Business

BSP end-July net income up nearly fourfold

MANILA -- Gains from foreign exchange rate fluctuations and higher interest income boosted the Bangko Sentral ng Pilipinas’ (BSP) net income in the first seven months of 2018, rising nearly four times...

LRT-1 ridership reaches 14-M in August

MANILA -- Over 14 million people rode the Light Rail Transit Line 1 (LRT-1) last August, its highest ridership in a single month to date, according to its operator Light Rail Manila...

TRABAHO bill not seen to hit gov’t revenues hard

MANILA -- Philippine government revenues are not expected to take a serious blow from the proposed cut in corporate income tax (CIT) rates. Fitch Solutions, an affiliate of Fitch Ratings Inc., in a...

BSP cuts 14-day TDF offering for September 26 auction

MANILA -- The Bangko Sentral ng Pilipinas (BSP) cut the offering for its 14-day Term Deposit Facility (TDF) up for auction on September 26, 2018 by half to PHP10 billion on the...

PH banana growers want immediate cut in SoKor tariffs

MANILA -- Local banana growers urged the government to fast track negotiations with South Korea to immediately lower the tariff on Philippine banana exports, noting that they cannot wait for the conclusion...

Local markets shed on external worries

MANILA -- Risk-off sentiments continue to dampen trading in the Philippines' equities and foreign exchange markets Thursday. The Philippine Stock Exchange index (PSEi) lost 1.20 percent or 86.50 points to 7,134.73 points. Landbank market...
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