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Stocks slide on Wall Street, extending steep drops New! 2020-02-26 17:32:48Major U.S. stock indexes gave up early gains and closed mostly lower Wednesday, extending the market’s heavy losses for the week. The benchmark

Last mile: Honda workers fight for a dignified New! 2020-02-26 16:34:16Christopher Oliquino has been working in Honda’s car assembly plant  at Santa Rosa City in Laguna province for 25 years since he graduated

Stocks post biggest one-day drop in 4 years New! 2020-02-26 16:30:33The local stock market tumbled on Wednesday, sinking deeper into bear territory as an unabated COVID-19 contagion caused a bloodbath across glo­ba

COVID-19 to cut Q1 growth New! 2020-02-26 16:24:21The COVID-19 outbreak would hinder the Philippine economy from growing to its full potential during the first quarter as tourist arrivals—especi

Cigarette tax take up 8% to P147.5B in New! 2020-02-26 16:22:03Cigarette excise collections in­­creased 8 percent to P147.5 billion in 2019 on the back of higher rates slapped under the Tax Reform for Acce

BSP tightens capital rules to protect small banks New! 2020-02-26 16:20:26The Bangko Sentral ng Pilipinas (BSP) on Wednesday announced an improved policy for measuring the capital le­vels for some of the country’s

Unionbank makes P6.8B from fresh debt note offer New! 2020-02-26 16:18:40Aboitiz-led Union Bank of the Philippines has raised P6.8 billion from its fresh issuance of debt notes qualifying as tier 2 capital, proceeds from wh

MPIC going into ‘less risky’ ventures New! 2020-02-26 16:16:46As water concessionaire Maynilad Water Services Inc. grapples with hostile regulators, Manuel V. Pangilinan-led infrastructure firm Metro Pacific Inve

Tradeoffs and sacrifices New! 2020-02-26 16:14:58We are making too many products,” says Tom (not his real name), 32, the third-generation finance head of a family business, which manufactures b

Dito to tap alternative raw materials suppliers to New! 2020-02-26 16:12:58China Telecom-backed Dito Telecommunity, the country’s newest telco player, is planning to mitigate further delays in its network rollout as the

MGen’s solar power projects facing delays New! 2020-02-26 16:10:04Two solar power projects with a combined generating capacity of 135 megawatts that Meralco PowerGen Corp. (MGen) is building have hit a snag, with sup

Stocks sink, bonds soar on fears virus will 2020-02-25 17:39:36Stocks slumped again on Wall Street Tuesday, piling on losses a day after the market’s biggest drop in two years as fears spread that the growin

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Final draft of common tower policy out next New! 2020-02-26 11:00:00The government is seeking to strike a balance in the crafting of the country’s first ever common tower policy due to opposing views.

COVID-19 to impact on Philippines growth — Capital New! 2020-02-26 11:00:00Despite being relatively insulated from the effects of the coronavirus disease 2019, the Philippines will likely see slower economic growth in the fir

BSP hikes capital standards for small, mid-sized banks New! 2020-02-26 11:00:00The Bangko Sentral ng Pilipinas has enhanced the capital adequacy standards for mid-sized and small banks to ensure sufficient buffer for possible los

We’re facing an economic pandemic New! 2020-02-26 11:00:00In October 1347, a ship returning from China sailed into the Sicilian port of Messina, with most of its crew dead after succumbing to a mysterious dis

Term deposit rates ease further New! 2020-02-26 11:00:00Term deposit rates eased across the board anew, as investors anticipate more interest rate cuts amid the impact of the coronavirus disease-2019, accor

MGen projects delayed as deliveries from China hit New! 2020-02-26 11:00:00Projects of Meralco Powergen Corp, the power generating unit of Manila Electric Co., are encountering delays due to the coronavirus epidemic.

Pandemic fears jolt global markets; PSEi falls below New! 2020-02-26 11:00:00Global markets took a beating yesterday as fears escalated that the coronavirus disease 2019 outbreak would worsen into a global pandemic.

