November inflation decreases to 6% from 6.7% in October
December 5, 2018
Inflation for November eased to a four-month low of six percent from 6.7 percent in October, according to the Philippine Statistics Authority ( PSA) on Wednesday. The October inflation figure, which was the highest in nearly a decade, was unchanged
November inflation falls to six percent from 6.7% in October
December 5, 2018
Inflation in November fell to six percent from 6.7 percent in the previous month, the Philippine Statistics Agency (PSA) said Wednesday. Food and non-alcoholic beverages decelerated to eight percent from 9.4 percent in October. This was, however, significantly higher than
Duterte OKs implementation of 2nd tranche of oil excise tax by January
December 4, 2018
President Rodrigo Duterte has approved the recommendation of the Development Budget Coordination Committee (DBCC) to implement the second tranche of excise tax on petroleum products next year, officials said on Tuesday. With this, the government would no longer lose an
Businessman Donald Dee passes away
December 2, 2018
Employers’ Confederation of the Philippines president Donald Dee passed away on Saturday, December 1, at the age of 72. “The business community lost a passionate champion and leader, a stalwart in the industry, and a staunch advocate of and for
G-20 Leaders Concerned over U.S.-China Trade Tensions
December 1, 2018
Buenos Aires–A closely watched Group of 20 summit started in Buenos Aires on Friday for a two-day run, with participants voicing concerns over fierce U.S.-China trade friction. On the first day, some also said that the G-20 advanced and emerging
PSE index ends lower
November 29, 2018
The Philippine Stock Exchange index closed lower at 7, 367.65, down 14.58 points on Thursday as trading wound down for November. But in the broader market, there were 112 gainers, 78 decliners and 52 shares unchanged. Volume reached 1.32 billion
Ghosn Hires Renowned U.S. Law Firm: WSJ
November 27, 2018
New York–Former Nissan Motor Co. <7201> Chairman Carlos Ghosn has concluded a contract with a renowned U.S.-based law firm, The Wall Street Journal reported Monday. Paul, Weiss, Rifkind, Wharton & Garrison LLP, which represents major U.S. financial institutions, will defend
Ty, chairman emeritus of Metrobank, passes away at 86
November 23, 2018
George S.K. Ty, one of the richest men in the Philippines and whose company forged a joint partnership with Toyota Motor Corp., died at the age of 86 Friday, the Metrobank Group said in a statement. Memorial services for Ty,
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