Business

PH banking system, now in a very ‘sound footing’ – BSP

The country's central bank assured stakeholders from Central Luzon that the Philippine banking system is now in a very sound footing. In his presentation during the recent Philippine Economic Briefing, BSP Governor...

TRAIN law fails to curb motorists’ wanderlust

MANILA -- The abrupt leap in local fuel prices that directly followed the levying of steep excise taxes on petroleum products last January appears not to have motivated Filipino motorists to cut...

Grab to appeal suspension of P2 per minute travel charge

MANILA -- Ride-sharing company Grab Philippines will ask the Land Transportation Franchising and Regulatory Board (LTFRB) to reconsider its order suspending the PHP2 per minute travel charge to its riders. This as Grab...

Peso remains strong, local stocks pull back

MANILA -- The Philippine peso continued to show strength against the US dollar Thursday amid alarming geopolitical developments overseas while the main stocks gauge dipped a day after recovering. The local currency finished...

8 major bridges linking Visayas, Luzon in the works

CEBU CITY -- The Duterte administration plans to build eight major bridges with an estimated total cost of PHP269.19 billion to connect the islands of the Visayas and link them to Luzon,...

Espenilla explains TDF offering volume cut

MANILA -- Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. on Thursday said there is nothing unusual about the reduction of volume offering for two tenors of the Term Deposit...
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