Business

Local shares sustain rise, Peso slides on overseas trade jitters

MANILA -- The Philippines’ main equities index continued to rise Thursday as investors digest the International Monetary Fund’s (IMF) positive outlook on the domestic economy but the peso went the other way...

Code of Ethics for foreign exchange market eyed before yearend

MANILA -- Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. is optimistic that a code of conduct for the foreign exchange market in the country can be established by yearend...

Infra firm eyeing to become common tower provider

MANILA -- An infrastructure firm is proposing to build 25,000 towers within seven years in line with a new policy of the Department of Information and Communications Technology (DICT) to establish common...

Japanese firms generally optimistic about PH market

MANILA -- Japanese companies are generally optimistic about the Philippine market but recent developments have given rise to some concerns, both local and Japanese bankers agree. In a media briefing Wednesday, MUFG Bank,...

TDF posts mix results anew

MANILA -- Continued volatility in the domestic financial market ended in another round of mix results for the Bangko Sentral ng Pilipinas’ (BSP) Term Deposit Facility (TDF) Wednesday. Data released by the central...

Proposed one-year validity of budget won’t lower gov’t spending

MANILA -- Budget and Management Secretary Benjamin Diokno is optimistic that state agencies are ready to implement projects even as allocation for the proposed PHP3.757 trillion 2019 national budget will only have...
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