Business

Villar-owned firm interested to bid for 3rd telco: DICT

MANILA — Streamtech Systems Technologies Inc. expressed interest to become the new major player in the telco industry, the Department of Information and Communications Technology (DICT) said. “Yes, they expressed interest but would...

DTI continues livelihood aid to Marawi folks

MANILA -- Over a year after the guns fell silent in Marawi City, the Department of Trade and Industry (DTI) continues to provide livelihood assistance for families and individuals whose lives were...

BSP cuts 7-day, 28-day TDF offering for next week’s auction

MANILA -- The Bangko Sentral ng Pilipinas (BSP) cut the offering for the seven and 28-day Term Deposit Facilities (TDF) in its auction on October 31, 2018. The offering for the seven-day facility...

BSP allows conservative UITF investors to tap gov’t-backed notes

MANILA -- The Bangko Sentral ng Pilipinas (BSP) has decided to allow conservative investors of Unit Investment Trust Fund (UITF) to place their funds in government-backed floating rate notes. BSP Deputy Governor Chuchi...

Peso firmer but local stocks down on geo-political tensions

MANILA -- The softening of global oil prices boosted the Philippine Peso but the Philippine Stock Exchange index (PSEi) declined anew as tensions between the US and Saudi Arabia heat up. The Peso...

TRAIN’s 2018 revenue target cut

MANILA -- Economic managers have reduced the revenue goal from the Tax Reform for Acceleration and Inclusion (TRAIN) law this year, mainly because of the delayed implementation of electronic invoicing (e-invoicing) and...
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