Business

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...

Proposed El Nido, Coron closure needs careful study: PCCI

By Kris Crismundo/PNA MANILA -- The Philippine Chamber of Commerce and Industry (PCCI) urged the government to take a long, hard look at the proposed closure of El Nido and Coron in Palawan...

DOF to push for reinclusion of removed Package 1B provisions

By Joann Villanueva/PNA MANILA -- The Department of Finance (DOF) vowed to exhaust all means to reinclude the provisions on exchange of information, as well as on bank secrecy, in the proposed Package...
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