Magnitude 5.8 Mindoro earthquake felt in capital
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A MAGNITUDE 5.8 earthquake struck north of the island province of Occidental Mindoro on Wednesday morning, with various intensity levels of up…
BSP maintains key rate at record low
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The Bangko Sentral ng Pilipinas on Wednesday left its key interest rate unchanged at a record low. — REUTERS THE BANGKO SENTRAL…
Q1 PEZA investment approvals rise 54%
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By Jenina P. Ibañez, Reporter INVESTMENT PLEDGES approved by the Philippine Economic Zone Authority (PEZA) increased by almost 54% in the first…
Gov’t eyes credit rating system for LGUs by 2022
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THE GOVERNMENT is working on establishing a credit rating system for local government units (LGUs) by next year, as part of efforts…
PHL economy will struggle to recover — Fitch Solutions
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The Philiwppine economy shrank by 4.2% in the first quarter, the fifth consecutive quarter of decline since the pandemic began. — PHILIPPINE…
Duterte orders gov’t agencies to identify savings
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PRESIDENT Rodrigo R. Duterte has directed all agencies under the Executive department to identify savings from their 2020 budgets. In Administrative Order…
Jollibee swings to profitability, moves to cut debt
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JOLLIBEE Foods Corp. (JFC) generated P153 million in net attributable income despite lower sales in the first quarter, it said on Wednesday,…
Yields on term deposits drop on GDP data ahead of BSP review
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YIELDS ON the central bank’s term deposits declined on Wednesday following the release of the first-quarter gross domestic product (GDP) data and…
Cebu Air shareholders approve long-term incentive plan for employees
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SHAREHOLDERS of Cebu Air, Inc., the listed operator of budget carrier Cebu pacific, approved on Wednesday the company’s long-term incentive plan for…
LANDBANK lets clients open digital accounts via mobile app
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STATE-RUN Land Bank of the Philippines (LANDBANK) launched on Wednesday its digital on-boarding system (DOBS) mobile application to allow its clients to…
