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LGU collections improve in Q3

Local government units showed improvements in their fiscal performance, collecting P204.09 billion in revenues in the first nine months of 2019, the DRead More

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Stock market rout deepens on virus worries; indexes New! 2020-02-27 17:34:43The Dow Jones Industrial Average sank nearly 1,200 points Thursday, deepening a weeklong global market rout caused by worries that the coronavirus out

Budget gap swelled to P660.2B in ’19 New! 2020-02-27 16:34:45The government last year spent more on public goods and services than it ought to even as tax and nontax collections fell slightly short of target, re

Delaying gratification: Why another policy rate cut can New! 2020-02-27 16:30:52The only real mistake is one from which we learn no­thing.” –Henry Ford In 2018, the Philippines learned some hard lessons when inflat

ADB doubles funds for measures vs COVID-19 New! 2020-02-27 16:26:33Two multilateral lenders based in Asia have stepped up financial support to their member-countries in response to the COVID-19 outbreak in and out of

Think tank: COVID-19 to put strain on PH New! 2020-02-27 16:24:28With the COVID-19 outbreak weighing down on the economic expansion not only in China but also the rest of the world, UK-based Oxford Economics has dow

Tax hikes increase price burden on the poor New! 2020-02-27 16:22:21Tax hikes implemented at the start of the year jacked up prices of food, oil and sin products, resulting in a six-month high inflation rate among poor

BSP chief: Sustained reforms to shield PH from New! 2020-02-27 16:20:32The effects of the protracted trade tensions between the United States and China on the Philippine economy will be minimal, but crucial reforms are ne

PSE suffered 5.8% drop in 2019 bottom line New! 2020-02-27 16:18:14A string of global and domestic headwinds curbed listing and trading activities at the Philippine Stock Exchange (PSE) in 2019, gnawing on the profita

PSEi recoups part of Wednesday losses but remains New! 2020-02-27 16:16:59After the previous day’s bloodbath, the local stock barometer rebounded on Thursday but shied away from the 7,000 level. The main-share Philippi

BDO 2019 profit exceeds target New! 2020-02-27 16:14:37The country’s largest lender, BDO Unibank Inc., posted a record high net profit of P44.2 billion last year, beating its full-year target and pos

Stuck with old machines, farmers await gov’t help New! 2020-02-27 16:12:00Filipino palay farmers have yet to receive any equipment or machinery promised under the rice competitiveness enhancement fund (RCEF), a year after li

Stocks slide on Wall Street, extending steep drops 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

philstar.com - Business

Farmers dispute government claims on huge drop in 2020-02-27 11:00:00Local farmers refuted the government’s claim that the rice tariffication law was the reason behind the significant drop in rice prices.

Domestic trade slows sharply in Q4 2020-02-27 11:00:00Domestic trade slowed in both volume and value in the fourth quarter of 2019, the Philippine Statistics Authority reported yesterday.

NEA chief refutes NASECORE over abuse of power 2020-02-27 11:00:00National Electrification Administration administrator Edgardo Masongsong has refuted claims by the National Association of Electricity Consumers for

DTI taps Walter Mart for Go Lokal! Stores 2020-02-27 11:00:00The Department of Trade and Industry has partnered with Walter Mart Supermarket Inc. for the launch of new Go Lokal! stores.

AC Energy infuses P2.5 B into Ilocos wind 2020-02-27 11:00:00Listed AC Energy Philippines Inc. is infusing over P2.5 billion in its subsidiary to acquire an 81-megawatt wind farm in Pagudpud, Ilocos Norte.

Philippine among most vulnerable to shifting MNC operations 2020-02-27 11:00:00The Philippines is among the most vulnerable to the shitting operations of multinational corporations as it is a small player in the world market and

Corn farmers hit government inaction vs pest infestation 2020-02-27 11:00:00The P104.4 billion corn industry is in peril as pests have ravaged several corn farms across the country.

