Business

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...

NFA regulations still in place despite ‘unimpeded’ rice import order

MANILA – The National Food Authority (NFA) is still in the process of “harmonizing” President Rodrigo R. Duterte’s order on the unimpeded importation of rice with its own regulations. NFA Regional Director Angel...

‘Unimpeded’ rice import to moderate inflation: study

MANILA -- An ING Bank report sees a possible deceleration in the Philippines’ inflation rate as a result of the liberalization of rice importation, which will immediately address supply issues in the...

WPS issue not discussed in PH-China infra cooperation talks: DOF

MANILA -- Big-ticket infrastructure and development projects to be rolled out by the Philippines in cooperation with China are proceeding as discussed during the regular high-level meetings between the two countries, with...

TDF rates rise anew

MANILA -- The rates of the Bangko Sentral ng Pilipinas’ (BSP) Term Deposit Facility (TDF) continued to rise in step with the upward movement of domestic interest rates although bid coverage ratio...
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