Business

BSP revises 2019 BOP projection to $3.7-B surplus

By Joann Villanueva/Philippine News Agency MANILA – Philippine monetary officials on Friday announced the revision of the 2019 balance of payment (BOP) projection from a USD3.5-billion deficit to a USD3.7-billion surplus. In a...

Guinigundo: Prospects for domestic growth ‘bright’ in 2019

By Joann Villanueva/Philippine News Agency MANILA -- A ranking official of the Bangko Sentral ng Pilipinas (BSP) said domestic growth prospects remain bright, thus, he expects the economy to post a growth...

Local markets weighed down by geopolitical tensions abroad

By Joann Villanueva/Philippine News Agency MANILA -- Geopolitical issues overseas heightened investors' risk aversion mood, resulting in a retreat by the Philippine Stock Exchange index (PSEi) and the weakening of the peso...

Tax court orders P44-M refund to San Miguel

By Benjamin Pulta/Philippine News Agency MANILA -- The Court of Tax Appeals (CTA) has granted a tax refund/credit of PHP44.48 million to San Miguel Brewery Inc. over excise taxes imposed on its beer...

Cebu Pacific’s PH-HK flights back to normal ops

By Ma. Cristina Arayata/Philippine News Agency MANILA -- Local carrier Cebu Pacific's (CEB) operations between the Philippines and Hong Kong are back to normal, an airline spokesperson said on Friday. "Our operations between...

TDF undersubscribed, rates post mix results

By Joann Villanueva/Philippine News Agency MANILA -- The Bangko Sentral ng Pilipinas’ (BSP) term facilities were mostly undersubscribed during the auction on Thursday even while the rates were mostly higher. Data released by...
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