PSEi down as market goes prudent in another dull trade
The benchmark Philippine Stock Exchange Index (PSEi) closed lower on Thursday as investors stayed on the sidelines ahead of the long weekend. The PSEi ended the session down 0.63 percent,…
CIAC defers rental collection at Clark airport
Airlines and other airport stakeholders got a reprieve from their rental obligations at the Clark Civil Aviation Complex in Pampanga province. State-run Clark International Airport Corp. (CIAC) said in a…
Davao Light’s ‘digital substation’ goes on stream
The Aboitiz group’s Davao Light and Power Co. Inc. has brought online a digital substation, which is equipped with a communications system in order to enable Mindanao’s biggest distributor to…
US economy shrank at record-breaking 33% rate last quarter
In this July 13, 2020 file photo, a For Rent sign hangs on a closed shop during the coronavirus pandemic in Miami Beach, Fla. Having endured what was surely a…
Duterte’s telco takeover threat compounds red tape woes: 200 days to get permits
From breaking the duopoly to recent threats of a takeover, President Rodrigo Duterte’s relationship with industry giants PLDT Inc. and Globe Telecom has been a tense affair since the start…
Meet ‘BOB’, BSP’s chatbot to help consumers in complaints vs banks, financial firms
The Bangko Sentral ng Pilipinas (BSP) is now pilot testing an automated “chatbot” that will assist consumers in their complaints against banks and other financial institutions under the supervision of…
BSP economists see fuel prices nudging up July inflation
Prices of consumer goods and services were expected to have risen between 2.2 to 3 percent in July — higher than the central bank’s forecast for June — due to…
‘Hot money’ outflows from PH financial markets surged in H1 due to pandemic
MANILA, Philippines — Bangko Sentral ng Pilipinas-registered foreign portfolio investments for June 2020 yielded net outflows of $235 million resulting from the $1.3 billion gross outflows and $1.0 billion gross…
PH electronics sector seen to benefit from ‘high-tech’ COVID-19 new normal
MANILA, Philippines — The Philippines’ electronics sector stands to benefit from increasing global demand for tech goods amid COVID-19 lockdowns worldwide, hence would help ease the domestic recession inflicted by…
S. Korea, US extend $60b currency swap deal by 6 months amid pandemic
(Yonhap) SEOUL — South Korea and the United States have agreed to extend a $60 billion bilateral currency swap agreement by six months in an effort to help ease lingering…