Goodbye China, hello Japan New! 2020-02-26 11:00:00With uncertainties threatening China’s – and the world’s – economy resulting from the still raging COVID-19 virus, the Duterte

House wants BBB fast-tracked to mitigate effects of New! 2020-02-26 11:00:00House leaders yesterday called on the executive branch to expedite infrastructure projects to help cushion the impact of coronavirus disease 2019 on t

Union Bank notes issue raises P6.8 billion New! 2020-02-26 11:00:00Aboitiz-led Union Bank of the Philippines raised P6.8 billion from its return to the domestic debt market to diversify its funding sources and finance

Meralco launch CSP for 1,200 megawatt greenfield capacity 2020-02-25 11:00:00Manila Electric Co. will launch its competitive selection process for the 1,200-megawatt (MW) greenfield capacity next month.

BSP extends relief to banks affected by COVID-19, 2020-02-25 11:00:00The Bangko Sentral ng Pilipinas is extending regulatory relief to banks that have sustained losses due to exposure to borrowers, industries and sector

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Travel ban now includes tourists to South Korea New! 2020-02-26 12:02:00GOVERNMENT has imposed a ban on travel by Filipino tourists to South Korea as it also barred travelers from North Gyeongsang province of South Korea f

Palma: Repent, pray to defeat coronavirus New! 2020-02-26 11:56:00PRAY not only to repent; also pray to defeat the coronavirus disease 2019 (Covid-2019) and attain peace in the country.This was the message of Cebu Ar

Public urged not to disturb juvenile sharks in 2020-02-26 02:03:00THE Bureau of Fisheries and Aquatic Resources in Central Visayas (Bfar 7) has urged the public not to touch or disturb the sharks spotted in the coast

Mandaue City picked as CV pilot area 2020-02-25 23:00:00MANDAUE City has been chosen as Central Visayas’ pilot area for the National Simultaneous Earthquake Drill (NSED) for the first quarter of 2020.

Police warned to watch out for traps in 2020-02-25 21:36:00THE police were advised to be more vigilant in raiding marijuana plantations, after booby traps were discovered during a marijuana search operation in

Cebu City is in the heart 2020-02-25 10:19:00THE emperors in ancient times built cities as the centers of their empires. Some of these cities eventually fell when new powers emerged and built the

City of Naga mayor ‘to retire’ in March 2020-02-25 08:03:00CITY of Naga, Cebu Mayor Valdemar Chiong formally tendered his resignation before Gov. Gwendolyn Garcia on Monday, Feb. 24, 2020.Chiong’s resign

Guv mulls over demolition of ‘unsafe’ Palace of 2020-02-24 11:07:00SAYING that the building “poses a risk” in the event of an earthquake, Cebu Gov. Gwendolyn Garcia is mulling over the demolition of the Ma

DFA: Delay trips to South Korea 2020-02-24 03:46:00THE Philippine government has advised Filipinos to delay travel plans to South Korea amid the rising number of coronavirus disease (Covid-19) cases i

LGUs ordered to draw up tricycle route plan 2020-02-20 11:59:00THE Department of the Interior and Local Government (DILG) has ordered local government units (LGUs) to each draft a tricycle route plan (TRP).The TRP

CBCP tells priests to sprinkle ashes on faithful’s 2020-02-20 10:45:00THE Filipino Catholics who plan to hear Mass on Wednesday, Feb. 26, 2020—the start of Lent—will leave the churches with their foreheads de

Cebu tourism badly hit by coronavirus scare 2020-02-20 01:09:00THE Mactan-Cebu International Airport (MCIA) has seen an average drop of 2,000 arriving international passengers daily as the travel sector continues

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MPIC shifts investments to ‘less risky’ businesses New! 2020-02-26 08:40:11Infrastructure conglomerate Metro Pacific Investments Corp. said it will divert its investments to less risky businesses such as warehousing, real est

Coronavirus-19 outbreak affects DITO tower rollout in PH New! 2020-02-26 08:30:10The outbreak of novel coronavirus disease 2019 in Hubei, China affected the rollout of cellular towers in the Philippines by third major player DITO T

Virus delays development of Meralco’s solar projects New! 2020-02-26 08:20:09MGEN Renewable Energy Inc., the renewable energy subsidiary of Meralco PowerGen Corp., said Wednesday its solar power projects are facing delays becau

BSP amends banks’ capital requirements New! 2020-02-26 08:10:08The Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas, said Wednesday it approved the enhanced capital adequacy standards for

Grab asks LTFRB to fill 65,000 slots as New! 2020-02-26 08:00:07Grab Philippines on Wednesday asked the Land Transportation Franchising and Regulatory to maximize the 65,000 transportation network vehicle service s

