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Some banks asked for ATM fees reduction: BSP execs

By Joann Villanueva   MANILA -- Not all the banks that have applied for adjustments in their automated teller machine (ATM) transaction fees asked for increases, officials...

Hong Kong body stops ticket sales at airport: PAL

By Ma. Cristina Arayata MANILA -- The Hong Kong Airport Authority on Wednesday informed all airlines to cease ticket sales at the airport, a local carrier spokesperson...

GCash: More Filipinos go digital banking

By Christine Cudis   MANILA -- GSave, the savings account service provider of CIMB Bank and Mynt-owned GCash, revealed a 500,000-customer growth in the Philippines in just...

Banks cannot raise ATM fees without regulatory approval: BSP

By Joann Villanueva   MANILA – Any increase in fees for services made through automated teller machines (ATMs) need the approval of the Bangko Sentral ng Pilipinas...

Supply shortage pulls down Manila Water profit by 18% in H1 2019

By Lilybeth Ison MANILA -- Manila Water Company Inc. (MWCI) on Tuesday reported that its net income declined by 18 percent in the first half of...

Cebu Pacific cancels Tuesday night HK flights

By Ma. Cristina Arayata   MANILA -- Shortly before 6 p.m., local carrier Cebu Pacific (CEB) announced the cancellation of flights to and from Hong Kong supposedly...

CDO summit aims to jumpstart PH ‘industrial revolution’

By Nef Luczon   CAGAYAN DE ORO CITY -- This city will host the country's first-ever industrial summit that aims to gather industry leaders to "jumpstart of...

SMC names int’l partners for P734-B airport project

By PNA   MANILA -- San Miguel Corporation has engaged the services of global firms Groupe ADPi, Meinhardt Group and Jacobs to design and build its PHP734-billion...

Rate cut expectations push PH’s 10-year T-bond rate down

By Joann Villanueva MANILA -- Rate of the Philippines’ 10-year Treasury bond (T-bond) fell by 144.8 basis points to 4.196 percent on Tuesday on expectations for...

Global Ferronickel Holdings nets P105-M in H1

By Lilybeth Ison MANILA -- Global Ferronickel Holdings, Inc. (FNI) on Tuesday reported its net income reached PHP105.3 million for the first half of 2019 from...

Duterte’s China visit to bolster drive vs. illicit cigarettes

by Joann Villanueva MANILA -- The Philippine government’s drive against illicit cigarette trade is seen to get a boost from the scheduled visit of President Rodrigo...

DOF exec eyes ’19 inflation to decline by as much as 1.2%

by Joann Villanueva MANILA -- An official of the Department of Finance (DOF) forecast inflation to decelerate to as much as 1.2 percent this year if...

DOF, DA to help farmers affected by Rice Tariffication Law

MANILA -- Finance Secretary Carlos Dominguez III and Agriculture Secretary William Dar have mutually agreed over the weekend to implement the assistance program to help...

Malaysia, BARMM keen on pursuing business partnership

By Noel Punzalan   COTABATO CITY – The Malaysian Chamber of Commerce and Industry (MCCI) has expressed interest in bringing in big manufacturing enterprises in the Bangsamoro...

BIR collects P356-M tax liabilities from POGOs

By PNA   MANILA -- The Bureau of Internal Revenue (BIR) has collected an initial PHP186 million in withholding taxes from Philippine Offshore Gaming Operators (POGOs) and...