Proclamation for winning Senate bets, party-list groups possible by Sunday
BOTH the 12 leading candidates in the senatorial race and the leading party-list groups may be proclaimed by Sunday, the Commission on Elections (Comelec) said Friday.
Human Rights Watch urges accountability on ex-PNP chief winning Senate race
ADVOCACY group Human Rights Watch (HRW) on Friday called for a winning senatorial candidate to be held accountable for his leading role in President Rodrigo R. Duterte’s drug war.
Puno accepts dismissal, maintains ‘honesty’ in FDA tenure
DISMISSED Food and Drug Administration (FDA) Director-General Nela Charade G. Puno said she accepts her dismissal by President Rodrigo R. Duterte but maintained that she is “clueless” about the allegations of corruption against her.
Healthcare funding gap must be plugged by more sin taxes — DoF
THE Department of Finance projects the Universal Healthcare (UHC) Act to have a total funding gap of P426 billion in the first four years of implementation if a fresh tax increase on tobacco and alcoholic beverages is not passed.
Iloilo’s MORE to source power supply from KEPCO’s Cebu plant
MORE Electric and Power Corp. (MORE Power) has signed an interim power supply agreement for 5 megawatts (MW) with KEPCO SPC Power Corp. (KSPC), helping ensure stable electricity in Iloilo City for the one-year term of the contract.
GMA unit signs partnership with Singapore Press Holdings/Mediacorp JV
GMA New Media, Inc. (NMI) has tied up with Singapore Media Exchange (SMX) Pte. Ltd., a joint venture firm established by two Singapore media groups, to help GMA expand its audience worldwide.
Sta. Lucia Land buys stake in Uni-Asia for over P40-M
Sta Lucia Land, Inc. (SLI) said its board has approved the purchase of LBS Properties Inc.’s stake in Uni-Asia Properties, Inc., thereby gaining access to the latter’s development projects.
BDO completes sale of 15% stake in rural bank unit ONB
BDO Unibank, Inc. said it completed the sale of a minority stake in its rural banking unit to a Singapore investment firm.
Peso closes at over seven-week low after RRR cuts
THE peso plunged further against the dollar on Friday to its seven-week low, as market participants responded to the 200-basis-point reduction in the reserve requirement ratio (RRR) for big banks.
PSEi caps five days of losses after BSP’s RRR cut announcement
THE PHILIPPINE STOCK EXCHANGE index (PSEi) snapped a five-day losing streak on Friday, with the financial sectoral index gaining the most a day after the Bangko Sentral ng Pilipinas (BSP) announced a 200 basis point phased cut to big banks’ 18% reserve requirements ratio (RRR).
BSP cuts big banks’ reserve requirement
FRESH from slashing benchmark interest rates just a week ago by 25 basis points in the face of easing inflation and slowing economic growth, the Bangko Sentral ng Pilipinas (BSP) on Thursday fired off a 200-basis-point (bp) phased reduction in big banks’ reserve requirement ratio (RRR).
PHL raises $363.3M from ‘panda’ bond sale
THE PHILIPPINES raised 2.5 billion renminbi ($363.3 million) from its second sale of so-called “panda” bonds that saw strong demand from investors, the Treasury bureau and the Bank of China, sole underwriter for the exercise, announced in separate statements.