Business
SSS, GSIS mount digitalization programs
January 5, 2022, 5:36 pm
MANILA – The country’s social security institutions continue to digitalize their respective systems, which include allowing the electronic filing of benefit claims and application of loans, in line with President Rodrigo Duterte’s directive to further streamline and rev up the delivery of… Read More
No need to cap paracetamol, flu drugs purchase amid supply woes
January 5, 2022, 3:05 pm
MANILA – Department of Trade and Industry (DTI) Secretary Ramon Lopez said Wednesday manufacturers of paracetamol and flu medicines have recommended not to put a cap on the purchase of these drugs amid tight supplies, particularly in Metro Manila and some provinces. “The manufacturer… Read More
PH records lowest 2021 monthly inflation rate in December: NEDA
January 5, 2022, 12:35 pm
MANILA – The Philippines recorded its lowest monthly inflation rate for 2021, the National Economic and Development Authority (NEDA) said. The Philippine Statistics Authority (PSA) reported on Wednesday the headline inflation rate eased to 3.6 percent in December from 4.2 percent in… Read More
Technical glitch suspends trading; peso weakens vs USD
January 4, 2022, 8:16 pm
MANILA – Trading in the local bourse was canceled Tuesday due to technical issues while the peso weakened against the US dollar. In a memorandum on its website, Philippine Stock Exchange, Inc. (PSE) president and chief executive officer Ramon Monzon said there were “technical problems… Read More
Vax rollout, upward economic trends fuel PH recovery: BSP
January 4, 2022, 8:03 pm
MANILA – The Philippine economy will continue its recovery in 2022 despite the continuous threat of the coronavirus disease 2019 (Covid-19) as vaccination rollout and economic developments expand. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno, in his message during the first meeting… Read More
2022 outlook remains bullish despite Omicron threats
January 4, 2022, 6:48 pm
MANILA – The country’s economic outlook for this year remains rosy, Presidential Adviser for Entrepreneurship and Go Negosyo Founder Joey Concepcion said during the Laging Handa public briefing Tuesday. Concepcion remains optimistic despite the spike of Covid-19 cases following the holidays… Read More
BTr rejects tenders for 7-year T-bond due to high yield demand
January 4, 2022, 6:10 pm
MANILA – The Bureau of the Treasury’s (BTr) auction committee fully rejected all bids for the re-issued seven-day Treasury bond (T-bond) on Tuesday after investors asked for high yields. Had the committee made a full-award, the rate of the debt paper would have risen to 4.814 percent from… Read More
Tight supply of paracetamol brands due to delivery issue: DTI
January 4, 2022, 5:29 pm
MANILA – Department of Trade and Industry (DTI) Secretary Ramon Lopez said there is no shortage of paracetamol in the local market, and its tight supply is due to delivery issues. “There might be a temporary tight supply for some brands. But it is due to timing of deliveries to replenish the… Read More
Biz sector backs expansion of Alert Level 3 to 3 provinces
January 4, 2022, 4:39 pm
MANILA – Presidential Adviser for Entrepreneurship Joey Concepcion has expressed the business sector’s support for the government’s decision to expand the stricter alert level system to Bulacan, Cavite, and Rizal starting January 5. During the Laging Handa public briefing on Tuesday,… Read More
Apple becomes first company to reach $3T market cap
January 4, 2022, 12:59 pm
WASHINGTON – The US-based technology giant Apple has become the first company with a USD3 trillion stock market value. Apple, whose stocks increased by three times since the beginning of the pandemic, gained a value of about 3 percent on Monday. On the first transaction day of 2022, the… Read More
No post-typhoon hoarding, price hike in NegOr: DTI
January 3, 2022, 8:12 pm
DUMAGUETE CITY – The Department of Trade and Industry (DTI) in Negros Oriental on Monday reassured the public it is keeping a close eye on the prices and the stability of supply of goods in the province following the onslaught of Typhoon Odette last month. DTI provincial director Nimfa Virtucio… Read More
PH stocks gauge contracts, peso stays firm vs. US dollar
January 3, 2022, 7:15 pm
MANILA – The Philippine Stock Exchange index (PSEi) started the year with losses as coronavirus disease 2019 (Covid-19) cases globally rise anew but the Philippine peso keeps its footing against the greenback. The main stocks index shed 1.14 percent, or 81.36 points, to 7,041.27 points. All… Read More
Oil up over supply outages in Libya, ahead of OPEC+ meeting
January 3, 2022, 6:35 pm
ANKARA – Oil prices were up on Monday due to supply disruptions in Libya and ahead of the meeting of producers of the Organization of Petroleum Exporting Countries and allies (OPEC+) on Tuesday when they will decide how much oil to pump in February. International benchmark Brent crude was… Read More
Big-time oil price hike greets consumers in first week of 2022
January 3, 2022, 5:25 pm
MANILA – In the first week of 2022, consumers are faced with higher fuel prices starting Tuesday. In separate advisories, Caltex, Cleanfuel, Petro Gazz, PTT Philippines, Seaoil, Shell, and Unioil said they will increase diesel prices by PHP2.40 per liter and PHP1.85 per liter on gasoline… Read More
T-bill rates drop on expectations for slower inflation rate
January 3, 2022, 5:24 pm
MANILA – Expectations for a slower inflation rate for December 2021 resulted in the drop of Philippine treasury bill (T-bill) rates on Monday. The average rate of the 91-day paper slipped to 1.075 percent, the 182-day’s to 1.269 percent, and the 365-day’s to 1.600 percent. These were at… Read More
Alert Level 3 in NCR won’t significantly impact businesses: DTI
January 3, 2022, 4:54 pm
MANILA – The Department of Trade and Industry (DTI) is expecting minimal impact on businesses as the National Capital Region (NCR) reverted to Alert Level 3 until January 15. DTI Secretary Ramon Lopez said during the "Laging Handa" public briefing Monday that the difference in terms of allowed… Read More
‘2021 proved mankind’s resilience yet again’: Diokno
January 3, 2022, 3:40 pm
MANILA – 2021 will be remembered not only because of the pandemic but another year of record-low interest rate -- a measure eyed to help lift the economy while ensuring financial inclusion and digitalization of financial transactions. To date, the Bangko Sentral ng Pilipinas’ (BSP) key policy… Read More
World’s biggest trade deal takes effect to boost global economy
January 2, 2022, 11:03 am
BANGKOK – The world's largest free trade pact forged by 15 Asia-Pacific countries entered into force Saturday to provide a tailwind for the region's post-pandemic recovery and a catalyst for global economic progress, bringing a ray of hope. The Regional Comprehensive Economic Partnership (RCEP)… Read More
SME interest in technology grows, so does barriers: WEF
January 1, 2022, 7:17 pm
MANILA – The Covid-19 pandemic has increased the interest of small and medium sized enterprises (SMEs) in digital technology, but numerous barriers prevent them from adopting technology needed to overcome pandemic-related challenges, according to a recent World Economic Forum (WEF) report. A new… Read More
Public offices have until Jan. 6 to submit Citizen’s Charters
January 1, 2022, 5:18 pm
MANILA – The Anti-Red Tape Authority (ARTA) reminded public offices nationwide to submit their Citizen’s Charters until January 6 as mandated by the Ease of Doing Business and Efficient Government Service Delivery Act. ARTA’s recent data showed 14 national government agencies (NGAs), 573… Read More
