ABS-CBN ink blocktime deal with Zoe Broadcasting
October 6, 2020
Zoe Broadcasting Network, founded by Bro. Eddie Villanueva on Tuesday announced it entered a block time agreement with ABS-CBN Corp. Zoe said it will be rebranded as “A2Z Channel 11” starting Saturday, October 11 The rebranded VHF channel will carry
PAL implementing new retrenchment program set within fourth quarter
October 6, 2020
Philippine Airlines (PAL) announced Monday night it is implementing a new round of manpower reduction as travel restrictions due to the global COVID-19 pandemic severely affected its operations. The Lucio Tan-led airline said it begun to call on employees to
Philippine inflation slows down to 2.3% in September
October 6, 2020
Philippine inflation slowed down to 2.3 percent in September from 2.4 percent in August, the Philippine Statistics Authority (PSA) said Tuesday. This was the second straight month of decline in the consumer price index. The PSA said the lower inflation
PSE index loses ground
October 5, 2020
The Philippine Stock Exchange index (PSEi) lost ground on Monday after nearly reaching the 6,000-point mark last Friday, The index closed at 5,938.85, down 60.45 points. In the broader market, there were 105 losers, 74 gainers and 42 unchanged. Volume
Diokno reminds no “double interests” for loans with delayed payments under Bayanihan 2
October 4, 2020
The Bangko Sentral ng Pilipinas (BSP) on Sunday reminded the lending agencies that there should be no “double interests” under Bayanihan to Recover As One Act’s one-time 60-day grace period in loan payments. In a radio interview, BSP Governor Benjamin
NBI tracking person who posted fake P1,000 bill with Duterte’s misspelled middle name – BSP
October 4, 2020
The Bangko Sentral ng Pilipinas (BSP) has asked the help of the National Bureau of Investigation (NBI) to look for the person who released a photo of a fake one thousand peso bill with misspelled middle name of President Rodrigo
PSEi rally ends short of 6,000 points
October 2, 2020
The Philippine Stock Exchange index ( PSEi) failed to reach the 6,000-point mark despite late buying on Friday. The PSE index closed at 5,999.40, up 54.53 points. In the broader market, there were 93 gainers, 92 losers and 57 unchanged.
Monetary Board maintains policy settings
October 1, 2020
At its meeting on monetary policy today, the Monetary Board decided to maintain the interest rate on the BSP’s overnight reverse repurchase (RRP) facility at 2.25 percent. The interest rates on the overnight deposit and lending facilities were likewise kept at 1.75
