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Economy/Banking

LOOK: BSP issues P100,000 Centennial commemorative note

Posted on Wednesday, 17 July 2019 04:46 PM | No Comments
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) on Wednesday announced it has issued a limited number of its biggest legal tender, the P100,000 Centennial commemorative note. In an...

Lagarde resigns as IMF chief

Posted on Wednesday, 17 July 2019 03:41 PM | No Comments
Christine Lagarde on Tuesday submitted her formal resignation as the Managing Director of the International Monetary Fund (IMF), with her eight-year tenure officially coming to an end on September 12....

DTI aims for ‘Smarter Entrepreneurs’ for Phl

Posted on Tuesday, 16 July 2019 11:57 PM | No Comments
Several business entrepreneurs on Tuesday (July 16) have joined the National Micro, Small and Medium Enterprise (MSME) Summit conducted by the Department of Trade and Industry (DTI) The summit aims...

DOTr, Japanese firms sign contract for PNR Tutuban-Malolos project

Posted on Tuesday, 16 July 2019 05:30 PM | No Comments
The Department of Transportation (DOTr), Japan Transport Engineering Company (J-TREC) and the Sumitomo Corporation on Tuesday (July 16) officially signed a P12.1-billion supply contract for the Philippine National Railways (PNR)...

Philippines’ biggest port passenger terminal opens in CDO

Posted on Tuesday, 16 July 2019 04:44 PM | No Comments
MANILA, Philippines — The Department of Transportation (DOTr) announced that the country’s biggest passenger terminal has been opened at the Port of Cagayan de Oro on Monday (July 15). The...

Status still unclear as Trump announces ease of trade ban vs Huawei

Posted on Friday, 5 July 2019 10:01 AM | No Comments
The status of Huawei in the United States market remains unclear after President Donald Trump announced plans to ease the trade ban against the Chinese company. President Trump made the...

BSP releases bills with Diokno’s signature

Posted on Thursday, 4 July 2019 04:04 PM | No Comments
The Bangko Sentral ng Pilipinas (BSP) released the first set of bills with the signature of central bank chief Benjamin E. Diokno on Thursday (July 4). “The 20-piso, 50-piso, 100-piso,...

DOLE studying feasibility of 14th month pay bill

Posted on Thursday, 4 July 2019 01:21 PM | No Comments
MANILA, Philippines – The Department of Labor and Employment (DOLE) on Wednesday said it is studying the feasibility of the proposal seeking to grant 14th month pay to workers in...

Employers group says 14th month pay bill to burden small businesses

Posted on Wednesday, 3 July 2019 08:24 PM | No Comments
MANILA, Philippines – The Employers Confederation of the Philippines (ECOP) on Wednesday warned against the possible effects of the bill requiring the private sector to grant its workers 14th-month pay....

DOF: Professionals exempted from paying business permit fees

Posted on Tuesday, 2 July 2019 03:37 PM | No Comments
MANILA, Philippines – The Department of Finance (DOF) on Tuesday said that while professionals are mandated to secure business permits for their offices or clinics, they are exempted from paying...