Business

PLDT poised to sell majority stake in Voyager to foreign investors

MANILA -- PLDT Chairman and Chief Executive Officer Manuel V. Pangilinan said the company has signed a non-binding term sheet for the selling of its majority stake in Voyager Innovations Inc. this...

Pernia hopeful of 7% growth in 2018

MANILA -- Socioeconomic Planning Secretary Ernesto Pernia remains hopeful about achieving at least the low-end of the 7 to 8-percent growth target range for the year with the implementation of policies towards...

PH economy expands 6% in Q2

MANILA -- The economy expanded by 6 percent in the second quarter of 2018, making the Philippines still one of the best-performing economies in Asia. In a press conference on the release of...

PSEi recovers, Peso little changed ahead of major data releases

MANILA -- Risk-on sentiment lifted local equities but a wait-and-see stance resulted in the sideways close of the peso on Wednesday. The Philippine Stock Exchange index (PSEi) recovered and went up 1.63 percent,...

DTI eyes more imports, lower tariff to curb inflation

MANILA -- Trade Secretary Ramon Lopez said increasing the supply of goods through importation coupled with the lowering of tariffs on these imports, as the recipe to address rising inflation. After the National...

Openness to banking industry innovations needed: BSP exec

MANILA -- Technological innovations continue to shake even the banking industry, thus, the need to be open-minded and bold on how to tackle new ideas and developments in the sector. This was stressed...
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