PAL hopeful of signing deal with strategic investor this year
DAVAO CITY — Flag carrier Philippine Airlines Inc. (PAL) is finalizing talks with a group of investors that would also help develop markets, according...
BIR slaps tax evasion raps vs six firms
THE BUREAU of Internal Revenue (BIR) filed separate tax evasion charges before the Justice departments against six firms on Friday ahead of the deadline...
SBMA extends free accreditation program
THE SUBIC BAY Metropolitan Authority (SBMA) is extending its free accreditation initiative for container-port business until the end of 2018.
In a statement released on...
PNB gets SGX approval for term note program
PHILIPPINE National Bank (PNB) has secured approval from the Singapore Stock Exchange (SGX) for the listing of its $1-billion medium-term note (MTN) issuance.
The Tan-led...
PSEi falls below 8,000 amid Middle East uncertainty
PHILIPPINE stocks slipped below 8,000 on Friday as investors kept remained cautious amid rising tensions in the Middle East.
The bellwether Philippine Stock Exchange index...
400 cops to be deployed in Boracay to prevent entry of tourists, petty crime
AT LEAST “400 policemen” will be deployed to Boracay “to prevent” local and foreign tourists from entering the island beginning April 26, incoming Philippine National...
Gov't to sue ride-sharing startup Arcade City if it fails to stop operations
By Janina C. Lim, Reporter
THE government has threatened to take legal action against ride-sharing startup Arcade City if it fails to halt operations and proceeds...
Peso climbs amid continued overseas tensions
THE PESO strengthened against the dollar on Friday on the back of a slightly weaker dollar amid continued geopolitical tensions abroad.
The local currency closed...
Japanese Navy destroyer arrives in Manila for goodwill visit
THE JS Akizuki, an Akizuki-class Destroyer from the Japan Maritime Self-Defense Force (JMSDF) arrived in Subic on Friday for a three-day goodwill visit until...
WB sees PHL sustaining growth pace
By Elijah Joseph C. Tubayan
Reporter
THE WORLD Bank sees the Philippines sustaining last year’s economic growth pace well into 2019, but said much depends on...
Higher tax continues to dampen demand for cars
AUTOMOBILE SALES fell for the third straight month in March as a higher tax rate that came into force in January continued to dampen...
IMF chief flags debt risk as ‘Belt and Road’ advances
BEIJING -- International Monetary Fund Managing Director Christine Lagarde said on Thursday that China’s Belt and Road initiative is showing signs of progress, but...