Finance

Peso stays firm vs. USD; PSEi slips after 2-day rally

MANILA - - The Philippine peso ended the week little changed against the US dollar but the main equities index ended its rally due to profit-taking. The local currency finished Friday at...

Marawi ‘ecozone’ to be center for MSMEs

The planned community-based economic zone to be established in Marawi City is envisioned to be a center for marketing, technical training, and food processing ventures for micro, small and medium enterprises...

Bitcoin worth millions stolen days before US exchange opens

TOKYO — A bitcoin mining company in Slovenia has been hacked for the possible theft of tens of millions of dollars, just days before the virtual currency, which hit a record above...

Banks bid more on 7-day TDF

MANILA - - Banks on Wednesday submitted higher bids on the Bangko Sentral ng Pilipinas’ (BSP) seven-day Term Deposit Facility (TDF) but tenders remained muted for the 28-day facility. BSP data showed...

8990 Holdings sets P3-B capex for 2018

MANILA -- Listed mass housing developer 8990 Holdings Inc. is earmarking PHP3 billion in capital expenditures (capex) for 2018, higher than this year’s PHP2 billion, to launch more residential projects. Incoming president and...

Palace Confident Budget, Tax Reform Bill will pass Bicam Panel

Malacañan is optimistic that the national budget and the tax reform bill will pass the bicameral conference committee, Presidential Communications Secretary Martin Andanar said on Saturday. “I am pretty sure that mahahanapan...

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