BSP: August rate cut ‘quite likely’
THE Bangko Sentral ng Pilipinas (BSP) could possibly deliver another rate cut later this month, its top official said on Monday.
Gov’t to ask US to exempt PHL chip exports from tariffs
THE PHILIPPINE GOVERNMENT is seeking an exemption from US tariffs on select exports, particularly semiconductors, a move aimed at safeguarding one of the country’s...
FDI jumps 21% in May, down in first 5 months
NET INFLOWS of foreign direct investments (FDI) into the Philippines rose by 21.3% year on year in May but declined by 26.9% in the...
Recto says extending rice import suspension beyond October unlikely
THE PHILIPPINE government is unlikely to extend the 60-day suspension of rice imports after end of October, and has no plans to raise tariffs on rice, Finance Secretary Ralph G. Recto said on Monday.
JG Summit income surges to P10.7B on core business gains
JG SUMMIT Holdings, Inc. posted a 175% jump in second-quarter (Q2) net income to P10.7 billion, driven by strong performances in its airline, real...
AC Health eyes wider reach with Temasek-backed ABC Impact capital
INVESTMENT FIRM ABC Impact is acquiring around 16% of the Ayala group’s healthcare arm Ayala Healthcare Holdings, Inc. (AC Health) to support the latter’s...
Gov’t fully awards T-bills as rates drop on BSP policy easing hints
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it auctioned off on Monday as rates dropped across the board amid dovish...
Aboitiz, Yuchengco partner to expand TARI Estate in Tarlac
THE ABOITIZ Group’s Lima Land, Inc. is entering into a joint venture (JV) agreement with the Yuchengco group’s listed holding company House of Investments,...
Potential entry of Apple Pay, Google Pay to help propel digital payments growth
THE POTENTIAL ENTRY of Apple Pay and Google Pay into the Philippine market could further drive digital payments in the country, according to industry...
3 films enter 73rd FAMAS awards with 10 noms each
THE Filipino Academy of Movie Arts and Sciences (FAMAS) announced the nominees for the 73rd FAMAS Awards on Aug. 10 through its official Facebook...
Manila Water expects to complete Wawa project takeover by Sept.
EAST ZONE concessionaire Manila Water Co., Inc. expects to complete the takeover of the Wawa Bulk Water Supply from its parent company, Prime Infrastructure...
Hyun Bin on travel and acting
KOREAN actor Hyun Bin (real name: Kim Tae-pyung) made it a point to honor his Filipino fans at a press conference and fan meet...