Young people submit their applications during a job fair in Pasay City, Nov. 7, 2023. — PHILIPPINE STAR/EDD GUMBAN THE COUNTRY’S unemployment rate dropped to another record low in November, as businesses ramped up hiring ahead of the holiday season, the Philippine Statistics Authority (PSA) said on Tuesday. Preliminary results […]
Banks’ NPL ratio slips to two-month low
BW FILE PHOTO PHILIPPINE BANKS’ asset quality improved in November as the banking industry’s gross nonperforming loan (NPL) ratio slipped to its lowest in two months. Preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed banks’ NPL ratio stood at 3.41% in November, easing from the five-month high of […]
BIR waives annual registration fee for business taxpayers
PHILIPPINE STAR/EDD GUMBAN By Luisa Maria Jacinta C. Jocson, Reporter BUSINESS TAXPAYERS will no longer have to pay the annual registration fee with the Bureau of Internal Revenue (BIR) starting this year. In an advisory, the BIR said it will stop collecting the annual registration fee from business taxpayers effective […]
Manufacturing output up 1.9% in November
Workers are seen inside a manufacturing plant in Sto. Tomas Batangas, March 1, 2023. — PHILIPPINE STAR/KRIZ JOHN ROSALES By Lourdes O. Pilar, Researcher FACTORY OUTPUT expanded in November, but the activities related to food items continued to drag the overall manufacturing sector. Preliminary results of the Philippine Statistics Authority’s […]
PSE names 55 Shari’ah-compliant companies, adds Fruitas, Petron, Prime Media
REUTERS SHARI’AH-COMPLIANT companies listed on the Philippine Stock Exchange, Inc. (PSE) have decreased to 55 from 60 after the market operator’s quarterly screening for the period ending Dec. 25. Eight securities were removed, and three were added based on the PSE’s latest Shari’ah-compliant list, released in a memorandum dated Jan. 8. […]
Cebu Landmasters board OK’s 3-M preferred shares offering
CEBU Landmasters, Inc.’s (CLI) board has approved a public offering of up to three million series A preferred shares, the listed property developer announced on Tuesday. The company said in a stock exchange disclosure that a special board meeting on Monday approved oversubscription for up to two million series A […]
Gov’t fully awards P30B in fresh 5-year bonds amid high demand
BW FILE PHOTO By Aaron Michael C. Sy, Reporter THE BUREAU of the Treasury fully awarded fresh five-year Treasury bonds (T-bonds) that it auctioned off on Tuesday with a coupon rate higher than secondary market levels amid waning expectations of an earlier rate cut by the US Federal Reserve. It […]
MPTC says toll plazas meet TRB standards in cashless dry run
THE Metro Pacific Tollways Corp. (MPTC) on Tuesday said it is working with the Toll Regulatory Board (TRB) to set an “aligned timeline” for the full implementation of cashless transactions on tollways, aiming to alleviate queuing and traffic congestion. “To date, our toll plazas undergoing the cashless dry run are […]
BDO eyes P5B from second ASEAN sustainability bonds
BDO UNIBANK, Inc, (BDO) is looking at raising P5 billion from peso-denominated Association of Southeast Asian Nations (ASEAN) sustainability bonds, it said in a disclosure to the Philippine Stock Exchange on Tuesday. Net proceeds from the bond would be used to diversify its funding sources and finance or refinance assets, […]
No reason to be complacent: Sweatshops and Pope Francis
COMMONS.WIKIMEDIA.ORG (Part 4) The Pope in his Message on the 2023 World Day for the Poor has raised the standards for helping the poor. Because of extreme poverty in the past, some societies have gotten used to ways of alleviating the plight of the poor that cut corners and offend […]