Market plunges to 15-month low New! 2020-02-26 07:50:06The stock market plummeted Wednesday along with the rest of Asia, with the coronavirus spreading rapidly around the world and health chiefs warning th

Wilcon Depot says 2019 net income up by New! 2020-02-26 07:40:05Wilcon Depot Inc., a leading home improvement and construction supply retailer, said net income rose 15.8 percent in 2019 to P2.12 billion from P1.83

Globe Telecom ready to introduce 5G service in New! 2020-02-26 07:30:04Globe Telecom Inc. said it is ready to roll out mobile 5G service after a successful fist-ever international 5G video call in the country with the 5G

Bangsamoro names 6 to fiscal policy body New! 2020-02-26 07:20:03The Bangsamoro government appointed six of its key executive and legislative officials as members of a fiscal policy body tasked to address imbalances

Microsoft, Temenos tie up with UnionBank New! 2020-02-26 07:10:02Union Bank of the Philippines, the eighth-largest lender in the country in terms of assets, has teamed up with Microsoft and Swiss software company Te

Udenna gets PCC approval to buy Chevron Malampaya 2020-02-25 08:30:14The Philippine Competition Commission approved the acquisition by Udenna Corp. of the entire shareholdings of Chevron Malampaya LLC, a wholly-owned su

DOTR expects Bulacan airport groundbreaking to push through 2020-02-25 08:20:13The Department of Transportation said the groundbreaking of the P734-billion New Manila International Airport in Bulacan province is pushing through,

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CAA clash: Decide on rescheduling Northeast Delhi board 2020-02-25 09:44:22Class X students are to appear for English exam on Wednesday, while class XII students have 'Web Application' and 'Media' paper

CAA violence: 10 killed, 150 injured; police denies 2020-02-25 09:32:17The meeting was attended by Delhi LG Anil Baijal, Chief Minister Arvind Kejriwal, Commissioner of Police Amulya Patnaik and others

Michael Miebach is Mastercard new CEO, Banga moves 2020-02-25 09:30:04Miebach will also get a seat on the board at the company, based in Purchase, New York.

SBI Cards & Payment IPO price band fixed 2020-02-25 09:24:18Promoters SBI and Carlyle Group will offload 3.73 crore shares and 9.32 shares respectively

Sebi mulls larger role for debenture trustees, proposes 2020-02-25 09:18:28Market regulator points out challenges in case of defaulting NBFCs

US, India now global strategic partners, to start 2020-02-25 09:09:15Trump confirmed that India's military signed contracts with Boeing and Lockheed Martin on Tuesday for the purchase of military helicopters

Sebi probe finds undisclosed related party transactions at 2020-02-25 08:37:14While the company said it has not received any communication from Sebi in this regard, shares plunged sharply in afternoon trade on Tuesday

Sebi proposes stricter framework for corporate bonds, debenture 2020-02-25 08:12:12Sebi has also suggested that NBFCs create charge on the identified assets for every bond issue

LIVE: If trade deal happens, it will be 2020-02-25 08:11:06Donald Trump and the First Lady Melania Trump were accorded a ceremonial welcome at the Rashtrapati Bhavan. Later, Trump along with First Lady Melania

Pension commutation under EPS implemented; move to benefit 2020-02-25 08:05:36With the ministry's latest decision, such pensioners would receive their full pension after completion of 15 years

Job creation in Dec 2019 falls marginally from 2020-02-25 07:24:41The report also showed that during the September 2017-December 2019 period, around 3.50 crore new subscribers joined the ESIC scheme

Ensure benefits of tech are available to everyone: 2020-02-25 06:34:53The India-born top executive also highlighted that developers should work with diverse teams, so that "unconscious biases" do not creep into the mod

Trading Economics

Philippines up to One Day Interbank Rate 2020-02-18 01:06:00Philippines up to One Day Interbank Rate increased to 3.66 percent on Tuesday February 18 from 3.47 percent in the previous trading day. Interbank Rat

Philippines Remittances 2020-02-16 23:11:00Remittances in Philippines increased to 2902000 USD Thousand in December from 2372398.50 USD Thousand in November of 2019. Remittances in Philippines

Philippines - Credit Rating 2020-02-15 19:00:00Standard & Poor's credit rating for Philippines stands at BBB+ with stable outlook. Moody's credit rating for Philippines was last set at Baa2 w

