BSP sets minimum liquidity ratio for small lenders
By Melissa Luz T. Lopez, Senior Reporter
THE CENTRAL BANK will impose liquidity standards on small banks by 2019, parallel to a measure imposed on...
Melco revenues up 15.7%
THE developer of City of Dreams Manila grew its revenues by 15.7% in the fourth quarter of 2017, supported by the generally strong performance...
Authorities raid another factory that makes fake Mighty cigarettes
By Melissa Luz T. Lopez, Senior Reporter
AUTHORITIES raided another factory in Bulacan that made counterfeit cigarettes carrying the Mighty brand, the country’s Finance chief...
China Bank net profit up 15%
CHINA BANKING Corp. (China Bank) saw its net income grow in 2017 on the back of sustained growth in its core and fee-based businesses.
In...
Duterte appoints 15 new officials
Malacañang on Friday announced President Rodrigo R. Duterte’s 15 new appointees.
Mr. Duterte signed the appointment papers of the following officials this week:
Eduardo V. Bringas,...
PAL earns 4-star rating from Skytrax
FLAGSHIP carrier Philippine Airlines (PAL) has been certified as a four-star airline by international air transport rating organization Skytrax.
The four-star rating means that the...
Gov’t to hire foreign experts to examine bodies of Dengvaxia victims
THE government will hire foreign experts to examine the bodies of children who allegedly died due to Dengavaxia, President Rodrigo R. Duterte said.
Presidential Spokesperson...
Tax collections in 2017 highest in 11 years
By Melissa Luz T. Lopez, Senior Reporter
TOTAL TAX collections in 2017 accounted for 14.3% of the Philippine economy to log the highest in over...
Pag-IBIG Fund posts record high loans, earnings
STATE-OWNED Home Development Mutual Fund, also known as Pag-IBIG Fund, booked record-high home loan disbursements and earnings in 2017, it said on Friday.
In a...
Drop in cement prices lead to Cemex earnings fall
EARNINGS of Cemex Holdings Philippines, Inc. (CHP) were cut by more than half in 2017, as higher cement volumes sold for the period failed...
DoTr, Bombardier sign deal to buy signaling equipment for MRT3
THE Department of Transportation on Friday signed a memorandum of agreement (MOU) with Canadian company Bombardier Transportation for the procurement of an original equipment...
Gov’t cites benefits from removal of QR on rice imports
MAJORITY of Filipinos are expected to benefit from lower retail prices of rice should the agricultural tariffication law be amended, the National Economic and...