PSEi slips on oil hike fears; peso closes flat vs dollar

Manila, Sept. 18 -- The local stock market slipped on Friday as investors remained cautious ahead of the expected big-time oil price hike next week, while the peso closed almost flat against the Unite... Read More

Prices of building materials in NCR eases in August

Manila, Sept. 16 -- The retail price index of construction materials in the National Capital Region (NCR) eased in August compared to the previous month. Data released by the Philippine Statistics Au... Read More

LandBank earns global recognition for sustainable energy financing

Manila, Sept. 16 -- State-owned Land Bank of the Philippines received an international award for its contribution to the country's energy security and clean energy transition. In a statement on Wedne... Read More

BIR enforcement drive nets major seizures

Manila, Sept. 15 -- The Bureau of Internal Revenue (BIR) said its month-long nationwide enforcement drive covering fuel, illicit vape products, sabong (cockfighting) operations and Cash Register Machi... Read More

Remittances from overseas Filipinos hit 7-month high

Manila, Sept. 15 -- Money sent home by overseas Filipinos recorded a seven-month high, reaching USD3.24 billion in July, the Bangko Sentral ng Pilipinas (BSP) said. Data released by the BSP on Tuesda... Read More

Moody's to acquire minority stake in PH rating firm

Manila, Sept. 15 -- Moody's Corp. has taken a strategic minority stake in Philippine Rating Services Corp. (PhilRatings), marking the first time a global credit rater has invested in a local Philippin... Read More

BIR removes VAT on system loss charge

Manila, Sept. 14 -- The Bureau of Internal Revenue (BIR) issued a memorandum circular on Monday, removing the value-added tax (VAT) on the allowable system loss charge within the cap approved by the E... Read More

EU, Spain join Luzon Economic Corridor to hasten infra investments

Manila, Sept. 10 -- The European Union and Spain have officially joined the Luzon Economic Corridor (LEC) partnership, expanding the international coalition to 13 members. LEC Co-Chair and Finance Se... Read More

FDI net inflows hit $447M in June

Manila, Sept. 10 -- Foreign direct investments (FDI) recorded net inflows of USD447 million in June this year, data released by the Bangko Sentral ng Pilipinas (BSP) on Thursday showed. The amount wa... Read More

Banks' non-performing loans up in July

Manila, Sept. 9 -- The ratio of non-performing loans (NPLs) to total loans at Philippine banks rose in July this year. Latest data from the Bangko Sentral ng Pilipinas (BSP) showed that the NPL ratio... Read More

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