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Monthly Archives: October 2019

Last-minute buying lifts PSEi

By TYRONE JASPER C. PIAD October 18, 2019 THE stock market finished trading at the 7,900 level for the second straight day on Thursday as investors hunted for bargains at the last minute. The benchmark Philippine Stock Exchange index (PSEi) inched up by 0.19 percent or 15.25 points to close …

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BIR closes 2nd POGO service provider

By MAYVELIN U. CARABALLO, TMT October 18, 2019 THE Bureau of Internal Revenue (BIR) has shuttered another Philippine offshore gaming operator (POGO) service provider after failing to register with the tax agency. The BIR, in coordination with the Department of Finance, padlocked on Thursday the offices of Altech Innovations Business …

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DTI: 10 years max for Citira transition

By ANNA LEAH E. GONZALES October 18, 2019 Trade Secretary Ramon Lopez. (TMT File Photo) THE Department of Trade and Industry (DTI) will continue to push for an extended transition period for the rationalization of fiscal incentives under House Bill 4157, or the “Corporate Income Tax and Incentives Rationalization Act” …

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‘PH economy to rebound next year’

By MAYVELIN U. CARABALLO, TMT October 18, 2019 Emilio Neri Jr. (TMT File Photo) THE Philippine economy should bounce back in 2020 from this year’s sluggish growth on the expected timely passage of next year’s national budget and the accommodative monetary policy of the central bank, an economist said on …

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Net ‘hot money’ outflows drop to $231.7M in Sept

By MAYVELIN U. CARABALLO, TMT October 18, 2019 The name and logo of the Bangko Sentral ng Pilipinas are seen on the facade of the central bank’s headquarters on F.B. Harrison Ave. in Manila. (TMT File Photo) FOREIGN portfolio investments remained in negative territory after $231.71 million of these exited …

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ADB to lend $9.1B to PH until 2022

By ANNA LEAH E. GONZALES October 18, 2019 Kelly Bird, Asian Development Bank country director for the Philippines. (TMT File Photo) THE Asian Development Bank (ADB) is expected to lend a record $9.1 billion to the Philippines in the next three years, with transportation projects receiving more than half that …

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DILG awards 28 LGUs in BARMM

COTABATO CITY — Twenty-eight local government units (LGUs) in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) made it to the list of passers for the 2019 Seal of Good Local Governance (SGLG) Award by the Department of the Interior and Local Government (DILG). This year’s number of SGLG passers …

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San Beda sweeps NCAA elims with rout of Lyceum

MANILA — San Beda Red Lions completed an 18-0 sweep of the National Collegiate Athletic Association men’s basketball eliminations after romping Lyceum, 85-62, at the FilOil Flying V Centre in San Juan City on Thursday night. The Red Lions began pulling away in the second quarter, dropping 28 points on …

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