Category: Business

All prepaid load denominations now good for 1yr

MANILA — Telecommunication giants PLDT Inc. and Globe Telecom will also extend the validity of prepaid loads amounting to less than PHP300 to one year effective July 5. This, after the duopoly began implementing one-year...

June inflation accelerates to 5.2%

MANILA — Actual inflation rate in June exceeded the government’s outlook as it stood at 5.2 percent, a record-high in more than five years. Data released by the Philippine Statistics Authority (PSA) Thursday showed that...

PSE gets SEC approval for short selling

MANILA — The Philippine Stock Exchange, Inc. (PSE) has secured the approval of the Securities and Exchange Commission (SEC) to introduce short selling in the stock market. Short selling is in place in several exchanges...

Japan plans to provide 42.48-B yen loan to PH

MANILA –– Japan plans to provide official development assistance (ODA) loans of up to 42.48 billion yen (about PHP20.6 billion) for two infrastructure projects, including upgrading the Metro Rail Transit (MRT) 3 railway in...

BOP deficit surges in May

MANILA — The Bangko Sentral ng Pilipinas (BSP) reported Tuesday that the country’s balance of payments (BOP) position this May posted a deficit of USD583 million, a surge relative to the USD59-million deficit in May...