Business

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...

Oil prices to go up again on July 16

By Joann Villanueva/Philippine News Agency MANILA — Seaoil on Monday announced a hike on the prices of its oil products effective 6 a.m. on July 16, 2019. In an advisory, the oil company...

Peso, PSEi up on Fed rate hike anticipations

By Joann Villanueva/Philippine News Agency MANILA – Both the Philippine peso and the Philippine Stock Exchange index (PSEi) ended the week’s first trading up on rate hike expectations from the Fed. The local...

Foreign traders explore investment potentials in SoCot

By Fruto C. Sumagaysay/Philippine News Agency GENERAL SANTOS CITY -- Several foreign investors have signified interest to venture into some major projects, among them dairy and mushroom processing, in South Cotabato province. Emmanuel Jumilla,...
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