Philippines Personal Income Tax Rate 2020-02-13 10:56:00The Personal Income Tax Rate in Philippines stands at 35 percent. Personal Income Tax Rate in Philippines averaged 32.38 percent from 2004 until 2019,

Philippines Sales Tax Rate - VAT 2020-02-13 06:54:00The Sales Tax Rate in Philippines stands at 12 percent. Sales Tax Rate in Philippines averaged 11.87 percent from 2006 until 2020, reaching an all tim

Philippines Corporate Tax Rate 2020-02-12 11:18:00The Corporate Tax Rate in Philippines stands at 30 percent. Corporate Tax Rate in Philippines averaged 31.63 percent from 1997 until 2020, reaching an

Philippines Exports 2020-02-11 05:12:00Exports in Philippines increased to 5742289.74 USD Thousand in December from 5596481.56 USD Thousand in November of 2019. Exports in Philippines avera

Philippines Imports 2020-02-11 05:12:00Imports in Philippines decreased to 8219979.76 USD Thousand in December from 8938342.63 USD Thousand in November of 2019. Imports in Philippines avera

Philippines Balance of Trade 2020-02-11 03:17:00Philippines recorded a trade deficit of 2477690.01 USD Thousand in December of 2019. Balance of Trade in Philippines averaged -411922.68 USD Thousand

Philippines Foreign Direct Investment 2020-02-10 05:16:00Foreign Direct Investment in Philippines increased by 623 USD Million in November of 2019. Foreign Direct Investment in Philippines averaged 373.53 US

Philippines Overnight Lending Facility Rate 2020-02-08 05:19:00Lending Rate in Philippines decreased to 4.25 percent in February from 4.50 percent in January of 2020. Lending Rate in Philippines averaged 10.02 per

Philippines Interbank Loans 2020-02-08 05:17:00Loans To Banks in Philippines decreased to 225908.23 PHP Million in December from 253435.09 PHP Million in November of 2019. Loans To Banks in Philipp

Reuters: Business News

Toll Brothers says 11 home sales in California New! 2020-02-26 18:15:52Home builder Toll Brothers Inc said on Wednesday that the coronavirus outbreak in China had led to shortages of lighting fixtures and small appliance

A new calculator sheds light on high-flying U.S. New! 2020-02-26 18:04:07Common shares in many high-flying venture-backed startup companies are worth less than headlines lead some people to believe, and an online calculator

Microsoft expects Windows unit to miss revenue outlook New! 2020-02-26 17:23:18Microsoft Inc said on Wednesday it does not expect to meet its quarterly revenue forecast for its Windows and personal computing business as a result

Waymo joins backlash against California self-driving data requirement New! 2020-02-26 17:22:56Alphabet Inc's Waymo and General Motors Co's Cruise are leading a backlash against a California reporting requirement on self-driving vehicle test

Wall Street falls more slowly as investors parse New! 2020-02-26 16:54:36The S&P 500 fell for a fifth straight day on Wednesday and while its decline was slower than the last few days, the session was volatile as invest

NMC Health removes CEO amid investigation of UAE New! 2020-02-26 16:53:45NMC Health has removed Chief Executive Prasanth Manghat with immediate effect and granted its finance chief extended sick leave, as more details emer

Stocks, oil fall as coronavirus fears grip markets New! 2020-02-26 16:48:28Stocks and oil prices resumed their fall on Wednesday after authorities said more than 80 people were being monitored for the novel coronavirus in Ne

Senator Rubio seeks U.S. review of sale of New! 2020-02-26 16:40:35U.S. Senator Marco Rubio on Wednesday asked the Trump administration to review the national security implications of AT&T's Inc's planned sale o

U.S. stock exchanges say prepared for coronavirus New! 2020-02-26 16:05:11U.S. stock exchanges said on Wednesday they were watching coronavirus-related developments closely and had contingency plans in place to continue runn

Apple shareholders defeat proposal over Chinese app removal New! 2020-02-26 16:04:41Apple Inc's shareholders on Wednesday defeated a proposal critical of its removal of apps at the request of the Chinese government, but the proposal

Google defeats conservative nonprofit's YouTube censorship appeal New! 2020-02-26 15:57:22Google persuaded a federal appeals court on Wednesday to reject claims that YouTube illegally censors conservative content.

EU open to more spending in countries hit New! 2020-02-26 15:38:41Italy and other euro zone countries hit by the coronavirus outbreak are expected to benefit from waivers under EU fiscal rules that will allow them to

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