50-year-old PH stock brokerage shuts down

One of the oldest stock brokerage firms in the country ceased operations earlier this week after its owners uncovered a long-running scam by a “trusted employee” that resulted in almost the entire investors of clients’ shares held by the firm being wiped out. The company—50-year-old R&L Investments Inc. based in Mandaluyong City, and a member […]

Philippine GDP grows by 6.2 percent in Q3 2019

Reference Number: 2019-187 Release Date: November 7, 2019 GDPGross Domestic Product (GDP) grew year-on-year by 6.2 percent in the third quarter of 2019. Trade and Repair of Motor Vehicles, Motorcycles, Personal and Household Goods; Construction; and Financial Intermediation were the main drivers of growth for the quarter. Among the major economic sectors, Services posted the […]

Acting DICT chief may stay till June

Eliseo Rio Jr. may remain as the acting chief of the Department of Information and Communications Technology (DICT) at least through June. A source with knowledge on the matter told The Manila Times Rio, a retired military general, might keep his position “until end of June” or longer, as President Rodrigo Duterte has yet to […]

Economy grows 6.1% in 4Q 2018; 6.2% in 2018

Gross Domestic Product (GDP) posted a 6.1 percent growth in the fourth quarter of 2018, resulting in the 6.2 percent full-year growth for 2018. The main drivers of growth for the quarter were Construction; Trade and Repair of Motor Vehicles, Motorcycles, Personal and Household Goods; and Other Services. Among the major economic sectors during the fourth quarter of 2018, […]

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