Business

ALI nets P20.8-B in Jan.-Sept.

MANILA -- Ayala Land Inc. (ALI) booked a 17-percent increase in net income during the first nine months of the year, driven mainly by its residential and commercial leasing businesses. ALI reported to...

PH to hold another bidding for rice imports

MANILA -- The government will conduct another bidding for the procurement of the 500,000 metric tons (MT) of rice on Nov. 20, to augment the country's buffer stock and bring prices further...

Prioritize infra projects, economist tells gov’t

MANILA -- With the Philippines twin deficits, an economist of Maybank said the Philippine government should prioritize projects under its massive infrastructure program. During the 2019 economic outlook jointly hosted by Maybank Philippines...

Bidding for 3rd telco set on Wednesday

MANILA -- The selection for the local telecommunications industry's new major player will push through on Wednesday, November 7, after the Manila Regional Trial Court (RTC) junked the petition for writ of...

BSP rate hike hopes boost PHP, PSEi down on uncertainties

MANILA -- Expectations of an additional hike in the Bangko Sentral ng Pilipinas’ (BSP) key rates boosted the peso Tuesday but uncertainties pulled down the Philippine Stock Exchange index (PSEi). The local currency...

Another hike in BSP rates seen before yearend

MANILA -- Economists seem to agree that another upward adjustment in the Bangko Sentral ng Pilipinas' (BSP) key rates in November is very likely even if inflation has shown signs of easing,...
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