Finance

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...

MRC, mall developer discuss tie-up in solar panel installation

MANILA -- Listed firm MRC Allied Inc. is in talks with XRC Mall Developer Inc. (XRC) for a tie-up in the installation of solar panels in the latter's community malls. The discussions are...

LGU treasurer in P728-M fertilizer fund scam dismissed from service

Acting on the orders of the Office of the Ombudsman, the Department of Finance (DOF) has dismissed from the service for grave misconduct a municipal treasurer from Guimbal, Iloilo for her...

Solon wants to reallocate PNP’s P900-M ‘Double Barrel’ budget to PDEA

MANILA -- A leader of the House of Representatives is pushing for the reallocation of the PHP900-million budget of the Philippine National Police’s (PNP) Oplan Double Barrel for 2018, following President Rodrigo...

PHL surpasses 9 requirements in record compliance with EITI Standard

The Philippines has surpassed the requirements in nine areas set by the Extractive Industries Transparency Initiative (EITI) on global benchmarks for good governance in the oil, gas and mineral sectors in...

BSP chief: Peso still stable amids hitting 11-year lows

MANILA -- Hopes for additional hikes in the Federal Reserve rates as well as naming of a hawk to head the Fed are the recent reasons for the drop of the Philippine...

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