Business

Expert urges enhanced transparency in investments

MANILA -- There is a need to improve the information content of the country's foreign investment negative list (FINL) in order to provide potential investors with a clearer perspective of the local...

Peso, local stocks plummet anew

MANILA – The Philippine peso extended its decline for the sixth consecutive trading day, while the local bourse continued its losing streak as it fell back to the 7,400-zone on Monday. The local...

Remittances rebound in April

MANILA -- As expected by the market, remittances in April made a positive turnaround after declining in March, when there were fewer banking days due to the Holy Week holidays. Bangko Sentral ng...

BTr raises P8.4-B from T-bills bid

MANILA -- The Bureau of Treasury (BTr) managed to raise PHP8.4 billion for the national government from the PHP15-billion Treasury bills (T-bills) auction on Monday. The BTr fully awarded the 182-day debt paper...

BSP: Personal remittances in January-April hit USD10.4-B

MANILA -- Personal remittances from Overseas Filipinos (OFs) increased by 12.9 percent year-on-year to reach USD2.6 billion in April 2018. On a cumulative basis, personal remittances for the first four months of...

RCBC unit pilots digital lending in Mindanao

MANILA -- Rizal Microbank, a subsidiary of Rizal Commercial Banking Corp. (RCBC), is testing its digital lending among corn farmers in Mindanao, and will soon further expand the financial product in other...
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