Expected win of Duterte bets good for continuity of policy reforms, says Fitch

MANILA – The expected victory of senatorial candidates endorsed by President Rodrigo Duterte would be good for the continuity of policy reforms under the...

Vista Land nets P2.9B in Q1, up 12%

MANILA – Villar-led property developer Vista Land & Lifescapes Inc. posted a net income of P2.9 billion in the first quarter of 2019, up...

London-based firm flags fiscal risk of midterm election results

MANILA – Allies of President Rodrigo Duterte are poised to bag most of the vacant senatorial seats and London-based Capital Economics says this may...

Luzon power situation to normalize by Sept. – NGCP

MANILA – As yellow and red alerts continue to be issued over the Luzon power grid this summer due to thin reserves, the National...

Malling Is More Fun In The Philippines at SM Supermalls!

AS a social country, we, Filipinos, love taking care of our loved ones and ourselves. While in other countries, online shopping is going grand...

China has $3.65-trillion war chest to counter US tariffs

WASHINGTON – Beijing’s main defense against trade-war fallout this year is more likely to come from the finance ministry than the central bank, no...

Fitch Solutions warns: Current top Senate bets could drag PH’s political risk score

MANILA – With administration allies poised to bag most of the senatorial seats in the midterm elections, Fitch Solutions Macro Research flagged that this...
Bangko Sentral ng Pilipinas said a total of P80 billion will be offered this week, lower than the P100 billion last week. The seven and 14-day facilities will be offered for P20 billion each, while the 28-day offering is P40 billion. RAPPLER

BSP cuts banks’ reserve requirement ratio by 200 bps

MANILA – Bangko Sentral ng Pilipinas’ (BSP) policy-making Monetary Board (MB) on Thursday cut by 200 basis points the reserve requirement ratio (RRR) of...

DOE eyes 70% cap on power plants’ contracting capacity by Q3

MANILA – Power producers in the Philippines will be required to have a 70-percent cap on their contracting capacities, likely by the third quarter...

Personal remittances rise to P8.1B in Q1 2019

MANILA – Personal remittances from Overseas Filipinos (OFs) increased by 6.4 percent year-on-year to USD2.8 billion in March 2019 from USD2.6 billion in March...