MORE FOREIGN CAPITAL entered than left the Philippines in June, the central bank said. — REUTERS By Keisha B. Ta-asan, Reporter FOREIGN PORTFOLIO INVESTMENTS registered a net inflow in June, ending four straight months of outflows, the […]
BSP has room to extend pause despite Fed’s latest rate hike — economists
The Bangko Sentral ng Pilipinas main office in Manila. THE BANGKO SENTRAL ng Pilipinas (BSP) has room to extend its monetary policy tightening pause at its meeting next month, despite the narrowing interest rate differential with the […]
BIR may start imposing withholding tax on online sellers by Q4
The Bureau of Internal Revenue (BIR) raised its revenue collection target this year. — PHILIPPINE STAR/RUSSELL PALMA THE BUREAU of Internal Revenue (BIR) is looking to start imposing a creditable withholding tax on partner-merchants of online platforms […]
DoE planning to include LGUs in one-stop shop for energy projects
THE WIND FARM in Pagudpud, Ilocos Norte. — PHILIPPINE STAR/KRIZ JOHN ROSALES THE PHILIPPINES’ Energy Virtual One-Stop Shop (EVOSS) will eventually include local government units (LGUs) in order to address delays in project approvals, the Energy secretary […]
Internet cost worries persist despite SONA’s digitalization push
GLENN CARSTENS PETERS-UNSPLASH By Miguel Hanz L. Antivola PRESIDENT Ferdinand R. Marcos, Jr. highlighted digitalization advancements in his second State of the Nation Address (SONA) on Monday, but analysts said that internet affordability remains a major concern. […]
Wilcon posts 15.4% decline in net income for Q2
LISTED home improvement and construction supply retailer Wilcon Depot, Inc. reported on Thursday a net income of P855.77 million for the second quarter (Q2), down 15.4% from P1.01 billion the previous year. The decline was attributed to higher operating […]
Aboitiz Power says fresh contributions from coal plants propel Q2 income
ABOITIZ Power Corp. (AboitizPower) recorded a consolidated net income of P10.3 billion for the second quarter, a 47.1% increase compared to P7 billion a year ago, boosted by fresh contributions from coal-fired power plants, the company said […]
CIC attributes income growth to core business strength
LISTED Concepcion Industrial Corp. (CIC) saw a 10% increase in net income, reaching P257.1 million for the second quarter, driven by its core business segments. “Our second quarter performance demonstrated the strength of our core business and […]
Sinead O’Connor, singer of ‘Nothing Compares 2 U,’ 56
UPLOAD.WIKIMEDIA.ORG-BRYAN LEDGARD DUBLIN — Sinead O’Connor, the Irish singer known for her stirring voice, 1990 chart-topping hit “Nothing Compares 2 U” and outspoken views, has died at the age of 56, Irish media quoted her family as […]
When even Swiss banks fail
By Diwa C. Guinigundo JCOMP-FREEPIK (Part 1) Banks should know what Basel regulatory framework is all about — it is aimed at strengthening banking regulation, supervision and risk management. Before, we had the Basel I […]