Business
Social protection, human capital dev’t top priorities in PDP
September 13, 2022, 7:43 pm
MANILA – Social protection and human capital development will be among top priorities in the short to medium term under the upcoming Philippine Development Plan (PDP) 2023-2028, according to the National Economic and Development Authority (NEDA). In his keynote speech at the kick-off ceremony… Read More
PSEi slips as investors take wait-and-see stance; peso gains
September 13, 2022, 7:38 pm
MANILA – The local stock barometer ended its rally on Tuesday ahead of the release of the United States August consumer price index (CPI) report but the peso strengthened against the greenback. After a two-day rally, the Philippine Stock Exchange index (PSEi) declined by 0.21 percent, or 13.94… Read More
Landers to invest P500-M in Bacolod for 1st store in W. Visayas
September 13, 2022, 7:22 pm
BACOLOD CITY – Membership retail establishment, Landers Superstore, announced on Tuesday it is investing more than PHP500 million to open a branch in this city by March next year, which is expected to generate about 500 jobs for residents. To rise on a 2.5-hectare property inside Megaworld’s… Read More
DSWD grants livelihood aid to small biz owners in Bataan
September 13, 2022, 7:00 pm
CITY OF SAN FERNANDO, Pampanga – Several micro and small enterprise owners in Bataan have received financial assistance to help them recover from the socio-economic impact of the coronavirus disease 2019 (Covid-19) pandemic. The Department of Social Welfare and Development’s (DSWD) Sustainable… Read More
10-year T-bond rate falls
September 13, 2022, 5:11 pm
MANILA – The rate of fresh 10-year Treasury bond (T-bond) fell on Tuesday and the demand for the debt paper was high. The average rate of the securities, which will be issued on Sept. 15, 2022, slipped to 6.703 percent from 7.145 percent previously. Its coupon rate stood at 6.75 percent, which… Read More
Private sector still optimistic amid inflation, weaker peso
September 13, 2022, 3:59 pm
MANILA – Go Negosyo founder Joey Concepcion said businesses remain optimistic that the Philippine economy will grow this year despite inflation woes and depreciating peso. During the Pandesal Forum Tuesday, Concepcion said the faster pace of increase in prices in commodities and the weaker… Read More
Italian retailers put energy bills on display amid soaring prices
September 12, 2022, 7:46 pm
ROME – Struggling to cope with soaring energy prices, bar and restaurant owners across Italy have decided to share their pain with their customers, putting their “unbearable” gas and electricity bills on display. The nationwide “Bollette in Vetrina” (Bills on Display) initiative was… Read More
DOE assures enough fuel supply amid red, yellow alerts
September 12, 2022, 6:40 pm
MANILA – The Department of Energy (DOE) said there is no constraint in fuel supply in the country following the simultaneous forced outages of power generating plants in the Luzon grid on Monday. According to the National Grid Corporation of the Philippines (NGCP), Luzon grid was on yellow alert… Read More
BTr rejects 91-day, 364-day T-bill bids on rate uptick
September 12, 2022, 6:01 pm
MANILA – The Bureau of the Treasury (BTr) rejected bids for the three-month and one-year Treasury bills (T-bills) on Monday due to undersubscription and high yield demand from investors. The BTr’s auction committee, however, fully awarded the 182-day paper at PHP5 billion, which was also the… Read More
Peso almost unchanged, stocks up ahead of US inflation data
September 12, 2022, 5:56 pm
MANILA – The local stock barometer started the week up ahead of the release of United States August 2022 inflation report while the peso finished sideways against the US dollar. The Philippine Stock Exchange index (PSEi) rose by 1.66 percent, or 109.75 points, to 6,715.75 points. All Shares… Read More
PH CEOs’ business outlook remains rosy
September 12, 2022, 5:10 pm
MANILA – Chief executive officers (CEOs) in companies operating in the Philippines remain optimistic in the next 12 months, the PwC and Management Association of the Philippines (MAP) 2022 Philippine CEO survey showed. According to the survey, 87 percent of the CEOs are confident that their… Read More
Fuel prices down this week
September 12, 2022, 3:10 pm
MANILA – Oil companies have announced they will bring down petroleum prices starting 12:01 a.m. Tuesday. In separate advisories, Caltex, Cleanfuel, Jetti, Petro Gazz, PTT Philippines, Seaoil, and Shell said they will reduce gasoline prices by PHP0.45 per liter and PHP1.45 per liter for diesel.… Read More
PH stocks gauge, peso end week up
September 9, 2022, 7:31 pm
MANILA – The Philippines’ main stocks index sustained its rise and finished the week up, tracking its United States counterparts, a performance mirrored by the peso, which appreciated to the PHP56 level to the greenback. The Philippine Stock Exchange index (PSEi) gained 0.19 percent, or 12.26… Read More
BSP 28-day securities rate registers decline
September 9, 2022, 5:36 pm
MANILA – For the first time in months, the rate of the Bangko Sentral ng Pilipinas’ (BSP) 28-day bills declined amid strong demand from investors. Data released Friday showed that the average rate of the debt paper slipped to 4.0518 percent from 4.0596 percent during the auction on September… Read More
Monetary Board OKs framework to test financial technologies
September 9, 2022, 5:34 pm
MANILA – Bangko Sentral ng Pilipinas-regulated institutions and related firms can now test and offer in a controlled environment some innovative products that may eventually be useful for the domestic financial system. The central bank’s policy-making Monetary Board (MB) approved the… Read More
PH to lure investors in China fair
September 9, 2022, 5:28 pm
MANILA – The Department of Trade and Industry (DTI) will entice more businesses from China to invest and do business in the Philippines as the country participates in the China International Fair for Investments and Trade (CIFIT) 2022. Through its investment promotion agency, the Board of… Read More
Resumption of F2F classes partly boosts employment rate
September 8, 2022, 9:40 pm
MANILA – The continued reopening of the economy and the resumption of face-to-face classes have been attributed to the drop of the country’s unemployment rate to its lowest since the pandemic hit. Citing data released by the Philippine Statistics Authority (PSA), Socioeconomic Planning… Read More
Stocks index recovers; peso posts another all-time low
September 8, 2022, 7:16 pm
MANILA – The main stocks index recovered on Thursday partly on easing oil prices but the peso registered another record-low against the United States dollar. The Philippine Stock Exchange index (PSEi) increased by 0.61 percent, or 39.66 points, to 6,593.74 points. All Shares followed with a… Read More
PH ensures conducive regulatory environment for Singapore bizmen
September 8, 2022, 5:37 pm
MANILA – The Philippine government has pledged to provide investors from Singapore a conducive regulatory environment. Budget Secretary Amenah Pangandaman made the commitment before the Singaporean business community during the Philippine Economic Briefing (PEB) held at Shangri-La Hotel in… Read More
Economist sees recovery of PH foreign reserves
September 8, 2022, 5:35 pm
MANILA – The country’s foreign reserves posted a new two-year low as of end-August 2022 at USD98.976 billion but an economist said this continues to provide a strong buffer to the local currency. Citing Bangko Sentral ng Pilipinas (BSP) data released on Wednesday, Rizal Commercial Banking… Read More
