YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits continued to drop on Wednesday, even as the shorter tenor went undersubscribed, following signals of a potential rate cut next month.The central bank’s term deposit facility (TDF) fetched bids amounting to just P88.578 billion on

BANGKO SENTRAL ng Pilipinas Deputy Governor Bernadette Romulo-Puyat — BSP FACEBOOK PAGETHE BANGKO Sentral ng Pilipinas (BSP) is set to issue new guidelines this year that will allow banks to offer their customers insurance products from multiple providers.“A draft circular amending the cross-selling guidelines is

BW FILE PHOTOTHE Supreme Court (SC) has ruled that the income taxes of private contractors in the Malampaya natural gas project are included in the government’s 60% share of the project’s net proceeds, effectively reversing a Commission on Audit (CoA) finding that flagged over P53

BANKS may see changes in their deposit base as clients could reallocate their funds following the removal of tax perks for long-term deposits under the Capital Markets Efficiency Promotion Act (CMEPA), analysts said. However, the impact on lenders’ funding and interest income may be minimal

STOCK PHOTO | Image by Ramon Kagie from UnsplashOFFICE VACANCY levels in Metro Manila may rise with the completion of new projects from this year through 2030, according to property services firm JLL Philippines.“For upcoming (office) stock, we have a total of 1.8 million square meters

1 of 2GLENDA BARRETTO, the founder of Via Mare and caterer to grand feasts for world leaders visiting the Philippines, was honored with a Lifetime Achievement Award at the 6th Bravo Empowered Women Awards. The Bravo Awards, given every two years by the Zonta Club

THE LIFE INSURANCE industry is bullish on its growth prospects despite global uncertainties, the Philippine Life Insurers Association (PLIA) said.“More branches and more expansion into the countryside markets will continue to lead the growth of the market because this is kind of a continuous recovery

From left: SEM-Calaca Power Corporation OIC-Operations Manager Lean G. Depusoy; UPERDFI President Angelito D. Bermudo; SMPC President, COO and CSO Maria Cristina C. Gotianun; UP Chancellor Edgardo Carlo L. Vistan II; UP Diliman College of Engineering Dean Maria Antonia N. Tanchuling; and UP DMMME Chairperson

17 power projects endorsed for grid impact study - BusinessWorld Online                                    NGCP.PHTHE Department of Energy (DoE) endorsed 17 power projects to the National Grid Corp. of

MONGHE, a minced pork, cheese, homemade banana ketchup, toyomansi cream meatloaf from Rizal Province. — JOSEPH L. GARCIAAHEAD of the ArteFino Fair opening on July 31, the artisanal trade fair cooked up something else (literally), the ArteFino Lounge.Daily until Aug. 3, the ArteFino Lounge features

IN PHOTO ARE (L-R) Senior Vice-President and Chief Revenue Officer Ferdinand O. Geluz, Meralco Executive Vice-President and Chief Operating Officer Ronnie L. Aperocho, Meralco Chairman and Chief Executive Officer Manuel V. Pangilinan, Vingroup JSC Chief Corporate Development and Strategic Finance Officer Thuy Vu Dropsey, V-Green

OWN BANK, The Rural Bank of Cavite City, Inc. (OwnBank) is planning to apply for a commercial banking license as it looks to expand its product offerings.“So, [the central bank] was actually telling us to apply for a digital bank license. We thought that whatever