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The government is set to borrow P180 billion from the domestic market through the sale of T-bonds and T-bills in the second quarter, the Bureau of the Treasury (BTr) said yesterday.

 Term deposit continued to fetch higher yield as investors expect the US Federal Reserve to further raise interest rates this year.

The board of directors of the parent firm of Philippine Airlines (PAL) has approved an equity restructuring to remove both existing and additional deficit to be incurred after the acquisition of Zuma Holdings and Management Corp. and  subsidiary Air Philippines.

Columns

It would seem President  Duterte’s diplomatic skills are coming into fruition with the ambassadors of major superpowers US and China going to Davao City to wish him a happy birthday.

Today, we recognize the latest batch of Filipina entrepreneurs who are great examples for the next generation.

It’s summer, and with it comes the scorching heat – and brownouts.

Latest Business News

Savemore Market has embarked on a rapid expansion mode with the opening of several stores in different parts of the country, bringing the current network to 166 stores nationwide.

More manufacturing companies, particularly in the automotive sector, are relocating some of their Chinese operations back to the Philippines, according to Jones Lang Lasalle Philippines.

Community mall pioneer Walter Mart has teamed up with Aboitiz Power Corp. to power up its new malls under the Retail Competition and Open Access (RCOA) regime.

The market, through the benchmark Philippine Stock Exchange index (PSEi), is seen trading at a range of 7,000 to 7,400 this week, traders said.

Dutch financial giant ING Bank expects a slower growth of six to 6.2 percent for the Philippine economy in the first quarter due to moderate government spending and higher unemployment.

Fewer Filipino households allocated portions of remittances they received from their loved ones abroad to save and invest during the first quarter of the year as they prioritize their spending amid the sharp rise in consumer prices, results of a quarterly survey conducted by the Bangko Sentral ng Pilipinas (BSP) showed.

Investment banks expect the Bangko Sentral ng Pilipinas (BSP) to raise interest rates as early as May after keeping a dovish policy stance for almost three years.

The Bangko Sentral ng Pilipinas (BSP) said close to P800 billion worth of funds parked at the former special deposit account (SDA) facility had been migrated to the term deposit facility (TDF) since the shift to the interest rate corridor (IRC) framework nine months ago.

The 2016 Revised Implementing Rules and Regulation (IRR) of the Procurement Law that took effect on Oct. 28, 2016 will impact on all private-government procurement transactions.

Filipino consumers turned less optimistic in the first quarter of the year after the confidence index soared to an all-time high in the fourth quarter of 2016, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.

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