Business

Peso ends flat; PSEi slides again in Thursday trading

MANILA -- Foreign selling, triggered by concerns over the US-China trade war, once again spread bearishness in the Philippines equities market Thursday and resulted in a flat close for the peso against...

PT&T seeks 3rd telco slot

MANILA -- The Philippine Telegraph and Telephone Company (PT&T) formally threw its hat in the race to become the new major player in the local telecommunications industry. This, as PT&T purchased bidding documents...

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...
spot_img

Popular