Business

DTI pushes for passage of bill institutionalizing microfinance

By Leslie Gatpolintan/Philippine News Agency MANILA – The Department of Trade and Industry (DTI) is pushing for the passage of a bill institutionalizing the government’s program of providing affordable financing for micro,...

Personal remittances up to $13.7-B in Jan-May

PR/Philippine News Agency MANILA -- Personal remittances from Overseas Filipinos (OFs) rose to USD2.9 billion in May 2019, a 5.5 percent increase from USD2.7 billion in May 2018. On a cumulative basis, personal...

NEDA panel OKs cost increases in Mindanao railway, MM bridges

PR/Philippine News Agency MANILA – The National Economic and Development Authority Board’s Investment Coordination Committee-Cabinet Committee (ICC-CabCom) on July 10, 2019 approved changes in two ongoing projects. These include the increase in cost...

DICT: Smartmatic must shape up or be replaced as tech provider

By Raymond Carl Dela Cruz/Philippine News Agency MANILA — Department of Information and Communications Technology (DICT) Undersecretary Eliseo Rio, Jr. on Monday said Smartmatic Philippines Inc. faces stiff competition and must improve its...

DTI pushes proposed EO bringing down shipping costs

By Leslie Gatpolintan/Philippine News Agency MANILA -- The Department of Trade and Industry (DTI) will ask President Rodrigo Duterte to issue an executive order (EO) that will significantly reduce logistics costs for...

BSP hikes TDF offering

By Joann Villanueva/Philippine News Agency MANILA – The Bangko Sentral ng Pilipinas (BSP) further increased the offering under its Term Deposit Facility (TDF) for the auction on Wednesday. Data released by the central...
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