SEC goes after religious group operating scam
THE Securities and Exchange Commission (SEC) obtained a freeze order on several bank accounts and assets of Kapa-Community Ministry International, Inc. (KAPA), which it described as operating one of the biggest investment scams in the country.
Bulls beware:The 2020 oil market is quickly turning ugly
OIL BULLS thought 2020 would be their year.
More economic measures pushed
THE 17TH CONGRESS, which closed its third and last regular session on Tuesday, passed an “acceptable” number of laws, key officials of business chambers said, but noted the lack of measures on economic liberalization.
SSS hires fund managers for P7B in investments
THE Social Security System (SSS) has hired local fund managers to manage P7 billion of its Investment Reserve Fund (IRF) over two years to boost its financial standing, it said in a statement over the weekend.
DICT hopes to give Mislatel permit to operate this month
THE Department of Information and Communications Technology (DICT) said it is targeting to award the Mislatel consortium with its frequencies and permit to operate by the end of this month, as the incoming third telecommunications player expects to begin operations by 2020.
G20 finance chiefs to say trade row ‘intensified’
FUKUOKA, JAPAN -- Group of 20 finance leaders said on Sunday that trade and geopolitical tensions have “intensified” but failed to express a pressing need to resolve them, in a final draft communique that said global growth is likely to pick up.
BSP chief ‘cautiously optimistic’ on Philippine economy
BANGKO SENTRAL ng Pilipinas (BSP) Governor Benjamin E. Diokno is “cautiously optimistic about the current state of the Philippine economy,” amid lingering global headwinds.
PHL dollar reserves climb for 7th straight month
GROSS international reserves (GIR) climbed for the seventh straight month in May, the central bank said on Friday.
Q1 FDI pledges grow more than threefold
FOREIGN direct investment (FDI) commitments grew more than threefold last quarter, the Philippine Statistics Authority (PSA) reported on Thursday.
Meralco bills drop for 2nd month in June
CUSTOMERS of Manila Electric Co. (Meralco) should see lower bills for the second straight month in June, the utility announced on Thursday, citing a lower generation charge for power purchased in May.
Tourism contribution to national output biggest since at least 2012
THE TOURISM INDUSTRY’s contribution to the economy grew in 2018, according to data which the Philippine Statistics Authority (PSA) released on Thursday.
IMF chief warns US-China spat to slash 2020 global growth
WASHINGTON -- The International Monetary Fund (IMF) does not see the threat of a global recession brought on by a widening US-China trade war and potential US tariffs on Mexican goods and autos, IMF Managing Director Christine Lagarde said on Wednesday.