Business

BMI outlook: 54:USD1 at end-2018

MANILA -- The Philippine peso will end the year at PHP54 to a US dollar, Fitch Group’s research arm forecasts. BMI Research reported Wednesday that the outlook for the Philippine peso is weaker...

DBM: 143 cities seek funding for Green Green Green projects

MANILA -- Department of Budget and Management (DBM) Secretary Benjamin Diokno said on Wednesday that local government units (LGUs) representing 143 cities have expressed interest in securing funding from the national government...

SSS Palawan ups collection in Q1

PUERTO PRINCESA CITY, Palawan -- The Social Security System’s (SSS) branch here reported Tuesday that it has collected PHP98.29 million in contributions for the first quarter of the year. Atty. Emmanuel Dooc, president...

DICT releases guidelines for new telco player

MANILA -- The elusive third player in the local telecommunications industry must first have an annual capital and operating expenditures worth PHP40 billion, must have coverage of at least 30 percent of...

Peso continues slide but local bourse breaks losing streak

MANILA -- The Philippine stock market closed Tuesday on a positive note to end the eight-day losing streak but the Philippine peso continued to slide against the US dollar. The local currency finished...

Peso depreciation can cut PH trade deficit

MANILA -- The depreciation of the peso against the US dollar can reduce the country’s trade deficit over the medium term, the First Metro Investment Corporation (FMIC) and University of Asia &...
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