Business

Moody’s Analytics sees 6.3% GDP growth for Q3 ’18

MANILA -- Moody’s Analytics forecasts a 6.3-percent growth of the Philippine economy in the third quarter of 2018 due to better investment and robust domestic demand. This projection is higher than the 6-percent...

Sputnik news agency eyes expansion in SE Asia

MOSCOW -- Moscow-based international news agency, Sputnik News Agency and Radio, is looking to expand its newswire and radio services to Southeast Asia in the near future, a top official said. Sputnik Head...

DOF’s anti-corruption arm not exempt from sheriff fee: SC

MANILA -- The Supreme court has junked the plea of the Department of Finance-Revenue Integrity Protection Service (DOF-RIPS) seeking exemption from the payment of the amount of PHP1,000 for the Sheriff’s Trust...

PH protests drop in Doing Business 2019 report ranking

MANILA -- The Philippines government has protested the decline in the country's ranking in the Doing Business 2019 report of the World Bank to the 124th spot from 113th in the 2018...

Term deposit rates up anew

MANILA -- The rate of the Bangko Sentral ng Pilipinas’ (BSP) term deposit facility (TDF) rose across-the-board Wednesday and banks have submitted bids higher than the offering, even before the long weekend. Data...

PH, Japan to sign loan deal for MRT rehab next week

MANILA -- The governments of the Philippines and Japan will sign a loan agreement for the rehabilitation of the Metro Rail Transit Line 3 (MRT-3) on November 7, a Department of Transportation...
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