Finance

TDF rates up this week

MANILA -- Rates of the Bangko Sentral ng Pilipinas’ (BSP) Term Deposit Facility (TDF) rose Thursday, with banks exceeding the offering for the longer-dated facility. Data released by the central bank showed...

BSP set to relaunch consolidation program for rural banks

MANILA -- The Bangko Sentral ng Pilipinas (BSP) is set to sign with several other government agencies an amended rules governing consolidation of rural banks. BSP Deputy Governor Chuchi Fonacier said they...

Dominguez cites value of using gov’t funds for infra projects

MANILA - The public-private partnership (PPP) mode of building infrastructure is to the detriment of the public because of the delay in project implementation instead of using available government funds to...

BDO urges account holders to get EMV-chip cards

MANILA - - Sy-led Banco de Oro Unibank Inc. (BDO) is urging its account holders to apply for their EMV-chip powered debit cards to further protect them against criminals  who target...

Sin tax take reaches P17.7B in September

MANILA -- The Bureau of Internal Revenue (BIR) posted PHP17.7 billion sin tax collection in September 2017, up 12 percent from PHP16.67 billion a year ago. Department of Finance Undersecretary Antonette Tionko told...

Dominguez debunks misleading claim on supposed drop in FDIs

Finance Secretary Carlos Dominguez III has debunked unfounded concerns over the supposed drastic drop in the flow of foreign direct investments (FDIs) into the Philippines as he pointed to the recent...

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