Business

BSP raises policy rate, inflation outlook

MANILA -- Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla Jr. announced to no one's surprise on Thursday that the Monetary Board (MB) has raised policy interest rates by 25 basis points...

Peso climbs, local stocks rise

MANILA -- The Philippine peso improved against the greenback as the local stock market swung back to positive territory on Thursday after news broke of the country's economy shooting up to a...

FDI net inflows up 46% in February

MANILA -- The Bangko Sentral ng Pilipinas (BSP) reported Thursday that foreign direct investment (FDI) net inflows in February this year jumped to USD573 million, or an increase of 46.4 percent...

No extra charge for subscribers who opt to be billed on paper: NTC

MANILA -- The National Telecommunications Commission (NTC) has ordered telecommunications firms not to charge additional fees on subscribers who still opt to receive their bills on paper. This as NTC has released...

DOE vows faster processing of key energy projects

MANILA – The Department of Energy (DOE) on Tuesday vowed to expedite the processing of papers for major energy projects. The DOE announced that the Implementing Rules and Regulations (IRR) of EO 30...

DOE to demand greater transparency from oil firms

MANILA – Local oil companies will be constrained to provide more detailed explanations regarding price adjustments when the Department of Energy (DOE) begins enforcing a new policy demanding greater transparency from the...
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