Business
LPG price down by P63 for 11-kg tank starting May 1
May 1, 2022, 10:58 am
MANILA – Prices of liquefied petroleum gas (LPG) have gone down as much as PHP63.25 for11-kilogram cylinder as contract prices of LPG in the world market decreased. In an advisory, Petron and Phoenix LPG said they implemented a PHP5.75 per kilogram rollback in LPG prices starting 12:01 a.m.… Read More
Gov’t crafting guidelines for sustainable cold chain industry
April 29, 2022, 8:00 pm
MANILA – The Board of Investments (BOI), Environmental Management Bureau (EMB), Energy Utilization Management Bureau (EUMB), and the United Nations Industrial Development Organization (UNIDO) have partnered to create guidelines that would make the local cold chain industry sustainable and… Read More
Logistics firm taps franchising to expand biz
April 29, 2022, 7:27 pm
MANILA – A three-year-old logistics company founded in the province of Bulacan is venturing into franchising to expand its business nationwide. Bulacan Express Courier Services or BEXCS Logistics Solutions, Inc. will open its doors to franchisees who would like to offer the firm’s delivery… Read More
PH main stocks index slips but peso keeps footing vs. USD
April 29, 2022, 7:14 pm
MANILA – Volatility caused the Philippines’ main equities index to finish the week in the red but the peso managed to finish sideways against the US dollar. The Philippine Stock Exchange index (PSEi) lost 2.58 percent or 178.20 points to 6,731.25 points. All the other counters also ended the… Read More
BSP securities rate jumps as demand remains strong
April 29, 2022, 6:59 pm
MANILA – Bangko Sentral ng Pilipinas’ (BSP) 28-day bills attracted strong demand on Friday but its rate posted an uptick. Data released by the central bank showed that the paper, which is among the central bank’s excess liquidity mopping tools, was offered anew for PHP120 billion and was… Read More
BSP eyes 4.2% to 5% April inflation rate
April 29, 2022, 5:20 pm
MANILA – Prices of oil and its impact on power rates and some commodities are seen to push the domestic inflation rate for April 2022 between 4.2 to 5 percent. Another source of price pressure during the past month is the positive base effect, referring to the 4.5 percent inflation rate in April… Read More
Most Pinoy e-shoppers read reviews first: report
April 29, 2022, 3:27 pm
MANILA – Most Filipino online shoppers are reading product reviews first to help them decide on their online purchases, a report from technology-based logistics company Ninja Van in partnership with DPDgroup said. In the E-Commerce Southeast Asia Barometer Report 2021, the Philippines and… Read More
Regulatory body okays toll rates for Cebu expressway
April 29, 2022, 2:42 pm
CEBU CITY – The Local Toll Regulatory Council (LTRC) has authorized the implementation of the toll rates approved by the LGU-grantors based on the concession agreement for the Cebu-Cordova Link Expressway (CCLEX), the firm managing the iconic bridge said in a statement on Friday. The approved… Read More
Return-to-office to ramp up office market absorption
April 28, 2022, 8:34 pm
MANILA – As the coronavirus disease 2019 (Covid-19) restrictions eased and workers are urged to return to their workplaces, the Philippine office market is expected to stabilize occupancy rate for 2022, a professional services and investment management firm said. During the Colliers Philippine… Read More
Stocks recover amid volatility; peso weakens
April 28, 2022, 8:31 pm
MANILA – Volatility allowed the main equities index to recover on Thursday after days of negative close, but the peso turned the other way and depreciated against the US dollar. The Philippine Stock Exchange index (PSEi) rose by 0.66 percent, or 45.54 points, to 6,909.45 points. It was tracked… Read More
SMC to invest P60-B power plant on Mactan Island
April 28, 2022, 6:14 pm
CEBU CITY – Mactan Island will soon become home to Cebu’s biggest power plant after the San Miguel Corporation (SMC) signified its intention to invest in a liquefied natural gas (LNG)-powered plant in the city of Lapu-Lapu, Mayor Junard Chan on Thursday said. “Dako nakong pasalamat nga aduna… Read More
Steel maker fully shifts to renewable energy via First Gen deal
April 28, 2022, 5:18 pm
MANILA – A Cebu-based steel manufacturer and property developer is set to be a carbon-neutral firm by 2025 as it completely shifted to renewable energy (RE) by tapping First Gen Corp. as its power supplier. In a statement Thursday, First Gen said the company is now supplying the total power… Read More
SEC orders 3 illegal lenders to cease ops
April 28, 2022, 2:25 pm
MANILA – The Securities and Exchange Commission (SEC) has ordered three online lending operators to stop their lending activities without the necessary authorization from the Commission and to stop employing abusive collection practices. In an order issued April 26, the commission en banc… Read More
Diokno hints on possible rate hike in June
April 27, 2022, 9:04 pm
MANILA – Monetary officials will likely consider a hike in the central bank’s key rates in June, or once the 2022 first-quarter domestic output report is out, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said. In an interview over Bloomberg television on Tuesday night, Diokno… Read More
Stocks slip anew, peso strengthens
April 27, 2022, 8:45 pm
MANILA – Concerns on the surging coronavirus disease 2019 (Covid-19) cases in China and its global economic impact mainly hurt the local main equities index on Wednesday, but the peso improved against the greenback. The Philippine Stock Exchange index (PSEi) lost 1.66 percent, or 116.11 points,… Read More
Catanduanes as ‘abaca capital’ hailed as big boost to industry
April 27, 2022, 8:42 pm
LEGAZPI CITY – Stakeholders in the abaca (Manila hemp) industry are optimistic that the newly signed law declaring Catanduanes as "Abaca Capital of the Philippines" will further boost the industry and improve the livelihood of abaca planters. Catanduanes Governor Joseph Cua, in an interview on… Read More
Dark chocolate bar pushed as NegOr town's top product
April 27, 2022, 8:39 pm
DUMAGUETE CITY – The local government unit (LGU) of Valencia, Negros Oriental, together with its partner stakeholders from the government, private, and civilian sectors, are pushing a dark chocolate bar produced by cacao farmers at the foot of Mt. Talinis as its One Town, One Product (OTOP).… Read More
PH offers $153-B investment opportunities in energy sector
April 27, 2022, 8:30 pm
MANILA – The Department of Energy (DOE) has urged Singaporean businesses, as well as other foreign investors, to look into the country’s investment prospects in the energy sector, which amounts to USD153 billion. During the 3rd Philippine-Singapore Business and Investment Summit Wednesday,… Read More
TDF registers undersubscriptions, rates up
April 27, 2022, 8:06 pm
MANILA – A Bangko Sentral ng Pilipinas (BSP) executive said domestic liquidity remains robust and can buoy credit demand as undersubscriptions were registered during the term deposit facility (TDF) auction on Wednesday despite lower offer volume. The rates of both the one-week and two-week… Read More
DTI opens 156 Go Lokal! stores since 2016
April 27, 2022, 4:18 pm
MANILA – The Department of Trade and Industry (DTI) has opened a total of 156 Go Lokal! outlets nationwide since the program was launched in December 2016. In an advisory Wednesday, the DTI said the Go Lokal! program has 24 partner retailers, most of them are leading mall operators in the… Read More
