Business

PH electronic fund transfers benefit from PESONet

MANILA -- The volume of electronic fund transfers in the Philippines has risen by 27 percent year-on-year as of end-July 2018 with the help PESONet. PESONet is the first automated clearing house (ACH)...

Economic managers push for rice tariffication to ensure supply

MANILA -- Philippine economic managers on Tuesday stressed the need to approve the proposed rice tariffication to ensure adequate rice supply and help address the rising inflation rate. In a joint statement by...

HK firm says contract with fired Nayong Pilipino board still valid

MANILA -- A Hong Kong-based company has insisted that the contract it signed with the sacked board of trustees and management team of Nayong Pilipino Foundation (NPF) remained valid and still bound...

July ’18 inflation uptick expected: Espenilla

MANILA -- The Philippines' inflation rate rose to multiyear high of 5.7 percent but Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. said this is expected and reiterated monetary officials’...

Sacked Nayong Pilipino chair breaks into tears at event

MANILA -- Fired Nayong Pilipino Foundation (NPF) Chairman Patricia Ocampo was at an event which was to seal the NFP's partnership with Landing International Development Ltd. when news of her dismissal broke...

Hotel investors eye Davao for expansion

DAVAO CITY -- This city has continued to attract hotel investors as it has become a favorite venue under the MICE tourism (Meetings, Incentives, Conferences and Events), a real estate industry leader...
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