PHP stays strong vs. USD, PSEi on the red after hitting 7,900-level

MANILA—The local equities market declined on profit-taking Tuesday after the main index breached the 7,900-level a day ago. But the local currency managed to remain firm....

Amazon gives voice enabled speaker a screen, video calling

NEW YORK — Amazon is giving its voice-enabled Echo speaker a touch screen and video-calling capabilities as it competes with Google’s efforts at bringing “smarts” to...

San Miguel Pure Foods net income up 20% to Php1.5B

  MANILA—San Miguel Pure Foods Company Inc. (SMPFC) sustained its strong performance in the first quarter this year, posting a net income of Php1.5 billion, 20...

Incoming BSP chief vows to promote greater financial inclusion

MANILA—The Duterte administration’s bid to elevate the lives of the poor got another boost. This as incoming Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla...

PHL budget deficit may rise to 4% of GDP if tax reform will not include revenue-enhancing measures

MANILA—The Department of Finance (DoF) foresees a rise in the share of government’s budget deficit to as much as four percent of gross domestic product (GDP)...

Oil firms cut pump prices of petroleum products

MANILA—Oil companies will cut pump prices of gasoline by Php 0.90 per liter; diesel by Php 1.05 per liter;and kerosene by Php 0.90 per liter effective...

Espenilla’s appointment as next BSP chief good for economy: ING economist

PHL top geologist urges gov’t to focus on ‘rare’ elements

MANILA—One of the top geologist in the country and a mining expert has urged the government to focus on “rare” elements that can possibly be found...

BSP chief thanks Pres. Duterte for naming new central bank Gov

MANILA—Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. thanked President Rodrigo R. Duterte for naming BSP Deputy Governor Nestor Espenilla Jr. as the next...

ASEAN urged to adopt transparency, regulatory reforms in non-tariff measures

MANILA—The Association of Southeast Asian Nations (ASEAN) member-states need to undertake transparency and regulatory reform efforts for better implementation of non-tariff measures (NTMs). In a discussion...