Business

Lottery games post 2.81% revenue hike in January-February : PCSO

MANILA -- The Philippine Charity Sweepstakes Office (PCSO) has reported a slight increase in the sales of lotto and other number games. The PCSO said the sales have increased by 2.81 percent,...

Senate eyes scrapping minimum capital for foreign retail enterprises

MANILA -- The Senate aims to further open the country’s retail sector by removing the USD2.5-million minimum paid up capital for foreign retail enterprises to operate here. During the advocacy forum on...

RCBC eyes sustained double-digit income growth this ’18

MANILA - -Rizal Commercial Banking Corp. (RCBC) targets to sustain its double-digit income growth this year after an 11 percent expansion in 2017. The bank ended 2017 with an income of PHP4.3...

Canadian firm opens upscale business hub in Davao

DAVAO CITY -- A Canadian leasing firm has opened its 2,500-square meter hub in Davao City for leasing to Business Process Outsourcing (BPO), start-ups, private offices, and a co-working space for...

PH gov’t financing up 77.84% in 2017

MANILA -- Government's borrowings rose by 77.84 percent year-on-year in 2017. Bureau of the Treasury (BTr) data showed the total financing last year amounted to PHP901.672 billion, up from the PHP507.02 billion in...

Banks’ real estate loans sustain rise in ‘17

MANILA -- Loans extended by the Philippines’ banking system to the real estate sector continued to increase but share of real estate loans (REL) to bank’s total loan portfolio (TLP), exclusive of...
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