Business

DTI says port congestion no excuse to hike prices

MANILA -- Trade Secretary Ramon Lopez echoed the statement of Bureau of Customs (BOC) Commissioner Isidro Lapeña that the Port of Manila is not congested, hence, port congestion cannot be used as...

Rice contribution to inflation grew tenfold: DOF

MANILA -- Basic food items, such as rice, fish, meat and vegetables, have been major drivers of inflation this year with the contribution of rice rising 10 times to 1 percentage point...

Global Finance gives BSP chief B+ grade

MANILA -- Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. received a B+ grade from the Global Finance magazine’s Central Banker Report Cards 2018, his first scorecard after taking the...

Peso holds ground but local stocks head south

MANILA -- The Philippine peso continued to show resiliency against the US dollar, but trade war jitters hit the equities market anew, causing the main index to retreat to the 6,900-level on...

UK audit firm to monitor Grab’s operations

MANILA – The Philippine Competition Commission (PCC) has selected United Kingdom-based auditing firm, Smith & Williamson, to monitor the operations of ridesharing firm Grab Philippines. The commission said Smith & Williamson will keep...

Fiserv exec sees great potential in PH banking system

MANILA -- A top executive of Fiserv, a global financial services technology firm, is optimistic about the further digitalization of the local banking system due to a supportive regulatory environment. Marc Mathens, SVP...
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