Finance chief says another lease deal up for review
FINANCE Secretary Carlos G. Dominguez III flagged on Thursday another lease contract that will be up for review, adding to the list of agreements between the state and the private sector that the government found to be disadvantageous.
At least two lenders looking to set up PHL Islamic banking units
TWO TO THREE banks have expressed interest to set up an Islamic banking unit in the country, according to Bangko Sentral ng Pilipinas Managing Director Arifa A. Ala.
Petrobras workers call strike from Saturday; company says it is illegal
SAO PAULO -- Workers at Brazilian oil company Petrobras approved a plan to go on strike from Saturday, protesting a plan by the state-controlled firm to close a fertilizer plant and fire its 396 workers.
LANDBANK income grows 20% to P18.51 billion
LAND BANK of the Philippines (LANDBANK) saw its net profit grow by double digits last year, with assets breaching the two-trillion mark.
BPI books higher net earnings in 2019
BANK OF THE Philippine Islands (BPI) booked double-digit growth in its earnings in 2019 backed by bigger revenues.
June seen as crunch time for power industry demand
POWER DEMAND in 2020 is expected to peak in June at around 14,191 megawatts (MW), reflecting heavy usage towards the tail end of the dry season, the Independent Electricity Market Operator of the Philippines, Inc. (IEMOP) said.
Palace in possession of UP-ALI contract, poised to start review
THE President’s Legal Counsel Salvador S. Panelo said that the Palace is now in a position to review the Technohub land development deal between the University of the Philippines (UP) and Ayala Land, Inc. (ALI) after obtaining copies of the contract.
Tax effort best in two decades amid crackdown on tax evasion, smuggling
FINANCE SECRETARY Carlos G. Dominguez III said tax revenue as a share of the economy in 2019 rose to 15.1% from 14.7% a year earlier, which he called the highest rate in over two decades.
ONE: Fire & Fury unleashed
ONE Championship’s first live event in the Philippines for 2020 happens today with “ONE: Fire & Fury” at the Mall of Asia Arena.
Kenin breaks Australian hearts, faces Spain’s Muguruza in final
MELBOURNE -- Sofia Kenin sent world number one Ash Barty spinning out of the Melbourne Park semifinals 7-6(6) 7-5 on Thursday, crushing Australian hopes...
Qatar Airways officially a Philippine Football League title sponsor
AFTER a long wait, Qatar Airways was finally introduced as official title sponsor of the Philippines Football League (PFL).
PSE index drops to 7,300 level as virus spreads
THE MAIN INDEX fell to the 7,300 level on its fourth consecutive day of decline on Thursday as investor worries on the novel coronavirus continued to drag the local market.