DOF cites need for flexible exchange rate

MANILA – The Department of Finance (DOF) cited the need for a flexible exchange rate to ensure that market players easily adjust to economic developments. This was...

Business sector sentiment for Q1 slips on higher oil prices

MANILA – Business optimism in the Phlippines during the first quarter of 2018 has dropped due to the usual deceleration of business activities in the start of...

DTI pushes stance on contractualization

MANILA –– Department of Trade and Industry (DTI) Secretary Ramon Lopez said the agency would push for its position on contractualization as the government drafts the...

Macy’s tops 4Q expectations, optimistic outlook

NEW YORK —  Macy’s reported a better-than-expected gain for a key sales measure for the critical holiday period, as it benefited from an improving economy and...

PH gov’t posts 13% rise in revenues in ‘17

MANILA – The Duterte administration registered an 11 percent improvement on expenditures in 2017 but budget deficit fell 1 percent on account of the 13 percent year-on-year...

Diokno hopes Ease of Doing Biz bill signed by end-March ‘18

Site says YouTube dinged it for slamming shooting survivors

Infowars, a conspiracy website that suggested survivors of the Florida school shooting were coached on their pleas for gun control, said its video account was temporarily...

Amazon to buy Ring, maker of Wi Fi connected doorbells

NEW YORK —  Amazon is expanding its home-security business by buying Ring, which makes Wi-Fi-connected cameras and doorbells. The deal comes months after the online retailer...

PSEi up for 2nd day Tuesday; peso weakens

MANILA —  The Philippine Stock Exchange index (PSEi) rose for the second consecutive day Tuesday mirroring upbeat sentiment in Wall Street, but the peso weakened. PSEi...

More foreign fund flows boost peso, PSEi

MANILA —  Risk-on sentiment returned to the Philippines’ financial markets Monday and enabled both the peso and the Philippine Stock Exchange index (PSEi) to stay up....