Business

Hospital activities sector employs highest number of workers

MANILA -- Hospital activities registered the highest number of establishments and recorded the largest share in total employment among the human health and social work activities sector, the Philippine Statistics Authority (PSA)...

Higher peso rediscount rates effective Monday

MANILA -- The Bangko Sentral ng Pilipinas (BSP) implemented on Monday (June 25) higher interest rates on peso rediscount facilities, the central bank said in a statement. Loans with maturity between one and...

SSS runs after delinquent employers in El Nido

EL NIDO, Palawan -- The Social Security System (SSS) conducted its Run After Contribution Evaders (RACE) Campaign in this municipality today (Monday) to reach out to nine delinquent or non-compliant employers, as...

‘Substantial’ oil price rollback set Tuesday

MANILA -- Prices of petroleum products at the pump are set to go down substantially on Tuesday (June 26), representing a complete about face from last week's direction. The oil price rollback will...

PSE gets SEC approval for short selling

MANILA -- The Philippine Stock Exchange, Inc. (PSE) has secured the approval of the Securities and Exchange Commission (SEC) to introduce short selling in the stock market. Short selling is in place in...

Quenched, tempered steel safe for high-rise buildings: DTI chief

MANILA -- Trade Secretary Ramon Lopez has reiterated that there should no longer be any safety issue on the use of quenched and tempered (QT) steel for the construction of high-rise buildings. Lopez...
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