Category: Business

ADB maintains 4.5% PH growth projection

The Asian Development Bank (ADB) maintained its 2021 and 2022 Philippine economic growth projection on the back of the gradual recovery in the economy. In...

Lesser dependence on imported oil sought

The Department of Energy (DoE) has issued a circular that aims to reduce the country’s reliance on imported oil. Department Circular 2021-09-0028 outlines the implementing...

BSP seen keeping accommodative policy

The monetary policy in the Philippines will likely remain accommodative for a long time as the Bangko Sentral ng Pilipinas (BSP) continues to assist the...

PSEi extends climb

The Philippine index marginally extended its rebound on Wednesday. The bellwether Philippine Stock Exchange index (PSEi) inched up by 0.14 percent or 9.53 points to...

US OKs debt plan; Senate falter looms

WASHINGTON, D. C.: The House voted on Tuesday (Wednesday in Manila) night to fund the government into early December, suspend the federal debt limit and...

FB blasts WS’ false reports

SILICON VALLEY: Facebook on Tuesday (Wednesday in Manila) fired back after a series of withering Wall Street Journal reports that the company failed to keep...

US Bank acquires Mitsubishi UFJ for $8B

WYOMING: US Bank announced an $8-billion deal on Tuesday (Wednesday in Manila) to buy the US retail activities of Japan’s Mitsubishi UFJ Financial Group (MUFG)....