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DBP extends P696 M loan for Bataan infrastructure projects

State-run Development Bank of the Philippines has extended P696 million in loans to the local government of Bataan to fund the implementation of varioRead More



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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

Last mile: Honda workers fight for a dignified 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 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 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 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 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 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 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 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 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 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 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

BSP hikes capital standards for small, mid-sized banks 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 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 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 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 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 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 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 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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Bzzzzz: Trump on virus threat: ‘There’s a very New! 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 New! 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 New! 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 New! 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 New! 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 New! 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 New! 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’ New! 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 New! 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 New! 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 New! 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 New! 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

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Gov’t budget deficit rose 18.3% to P660.2b last New! 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 New! 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 New! 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 New! 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 New! 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 New! 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 New! 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 New! 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 New! 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 New! 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

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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

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Toll Brothers says 11 home sales in California 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. 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 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 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 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 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 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 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 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 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 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 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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