Recent Posts

Bourse transfers to BGC late 2016

By the end of next year, the local stock market will have one trading floor as it moves its headquarters from Makati City to Fort Bonifacio, Taguig City, after bourse operator, Philippine Stock Exchange Inc. (PSE) signed a deal with Fort Bonifacio Development Corp. for the PSE headquarters and its unified trading floor worth P805.37 million.

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8990 eyes 9 new projects this year

Listed mass-housing developer 8990 Holdings Inc. is set to launch nine projects mostly in the Visayas and Mindanao to beef up its inventory of housing units. In addition to the new projects, the 10 ongoing projects will provide a total of 19 projects equivalent to 11,083 housing units for a total gross value of P10 billion this year.

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BSP: Old banknotes demonetized by 2017

By Riza Lozada All banknotes issued in 1985 or earlier ceases to become a legal tender starting 2017, the Bangko Sentral ng Pilipinas (BSP) said last week as it launched an information campaign on the demonetization.

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UN chief: Save migrants, deal with cause of flight

Yangon, Myanmar—UN Secretary-General Ban Ki-moon on Saturday urged Southeast Asian nations to deal with the causes behind a growing humanitarian crisis that has forced thousands of Rohingya from Myanmar and Bangladeshi migrants to flee by sea, leaving many still stranded in boats.

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Islamic State loyalists claim Saudi attack

Riyadh, Saudi Arabia—A suicide bomber unleashed a blast in a Shiite mosque in eastern Saudi Arabia as worshippers commemorated the birth of a revered saint, killing at least 21 people and wounding dozens more in the deadliest attack seen in the kingdom in more than a decade. Loyalists of the Islamic State group claimed responsibility for the bombing.

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More kinks seen in sale of GFB

By Riza Lozada Pension fund Government Service Insurance System (GSIS) continues to be hounded by problems in selling its GSIS Family Bank (GFB) unit, as bidders wanted an assurance that the 20 branches of the bank would retain its privilege of being exempt from paying licensing fees.

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