Business

Local markets retreat on risk-on sentiment

By Joann Villanueva/PNA MANILA -- Geo-political uncertainties continue to worry investors resulting in the drop of the Philippine Stock Exchange index (PSEi) and the weakness of the peso during the week's first...

BPOs still to drive office space demand in 2019

By Leslie Gatpolintan/PNA MANILA -- After seeing a few years of decline, the business process outsourcing (BPO) industry is expected to come back with a vengeance in 2019, so much so that...

ADB to support PH infra program thru more loans

By Joann Villanueva/PNA MANILA -- Manila-based lender Asian Development Bank (ADB) vowed to increase funding to the Philippines in support of the government’s infrastructure program. In his speech during ceremonial exchange of documents...

PH T-bill rates rise anew on hopes of steady BSP rates

By Joann Villanueva/PNA MANILA -- The strong demand for Philippine government-issued Treasury bills (T-bills) continues to push its rates up on a weekly basis, with this week not being an exemption. Rate of...

PLDT seals USD40-M investment deal with IFC

By Aerol John Pateña/PNA MANILA -- PLDT Inc. has managed to close a USD40-million investment deal with the International Finance Corporation (IFC) and IFC Emerging Asia Fund for the purchase of newly-issued...

Power rates up in December

By Kris Crismundo/PNA MANILA -- Manila Electric Company (Meralco) announced Monday that electricity rates this month will increase slightly, by PHP0.0902 per kilowatt hour (kWh) to be exact, thus, bringing the cost...
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