Business

Peso stays firm; local shares down on profit-taking

MANILAĀ -- The peso ended Thursday almost unchanged against the US dollar in line with the risk-off sentiment in the region but the main stocks gauge fell due to profit-taking after recovering...

Sotto files bill seeking to lower corporate income tax

MANILAĀ -- Senate President Vicente Sotto III on Thursday filed the bill that seeks to lower corporate income tax. Senate Bill No. 1906 or the "Corporate Income Tax & Incentives Reform Act" seeks...

Bamboo farming eyed for quick rehab of mined lands

MANILAĀ -- Bamboo farming is now being eyed to hasten the rehabilitation of areas laid waste by mining operations, Trade and Industry Secretary Ramon Lopez told reporters Thursday. Lopez said a meeting between...

Local stocks, Peso gain in midweek trading

MANILAĀ -- News about Moody’s positive outlook on the Philippine economy allowed the Philippine Stock Exchange index (PSEi) to bounce back Wednesday, which also buoyed the peso during the day. PSEi rose 2.17...

TDF rates mixed anew

MANILAĀ -- The Bangko Sentral ng Pilipinas' (BSP) Term Deposit Facility (TDF) rate posted mixed results Wednesday as banks continued to weigh their options concerning the direction interest rates are headed to. Data...

Duterte values Toyota’s role as major PH economy driver

MANILA – President Rodrigo R. Duterte on Wednesday recognized the Toyota Motor Philippines (TMP) as "major driver" of the Philippine economy. ā€œToyota Motor is not only a leader in the production of...
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