THE GOVERNMENT is waiting for more favorable market conditions before proceeding with a retail Treasury bond (RTB) offering this year, amid elevated interest rates and tensions in the Middle East. National Treasurer Sharon P. Almanza told...
THE Philippines’ balance of payments (BoP) position swung to a deficit for the first time in three months in July, data from the Bangko Sentral ng Pilipinas (BSP) showed. According to central bank data released late on Wednesday, the...
THE National Government’s proposed tax reforms, if enacted, risk further delaying the country’s fiscal consolidation, especially given its widening budget deficit and record debt-to-gross domestic product (GDP) ratio, Moody’s Ratings said.
THE Philippine Stock Exchange (PSE) has approved the voluntary delisting of Robinsons Retail Holdings, Inc. (RRHI), with the retailer’s shares to be removed from the Exchange’s official registry effective Aug. 31. In an advisory to market...
MANILA Electric Co. (Meralco) said partnerships with electric cooperatives (ECs) could generate billions of pesos in consumer savings by bringing double-digit system losses down to single-digit levels. Meralco Senior Vice-President...