Inflation, typhoon devastation only temporary setbacks: Pernia

Another hike in pump prices slated Sept. 18

MANILA — Local oil companies are again set to implement increases in the prices of their petroleum products effective Tuesday, Sept. 18, as the uptick in world...

BSP enhances guidelines on currency rate risk protection program

MANILA — The Monetary Board (MB) approved the enhanced guidelines on the Currency Rate Risk Protection Program (CRPP) aimed at easing the demand pressures in the foreign...

Local markets flat on investors’ risk-off sentiment

MANILA — The week’s trading began with indices little changed as investors continue to weigh developments overseas. PSEi gained 0.006 percent, or 0.41 points, to 7,413.56 points,...

Espenilla discounts off-cycle action ahead of policy meeting

MANILA — Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. discounted any off-cycle actions ahead of the Monetary Board’s (MB) meeting on September 27 despite...

Asian shares fall on fears over US China tariffs standoff

SINGAPORE — Asian shares were mostly lower Monday on reports that President Donald Trump will soon place tariffs on $200 billion more of Chinese goods, even...

Amazon launches small business shop

NEW YORK — Amazon wants you to shop small. The online retailer launched a new section of its site Monday called Amazon Storefronts, which only lists...

Co-founder of Salesforce buys Time magazine for $190 million

WASHINGTON — Time Magazine is being sold by Meredith Corp. to Marc Benioff, a co-founder of Salesforce, and his wife, it was announced Sunday. Meredith announced...

Bank of England chief issues another Brexit warning

LONDON — Bank of England Governor Mark Carney warned Friday that developments surrounding Brexit are “the most significant influences” on the economic outlook for Britain. A...

Layoffs hit, prices lag as tariff pinches lobster industry

PORTLAND, Maine — The American lobster industry is starting to feel the pinch of China’s tariff on U.S. seafood as exporters and dealers cope with sagging...