A MAGNITUDE 5.8 earthquake struck north of the island province of Occidental Mindoro on Wednesday morning, with various intensity levels of up to 4 felt in the parts of the capital region. There were

The Bangko Sentral ng Pilipinas on Wednesday left its key interest rate unchanged at a record low. — REUTERS THE BANGKO SENTRAL ng Pilipinas (BSP) held its key interest rate at a record low

By Jenina P. Ibañez, Reporter INVESTMENT PLEDGES approved by the Philippine Economic Zone Authority (PEZA) increased by almost 54% in the first quarter after coming off a low base last year. PEZA in a report

THE GOVERNMENT is working on establishing a credit rating system for local government units (LGUs) by next year, as part of efforts to encourage them to issue bonds to raise funds for development

The Philiwppine economy shrank by 4.2% in the first quarter, the fifth consecutive quarter of decline since the pandemic began. — PHILIPPINE STAR/ MICHAEL VARCAS THE PHILIPPINE ECONOMY will likely “struggle to recover” this

PRESIDENT Rodrigo R. Duterte has directed all agencies under the Executive department to identify savings from their 2020 budgets. In Administrative Order No. 41, the President ordered agencies to identify portions or balances of

JOLLIBEE Foods Corp. (JFC) generated P153 million in net attributable income despite lower sales in the first quarter, it said on Wednesday, as it bounced back from the P1.68-billion loss recorded in the

FLAG carrier Philippine Airlines (PAL) assured the public on Tuesday that its operations will not be affected by its ongoing “comprehensive restructuring.” The statement was issued on Tuesday in response to a request for