Top News

By Gia Catimbang  The Federal Republic of Germany wants a stronger partnership with the Philippines to benefit the Filipinos through increased trade, technology transfer and more investments.

The World Bank Group vowed to scale up support for peace-building and development in Mindanao as part of the midterm adjustment of its country partnership strategy. 

The Bangko Sentral ng Pilipinas (BSP) will issue commemorative circulation coins in celebration of the 100th birth anniversary of educator and historian Reverend Horacio dela Costa, and the 150th birth anniversaries of two Philippine Revolutionary Army officers, Generals Artemio Ricarte and Isidro Torres.

By Riza Lozada  The Marawi City crisis and martial law in Mindanao were among the factors cited for a dip in business sentiment for the third quarter, according to the periodic Business Expectation Survey of the Bangko Sentral ng Pilipinas (BSP).

The government expects to collect soon a P25-billion compromise deal with domestic cigarette maker Mighty Corp. over unpaid taxes as a result of Japan Tobacco International’s (JTI) acquisition of the local firm in a P50 billion deal. JTI, which is partly owned by the Japanese government, has sealed the deal to acquire cigarette manufacturer Mighty Corp. for P45 billion, of …

The weak peso helped local products to regain their price competitiveness in the world market, consistent with the government’s investment and export-led growth strategy, Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. said.

By Luis Leoncio  The Asian Development Bank (ADB) has allotted nearly $4 billion (P200 billion) to bankroll infrastructure spending under President Duterte, which is expected to reach P1.5 trillion until 2022 when Mr. Duterte’s term ends.

Businessman Enrique K. Razon jumped to the third richest man in the country after successes in his drive to expand globally his port operating business, overtaking perennial third placer taipan Lucio Tan, the 2017 Forbes Philippines Rich List showed Razon, Chairman of International Container Terminal Services, saw his wealth rise by $800 million from $3.5 billion to $4.3 billion this …

By Riza Lozada Korean companies operating in the Philippines are packing up and moving to Vietnam not because of political conflict but the cost of operating a business in the country, Korean Chamber of Commerce of the Philippines President Ho Ik Lee said. 

The Department of Health (DOH) is monitoring the health of seven persons who have been exposed to infected fowls and have shown symptoms of flu.