Business
BSP vows continued monitoring of risks on inflation
October 25, 2022, 8:37 pm
MANILA – The Bangko Sentral ng Pilipinas (BSP) said it will continue to monitor risks to inflation as the rate of price increase remains elevated, and backs targeted support to vulnerable sectors. In a statement on Tuesday, the central bank said it supports the national government’s measures… Read More
PSEi up anew, peso finishes sideways vs. US dollar
October 25, 2022, 8:11 pm
MANILA – Bargain hunting again boosted the local equity market’s main gauge on Tuesday while the peso finished the day sideways against the US dollar. The Philippine Stock Exchange index (PSEi) rose by 0.74 percent, or 44.62 points, to 6,073.41 points. All Shares followed with a jump of 0.51… Read More
Integrating climate action into economic plan necessary: NEDA
October 25, 2022, 6:33 pm
MANILA – Integrating climate action into the country’s development plan now becomes a necessity amid impacts of climate change, Socioeconomic Planning Secretary Arsenio Balisacan said. In his keynote speech at the launching of World Bank Group’s Philippine Country Climate and Development… Read More
PH, France eye 10th JEC meeting in 2023
October 25, 2022, 4:50 pm
MANILA – The Philippines and France are postponing this year’s Joint Economic Committee (JEC) meeting initially set for the end of November, French Ambassador to the Philippines Michele Boccoz told reporters. In an interview Monday, Boccoz said the 10th JEC meeting between the Philippines and… Read More
PH, EU officials to tackle GSP+ status in Brussels this week
October 25, 2022, 3:20 pm
MANILA – Officials from the Philippines and the European Union (EU) will meet in Brussels, Belgium this week to discuss the status of the Philippines’ EU Generalized Scheme of Preferences Plus (GSP+). In a document obtained by the Philippine News Agency, Department of Trade and Industry (DTI)… Read More
Gov't firm on preventing PHP from touching 60-level: DOF
October 25, 2022, 9:04 am
MANILA – Finance Secretary Benjamin Diokno is open to the possibility of the peso touching the 60-level against the US dollar but said interventions will continue to prevent the local unit from overshooting the said level. “Pwede naman kasi mag-exceed ng one day tapos babalik naman sya (It can… Read More
BTr partially awards T-bills across-the-board
October 24, 2022, 9:48 pm
MANILA – After fully rejecting all bids for Treasury bills (T-bills) during the auction last week, the Bureau of the Treasury (BTr) partially awarded the debt paper across-the-board despite the oversubscription and rate upticks on Monday. The BTr offered the debt paper for PHP5 billion each… Read More
PH stocks rise ahead of US economic data; peso weakens
October 24, 2022, 8:06 pm
MANILA – The local stock barometer sustained its rise on Monday ahead of the release of some economic data from the United States but the peso weakened against the US dollar. The Philippine Stock Exchange index (PSEi) inched up by 0.76 percent, or 45.23 points, to 6,028.79 points. All Shares… Read More
France sees PH as growth champion in Asean
October 24, 2022, 7:59 pm
MANILA – Despite strong headwinds that the global economy is facing, French companies remain confident in investing in the Philippines, French Ambassador to the Philippines Michèle Boccoz said. In a press conference Monday, Boccoz said the visit of French business delegation here reflects the… Read More
DTI maintains SRP for candles as 'Undas' nears
October 24, 2022, 4:38 pm
MANILA – The Department of Trade and Industry (DTI) said Monday the agency is maintaining the suggested retail price (SRP) for candles amid increasing demand for the product in observance of All Saints' Day and All Souls' Day. The DTI urged the public to refer to the latest SRP of basic… Read More
SEC warns public vs. BitdefiHub
October 24, 2022, 2:45 pm
MANILA – The Securities and Exchange Commission (SEC) has warned the public against investing in BitdefiHub Advertising, which has been promising to double an investor’s money within 10 days. In an advisory dated Oct. 18, the commission flagged the public offering of BitdefiHub without… Read More
PH eyes retail dollar bond sale in December
October 24, 2022, 1:09 pm
MANILA – The Philippine government plans to offer another US dollar-denominated retail treasury bond (RTB) in December 2022. “Kasi very attractive yan for the OFWs (overseas Filipino workers), especially kung may mga papa-aralin kang bata five years from now (This issuance is very attractive… Read More
Oil price rollback set this week
October 24, 2022, 1:05 pm
MANILA – After two consecutive weeks of big-time price hikes, oil companies will reduce petroleum prices on Tuesday. In separate advisories, Cleanfuel, Petro Gazz, Seaoil, and Shell said they will slash gasoline prices by PHP0.35 per liter and cut diesel prices by PHP1.10 per liter. Seaoil and… Read More
PAVI eyes 1,000 MW of renewable energy in next 3 to 5 years
October 23, 2022, 7:55 pm
MANILA – Prime Asset Ventures, Inc (PAVI), through its renewable energy arm PAVI Green, is set to achieve up to 1000MW within the next three to five years to solidify the group’s commitment to providing clean and sustainable energy. This as PAVI strengthened its energy assets after recently… Read More
PH-SoKor 2nd JCTEC meet tackles supply chain, nuclear energy
October 21, 2022, 7:39 pm
MANILA – The Philippines and South Korea target to strengthen supply chain links between the two countries and boost cooperation on nuclear energy, South Korea’s Ministry of Trade Industry and Energy (MOTIE) said in a statement. This, as Manila and Seoul held their second Joint Commission for… Read More
PSEi down anew on negative dev’ts overseas; peso strengthens
October 21, 2022, 7:37 pm
MANILA – The main stocks index declined anew on Friday due in part to some negative developments overseas but the peso gained against the greenback. The Philippine Stock Exchange index (PSEi) shed by 1.20 percent, or 72.43 points, to 5,983.56 points. All Shares followed with a drop of 0.89… Read More
Gov’t to issue electric vehicle roadmap in Q1 2023
October 21, 2022, 6:52 pm
MANILA – The Department of Energy (DOE) said the government aims to issue the Comprehensive Roadmap for the Electric Vehicle Industry (CREVI) by first quarter of next year. In a statement Friday, DOE said it is in close coordination with the Department of Transportation and the Department of… Read More
Rate hike expectations push BSP's 28-day bills yield up anew
October 21, 2022, 6:31 pm
MANILA – Expectations for continued rise of interest rate resulted in another yield uptick for the Bangko Sentral ng Pilipinas’ (BSP) 28-day bills on Friday. The average rate of the debt paper rose to 5.0251 percent from 4.9781 percent during the auction last Oct. 14. The BSP reduced the… Read More
Interest rate hikes statement of PBBM, reiteration of BSP’s bid
October 20, 2022, 8:47 pm
MANILA — President Ferdinand R. Marcos’ tweet regarding the further increase in interest rate to help address the elevated domestic inflation reiterates earlier statements of monetary authorities, an economist said. “This is just re-affirming and being consistent with the earlier… Read More
Stocks slip on risk-off sentiments; peso ends flat vs. dollar
October 20, 2022, 7:10 pm
MANILA – Risk-off sentiments ended the Philippine Stock Exchange index’s (PSEi) rally on Thursday but the peso finished the day sideways despite expectations for further hikes in the interest rates both here and overseas. The local bourse’s main index shed 1.50 percent, or 92.32 points, to… Read More
