Business
Economic team urges PRRD to certify RCEP ratification as urgent
January 18, 2022, 12:41 pm
MANILA – Department of Trade and Industry (DTI) Secretary Ramon Lopez said economic managers have endorsed the Regional Comprehensive Economic Partnership (RCEP) to President Rodrigo Roa Duterte so he could certify it as urgent for the Senate’s concurrence. “We have asked the President to… Read More
T-bill rates slip again
January 17, 2022, 8:53 pm
MANILA – The country’s Treasury bills (T-bills) rates declined anew on Monday on deceleration of domestic inflation rate. The average rate of the 91-day paper slipped to 0.875 percent, the 182-day to 1.097 percent, and the 364-day to 1.415 percent. These were at 0.969 percent, 1.121… Read More
BOI OKs P109.5-M essential oil export producer’s project
January 17, 2022, 8:45 pm
MANILA – The Board of Investments (BOI) has approved the application for registration of Iba Botanicals Inc. as a new export producer of pure essential oils that will soon operate in Zambales. Expected to start its commercial operation in January 2022, the project was registered under… Read More
Over 90% of biz establishments in MM comply with health protocols
January 17, 2022, 8:41 pm
MANILA – The Department of Trade and Industry (DTI) reported Monday that more than 90 percent of monitored establishments in Metro Manila followed the minimum public health protocols in 2021. According to the Fair Trade Enforcement Bureau (FTEB), 4,925 out of 5,267 inspected business… Read More
Liberalization reforms to help PH growth back to pre-Covid level
January 17, 2022, 8:38 pm
MANILA – Reforms pushing for economic liberalization will help the country to get back to pre-pandemic level, Department of Trade and Industry (DTI) Secretary Ramon Lopez said Monday. During the webinar of Chinese Filipino Business Club Inc. (CFBCI), Lopez highlighted the importance of the… Read More
PSEi, peso end trade down partly on US tech shares selloff
January 17, 2022, 7:59 pm
MANILA – Both the Philippine Stock Exchange index (PSEi) and the peso finished Monday down partly because of the Martin Luther King (MLK) Jr. holiday in the United States. Most of the counters in the local bourse closed in the negative territory, with the main index losing 0.52 percent, or… Read More
Pandemic not affecting homebuyers payment capacity: property firm
January 17, 2022, 7:26 pm
MANILA – The pandemic has not hampered clients of mid-range residential property developer Haus Talk, Inc. (HTI) in paying their amortization, partly making the company, which issued its initial public offering (IPO) Monday, more bullish in their operations. In a virtual briefing, HTI… Read More
Monitoring on overpricing continues month after ‘Odette’: DTI-7
January 17, 2022, 5:33 pm
CEBU CITY – Monitoring for violations of commercial establishments on the price freeze order will continue even if a month has already passed after the onslaught of the Typhoon Odette, the Department of Trade and Industry in Central Visayas (DTI-7) on Monday said. In a statement, the DTI-7 said… Read More
Oil prices up for 3rd time this month
January 17, 2022, 5:13 pm
MANILA – Petroleum prices are rallying for three weeks in a row. In separate advisories, Caltex, Cleanfuel, Petro Gazz, Seaoil, Shell, and Unioil said they will increase gasoline prices by PHP0.90 per liter and PHP1.80 per liter on diesel effective on Tuesday. Caltex, Seaoil, and Shell will… Read More
‘Plug and play’ spaces for workers emerge in Cebu after ‘Odette’
January 17, 2022, 4:46 pm
CEBU CITY – With Typhoon Odette causing widespread disruption in Cebu province, many information technology and business process management (IT-BPM) companies carried out business continuity plans (BCP), a property consultancy firm said on Monday. The plans are being carried out to… Read More
DTI lauds 1st SME to list on PSE this year
January 17, 2022, 3:57 pm
MANILA – Department of Trade and Industry (DTI) Secretary Ramon Lopez has lauded real estate developer Haus Talk, Inc. for being the first small and medium enterprise (SME) to be publicly listed for this year. Madlambayan family’s business Haus Talk conducted its initial public offering (IPO)… Read More
Gov’t programs assist biz startups, MSME digitalization
January 15, 2022, 5:23 pm
MANILA – The government is offering various programs to help micro, small and medium enterprises (MSMEs) transform their businesses digitally to sustain operations even during the pandemic and promote youth entrepreneurship development. Edwin Pasahol, chief of the Department of Trade and… Read More
Global lockdowns, rising cases take toll on PH economy
January 14, 2022, 9:00 pm
MANILA – Growth of inflows from overseas Filipino workers (OFWs) will be driven by the recovery of countries from another period of lockdowns as coronavirus disease 2019 (Covid-19) infections rise anew. On Friday, the Bangko Sentral ng Pilipinas (BSP) reported the 5.1 percent year-on-year jump… Read More
Profit-taking hurts PH stocks index; PHP firm vs. USD
January 14, 2022, 8:54 pm
MANILA – The Philippine Stock Exchange index ended the week on the red after some investors took profit but the peso finished sideways against the US dollar as it continued to trade at the PHP50-level. The main stocks index lost 0.64 percent to 7,261.34 points, or 46.41 points. All Shares… Read More
BSP 28-day bill rate declines anew
January 14, 2022, 8:21 pm
MANILA – The average rate of the Bangko Sentral ng Pilipinas’ (BSP) 28-day bills declined anew on Friday as demand for the debt paper remained. Data released by the central bank showed that the average rate of the securities fell to 1.7298 percent from 1.7666 percent during the auction on… Read More
Presidential biz adviser sees no need for stricter alert level
January 14, 2022, 3:07 pm
MANILA – Presidential Adviser for Entrepreneurship Joey Concepcion believes that there is no need for the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF) to implement a stricter alert level system, particularly in Metro Manila as people are doing voluntary… Read More
ARTA urges LGUs to extend biz permits renewal up to Q1 end
January 14, 2022, 11:59 am
MANILA – Amid the spike in coronavirus disease 2019 (Covid-19) cases at the start of the year, the Anti-Red Tape Authority (ARTA) has called on local government units (LGUs) to extend the period of business permit renewals and payment of real property tax until March 31. ARTA Director General… Read More
German biz group sees big opportunities with new retail trade law
January 14, 2022, 11:53 am
MANILA – The German-Philippine Chamber of Commerce and Industry (GPCCI) said Friday it sees greater opportunities in putting up shops in the country after the enactment of Republic Act 11595 or the Retail Trade Liberalization Act (RTLA). “We welcome the enactment of this landmark reform. As… Read More
Strong corporate governance, lending mgt buoy financial sector
January 13, 2022, 8:59 pm
MANILA – Philippine banks’ strong corporate governance and effective management of lending operations allowed the sector to weather the impact of the current pandemic. In a virtual briefing on Thursday, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said the domestic financial… Read More
PH peso to get hit from Fed rate normalization
January 13, 2022, 8:18 pm
MANILA – An analyst has forecast the Philippine peso’s 2022 performance to be driven by changes in the Federal Reserve’s policy rates instead of trade developments, just like what happened last year. In a report released on Thursday, ING Bank Manila senior economist Nicholas Antonio Mapa… Read More
