Business
Term deposit facility rates rise anew
May 4, 2022, 8:21 pm
MANILA — The rate of the Bangko Sentral ng Pilipinas’ (BSP) term deposit facility (TDF) rose on Wednesday, with the 14-day facility posting undersubscription. BSP data show that the average rate of the seven-day TDF rose to 1.9597 percent from 1.9595 during the auction last April 27. The… Read More
Next leadership stands to benefit from Dutertenomics
May 4, 2022, 7:56 pm
MANILA — Department of Trade and Industry (DTI) Secretary Ramon Lopez said the next administration will reap the benefits of major economic reforms legislated in the past six years. “Makikita natin ‘yong benepisyo ng mga reporma natin sa next administration (We will see the benefits of our… Read More
Private sector accelerates shift to renewable energy
May 4, 2022, 7:51 pm
MANILA — The country’s largest mall operator, SM Supermalls, has surpassed its target in utilizing renewable energy for its power needs. At the launch of the energy efficiency and conservation information campaign of the Presidential Communications Operations Office (PCOO), Department of… Read More
Stocks recover, peso slips ahead of Fed rate decision
May 4, 2022, 7:15 pm
MANILA — Bargain hunting lifted the local stock barometer on Wednesday but the peso lost against the US dollar. The Philippine Stock Exchange index (PSEi) rose by 1.21 percent, or 81.65 points, to 6,802.73 points. All Shares followed with a jump of 0.50 percent, or 18.16 points, to… Read More
Shari’ah Supervisory Board to promote Islamic banking
May 4, 2022, 7:06 pm
MANILA — The bid to promote Islamic banking and finance in the Philippines got another boost following the signing of a memorandum of agreement (MOA) for the establishment of the Shari’ah Supervisory Board (SSB). The inter-agency Board in the Bangsamoro Autonomous Region in Muslim Mindanao… Read More
C. Luzon’s inflation rate climbs to 4.6% in March
May 4, 2022, 7:02 pm
CITY OF SAN FERNANDO, Pampanga — The headline inflation in Central Luzon went up to 4.6 percent in March 2022, the fourth-highest annual rate recorded in the region since March last year, the Philippine Statistics Authority-Regional Statistical Services Office (PSA-RSSO) reported on… Read More
Filipinos’ awareness on energy saving increases: DOE
May 4, 2022, 6:25 pm
MANILA — The aggressive promotion of energy efficiency and conservation during the Duterte administration has increased the awareness of Filipinos to save energy, the Department of Energy (DOE) said. To further raise their awareness on energy saving, the Presidential Communications Operations… Read More
Reopening of economy, digitalization boost insurance sector
May 3, 2022, 8:29 pm
MANILA — As expected, the pandemic boosted demand for protection products after more people saw the necessity to have personal insurance to help their families once an untoward incident happened to the breadwinners. Massive job losses happened but some generated extra savings because of the… Read More
GSIS collection via Bayad hits P113-M
May 3, 2022, 7:42 pm
MANILA — State pension fund Government Service Insurance System (GSIS) has already collected PHP113 million in loan payments after over 10 months of implementation of its partnership with Bayad (former Bayad Center). "Maraming salamat sa suporta ng aming miyembro at pensiyonado (Thank you very… Read More
BSP head office bags DOE 5-star energy rating anew
May 3, 2022, 6:30 pm
MANILA — The Bangko Sentral ng Pilipinas (BSP) head office in Manila has obtained a 5-star rating from the Department of Energy (DOE) during an on-the-spot energy audit held recently. "This recognition is a testament to our commitment to reduce energy consumption that will substantially impact… Read More
DOF chief economist voted as Tax Academy’s first prexy
May 3, 2022, 2:46 pm
MANILA – The Board of Trustees of the Philippine Tax Academy (PTA) has unanimously voted to elect Department of Finance (DOF) chief economist and retired Undersecretary Gil Beltran as the institution’s first president. Finance Secretary and PTA Board of Trustees chairperson Carlos Dominguez… Read More
BOC-Port of Clark exceeds April collection target by 39%
May 3, 2022, 1:40 pm
CITY OF SAN FERNANDO, Pampanga – The Bureau of Customs (BOC) – Port of Clark continues to sustain high monthly collection for the fourth month since January this year. A report on Tuesday said the BOC-Port of Clark recorded an actual collection of PHP299.62 million in April as against its… Read More
T-bill rates up ahead of Fed meeting
May 2, 2022, 8:29 pm
MANILA – The rates of Treasury bills (T-bills) rose on Monday, resulting in the partial award of the one-year debt paper. The average rate of the three-month paper rose to 1.272 percent, the six-month paper to 1.635 percent, and the one-year paper to 1.933 percent. These were at 1.140… Read More
Stocks, peso slip ahead of economic data
May 2, 2022, 7:55 pm
MANILA – The wait-and-see stance on the release of major economic data both here and overseas resulted in the negative close of the local stock barometer and the peso on Monday. The Philippine Stock Exchange index (PSEi) shed 0.15 percent, or 10.17 points, to 6,721.08 points. All Shares… Read More
Escudero proposes 5-year tax payment extension for MSMEs
May 2, 2022, 6:26 pm
LEGAZPI CITY – Sorsogon Governor Francis Escudero on Monday said the government should consider giving micro, small and medium enterprises (MSMEs) more time to pay their taxes as part of the country’s post-pandemic economic recovery measures. In a statement, Escudero urged Congress to enact a… Read More
‘Meager’ oil price rollback expected this week
May 2, 2022, 1:25 pm
MANILA – Oil firms will implement a rollback on fuel products starting Tuesday. In separate advisories, Caltex, Cleanfuel, Petro Gazz, PTT Philippines, Seaoil, and Shell announced they will cut diesel prices by PHP1.15 per liter and gasoline prices by PHP0.65 per liter. Caltex, Seaoil, and… Read More
PH April manufacturing index highest in over 4 years
May 2, 2022, 1:21 pm
MANILA – The further easing of pandemic restrictions pushed the country’s manufacturing performance in April 2022 to its peak in 53 months, S&P Global Philippines Manufacturing Purchasing Managers’ Index (PMI) reported Monday. Philippine producers’ PMI hit 54.3 in April this year from a… Read More
Food vendors welcome reopening of tourist spots in Pangasinan
May 1, 2022, 7:55 pm
LINGAYEN, Pangasinan – Small business owners here are starting to pick up after two years of pandemic-induced losses, thanks to the reopening of tourist spots. Buko (coconut) juice vendor RJ Casaclang from this municipality recommenced his business in November 2021 when the province was lowered… Read More
Gov’t, private sector vow to create more jobs for Filipinos
May 1, 2022, 3:39 pm
MANILA – Both public and private sectors have committed to continue creating more jobs for Filipinos as the country recovers from the coronavirus disease 2019 (Covid-19) pandemic. During the 120th Labor Day Trabaho, Negosyo, Kabuhayan Job and Business fair in Pampanga on Sunday, Department of… Read More
New York-based IT-BPO firm Anthem expanding in PH
May 1, 2022, 3:10 pm
MANILA – Anthem, Inc., a New York-based company in the information technology and business process outsourcing (IT-BPO) specializing in healthcare services, is expanding in the Philippines. A statement on Sunday said this investment plan was expressed by the company in a virtual meeting with… Read More
