P845M in EU grants to Mindanao eyed for COVID-19 response
The European Union (EU) and the Philippines are in talks to possibly divert at least P845 million in grants earlier set aside for peace-building initiatives in Mindanao to COVID-19 response…
Number of Filipinos having finance accounts growing, says BSP
Almost a third of Filipinos now have financial accounts, up from slightly less than one-fourth of the population only two years ago — a level that is expected to rise…
No Wirecard money in PH, but AMLC to ‘hold unscrupulous individuals accountable’
MANILA, Philippines – The government’s dirty money watchdog has found no indications that any of the missing $.19 billion of German electronic payments firm Wirecard AG ever landed on Philippine…
ADB: PH’s COVID-19 war chest inched up to P1.04 trillion as of mid-July
MANILA, Philippines — The Philippines’ war chest against the COVID-19 crisis inched up to $21.046 billion (about P1.04 trillion) as of mid-July, although still lower than most of its Southeast…
RLC raises P13.2B from bond sale
Robinsons Land Corp. (RLC) Gokongwei-led property developer Robinsons Land Corp. has raised P13.2 billion from a new offering of local bonds, taking advantage of the slowdown in local interest rates…
Megawide bags original proponent status for NAIA modernization
Megawide director Louie Ferrer and chair/CEO Edgar Saavedra Construction and engineering firm Megawide Construction Corp. has bagged the right to negotiate with the government as a partner for the modernization…
Asian markets bounce from sell-off but caution lingers
HONG KONG, China – Asian markets edged up Friday following an across-the-board sell-off the previous day, but disappointing recent data has jolted optimism over the economic recovery that has helped…
Philippine Seven pauses expansion program
A 7-Eleven store Photo by LEO M. SABANGAN II. The country’s leading convenience store chain operator, Philippine Seven Corp. (PSC), plans to halve its capital outlays this year to P2…
Stocks dip on Wall Street as global rally fades, led by tech
NEW YORK — Wall Street stumbled on Thursday after a report showed layoffs continue to sweep the country at a stubbornly steady pace, one of several mixed reports to highlight…
PSEi recovers on GCQ extension, vaccine hunt news
The local stock barometer rebounded in thin trading on Thursday as investors drew relief from the government announcement that Metro Manila won’t be returning to tighter lockdown protocols. The Philippine…