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Monthly Archives: April 2019

PSE chief: Short-selling to be launched this year

By THE MANILA TIMES April 20, 2019 THE Philippine Stock Exchange (PSE) remains on track to formally introduce short-selling within the year. In a chance interview with The Manila Times, PSE President Ramon Monzon said the bourse was only waiting for a Securities and Exchange Commission (SEC) approval before it …

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‘Aces’ could lead to ratings upgrade

By MAYVELIN U. CARABALLO, TMT April 20, 2019 Structural inflows could shield the Philippine economy from the negative impact of a trade war and drive the country’s credit ratings higher, an ING Bank Manila economist said. “Given the dynamics akin to the Philippines, with aces in the form of steady …

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The business of ‘fairness’

By MAAN D’ASIS PAMARAN April 21, 2019 More than just whitening, Oxina Cosmetics is about helping women bring out their glow There was a big to-do about the choice of ad material that was released recently by a company that specializes in whitening products. What many may not know about …

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Growth to hit target despite H1 dip

By ANNA LEAH E. GONZALES April 22, 2019 Philippine economic growth could marginally accelerate this year, to 6.3 percent from 6.2 percent in 2018, on the back of higher household spending, an ING Bank Manila economist said. “Growth this year will likely settle in the 6.0-7.0 target set by the …

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Tower sharing business limited to 10 firms – DICT

By LISBET K. ESMAEL April 22, 2019 Only 10 players will be allowed to enter the country’s tower sharing business, the Department of Information and Communications Technology (DICT) recently said. While the government continues to ink memorandum of understanding (MoU) and entertain potential tower providers, the market will be limited …

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Thin trading seen ahead of May polls

By ANGELICA BALLESTEROS, TMT April 22, 2019 THE stock market is likely to continue trading sideways this week following a Holy Week break, with investors expected to be in wait and see mode ahead of the upcoming May elections. Diversified Securities Inc. trader Aniceto Pangan forecast thin trading volumes leading …

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BIR to file cigarette tax case

By MAYVELIN U. CARABALLO, TMT April 22, 2019 The Bureau of Internal Revenue (BIR) is set to file a tax evasion case this week against an alleged manufacturer of fake cigarettes in Pangasinan. “We will file the case on April 25. It’s a big case. Actually its basis will be …

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Budget deficit narrows in March; goals missed

By MAYVELIN U. CARABALLO, TMT April 22, 2019 The government incurred a deficit in March and also missed its expenditure targets as a budget impasse continued to limit its capability to spend. The P58.409-billion shortfall was narrower than the P76.373 billion posted in February, Treasury bureau data released over the …

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Magnitude 5.7 earthquake hits Zambales — Phivolcs

By DIVINA NOVA JOY DELA CRUZ April 22, 2019 Map from the Philippine Institute of Volcanology and Seismology A magnitude 5.7 earthquake hit Zambales on Monday although it was felt in other parts of Luzon, including in Metro Manila, the Philippine Institute of Volcanology and Seismology (Phivolcs) said. In a …

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