PH to stage 1st garments, leather goods expo

MANILA — The country will be hosting the first Philippine Garment, Leather Goods Industries, and Fabrics Expo on Aug. 23-26 at the SMX Convention Center in Pasay...

No need for SRP hike moratorium: DTI

MANILA — A moratorium on increasing suggested retail prices (SRPs) on basic goods may be unnecessary at this time despite rising inflation, the top trade official said....

Peso stays firm, local shares down on selling pressures

MANILA — The Philippine peso showed its resiliency Friday after ending little changed against the greenback but the Philippine Stock Exchange index (PSEi) succumbed to bearishness. The...

Economist says BSP rate hikes favor Peso

MANILA — An economist of ING Bank Manila believes the additional hike in Bangko Sentral ng Pilipinas’ (BSP) key rates effective August 10, would help buoy the...

Fitch Solutions sees one more rate hike, cuts GDP growth forecast

MANILA — Citing sustained rise of inflation and credit growth, Fitch Solutions forecasts an additional 25 basis points increase in the Bangko Sentral ng Pilipinas’ (BSP) key...

PCC gives nod to Grab-Uber deal

MANILA — The Philippine Competition Commission (PCC) Chairman Arsenio Balisacan announced Friday the antitrust body has given the green light to go ahead with the acquisition deal...

DTI chief: PH economy ‘still doing good’

PH economy to get back on track after Q2 ‘breather’: DOF

MANILA — The Department of Finance (DOF) is still optimistic that the Philippine economy’s momentum will get back on track after it “took a breather” in the...

Landbank eyes lower offer price for PDSHC share holders

MANILA — The top management of Land Bank of the Philippines (Landbank) is considering a lower purchase offer to shareholders of Philippine Dealing System Holdings Corp. (PDSHC)...

Dominguez wants dialogue to clear ambiguities of federalism

MANILA — Finance Secretary Carlos Dominguez III has maintained that the draft federal constitution contains ambiguous provisions on the allocation of expenditures for the would-be federated government...