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.
NFA gives rice importers 1-week extension due to bad weather
THE National Food Authority (NFA) said it will give rice importers a one-week extension on the contracted arrival date of their shipments due to bad weather, but added that a substantial portion of the latest batch of imports has landed in various ports.
Gov’t universities sign on to terms of free tuition law
PRESIDENT Rodrigo R. Duterte on Wednesday witnessed the ceremonial signing of the memorandum of agreement (MoA) between the Commission on Higher Education (CHEd) and state and local universities and colleges, thereby launching the implementation of Republic Act 10931, which provides for free tuition at these schools.
Unregistered cigarette-making machinery seized in BIR raids
THE BUREAU of Internal Revenue (BIR) has seized unregistered cigarette-making machinery in various locations as part of a broader crackdown on tax evasion in the tobacco industry, the Department of Finance (DoF) said.
BSP looks at further easing of FX rules
WORK is under way for fresh easing of foreign exchange restrictions, with changes being prepared by the central bank meant to simplify the entry and withdrawal of investments.
Planned tax amnesty gaining ground in House Ways and Means committee
A TECHNICAL working group (TWG) of the House of Representatives’ Ways and Means committee hopes to finalize the general tax amnesty bill this week, before it is presented to the entire panel for approval when Congress resumes session late next month.
Property firm Revolution Precrafted expands to Ecuador’s mid-income market
REVOLUTION Precrafted Properties, Ltd. continues its global expansion with its entry into Ecuador, banking on the strong demand for housing in the middle-income segment in the country.
Okada estafa cases dropped for lack of probable cause
THE Office of the City Prosecutor of Parañaque City has dismissed for lack of probable cause the two separate estafa cases filed by Tiger Resort Leisure and Entertainment, Inc. (TRLEI) against Japanese gambling mogul Kazuo Okada and several other respondents.
iPrice projects steady growth for local operations
ONLINE shopping aggregator iPrice Group Sdn Bhd is bullish on its prospects in the Philippine market as demand for e-commerce in Southeast Asia continues to grow.
Seven-year T-bonds to fetch higher rates
YIELDS on reissued Treasury bonds (T-bonds) on offer today will likely pick up ahead of the policy meeting of the US Federal Reserve.
Allianz’s deal hunt keeps mart guessing
A $94-BILLION financial behemoth is keeping the market on tenterhooks about its next move.