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Lopez optimistic PH will keep EU-GSP+ preferential status
MANILA, Philippines – After his meeting with a European Union (EU) trade official, Trade Secretary Ramon Lopez voiced optimism about the likelihood that the EU will retain the Philippines among the...
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India to become 5th largest economy in 2018 – report
NEW DELHI, India – India is set to overtake the United Kingdom and France to become the world's 5th largest economy next year, a report said Tuesday, December 26.Currently ranked 7th, India will move...
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Israel to halt trade in cryptocurrency-based firms
JERUSALEM – The Israel Securities Authority said it is moving to ban trading in cryptocurrency-based companies on the Tel Aviv market until transactions involving digital coins are legally...
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Vista Land projects high profit growth until 2020
MANILA, Philippines – Vista Land and Lifescapes Incorporated is set to project revenues and profits to continue to grow in double digits over the next 3 years, as it aims to become of the leading...
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Bad loans rise at Philippines' big banks in October
MANILA, Philippines – Bad loans on the books of the country's biggest banks rose further in October, latest central bank data showed, amid the industry's rising total lending portfolio.Data from the...
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Printing error caused 'faceless' P100 bills, BSP says
MANILA, Philippines (UPDATED) – The Bangko Sentral ng Pilipinas (BSP) said it has resolved the "machine error" that have caused the misprinting of "faceless" P100 bills, which were withdrawn by a Bank...
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Memorial park firm venturing into mass housing
MANILA, Philippines – Golden Haven Incorporated, the death care development and services firm owned by the Villar group, is foraying into mass housing development with the acquisition of Bria Homes...
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The Philippines' biggest business deals in 2017
The country’s economic renaissance continued in 2017, and the top dogs of Philippine business – the conglomerates – have taken full advantage.They have been wheeling and dealing, creating partnerships,...
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Philippines sees manageable inflation until 2020
MANILA, Philippines – At its last meeting this 2017, the Bangko Sentral ng Pilipinas (BSP) decided to keep its inflation projection until 2020 in the belief that sustained government investment...
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Philippine peso strongest in 6 months, stocks break 8500 level
MANILA, Philippines – The country's financial markets posted new gains just before the end of 2017. The Philippine peso registered its strongest close against the greenback in 6 months, while stocks...
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BSP defends design for new P5 coin, differentiates it from P1 coin
MANILA, Philippines – In light of an appeal to stop the circulation of the new P5 coin, the Bangko Sentral ng Pilipinas (BSP) defended the need to change its design, saying it will discourage acts of...
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BSP sets Dec 29 as 'final, non-extendable' deadline to swap old peso bills
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) reminded the public that the deadline to exchange old banknotes with new ones is "final" and "non-extendable".In a statement on Thursday,...
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Urduja, Vinta caused P1.24B in agricultural damage
MANILA, Philippines – Tropical Storm Urduja (Kai-tak) and Typhoon Vinta (Tembin) had caused P1.24 billion in damage and losses to the agricultural sector as of 11 am of Thursday, December 28, the...
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Ayala Land expanding Seda hotel brand
MANILA, Philippines – Ayala Land Incorporated plans to expand its Seda hotel brand to 3,500 rooms by 2019 to address the increasing demand brought about by tourism and corporate expansion.Ayala Land...
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Philippine finance chief hails BIR's 'extraordinary' 2017
MANILA, Philippines – It was an "extraordinary" 2017 for the Bureau of Internal Revenue (BIR), said the country's finance minister, after the bureau waged a successful war against big-time tax...
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No more expiry dates for gift checks after Duterte signs new law
MANILA, Philippines – Gift certificates or gift checks (GC) will not have expiry dates anymore after President Rodrigo Duterte signed a new law, which replaces a similar order of the Department of...
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Philippine stocks hit fresh all-time high on 2017's last trading day
MANILA, Philippines – Philippine equities closed 2017 on a cheerful beat, as it posted a record high of 8,558.42 points, with all sectors moving north.As closing bell rang on Friday, December 29,...
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SEC online company registration suffers hacking attempts
MANILA, Philippines – The Securities and Exchange Commission’s (SEC) newly launched online registration system is under attack as it suffers multiple hacking attempts that have caused a delay in the...
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BSP warns negative impact of sharing photos of 'faceless' bills
MANILA, Philippines – Bangko Sentral ng Pilipinas (BSP) discouraged the public from sharing or posting photos of alleged "faceless" bills on social media, as it may negatively affect commerce in the...
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DOTr expects new MRT3 maintenance provider by May 2018
MANILA, Philippines – The country’s transportation department expects a new maintenance provider for Metro Rail Transit Line 3 (MRT3) by May 2018, after it finalizes the terms of a loan with the Japan...
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