Business

Gov’t recognizes auto industry’s economic contributions

MANILA -- The Philippine government has recognized the automotive vehicle industry's contributions towards accelerating the country’s economic growth in recent years, a Palace official said. During the 7th Philippine International Motor Show in...

Auto manufacturers see 14% sales drop this year

MANILA -- The Chamber of Automotive Manufacturers of the Philippines (CAMPI) disclosed that its member companies have expected a combined drop in sales by 14 percent this year compared to the 2017...

Cashalo exec cites importance of financial literacy

MANILA -- Several entities offering financial products have tapped financial technology or fintech to more efficiently cater to their target market, which is normally the underserved or the unbanked population. While this is...

No to extending sunset provision of TEZ incentives: Dominguez

MANILA -- Finance Secretary Carlos Dominguez III has opposed an extension of the period, wherein companies in Tourism Enterprise Zones (TEZs) may avail of government incentives. Republic Act (RA) 9593, otherwise known as...

PSEi down on profit-taking; peso holds steady

MANILA -- Profit-taking cut short the Philippine Stock Exchange index’ (PSEi) five-day winning streak but the peso ended little changed during Tuesday's trading. The main stocks gauge shed 0.53 percent, or 38.54 points,...

BTr reject bids for 7-yr T-bonds

MANILA -- The Bureau of the Treasury’s (BTr) auction committee on Tuesday rejected all bids for the seven-year Treasury bond (T-bond) despite the high demand after investors asked for yields that were...
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