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BSP TDF auction undersubscribed as banks keep cash

By Lee C. Chipongian The central bank’s term deposit facility (TDF) was undersubscribed yesterday for the first time since the weekly auction was introduced in…

News in brief for December 1, 2016

News in brief for December 1, 2016

CTA upholds BIR on P22-M tax case The Court of Tax Appeals (CTA) has dismissed the petition of a multinational company stopping the Bureau of…

MB FILE - Philippine bank notes / Photo courtesy of the Bangko Sentral ng Pilipinas (Manila Bulletin)

Weak peso to help sustain export recovery

By Madelaine B. Miraflor Trade Secretary Ramon Lopez has high hopes that Philippines' merchandise exports will sustain their recovery until next year on the back…