Finance

TDF yields down Wednesday

MANILA -- Weighted average accepted yield of both the seven-day and 28-day Term Deposit Facility (TDF) of the Bangko Sentral ng Pilipinas fell Wednesday. Data released by the central bank showed that...

PIRA members urged to meet new reserves standards

MANILA -- An official of the Philippine Insurers and Reinsurers Association (PIRA) urged member-companies to firm up their reserves as new regulations takes effect on Jan. 1, 2018. In his speech during...

Dominguez welcomes favorable EITI decision on PHL

Finance Secretary Carlos Dominguez III has welcomed the announcement of the International Board of the Extractive Industries Transparency Initiative (EITI) declaring the Philippines as the first country to have successfully obtained...

Dominguez lauds EO establishing OFW Bank

MANILA -- Finance Secretary Carlos Dominguez III on Monday hailed the signing of an Executive Order (EO) for the establishment of a bank specifically for Overseas Filipino Workers (OFWs). This after Malacanang made...

Peso stays flat vs USD; PSEi slids after posting new highs

MANILA – The Philippine peso finished Thursday almost unchanged against the USD, partly due to the negative close of the Philippine Stock Exchange index (PSEi) a day after posting another record-high...

PCC ensures promoting competition in PH market

MANILA -- The Philippine Competition Commission (PCC) has ensured to continue promoting competition in the local market as the country improved its ranking in the latest Global Competitiveness Report of the...

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