Business

Lopez warns profiteering meat retailers face closure

MANILA -- Trade Secretary Ramon Lopez has warned profiteering wet market vendors to bring down retail prices of meat and poultry products as farmgate prices have already gone down, or face consequences...

PSEi rises anew, Peso sideways on Fed rate hike hints

MANILA -- The Philippine Stock Exchange index (PSEi) rose for the second day in a row Thursday while the Peso managed to keep its footing amid the US dollar’s strength. The PSEi gained...

Net inflow in ‘hot money’ posted as of August 10

MANILA -- The inflow of foreign portfolio investments, also called "hot money" because they can come in and out of an economy, remain in positive territory as of the second week of...

BSP asks firms to submit 2019 foreign borrowings plan

MANILA -- The Bangko Sentral ng Pilipinas (BSP) has given both publicly and privately-owned Philippine companies until September 30, 2018 to submit their foreign borrowings plans for 2019. In an advisory published in...

Strong economy not incentives attracted investors: Dominguez

MANILA -- The remarkable increase in foreign direct investments (FDIs) entering the country in the last 17 months best illustrates that investors are now flocking to the Philippines because of its exciting...

Gov’t posts improvements in revenues, expenditures in July

MANILA -- Improvements in the Philippine government’s revenue collections and spending was very apparent in July 2018 after a slip the previous month, the Bureau of the Treasury (BTr) reported Wednesday. Revenues grew...
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