PSE index falls on profit taking after Fed meeting
THE MAIN INDEX closed below the 7,000 level on Thursday on profit taking after surging the day prior and as the US Federal Reserve raised rates by 25 basis points (bps) at its policy meeting this week. The bellwether Philippine
Peso returns to P53-a-dollar level on dovish Fed statement
BW FILE PHOTOTHE PESO surged to a seven-month high against the dollar on Thursday, returning to the P53 level, as a smaller rate hike and dovish statements from the US Federal Reserve caused the greenback to tumble.The local currency closed
US gets access to 4 more bases in Philippines amid China doubt
President Ferdinand R. Marcos Jr. welcomes United State Defense Chief Lloyd Austin III at Malacañang Palace on February 2, 2023. — PHILIPPINE STAR/ KRIZ JOHN ROSALESBy Kyle Aristophere T. Atienza, ReporterTHE PHILIPPINES has given the United States greater access to
Internal Revenue bureau files 74 tax evasion cases worth P3.5B
TAXPAYERS line up at the Bureau of Internal Revenue office in Intramuros, Manila, April 18, 2022. — PHILIPPINE STAR/ RUSSELL PALMATHE BUREAU of Internal Revenue (BIR) on Thursday filed 74 tax evasion complaints totaling P3.5 billion against several companies before
Marcos talks to Grab CEO on transportation upgrade
THE PHILIPPINES could generate about 500,000 jobs after getting an investment commitment from Grab Holdings, Inc., according to the presidential palace.President Ferdinand R. Marcos, Jr. met with Grab officials on Thursday to discuss the company’s recommendations on how to modernize