Udenna buys H2O Ventures for P327-M

MANILA — Udenna Development Corp. (Udevco) of businessman Dennis Uy on Thursday signed a deal to acquire listed Philippine H2O Ventures Corp., owner of the waterworks...

Gov’t set to revise upward export goal

MANILA —The inter-agency Development Budget Coordinating Committee (DBCC) is expected to announce on Friday an upward revision in the government’s exports goal. Finance Undersecretary Gil Beltran...

Peso, PSEi up Thursday

MANILA — Signing into law of the first package of the Duterte administration’s tax reform program continues to boost the Philippine peso as well as the...

Banks issue holiday advisories

MANILA — Select branches of Sy-led Banco de Oro Unibank Inc. (BDO) will be operating on shortened hours for several days this coming Christmas holidays. In...

7 firms to submit joint NAIA rehab plan

MANILA — A company and subsidiaries of six large conglomerates in the country have agreed to form a consortium to rehabilitate, operate and maintain the Ninoy...

DTI assures stable supply of Noche Buena products

MANILA — The Department of Trade and Industry (DTI) has assured the public that the supply of Noche Buena products remains stable. Trade Secretary Ramon Lopez...

Diokno on withdrawal for 2nd MCC grant: We want policy independence

MANILA — The Philippines withdrew its  application for second assistance from the Millennium Challenge Corp. (MCC) for policy independence. Budget and Management Secretary Benjamin Diokno, in...

7-day TDF attracts higher bids

MANILA — Yield of the Bangko Sentral ng Pilipinas’ (BSP) seven-day Term Deposit Facility (TDF) declined Wednesday but its bid coverage ratio improved after the facility...

Prepaid loads expiration extended to one year

MANILA — Expiration period of prepaid loads will be extended up to one year with the new Joint Memorandum Circular of Department of Trade and Industry...

Peso up on tax reform law signing; PSEi down anew