Top News

BSP revising rules on realty exposure of banks

By Riza Lozada  The Bangko Sentral ng Pilipinas (BSP) has sought the view of local banks on a proposal to redefine their real-estate exposure, to include investments in socialized-housing developments. 

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Aquino orders close DOH monitoring of Zika virus

President Aquino directed the Department of Health (DOH) to monitor the situation abroad and study the Zika virus to ensure public safety, a Malacañang official said.

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Zika not ‘new Ebola,’ warrants different response—UK think tank

London—Although some lessons from the Ebola outbreak can be applied, the recent spread of the Zika virus presents a different challenge and needs a different response, according to a commentary published Friday by a British think tank Chatham House. 

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Analysts see silver lining amid market down

By Luis Leoncio The current market downturn resulting from the flight of foreign funds from the Asian market has a good side to it, according to analysts who now consider the local stock exchange as a buyers’ market. 

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Abaya’s DOTC blamed for MRT-3 breakdowns

By Luis Leoncio  The sad state of the Metro Rail Transit Line 3 (MRT-3) system is due mainly the failure of the government to fully implement the provisions of its concession agreement with the Metro Rail Transit Corp. (MRTC), the Commission on Audit (COA) said in a report. 

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IMF downgrades growth outlook after WB, ADB

By Luis Leoncio  The country’s growth estimate for this year received another downgrade in the run-up to the national elections in May, as the International Monetary Fund (IMF) cut its 2016 projections to 5.7 percent, from 6 percent; and next year’s to 6.2 percent, from 6.3 percent. 

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Aquino legacy: Promises, promises, promises

By Dean dela Paz  The first promise was when Benigno Aquino III, still then a new president and still enjoying his political honeymoon, complete with his newly draped attendant mantle of trust, had boldly told businessmen across the country, then taking off from a 7.3-percent gross domestic product (GDP) growth during the last year of the previous administration, would henceforth be …

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SAF 44 commandos to get posthumous awards

President Aquino has authorized the conferment of medals of honor on the 44 Special Action Force (SAF) commandos of the Philippine National Police who died in battle in Mamasapano, Maguindanao, in commemorative rites on Monday marking the first anniversary of the ill-fated mission. 

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Globe urges govt to take lead in fast Internet bid

By Luis Leoncio (First part) Globe Telecom has called on the government to make Internet infrastructure among its first priorities to enable businesses to realize their full capabilities amid the strong economic growth and robust digitization of various industries. 

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Bangko Sentral won’t step in, despite weak peso

By Riza Lozada The Bangko Sentral ng Pilipinas (BSP) has said it will not intervene in the foreign-currency market, even as the peso continues its slide to record lows. 

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