Business

Media giant ABS-CBN Broadcasting Corp. and Philippine Long Distance Telephone (PLDT) Inc. have former a partnership to offer iWant TV, ABS-CBN’s pioneering video-on-demand service, to subscribers of PLDT and its mobile unit Smart.

Volatility in the global financial market will continue until the United States Federal Reserve (the Fed) gives a clearer path for its key interest rates, Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. said.

By Riza Lozada Local banks’ foreign currency deposit units (FCDUs) have total deposits of $34.68 billion (P1.63 trillion) in the second quarter from $34.66 billion (P1.629 trillion) in the previous quarter, Bangko Sentral ng Pilipinas (BSP) data showed. 

The Development Bank of the Philippines (DBP) recently granted a P352-million loan to Birdsteel Farm, one of the top contract growers in the country, for its farm-expansion project.

By Riza Lozada The Association of Filipino Franchisers, Inc. (AFFI) is urging legislators to craft a law regulating rental rates in mall spaces.

Budget carrier Cebu Pacific Air (CEB) recently took delivery of the very first ATR 72-600 high-capacity aircraft at an event in Toulouse, France.

Conglomerate San Miguel Corp. (SMC) plans to put up a power plant and feed mills in Sulu before the year ends, Agriculture Secretary Manny Piñol said on Friday.

The first local telecommunications company to adopt the TV white space frequency for broadband use, Globe Telecom has successfully completed a TV white space trial for wireless backhaul.

The Department of Energy (DoE) will require gasoline stations with underground storage tanks to be located a safe distance away from residences.

By Riza Lozada Petitions for adjustments in power rates with the Energy Regulatory Commission (ERC) and proposals to raise excise taxes on petroleum products, along with a new round of transport-fare increases, threaten to raise inflation, which may trigger higher bank rates, the Bangko Sentral ng Pilipinas (BSP) said.