Business
PEZA revises investment growth projection to 7-8%
April 1, 2022, 12:02 pm
MANILA – Philippine Economic Zone Authority (PEZA) Director General Charito Plaza said Friday the investment promotion agency is now looking at 7 to 8 percent growth in investment approvals this year, In an interview with ABS-CBN News Channel, the new growth outlook is slightly higher than its… Read More
LPG prices up for 4 straight months
April 1, 2022, 9:14 am
MANILA – Prices of liquefied petroleum gas (LPG) remain elevated for four consecutive months, with the new price hike starting April. In separate advisories, Petron and Phoenix LPG Phils. Inc. increased LPG prices by PHP3.25 per kilogram. Solane-branded LPG also hiked prices by PHP3.27 per… Read More
BSP sets strengthening program for rural banks
March 31, 2022, 8:16 pm
MANILA – The Bangko Sentral ng Pilipinas (BSP) has been processing 18 transactions for bank mergers, consolidations, and acquisitions since 2020 and half of these involve rural banks, BSP Governor Benjamin Diokno said. In a virtual briefing on Thursday, Diokno expressed optimism about the… Read More
Bargain hunting lifts stocks index, peso closes at 51-level
March 31, 2022, 8:11 pm
MANILA – Bargain hunting lifted the local stocks index on Thursday while the peso improved to the 51-level against the US dollar. The Philippine Stock Exchange index (PSEi) rose by 0.51 percent, or 36.45 points, to 7,203.47 points. All Shares followed with a jump of 0.45 percent, or 17.08… Read More
BSP forecasts March ’22 inflation at 3.7%
March 31, 2022, 6:06 pm
MANILA – Monetary authorities project an acceleration of domestic inflation rate for March 2022 to 3.7 percent from the previous month’s 3 percent due to an uptick in oil prices, among others. In a Viber message to journalists on Thursday, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin… Read More
PH eyes to be 1st SEA country to use internet via satellite tech
March 31, 2022, 5:20 pm
MANILA – The Philippines will be the first Southeast Asian nation to use the internet via satellite technology of world’s richest person, Elon Musk, as its company, Space Exploration Technologies Corp. (SpaceX), is currently registering its business in the country. In a Viber message to trade… Read More
Gibo Teodoro bats for women empowerment in digital tech
March 31, 2022, 2:30 pm
MANILA – Former National Defense Secretary and now senatorial candidate Gilbert "Gibo" Teodoro said empowering women in digital technology will help in narrowing income gap and inequality among genders. In a statement Thursday, Teodoro recognized the government's initiatives to advance the… Read More
Improvement of alert level to boost PH economy
March 30, 2022, 8:51 pm
MANILA – The vaccination rate in an area is among the factors being looked into vis-à-vis the plan to elevate to Alert Level 1 all parts of the Philippines, a ranking National Economic and Development Authority (NEDA) official said. During the virtual briefing for the Malacanang Press Corps… Read More
Stronger public-private sector tie-up to address cybercrimes
March 30, 2022, 8:46 pm
MANILA – The continued public-private sector partnership is expected to further solidify measures against fraud, especially now that more financial transactions are done digitally. Lawyer Irish Almeida, Globe Telecom’s chief privacy officer, said continued collaboration, exchange of… Read More
PSEi at 3-week high on risk-on sentiments; peso touches 51-level
March 30, 2022, 8:13 pm
MANILA – The local stock barometer posted a new three-week high on Wednesday and it was trailed by the peso, which touched the 51-level to a US dollar mid-trade. The Philippine Stock Exchange index (PSEi) inched up by 0.73 percent, or 51.93 points, to 7,167.02 points. Rizal Commercial… Read More
BSP term deposit facility rates decline anew
March 30, 2022, 7:29 pm
MANILA – Strong demand was registered during the term deposit facility (TDF) auction by the Bangko Sentral ng Pilipinas (BSP) on Wednesday, resulting in the decline of the facility’s interest rates. Data released by the central bank showed that the interest rate of the seven-day TDF slipped… Read More
Chemical, food maker sees further recovery despite Ukraine war
March 30, 2022, 7:21 pm
MANILA – Food ingredients and plastics manufacturer D&L Industries sees continued recovery this year despite the Russia-Ukraine war, as a lower coronavirus alert level and decline in new cases enable further reopening of the economy. “Even (if) there are new variants of Covid (coronavirus… Read More
US stocks end higher on Ukraine peace talks
March 30, 2022, 6:58 pm
ANTALYA, Turkiye – Major United States (US) stock indexes ended higher Tuesday, helped by the positive atmosphere during peace talks in Turkiye between Russia and Ukraine and ahead of the release of employment and consumer confidence data. This week will see the release of important US… Read More
Face mask maker eyes $1.9-B Industrial Town in PH
March 30, 2022, 6:54 pm
MANILA – Face mask maker Medtecs International Corp. Ltd. aims to establish an Industrial Town in the Philippines that will produce electric vehicles, personal protective equipment (PPE), and integrated textile manufacturing. In a statement Wednesday, the Board of Investments (BOI) said Medtecs… Read More
IPOPHL offers free patent filing for women-led inventions, design
March 30, 2022, 5:34 pm
MANILA – The Intellectual Property Office of the Philippines (IPOPHL) promotes patent filing for inventions and designs made by Filipina inventors, designers, and entrepreneurs. On Wednesday, the IPOPHL and the Department of Trade and Industry (DTI) signed a memorandum of understanding for the… Read More
BOI, Adamson partner to address job mismatch
March 30, 2022, 12:50 pm
MANILA – The Board of Investments (BOI) has intensified its effort in partnering with the academe to address skills and job mismatch in the country. In a statement Wednesday, BOI said it signed a memorandum of understanding (MOU) with Adamson University (AdU) last March 29 to establish a… Read More
BTr fully-awards 10-year T-bond
March 29, 2022, 8:32 pm
MANILA – The Bureau of the Treasury’s (BTr) auction committee fully awarded the PHP35 billion 10-year Treasury bond (T-bond) offering on Tuesday amidst the uptick in interest rate. The average rate of the debt paper rose to 6.092 percent from 5.093 percent previously. Total tenders… Read More
Global markets mostly positive as oil prices fall
March 29, 2022, 8:29 pm
ANKARA – Global markets are following a positive course on Tuesday with the backing of decline in oil prices and hope for progress in peace talks between Russia and Ukraine. Asian stocks were on rise during the day as United States and Europe futures were broadly looking up. Delegations from… Read More
Digital payments growth seen to remain robust post-pandemic
March 29, 2022, 8:13 pm
MANILA – Growth of digital payments post-pandemic is expected to remain strong as more people realize the convenience it brings as well as the introduction of more innovative services. In a virtual briefing on Tuesday, Visa Country Manager for the Philippines and Guam Dan Wolbert said… Read More
Stocks slip, peso keeps footing on data-filled week
March 29, 2022, 8:09 pm
MANILA – The release of economic data this week, which are expected to impact Federal Reserve’s rate decisions, dampened the local stock barometer on Tuesday but the peso managed to keep its footing against the US dollar. The Philippine Stock Exchange index (PSEi) shed 0.27 percent, or… Read More
