Business

Local markets up due partly to BSP rate hike

By Joann Villanueva/PNA MANILA -- Philippines’ main equities gauge rose for the second consecutive day ahead of Bangko Sentral ng Pilipinas’ (BSP) announcement on its latest policy rate decision, while the peso also...

DMCI order book up 8% to P28.5B

By PR/PNA MANILA -- D.M. Consunji, Inc. (DMCI), the construction arm of DMCI Holdings, Inc., signed P10.6 billion worth of new projects from January to September, raising its total order book by eight...

DICT to recover PHP24-B bond if Mislatel sells company

By Lilian Mellejor/PNA DAVAO CITY – The Department of Information and Communications Technology (DICT) will recover the PHP24-billion performance bond of the third winning telco and demand the return of frequency if it...

BSP hikes rates by an additional 25 bps

By Joann Villanueva/PNA MANILA -- The Bangko Sentral ng Pilipinas’ (BSP) policy-making Monetary Board (MB) on Thursday hiked key policy rates by an additional 25 basis points despite recent numbers indicating that inflation...

Prime Water wins as New Clark City water supplier

By Kris Crismundo/PNA MANILA -- The Bases Conversion and Development Authority (BCDA) on Thursday named a Filipino-Israeli consortium as the winning bidder for New Clark City's water supply services. In a statement, BCDA said...

Globe’s mobile data traffic up 49% in Jan.-Sept.

By PR/PNA MANILA -- Mobile data traffic of Globe Telecom surged by 49 percent to 641 petabytes for the first nine months of the year as its LTE coverage reached up to 90...
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