Maynilad waives rate increase for metro customers next year
MAYNILAD Water Services, Inc. on Tuesday said it won’t increase rates next year to help ease the economic burden felt by its customers amid a coronavirus pandemic.
Coronavirus pandemic pushes millennials to home ownership
MAE E. DIZON (not her real name), 24, bought a P2-million house and lot in Cavite province at the height of the coronavirus pandemic in June as an investment after getting a hefty performance bonus from her company.
PSE short selling rules out by Q1
THE Philippine Stock Exchange, Inc. (PSE) is targeting to implement short selling and new listing rules by early next year to help drive up activity in the local market.
Typhoon Rolly leaves P1.75B in agri damage
TYPHOON ROLLY damaged crops worth P1.17 billion, mainly rice, across several regions, according to an initial estimate by the Agriculture department on Monday.
Korea grants $100-M loan for PHL pandemic response
THE South Korean government on Monday said it has extended a $100-million (P4.84-billion) loan to the Philippines to boost its war chest against the coronavirus disease (COVID-19) pandemic.
Inflation seen slightly faster in Oct.
INFLATION may have slightly picked up in October due to a rise in food prices and transport costs, as well as the impact of base effects.
Foreign businessmen want concrete results from corruption probe
FOREIGN business groups are hoping to see concrete results from the Duterte administration’s new crackdown against corruption to increase investor confidence in the country.
Japan approves technical aid for four PHL infrastructure projects
THE Japanese government has approved ¥3.1 billion (P1.44 billion) worth of technical assistance for four infrastructure projects in the Philippines as it reaffirms its commitment to support the administration’s “Build, Build, Build” program.
October inflation likely at 2.3% — central bank
The rise in consumer prices is expected to fall within 1.9% to 2.7% this month as lower fuel prices and water rates temper rising...
Filipinos to spend more in 2021
Filipinos are expected to spend more next year especially on recreation amid government stimulus measures for sectors badly hit by the coronavirus pandemic,...
BSP raises P70B in 28-day bills
By Beatrice M. Laforga, Reporter
The Philippine central bank raised P70 billion in short-term securities on Friday due to strong liquidity.
The Bangko Sentral ng Pilipinas...
‘Hot money’ flees for 7th straight month
“HOT MONEY” continued to exit the Philippines for the seventh straight month in September, as investors worried over the extension of some lockdown restrictions due to the rise in coronavirus disease 2019 (COVID-19) infections.