masazumi Wakatabe said he saw the benefits of ultra-loose monetary policy still outweighing the costs, signalling his preference for maintaining a massive stimulus program to prop up inflation to the central bank’s target.
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