Finance

BSP launches PESONet system

MANILA - - The Bangko Sentral ng Pilipinas (BSP) launched on Wednesday the Philippine Electronic Fund Transfer and Operations Network (PESONet) to increase the number of electronic payments in the country. In...

BoC-10 closer to P13-B collection target for 2017

CAGAYAN DE ORO CITY – The Bureau of Customs in Northern Mindanao (BOC-10) is now closer to achieving its collection target as taxes and duties earnings have picked up in the...

Inflation remains manageable, says DOF

The Department of Finance (DOF) said inflation in October 2017 likely peaked at 3.5 percent from 3.4 percent a month ago, driven mainly by higher price increases in non-food items, particularly...

DepEd helps teachers manage finances

MANILA -- The Department of Education (DepEd) continues to explore ways that would enable teachers and other personnel to manage their finances. In a statement issued Friday, DepEd cited that these measures...

PSEi, peso up after two-day trading break

MANILA - - Both the Philippine Stock Exchange index (PSEi) and the peso finished Thursday better after a two-day trading suspension in line with the All Saints’ Day holiday. PSEi rose for...

DBS sees BSP rate hike before end ’17

MANILA - - Multinational banking institution DBS forecasts a hike in the Bangko Sentral ng Pilipinas’ (BSP) key rates before end-2017 partly due to sustained rise of inflation rate. “We expect BSP...

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