MPIC income up 69% to P23.9 billion 2020-02-27 11:00:00Metro Pacific Investments Corp., the tollways and infrastructure conglomerate chaired by tycoon Manuel V. Pangilinan, reported a consolidated net inco

Inflation for poorest rises by 2.3% in January 2020-02-27 11:00:00Consumer prices for the country’s poorest households rose by 2.3 percent last January, driven by price hikes in food, housing and utilities as w

Message to the President 2020-02-27 11:00:00I wish you all the best for the remainder of your term and will continue to be supportive of your efforts to do good for the country.

Final draft of common tower policy out next 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 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

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Bzzzzz: Trump on virus threat: ‘There’s a very 2020-02-27 09:50:00DESPITE or because of the humor, United States (US) standup comics brought home a sobering message about the coronavirus.Stephen Colbert, host of &ldq

Editorial: Teeth 2020-02-27 09:25:00SO it goes. Nineteen senators approved on third and final reading on Feb. 26 Senate Bill (SB) 1083, effectively giving more teeth to the Human Securit

Carvajal: Played for suckers 2020-02-27 08:40:00EVERY time the anniversary of Edsa comes around I drive home this point that bears repeating because people continue to romanticize the myth that peop

Tell it to SunStar: The Bible and perfection 2020-02-27 07:39:00A MAN must study the Bible so that he can become a perfect person.From Genesis to Revelation, there are many Bible characters described by God and the

Libre: The pasta they act 2020-02-27 07:31:00GUV mulls over demolition of ‘unsafe’ Palace of Justice.Her decision will not be subject to appeal.***‘Imminent danger’ revive

Wenceslao: That Edsa uprising 2020-02-27 07:24:00THIS year’s anniversary of the 1986 people power uprising passed without much fanfare, which is symbolic of the socio-political milieu we are in

Malilong: Our world keeps getting smaller, no thanks 2020-02-27 07:24:00FIRST, it was China. Then it was South Korea, albeit partly. Who’s next? How many more countries will we impose travel restrictions on because o

Seares: ‘Gap in the law’ doesn’t mean ‘equity’ 2020-02-27 07:24:00THERE is no law providing for a situation where a franchisee such as the ABS-CBN Broadcasting Corp. is waiting for Congress to act on its application

Can supply hit; sardine makers eye plastic pouch 2020-02-27 07:09:00CENTRAL Visayas consumers may soon find their favorite sardines inside plastic pouches as the supply of cans sourced from China has been cut off due t

Sy-led BDO posts P44.2B net income 2020-02-27 07:07:00BDO Unibank Inc. (BDO) recorded a net income of P44.2 billion in 2019 from P32.7 billion in 2018 on the strong performance of its core recurring incom

BIR urges taxpayers to file itr, pay taxes 2020-02-27 07:04:00THE tax filing season is fast approaching.The Bureau of Internal Revenue in Cebu (BIR 13) is urging taxpayers to file income tax returns (ITR) and pay

Proud to call our own: Fashion designer Philip 2020-02-27 06:52:00TERNOCON 2020 is a terno-making convention and contest by Bench, with its founder Ben Chan as Ternocon chairman, and the Cultural Center of the Philip

The Standard

Gov’t budget deficit rose 18.3% to P660.2b last 2020-02-27 08:30:10The government incurred a budget deficit of P660.2 billion in 2019, up 18.3 percent from the P558.3-billion shortfall in 2018, driven by a 57.83-perce

BDO’s income surged 35% to P44.2b in 2019 2020-02-27 08:20:09BDO Unibank Inc., the largest lender controlled by the Sy family, said Thursday net income jumped 35 percent in 2019 to an all-time high of P44.2 bill

BSP considers further interest rate cuts amid COVID-19 2020-02-27 08:10:08The Bangko Sentral ng Pilipinas will consider bigger interest rate reduction this year to support the economy amid the impact of the coronavirus disea

Stocks climb on bargain-hunting 2020-02-27 08:00:07The stock market rose Thursday on bargain-hunting, led by battered issues that slumped the other day and sent the benchmark index to a 15-month low.

