Business

DTI to ensure stable supply of cement

MANILA -- Department of Trade and Industry (DTI) Undersecretary for Consumer Protection Group Ruth Castelo said the agency will ensure a stable supply of cement in order to keep up with the...

Lopez welcome bills institutionalizing gov’t microfinance

MANILA -- Trade Secretary Ramon Lopez welcomed legislative measures supporting the microfinance program of the Department of Trade and Industry (DTI), Pondo sa Pagbabago at Pag-asenso or P3 Program. Both houses in Congress...

August car sales hint recovery

ANILA – Automotive vehicle sales in August increased by 8.1 percent on a month-on-month basis, signaling what could be an end to sluggish sales in recent months, the Chamber of Automotive Manufacturers...

Corporate income tax cuts won’t lead to job losses

MANILA -- Finance Undersecretary Karl Chua said the removal of certain incentives under the proposed tax reform measure will not result in job losses. In an interview Tuesday after the Senate hearing on...

Overseas trade concerns weaken local markets

MANILA -- Continued trade war concerns weighed heavily on the Philippines’ equities and the peso on Tuesday, with the latter ending the day at its nearly 13-year low against the US dollar. The...

7-year PH T-bond rate up

MANILA -- The Bureau of the Treasury’s (BTr) auction committee on Tuesday made a partial award for the seven-year Treasury bond (T-bond) amid the spike in interest rates. The rate of the debt...
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