Business

PSEi falls as external factors, regulatory risks weigh on market

The Philippine Stock Exchange (PSE) index falls after Monday's State of the Nation Address (SONA) with a multitude of external factors weighing on already expensive Philippine shares.

DENR auditing 40 metallic miners

During his first State of the Nation Address (SONA), President Rodrigo Duterte also expressed his support for Environment Secretary Gina Lopez. 

25% bawas sa personal, corp tax posibleng maipasa sa 2017

Babaguhin muna ang tax bracket bago tapyasan ang porsyento ng buwis na binabayaran ng mga empleyado at kumpanya.

RCBC names new independent directors

MANILA - Rizal Commercial Banking Corp. (RCBC) on Tuesday named new independent directors, five months after the bank was tagged in one of the biggest cyber-heists in history.

Huawei's global smartphone shipments jump 25 pct in H1

HONG KONG - China's Huawei Technologies Co Ltd, the world's third-largest smartphone vendor, said first-half global smartphone shipments jumped 25 percent, helped by rapid growth in traditionally high-end markets such as Europe.

Duterte gov't eyes spending P900-B for infra

Budget Secretary Ben Diokno on Tuesday said the government plans to spend P900 billion next year and P7 trillion in the next six years for public infrastructure.

Gov't keeping close eye on mining in Mindanao - Lopez

MANILA - Government is paying "specific attention" to mining operations in Mindanao in its audit for compliance with safety standards, Environment Secretary Gina Lopez said on Tuesday.

BSP sees July annual inflation rate at 1.5-2.4 pct

MANILA - Philippine annual inflation in July will likely settle between 1.5-2.4 percent, the central bank said on Tuesday, taking into account higher power and rice prices as well as lower costs for domestic oil and some food items.

Philippine shares trade higher after Duterte's SONA

MANILA - Philippine shares are trading higher for a second day on Tuesday as investors react to President Rodrigo Duterte's first State of the Nation Address.

Surge in May imports signals solid domestic demand

MANILA - Philippine imports climbed the most in nearly two decades in May, the statistics agency said on Tuesday, driven by a surge in purchases of capital goods that points to strong domestic activity in the second quarter.