BSP eyes to have a uniform financial benchmark within ‘14

MANILA — The Bangko Sentral ng Pilipinas (BSP) expects to come out within this year with a financial benchmark that banks will use for the pricing...

Rule on bank officers’qualifications eased

MANILA — The Bangko Sentral ng Pilipinas eased the qualifications and requirements for a bank director’s appointment, in a circular released recently. Exemptions to the previous rule...

Group seeks review of mining tax scheme

DBM clarifies only P136.75-B DAP fund used to accelerate priority infra projects

MANILA — The Department of Budget and Management (DBM) on Friday clarified that only P136.75 billion was made at the disposal of the Executive branch through...

FDI in PHL’s manufacturing, agro-industry seen

MANILA — Manufacturing and agro-industry, among others, are some of the sectors seen to continue attracting foreign direct investments (FDIs), according to Philippine Economic Zone Authority...

Canada envoy visits Cebu, urges economic trade reforms

Cebu City, Cebu – On a recent visit to the city of Cebu in the Visayas region of the Philippines, Canadian Ambassador to the Philippines Neil...

Villar: traders manipulated garlic price

MANILA – Senate committee on agriculture and food chair Senator Cynthia Villar said yesterday that the unreasonable increase in the price of garlic is a result...

Euro working group approves disbursement of 1 billion euro loan installment for Greece

ATHENS—Greece’s finance ministry says a key body monitoring the country’s international bailout has approved the disbursement of the next batch of rescue loans. The ministry said...

Forget positive job numbers; politicians swap blame, hedge bets heading into midterm elections

WASHINGTON—The top jobs numbers for June would have seemed to be cause for some appreciation. After all, the unemployment rate dipped to 6.1 per cent, the...

CA affirms RTC decision allowing revision of CAP’s rehab plan

MANILA – The Court of Appeals affirmed the Regional Trial Court’s (RTC) decision allowing the cash-strapped firm College Assurance Plan Philippines Inc. (CAP), to undergo a...