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The Bangko Sentral ng Pilipinas said the peso has sufficiently adjusted after  its gradual depreciation, warning speculators that the BSP is ready to deploy its full policy and regulatory arsenal to protect the local currency.

Tycoon Manuel Pangilinan wants the government to lift the moratorium on drilling and exploration in the disputed West Philippine Sea amid warming relations between Manila and Beijing.

The Department of Trade and Industry (DTI) has rejected an appeal to drop its directive handing over to manufacturers the control of setting and fixing suggested retail prices (SRPs) of basic necessities.

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When a person hears the word “update” or “notification,” more often than not, the first thing that comes to mind is Facebook, Twitter, Instagram, or the many other social networking applications. Hardly anyone sees any reference and connection between these words and taxation.

With the month-long business suspension of ride-sharing operator Uber Technologies Inc. in the Philippines, many commuters have been left trying to cope with the difficulty of getting an alternative vehicle like Grab or a regular taxi, not to mention having to contend with “surge” prices.

I was with Senate President Koko Pimentel the other night, and he assured me the Senate would earnestly investigate the death of 17-year-old Kian Loyd delos Santos who was killed during a police operation in Caloocan City last week.

Latest Business News

ABS-CBN Corp. is planning to spend over P3 billion for its direct-to-home (DTH) and broadband businesses this year.

 Local share prices will attempt to bounce back this week after finishing lower last week behind the slower economic expansion of the country in the first quarter.

PLDT Inc. has started a market scan of individuals who can serve as the telco and digital services provider’s new chief executive officer (CEO) as it looks to name a new head of the company by next year.

 GT Capital Holdings Inc. wants to place a bigger bet on the lucrative infrastructure sector on the back of the Duterte administration’s plan to usher in the so-called golden age of infrastructure in the country.

 The National Grid Corp.  of the Philippines (NGCP) is eyeing to fasttrack the permanent restoration of the Alabang tower ahead of its end-month target.

 The National Economic and Development Authority (NEDA) is now reviewing the feasibility study for the first phase of the Mindanao Railway Project with the intention of having it tackled by the NEDA Board next month.

The Investment Coordination Committee- Cabinet Committee (ICC-CabCom) of the National Economic and Development Authority (NEDA) has approved the expansion of passenger capacity of the Clark International Airport with a revised financing mode.

 Credit Suisse has appointed Michael de Guzman as head of Philippines coverage in its Asia Pacific Investment Banking and Capital Markets (IBCM) department.

 A non-government organization is pushing for the passage of a new mining law amid the continuing disagreement between departments on how to handle the industry.

  The construction of the first-ever rubber manufacturing plant in the country remains on track after a Finland-based tire company agreed to make a feasibility and technical study.

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