Business

Front Page: BSP looking into Metrobank ‘internal fraud’
THE Bangko Sentral ng Pilipinas (BSP) is currently looking into internal lapses that led to a reported P900-million fraud case faced by Metropolitan Bank & Trust Co. (Metrobank), alongside criminal raps lodged against the bank official said to have crafted the scheme.


Corporate News: DoubleDragon raises P9.7B in second bond sale tranche
DOUBLEDRAGON Properties Corp. raised P9.7 billion from the sale of the second tranche of fixed rate retail bonds after exercising the oversubscription option of the issue.


Finance: BSP to release new coin designs this year
THE CENTRAL BANK is looking to release new coin designs within the year, but will drop the 10-centavo coin from the denominations.


Stock Market: Philippine shares rise ahead of Duterte’s SONA
LOCAL shares rose on Friday, closing just below the 8,000 level, bucking the downward trend in most Southeast Asian markets after the European Central Bank kept interest rates steady.


Economy: PPP Center to assist LGUs in crafting projects
THE PUBLIC-PRIVATE Partnership (PPP) Center signed an agreement with a group of local government units (LGUs) last Tuesday in a bid to help them formulate projects.


Nation: American lawmaker to lead protest against Duterte if he visits US
AN American lawmaker vowed to lead a protest against Philippine President Rodrigo R. Duterte should he pay a visit to the United States.


Front Page: Fewer Filipinos say they are poor

SELF-RATED poverty fell for the first time in three quarters, according to results of the Social Weather Stations (SWS) quarterly survey that nevertheless said families are in need of more money to escape food poverty.


Corporate News: Shakey’s ramping up local, overseas expansion

SHAKEY’S Pizza Asia Ventures, Inc. (SPAVI) is ramping up efforts to take its pizza business to previously untapped territories, as it aims to grow earnings and sales by mid-teens by end 2017.


Finance: UCPB to deactivate non-EMV cards by next month

THE United Coconut Planters Bank (UCPB) is set to deactivate cards that are not yet microchip-enabled by next month pursuant to central bank regulations on migrating to the Europay, Mastercard and Visa (EMV) technology.