PSE’s terms for PDS sale keep changing, Finance dep’t complains
THE GOVERNMENT said the Philippine Stock Exchange (PSE) is imposing constantly changing conditions for signing the agreement to sell its 20% stake in the Philippine Dealing System (PDS), a fixed-income exchange, thereby slowing the deal’s completion.
No letup for bitcoin as biggest cryptocurrency extends collapse
Bitcoin extended losses, bringing its four-session slide to as much as 20%, as questions mount about whether the world’s biggest cryptocurrency was manipulated during...
US Federal Reserve raises key interest rate to 1.75-2%
Washington -- The US Federal Reserve raised the benchmark lending rate on Wednesday, the second increase of the year, and signaled two more hikes...
Central bank faces ‘complex’ policy environment
THE MONETARY BOARD (MB) is gearing up for an earlier rate-setting meeting next week as it faces a “fairly complex” mix of faster inflation, a weakening peso and robust economic growth.
Asia central banks juggling risks find solace in food
ASIAN central bankers grappling with wobbly markets, higher energy costs and simmering trade tensions are getting relief from an old foe: food prices.
Electronics firms brace for higher tax cost
ELECTRONICS companies in the country -- a key driver of merchandise exports -- are bracing for bigger costs once planned changes to current fiscal incentives are implemented.
Tanduay overtakes Bacardi as world’s best-selling rum brand
SALES of Tanduay rum in Visayas and Mindanao fueled Tanduay Distillers, Inc. (TDI)’s performance in 2017, allowing it to overtake international brand Bacardi in a world ranking of top-selling rum brands by think tank Drinks International.
PLDT expects growth in 2018 revenues, profit
PLDT, Inc. Chairman, President and CEO Manuel V. Pangilinan on Wednesday expressed confidence the telecommunications giant will “return to growth” in both revenues and profit this year.
Toyota to invest $1 billion in Grab
SINGAPORE — Toyota Motor Corp. has agreed to invest $1 billion in Southeast Asian ride-hailing firm Grab as a lead investor in the company’s ongoing financing round, which was launched after it bought the regional business of Uber Technologies, Inc.
Gov’t partially awards seven-year bonds
THE GOVERNMENT made a partial award of reissued seven-year Treasury bonds (T-bonds) on Tuesday even as the rate inched higher as concerns on inflation lingered ahead of the policy meeting of the US central bank.
TDF demand softens
TERM DEPOSITS offered by the central bank saw softer demand this week ahead of the settlement of the government’s latest offering of retail bonds.
UnionBank eyeing to make more branches ‘fully digital’ within the year
UNIONBANK of the Philippines is set to convert more branches into “fully digital” offices this year amid its push to digitize its processes and services.