Business

Car importers post sales slump in August

Car importers posted a double-digit sales decline in August, no thanks to fresh lockdowns that hit demand anew. Imported cars sold in August stood at 3,919 units, down 18% year-on-year, the Association of Vehicle Importers and Dis ...

GDM | 2 days ago

Business

Globe is now largest PHL publicly-listed telco

Globe is now the largest telecommunications company in the Philippines in terms of market capitalization, the company announced Monday. In a statement, Globe, with trading symbol GLO at the Philippine Stock Exchange, said it now h ...

GDM | 1 week ago

Business

Financial consumers to benefit from proposed protection act

The Bangko Sentral ng Pilipinas (BSP) said Monday the proposed Financial Consumer Protection Act (FCPA) would be an enabling law for protecting financial consumer welfare.  “This legislative initiative has far-reaching ...

GDM | 1 week ago

Business

BSP urges fintechs to take advantage of e-payments rise

Financial technology firms (fintechs) should seize opportunities presented by the rise in digital transactions and issuance of supportive e-payment policies in developing innovative solutions, the Bangko Sentral ng Pilipinas said Friday.  ...

GDM | 2 weeks ago

Business

Converge borrows P3 billion from LandBank

Broadband service provider Converge ICT Solutions Inc. said Friday it secured a P3-billion loan from state-run Land Bank of the Philippines to fund the completion of its terrestrial and subsea domestic fiber backbone network. In a ...

GDM | 2 weeks ago

Business

PNCC’s capacity to lease out state property in Pasay to be reviewed

A review is being sought for the legal standing of the state-run Philippine National Construction Corp. (PNCC) to manage and develop the government’s 9.9 ha property in Pasay City amid concerns over its plan to lease the prime real estate at prices way below the lot's  fair market ...

GDM | 2 weeks ago

Business

Bank lending tempers contraction in July

Bank lending posted a softer decline in July, giving the Bangko Sentral ng Pilipinas a good news amid its efforts to help the economy recover. BSP data showed outstanding loans granted by big and commercial banks — excluding ...

GDM | 2 weeks ago

Business

Better online reporting of state firms’ debts to be launched

The Department of Finance (DOF) announced Tuesday it is set to launch an online tool that aims to streamline the reporting of data pertaining to the debts and other liabilities of government-owned and -controlled corporations (GOCCs). ...

GDM | 2 weeks ago

Business

95% of Cebu Pacific’s flying crew now vaccinated

Budget carrier Cebu Pacific announced Monday that 95% of its flying pilots and cabin crew are now vaccinated. In a statement, the Gokongwei-led airline said it is on track to completing its employee inoculation by October this yea ...

GDM | 2 weeks ago

Business

Manufacturing can pave PHL growth – NEDA

The government’s socioeconomic planning agency said the ability of the Philippines to move up to high-income country status hinges on the long-term development of the agriculture and manufacturing sectors.  In a speech, ...

PNA FILE PHOTO

GDM | 3 weeks ago