Business
NEDA, DTI make final push for Senate nod on RCEP
May 30, 2022, 7:30 pm
MANILA – The National Economic and Development Authority (NEDA) and the Department of Trade and Industry (DTI) are making their final push for the Senate to concur on the Regional Comprehensive Economic Partnership (RCEP) during this administration. This, as the agencies once again briefed… Read More
PCCI to push for bills improving connectivity in PH
May 30, 2022, 7:27 pm
MANILA – The Philippine Chamber of Commerce and Industry (PCCI) said it will support the passage of bills in the 19th Congress that will improve internet connectivity in the country. In a statement Monday, PCCI said legislations that will push for better internet services include the Open Access… Read More
Firms to adjust oil prices Tuesday
May 30, 2022, 7:24 pm
MANILA – Oil companies are set to implement price adjustments starting Tuesday. In separate advisories, Caltex, Cleanfuel, Jetti, Petro Gazz, PTT Philippines, Seaoil, and Shell will roll back gasoline prices by PHP1.70 per liter and will hike diesel prices by PHP1.20 per liter. Caltex, Seaoil,… Read More
Ease of paying taxes bill to support Diokno's digitalization push
May 30, 2022, 5:25 pm
MANILA – The Ease of Paying Taxes (EOPT) bill will enable incoming Finance Secretary Benjamin Diokno pursue his digitalization and modernization priorities for the tax agencies, a House leader said on Monday. In a statement, House Ways and Means Committee chair Joey Salceda said the EOPT is… Read More
France assists Guimaras prepare mango products for EU market
May 30, 2022, 5:24 pm
ILOILO CITY – The French government is helping the province of Guimaras develop the geographic indication (GI) for its sweet mango products in preparation for export to markets in the European Union (EU). “The French government is helping the Intellectual Property Office (IPO) and those… Read More
Improved alert level status to help gov't finances: economist
May 28, 2022, 10:37 am
MANILA – The continued reopening of the economy is seen to further lift the government’s revenue collections, as shown by the PHP4.9 billion budget surplus registered in April. The Bureau of the Treasury reported on Friday that revenues in the fourth month this year rose by 19.19 percent… Read More
BSP 28-day bills' rates rise anew
May 27, 2022, 9:33 pm
MANILA – The Bangko Sentral ng Pilipinas’ (BSP) 28-day securities registered oversubscription on Friday amid higher volume offer, and its interest rate jumped anew. Data released by the central bank showed that the average rate of the BSP bills, which is among the central bank’s excess… Read More
PH stocks index rises anew, peso keeps footing vs. greenback
May 27, 2022, 9:12 pm
MANILA – Risk-on sentiments reigned in the local bourse on Friday, resulting in another increase for the main stocks index, while the peso again finished the trade sideways against the US dollar. The Philippine Stock Exchange index (PSEi) increased by 1.21 percent, or 80.62 points, to 6,726.14… Read More
Micro, small enterprises may apply for wage hike exemption: DOLE
May 27, 2022, 7:07 pm
CITY OF SAN FERNANDO, Pampanga – Micro and small enterprises, especially those affected by the pandemic, may apply for wage hike exemption, the Department of Labor and Employment (DOLE) 3 (Central Luzon) said on Friday. DOLE-3 Director Geraldine Panlilio said establishments with not more than 10… Read More
BOC-Port of Clark exceeds May collection target
May 27, 2022, 4:02 pm
CITY OF SAN FERNANDO, Pampanga – The Bureau of Customs (BOC) – Port of Clark hit its revenue collection goal for the fifth straight month in May. A report from the Collection Division showed that BOC-Port of Clark surpassed its target for the month with an actual collection of PHP221.53… Read More
China’s largest hot pot chain to open 1st store in PH
May 27, 2022, 3:56 pm
MANILA – Haidilao, the largest hot pot restaurant chain in China, will open its first store in the Philippines next month, the Department of Trade and Industry (DTI) said Friday. The DTI said Haidilao International Holding Ltd. would continue to open more restaurants within the year, creating at… Read More
Sin taxes help gov’t deliver services amid pandemic: NEDA
May 27, 2022, 3:12 pm
MANILA – Higher levy on sin products such as alcohol, tobacco, and e-cigarettes as well as sugar-sweetened beverages has helped the government to deliver health and social services amid the global health and economic crisis. In a statement Friday, the National Economic and Development Authority… Read More
C. Visayas wage orders awaiting nat’l body’s nod
May 27, 2022, 2:42 pm
CEBU CITY – The Department of Labor and Employment in Central Visayas (DOLE-7) said on Friday the regional wage board has submitted its wage order to the National Wages and Productivity Commission (NWPC) for approval. DOLE Undersecretary Victor del Rosario, who is concurrent regional director,… Read More
AboitizPower RE project in Pangasinan to start ops in 2023
May 27, 2022, 2:03 pm
MANILA – Aboitiz Power Corp. will begin the commercial operation of its second solar power project in the province of Pangasinan in June 2023. In a statement Friday, the firm said through PV Sinag Power Inc., a special purpose vehicle of its unit Aboitiz Renewable Inc. (ARI), the 159… Read More
Incoming DOF chief to retain most undersecretaries, treasurer
May 26, 2022, 10:12 pm
MANILA – There will be no major changes in the line-up of undersecretaries for the next administration, Bangko Sentral ng Pilipinas (BSP) Governor and incoming finance chief Benjamin Diokno said on Thursday. “I intend to retain most of the Undersecretaries and also (National) Treasurer Lea (De… Read More
PH stocks index rises anew as peso finishes sideways
May 26, 2022, 8:55 pm
MANILA – Continued hawkish tone from the Federal Reserve resulted to another uptick in the Philippines’ main equities index on Thursday and the peso continued to remain firm against the greenback. The Philippine Stock Exchange index (PSEi) rose by 0.72 percent, or 47.76 points, to 6,645.52… Read More
Marcos’ economic team well received by officials, biz community
May 26, 2022, 8:53 pm
MANILA – Government officials and the business community have expressed their support for the incoming administration as the camp of President-elected Ferdinand “Bongbong” Marcos Jr. announced the names of its Cabinet members, especially the economic managers. Department of Trade and… Read More
Diokno accepts DOF post
May 26, 2022, 1:53 pm
MANILA – Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno has accepted the invitation of the incoming Marcos government to head the Department of Finance (DOF) and vowed for policy continuity to sustain economic recovery. In a statement issued on Thursday, Diokno said “it is an honor… Read More
PH stocks gauge recovers, peso still sideways
May 25, 2022, 9:20 pm
MANILA – Philippines shares recovered on Wednesday despite global economic slowdown worries and the peso sustained its sideways close against the US dollar. The Philippine Stock Exchange index (PSEi) gained 0.31 percent, or 20.31 points, to 6,597.76 points. All Shares rose by 0.10 percent, or… Read More
TDF up anew following BSP's key rates hike
May 25, 2022, 9:19 pm
MANILA – Rates of the Bangko Sentral ng Pilipinas’ (BSP) term deposit facility (TDF) rose anew on Wednesday and the seven-day facility was undersubscribed, following the hike in the central bank’s key rates last week. Data released by the central bank showed that average rate of the one-week… Read More
