Business

BSP probe into alleged Metrobank fraud may take a month to complete

MANILA, July 25 - Bangko Sentral ng Pilipinas’ (BSP) investigation of the alleged fraud, amounting to at least PHP900 million, in Metropolitan Banking & Trust Company (Metrobank) may take a month,...

Dominguez to get OSG’s opinion on Tribunal’s ruling on Maynilad’s compensation claims

MANILA, July 25 - The Philippine government has yet to decide on its move regarding the Arbitral Tribunal’s decision favoring Maynilad Water Services (Maynilad) on its compensation claims on losses from...

President Duterte leads turnover of classroom from FFCCCII

President Rodrigo Roa Duterte on Tuesday, July 25, witnessed the ceremonial turnover of more than 300 units of two-classroom school building from the Federation of Filipino-Chinese Chambers of Commerce and Industry,...

Tribunal favors Maynilad vs. gov’t over P3.4-B compensation claim

MANILA, July 25 -- The three-man arbitral tribunal has ordered the Philippine government to pay PHP3.42 billion to Maynilad Water Services, Inc., the water unit of Metro Pacific Investment Corp. (MPIC),...

MBC lauds PRRD’s emphasis on tax reform, education

MANILA, July 25 -- The Makati Business Club (MBC) welcomed President Rodrigo Duterte’s emphasis on tax reform program and education as well as other initiatives that will back the country’s strong...

Land Bank begins HARVEST for Mindanao

MANILA, July 23 -- Finance Secretary Carlos Dominguez III announced that the Land Bank of the Philippines has begun implementing a Japan-funded USD 40 million (PHP1.76 billion) project that aims to...
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