Business

Banks ordered to report tech glitches w/in 2 hrs

MANILA -- The Bangko Sentral ng Pilipinas (BSP) will now be requiring all banks to submit an initial report on any cybersecurity issues in their system within two hours of its discovery. At...

Local markets end week with gains amid mix out-turn in Asia

MANILA -- Both the Philippine Peso and the main equities gauge ended the week higher even while its regional counterparts went in different directions. The local currency ended Friday’s session at 53.7 from...

Bacolod business leaders upbeat on countryside dev’t

BACOLOD CITY -- Officials of the Metro Bacolod Chamber of Commerce and Industry (MBCCI) expressed optimism that development would spread to the countryside once the proposed solutions of the Philippine Chamber of...

Assets of Batangas coops reach P6.5-B , P2.2-B members’ equity

BATANGAS CITY – The total assets of 319 cooperatives across Batangas province reached PHP 6.5 billion this year, the Provincial Cooperative, Livelihood and Enterprise Development Office (PCLEDO) reported Friday. Jenelyn A. Aguilera, chief...

Diokno positive on oil excise tax hike suspension

MANILA -- Budget Secretary Benjamin Diokno is optimistic that the proposed suspension of the fuel excise tax hike for 2019 will push through but said reviews will be done, including an outlook...

BIR-QC names execs of Uniwide, 7 other firms in tax raps

MANILA -- A business process outsourcing (BPO) provider and a decades-old textile wholesaler were among the eight firms named by revenue officials in criminal tax charges on Friday. In a statement, the Bureau...
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