MANILA, Philippines — Telco giant PLDT Inc. boosted earnings in the first 9 months on the back of bigger revenues from data services and wider home connections installed while people were stuck at home. The firm disclosed to the stock exchange on Thursday P19.9 billion in profits from January to September, up 24.1% year-on-year. Broken […]
Read MoreMANILA, Philippines (UPDATE 10:29 a.m., Nov. 5)— Tight pork supplies and rising tuition that came with schools restarting classes fueled inflation to hit a 3-month high in October, a kind of price pick-up that hardly reflected consumption finally getting its groove back from the damage caused by pandemic-induced lockdowns. Prices of basic goods and commodities, as measured by the […]
Read MoreMANILA (XINHUA) – The Philippines’ total external trade in goods declined 9.2 per cent in September from a year earlier to USD14.14 billion, the Philippine Statistics Authority (PSA) said yesterday. This was lower than its previous month’s annual drop of 17.9 per cent and higher than the 3.5 per cent drop in September 2019, the […]
Read MoreMANILA, Philippines — Term deposit rates rose further as preference shifted to the longer tenor as cash-rich banks continued to park excess funds in the liquidity absorption facility, according to the Bangko Sentral ng Pilipinas. BSP Deputy Governor Francisco Dakila Jr. said the yield of the seven-day tenor increased by 1.673 basis points to 1.954 […]
Read MoreMANILA, Philippines — The tax treatment for online gambling, whether done onshore or offshore, is the same after the Philippine Amusement and Gaming Corp. (PAGCOR) gave casino operators the green light to accept bets online, according to the Department of Finance. DOF Secretary Carlos Dominguez issued the clarification after Bloomberg reported that the applications of […]
Read MoreMANILA, Philippines — Government spending on infrastructure slowed down by 16.5 percent in the first nine months as the coronavirus pandemic caused delays in construction activities and discontinuance of projects, the Department of Budget and Management (DBM) reported yesterday. According to the latest data from the DBM, infrastructure and other capital outlays amounted to P451.5 […]
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