Business
Banks-fintech tie-up must for customer satisfaction: exec
November 29, 2022, 8:41 pm
MANILA – Banks should not consider financial technology firms as competitors but instead as partners in ensuring customer satisfaction vis-à-vis the digital finance space, an executive of a financial software company said. In a briefing on Tuesday, Finastra Asia Pacific Payments managing… Read More
Stocks index up as peso ends sideways
November 29, 2022, 8:12 pm
MANILA – The main equities index rose anew on Tuesday amidst questions on China’s zero-Covid policy while the peso finished sideways against the United States dollar. The Philippine Stock Exchange index (PSEi) improved by 1.49 percent, or 99.31 points, to 6,780.78 points. All Shares followed… Read More
New technologies seen to help upscale businesses in C. Luzon
November 29, 2022, 8:07 pm
CITY OF SAN FERNANDO, Pampanga – The Department of Science and Technology (DOST) kicked off on Tuesday its regional celebration of the 2022 National Science and Technology Week, exhibiting the research and development innovations and technologies of various higher education institutions (HEIs)… Read More
German firms urged to invest in PH infra
November 29, 2022, 7:50 pm
MANILA – Department of Trade and Industry (DTI) Secretary Alfredo Pascual has urged German investors to look into business opportunities in the Philippines, especially in areas of infrastructure, electric vehicles, manufacturing and services. In a business forum of German-Philippine Chamber of… Read More
BTr partially awards 5-year T-bond
November 29, 2022, 6:45 pm
MANILA – The Bureau of the Treasury (BTr) partially awarded on Tuesday the five-year Treasury bond (T-bond) offered for PHP35 billion. It awarded the debt paper for PHP22.969 billion even after bids reached PHP65.514 billion. This, even as its rate declined to 6.568 percent, which National… Read More
Undersubscription, rate uptick reign in TDF auction
November 29, 2022, 5:09 pm
MANILA – Further increase in interest rates, along with banks’ decision to keep their cash ahead of the holidays, resulted in the undersubscription in the central bank’s term deposit facility (TDF) on Tuesday. The Bangko Sentral ng Pilipinas (BSP) lowered the offering for the eight-day… Read More
145K learners benefit from Accenture’s skills-building program
November 29, 2022, 5:06 pm
MANILA – Business process management (BPM) firm Accenture Philippines reported Tuesday that some 145,000 learners have benefitted from its Skills to Succeed (S2S) Academy, a skills-building program to enhance Filipinos’ employability. In a press conference, Accenture Philippines, Technical… Read More
SEC cracks down on Silverlion investment scam
November 29, 2022, 3:24 pm
MANILA – The Securities and Exchange Commission (SEC) continues its crackdown against unauthorized investment schemes as it busted the operations of Silverlion Livestock Trading Corp. in Zamboanga City. In a joint operation on November 26, the combined forces of the SEC Zamboanga Extension… Read More
Oil slips over demand woes as China struggles with Covid protests
November 28, 2022, 8:06 pm
ANKARA – Oil prices lost almost $2 a barrel on Monday as ongoing China coronavirus restrictions and protests in several cities fueled demand concerns in the top oil importing country. International benchmark Brent crude traded at $81.33 per barrel at 10:20 a.m. local time (0720 GMT), down 2.84… Read More
Stocks index starts week up, peso ends sideways
November 28, 2022, 7:14 pm
MANILA – The local bourse’s main index started the week up amid recent positive economic data releases while the peso ended the day sideways against the United States dollar. The Philippine Stock Exchange index (PSEi) gained 1.13 percent, or 74.53 points, to 6,681.47 points. All Shares… Read More
PH logs highest sales in China’s import expo
November 28, 2022, 6:32 pm
MANILA – The country’s sales in China’s largest import expo have been increasing for the past four years despite the coronavirus disease 2019 (Covid-19) pandemic that struck in 2020. The Department of Trade and Industry (DTI) reported on Monday that the Philippines’ sales in the China… Read More
ING bids to further raise ESG portfolio in PH
November 28, 2022, 5:39 pm
MANILA – Dutch banking giant ING aims to further increase its sustainable financing portfolio in the Philippines as the economy continues to recover as well as to help in the government’s bid in addressing climate change. ING Country head Hans Sicat, in a reply to e-mailed questions from the… Read More
Oil firms to reduce prices anew this week
November 28, 2022, 5:15 pm
MANILA – Oil companies will implement another round of rollbacks on fuel prices on Tuesday. In separate advisories, Caltex, Cleanfuel, Petro Gazz, PTT Philippines, Seaoil and Shell said they will slash diesel prices by PHP3.95 per liter and PHP0.85 per liter on gasoline prices. Caltex, Seaoil… Read More
BTr partially awards 6-mo, 1-yr T-bill as rates end mixed
November 28, 2022, 5:08 pm
MANILA – The Bureau of the Treasury (BTr) made a full award for the three-month Treasury bill (T-bill) on Monday but partially awarded the six-month and one-year papers as rates posted mixed results. It offered all tenors for PHP5 billion each but only the 92-day T-bill, which is a day longer… Read More
E. Visayas posts increased construction activities in Q1 2022
November 28, 2022, 4:12 pm
TACLOBAN CITY – The Philippine Statistics Authority (PSA) has reported an increase in construction activities in Eastern Visayas during the first quarter of 2022 with a growth of 5.4 percent compared to the same period in 2022. The PSA regional office said in its report released on Monday there… Read More
NGCP lifts red alert in Luzon grid
November 28, 2022, 4:11 pm
MANILA – The National Grid Corporation of the Philippines (NGCP) has lifted the red alert in Luzon grid expected to occur around 5 p.m. to 6 p.m. Monday. With this, rotational brownouts are no longer expected in Luzon. The available power capacity increased to 11,750 megawatts (MW) from 10,708… Read More
Pag-IBIG Fund home loan payments up 30% to P57.6B
November 28, 2022, 3:22 pm
MANILA – Driven by the strong collection of home loan payments in the last 10 months, Pag-IBIG Fund’s performing loans ratio climbed to 89.96 percent in October, exceeding the agency’s year-end target by 196 basis points, top executives announced Monday. From January to October, home loan… Read More
6 power plants on outage; brownouts expected in Luzon grid
November 28, 2022, 2:10 pm
MANILA – Rotational brownouts are expected in Luzon between 5 p.m. and 6 p.m. on Monday as the National Grid Corporation of the Philippines (NGCP) declared the grid under red alert status during this period. The Luzon grid was also put under yellow alert status from 10 a.m. to 5 p.m. and from 6… Read More
Undersubscribed 28-day securities fetch higher yield: BSP
November 25, 2022, 7:41 pm
MANILA – The Bangko Sentral ng Pilipinas (BSP) partially awarded its 28-day securities after it was undersubscribed during Friday's auction. The 28-day securities offered at PHP120 billion only fetched tenders of PHP109.469 billion. But bids fetched higher interest rate of 6.0031 percent from… Read More
Stock market, peso finish strong this week
November 25, 2022, 7:28 pm
MANILA – Both the local stock market and currency ended this week's trading strong as investors are seeing progress in the policy of the Bangko Sentral ng Pilipinas (BSP) to ease inflation and the improvements in other economic data. The Philippine Stock Exchange index (PSEi) closed Friday… Read More
