SEC advises against investing in Boss Network
The Securities and Exchange Commission (SEC) warned the public about dealing with Building our Success Stories Network, Inc. (Boss Network), saying that while the...
Taiwanese electronics firm eyes Philippines as manufacturing hub
Taiwan-based firm New Kinpo Group (NKG) is positioning the Philippines as its next main manufacturing hub in Southeast Asia, while preparing its local unit...
GSIS extends deadline for old pensioners to reactivate their status
The Government Service Insurance System (GSIS) has extended its deadline for its old pensioners to comply with the Annual Pensioners' Information Revalidation (APIR) requirement.
In...
China Bank raises P10.25 billion from LTNCD issuance
China Banking Corp. (China Bank) raised P10.25 billion from its long-term negotiable certificates of deposit (LTNCD), which it wants to use to stabilize its...
DBM chief warns of SC ruling’s fiscal risk
THE GOVERNMENT’S fiscal position may be at risk from the Supreme Court (SC) ruling that local governments’ share in state revenues includes all national government taxes, not just those collected by the Bureau of Internal Revenue (BIR), Budget Secretary Benjamin “Ben” E. Diokno said on Wednesday.
BSP check shows most Filipinos unbanked
MAJORITY of Filipinos still did not have bank accounts as of 2017 due to lack of funds to meet required minimum balances, a study of the Bangko Sentral ng Pilipinas (BSP) showed.
Philippines ‘below average’ in regional innovation ranking
THE PHILIPPINES’ rank in terms of innovation was unchanged from a year ago, despite “high scores” in business environment, education and information and communications technology (ICT), according to an annual report of the Cornell University, INSEAD and the World Intellectual Property Organization (WIPO).
CIC expects single-digit growth amid challenges
CONCEPCION Industrial Corp. (CIC) is looking at a single-digit growth in both earnings and revenues for the year, calling 2018 an “even more challenging year than 2017” due to inflationary pressures and the weakening peso.
LANDBANK: 43% of PDS shareholders accept offer
THE LAND BANK of the Philippines (LANDBANK) said shareholders representing 43% of the fixed-income bourse have accepted its offer to buy their shares, with the share purchase agreement (SPA) expected to be signed this week.
Grab: P2 per minute charge is legal
GRAB Philippines maintained that its P2 per minute waiting time charge was legal, saying it will study its legal options regarding the Land Transportation Franchising and Regulatory Board (LTFRB) order that slapped a P10-million fine on the company for allegedly overcharging passengers.
Yields on BSP’s term deposits inch lower
YIELDS on term deposits inched lower yesterday as market players swarmed the central bank’s offering with overwhelming bids across all tenors.
Credit Information Corp. not keen on naming more accessing entities
STATE-RUN Credit Information Corp. (CIC) is reluctant to accredit more credit bureaus as Filipinos’ access to formal lending institutions remains low.