Fed signals confidence

WASHINGTON -- The Federal Reserve kept interest rates unchanged on Wednesday and said it expected to start winding down its massive holdings of bonds...

Hunger level lowest since March 2004

By Ian Nicolas P. Cigaral Reporter THE PROPORTION of families who suffered hunger at least once in the last three months fell to single-digit level for...

Fitch sees Philippine GDP growth staying above 6%

THE PHILIPPINES can be expected to keep growing faster than six percent over the next five years, Fitch Ratings said, noting that strong economic...

Casinos’ inclusion in dirty-money surveillance alone not enough to keep PHL out of blacklist

By Melissa Luz T. Lopez Senior Reporter THE RECENT INCLUSION of casinos under the watch of the Anti-Money Laundering Council (AMLC) does not automatically assure that...

Gov’t told to pay Maynilad for losses

By Victor V. Saulon Sub-Editor AN ARBITRAL TRIBUNAL has ordered the Philippine government to reimburse Maynilad Water Services, Inc. at least P3.4 billion for losses incurred...

Start-ups find Asia ‘a great place to grow’ in

By Krista A. M. Montealegre National Correspondent YOUNG ENTREPRENEURS are pushing the boundaries of innovation and bringing down cultural barriers to feed a vibrant start-up scene...

Philippines buys 250,000 tons of rice to boost stockpiles

THE NATIONAL FOOD AUTHORITY (NFA) purchased 250,000 metric tons (MT) of rice in a tender yesterday from suppliers in Vietnam, Thailand and Singapore, as...

SONA pushes select bills, warns miners

By Ian Nicolas P. Cigaral Reporter PRESIDENT Rodrigo R. Duterte yesterday asked courts not to block development projects and pressed the Senate to approve the first...

IMF to check PHL economic health as it raises SE Asia growth outlook

By Maria Eloisa I. Calderon Editor-at-Large KUALA LUMPUR -- A team from the International Monetary Fund (IMF) is visiting the Philippines this week for an annual...

Fiscal gap pierces cap as spending sustains rise

By Elijah Joseph C. Tubayan Reporter THE COUNTRY’s fiscal deficit widened to breach its programmed ceiling in June and last semester, as state spending sustained its...

Business watches SONA for reform tack

By Ian Nicolas P. Cigaral Reporter THE COUNTRY’s business community will be glued to President Rodrigo R. Duterte’s second State of the Nation Address (SONA) today...

Chelsea Logistics kicks off IPO on strong note

By Krista Angela M. Montealegre National Correspondent CHELSEA LOGISTICS Corp. (CLC) kicks off the offer period for its P5.8-billion initial public offering (IPO) today with strong...