Finance

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...

DOF wants Landbank, GSIS to refinance public teachers’ loans

Finance Secretary Carlos Dominguez III called on the Land Bank of the Philippines and the Government Service Insurance System (GSIS) to work out an easy-to-pay, low-interest refinancing program for loans incurred...

PHL, China cite need to prioritize 8 projects for speedy implementation

BEIJING—Philippine and Chinese officials cited Wednesday the efforts by the two countries to further streamline and expedite the approval process on the first “basket” of infrastructure projects, which initially prioritizes eight...

Dominguez assures prospective investors gov’t moving to ease foreign ownership limits

Finance Secretary Carlos Dominguez III has assured Japanese businesspersons that the move to relax foreign ownership restrictions in certain industries via amendments to the Constitution might commence next year in fulfillment...

Peso, PSEi finish week with gains

MANILA -- Volatility in the financial market continues to affect the Philippines’ financial markets but on a positive note with equities market recovering amid foreign selling and the peso improving against...

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