TUCP files P320 wage hike petition for Metro Manila
THE Trade Union Congress of the Philippines (TUCP) filed a petition with the National Capital Region (NCR) Regional Wages and Productivity Board for a P320 across-the-board wage increase for workers in the private sector.
W. Visayas wage hike to be delayed in Boracay, rest of Aklan
ILOILO CITY -- The wage increase ordered for the Western Visayas region, or Region VI, will be implemented at a later date in Aklan province in consideration of the temporary closure of the resort island of Boracay.
BPI looks to ramp up digitalization efforts
BANK OF THE Philippine Islands (BPI) is ramping up efforts to digitize its processes and services to support rapid growth and promote financial inclusion.
Electronics industry expects to hit $50-B export level by 2030
THE Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) said its industry road map sets a 6% annual export growth target which will help it achieve its $50 billion target for export sales by 2030.
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.