Business

BDO net income grows to PHP13B in H1 ’17

MANILA, July 31 -- Sy-led Banco de Oro Unibank Inc. (BDO) registered a PHP13.3-billion net income in the first half of 2017, higher than the PHP11.7 billion in the same period...

NegOcc MSME council to tap more gov’t agencies

BACOLOD CITY, July 31 -- The Provincial Micro, Small, Medium Enterprise Development (MSMED) Council of Negros Occidental will engage the participation of more government agencies in the succeeding annual learning activities...

Cusi creates Transition Panel to manage PEMC, WESM

Department of Energy (DOE) Secretary Alfonso G. Cusi on Friday ordered the creation of a transition committee for the interim management of the Philippine Electricity Market Corporation (PEMC) and the Wholesale...

BSP chief eyes more forex liberalization

MANILA, July 31 -- Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla Jr. vows further foreign exchange liberalization to help address rising financing requirements of the domestic economy. Espenilla said bank lending...

Peso predicted to reach 52-level vs. USD this year

MANILA, July 29 -- An analyst forecasts the Philippine peso to weaken beyond the government’s 48-50 target range for 2017 but considers this as still okay as long as depreciation is...

(Update): PSEi up for 4th day, closes at one-year high

MANILA, July 28 -- The Philippine Stock Exchange index (PSEi) extended its gains for a fourth straight day and closed at a one-year high of 8,071.47, up by 25.69 points or...
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