Gov’t eyes support for e-commerce boom
The country’s economic planners are pushing reforms in the e-commerce sector amid the boom in digital services but the government warned that increased transactions on the internet may also result…
Banks extend fee waivers for digital transactions
Clients of some of the country’s biggest banks will be able to use the services of two major digital payments channels for free until the end of the third quarter,…
Gov’t hikes UCPB stake, abandons privatization
The government has abandoned its previous plan to privatize United Coconut Planters Bank (UCPB) and instead jacked up control over the state-run lender so it can assist farmers and help…
NGCP defers implementation of allowable revenue hike
The Energy Regulatory Commission (ERC) said National Grid Corp. of the Philippines (NGCP) had unilaterally deferred the implementation of an interim scheme that would raise its maximum allowable revenue (MAR)…
ECQ impact on economy ‘more severe than expected’
The Philippines is bracing for a worse-than-expected drop in gross domestic product (GDP) in the second quarter as the country’s chief economist on Friday said the COVID-19 lockdown inflicted more…
‘Force majeure’ sets off another drop in Meralco rates
Manila Electric Co.’s (Meralco) overall rates will decrease by 2.86 centavos per kilowatt-hour in the July billing, the fourth reduction in as many months, as the distribution giant continues to…
Group seeks release of P1.4B in farm credit fund
The Federation of Free Farmers (FFF) urged the Department of Budget and Management (DBM) on Friday to immediately release the remaining funds under the Agricultural Competitiveness Enhancement Fund (ACEF) to…
PSEi inches up on bargain hunting
The local stock barometer ended marginally higher on Friday after falling most days of the week due to concerns on rising coronavirus infections locally. The main-share Philippine Stock Exchange index…
SEC approves first ever listing of a REIT company
Property giant Ayala Land Inc. has obtained approval from the Securities and Exchange Commission (SEC) to bring to public hands the country’s very first real estate investment trust (REIT) that…