Holcim PH hiked 2019 profit 41% to 2020-02-27 07:50:06Cement maker Holcim Philippines Inc. said net income reached P3.58 billion in 2019, up 41 percent from P2.5 billion in the previous year, on higher op

New expressway to raise revenues of NLEX this 2020-02-27 07:40:05NLEX Corp. expects revenues to grow 7 percent this year after opening a new expressway, its top executive said Thursday.

PAGCOR warns illegal workers 2020-02-27 07:30:04State-run Philippine Amusement and Gaming Corp. said it supports the recent measures undertaken by the Chinese embassy in the Philippines to crack dow

NEA administrator defends wage hike 2020-02-27 07:20:03State-run National Electrification Administration administrator Edgardo Masongsong denied abusing his authority when he issued memoranda increasing th

DBP told to look at big infra projects 2020-02-27 07:10:02Finance Secretary Carlos Dominguez III asked state-run Development Bank of the Philippines to focus on improving wholesale banking services and help f

ABS-CBN files piracy cases in US 2020-02-27 07:00:01ABS-CBN Corp. said it filed two civil complaints in the US Federal Courts against two individuals in a piracy network spanning across US state lines,

MPIC shifts investments to ‘less risky’ businesses 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 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

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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

Investment advisors worry U.S. response to coronavirus is New! 2020-02-27 18:13:34Investment-advisors are increasingly worried that U.S. authorities are not be doing enough to prevent a widespread outbreak of coronavirus in the coun

Mexico's Pemex posts massive 2019 loss in bitter New! 2020-02-27 18:13:16Petroleos Mexicanos posted a 345.5 billion peso ($18.3 billion) loss for 2019 on Thursday, nearly doubling the previous year's loss and dealing a ma

SEC orders Wells Fargo pay $35 million for New! 2020-02-27 18:12:42The U.S. Securities and Exchange Commission said on Thursday it ordered Wells Fargo & Co to pay $35 million to settle charges it failed to adequa

Facebook to publicly track political sponsored content after New! 2020-02-27 18:08:15Facebook Inc will provide a way for people to track political sponsored content on Facebook and Instagram ahead of the U.S. presidential election, it

Investors ditch market risk as stocks fall into New! 2020-02-27 17:47:31Fears of a sustained global economic impact as the coronavirus rapidly spreads beyond China have sent investors scrambling to find safety less than 10

Occidental posts quarterly loss on impairment, charges New! 2020-02-27 17:39:56Occidental Petroleum Corp reported a quarterly loss on Thursday, as the oil and gas producer took more than $1.7 billion in impairment and other char

Bed Bath & Beyond to cut about 500 New! 2020-02-27 17:28:52Bed Bath & Beyond Inc would cut about 500 jobs, including management positions, as part of a restructuring program to turn around its business, t

Tellurian stock falls after company extends U.S. LNG New! 2020-02-27 17:28:09Tellurian Inc stock dropped on Thursday after the company said it extended the amount of time India's Petronet LNG Ltd had to finalize an agreement

FCC to propose $200 million fines for U.S. New! 2020-02-27 17:26:13The U.S. Federal Communications Commission is set to propose fining four major U.S. mobile phone companies at least $200 million in total for improper

Pandemic fears send investors running as Wall Street New! 2020-02-27 17:24:17Wall Street's main indexes plunged on Thursday for the sixth straight session, with the S&P 500 confirming its fastest correction in history as t

Dow suffers record decline in points as Wall New! 2020-02-27 17:24:17The Dow industrials posted the largest-ever points drop on Thursday as Wall Street led stocks across the globe lower, with traders fretting over the e

Beyond Meat triples sales but shares fall after New! 2020-02-27 17:06:10Beyond Meat Inc said on Thursday that fourth-quarter sales tripled, but shares fell 7% in after-hours trading as the company missed earnings expectat

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