Business
LPG prices down by P2.55 per liter, auto LPG by P1.40
January 1, 2022, 1:48 pm
MANILA – Prices of liquefied petroleum gas (LPG) dropped at the start of 2022. In separate advisories, Petron and Phoenix LPG Philippines Inc. said they decreased the prices of their LPG products by PHP2.55 per kilogram, or PHP28.05 per 11-kilogram household cylinder. Petron also cut by PHP1.43… Read More
Bringing back businesses, jobs in the ‘new normal’
December 31, 2021, 3:18 pm
MANILA – With nearly two years of facing the coronavirus disease 2019 (Covid-19) pandemic, both public and private sectors have put forward various initiatives to restart businesses and recover jobs. Since the Covid-19 outbreak in early 2020, the pandemic still has lingering impacts on… Read More
Pangasinan small biz owners welcome eased Covid-19 restrictions
December 30, 2021, 8:43 pm
MANGATAREM, Pangasinan – More lenient movement restrictions and the usually increased demand during the end-year holidays make small business owners here optimistic of sales. Since the pandemic started in the first quarter of 2020, operations of most businesses have been hampered by the… Read More
DOE gradually restores power in Bohol
December 29, 2021, 5:15 pm
MANILA – Bringing back the electricity in Bohol has been a challenge for the Department of Energy (DOE) Task Force on Energy Resiliency (TFER), but power in the province is expected to be back late Wednesday night or by Thursday morning. In a press briefing Wednesday, DOE Director Mario… Read More
Over 1K ‘Odette’-hit MSMEs to get DTI’s livelihood cards
December 28, 2021, 4:42 pm
MANILA – Department of Trade and Industry (DTI) Secretary Ramon Lopez said the agency will release Livelihood Seeding Program (LSP) Negosyo sa Barangay cards to small-scale businesses areas affected by Typhoon Odette starting Dec. 30. In his report to President Rodrigo Duterte during Chief… Read More
'Odette'-affected C. Visayas MSMEs to get DTI ‘negosyo kits’
December 28, 2021, 3:45 pm
CEBU CITY – At least 390 microenterprises in three provinces of Central Visayas which were ravaged by Typhoon Odette will receive Negosyo Kits through the Land Bank of the Philippines cash cards, the Department of Trade and Industry (DTI)-Region 7 said on Tuesday.The assistance for the… Read More
Stocks up ahead of yearend window dressing; peso weakens
December 27, 2021, 8:03 pm
MANILA – The Philippine Stock Exchange index (PSEi) started the week higher amid the quiet session during the Christmas holiday, but the peso weakened against the US dollar. The main equities index rose by 1.02 percent, or 72.94 points, to 7,254.80 points. All Shares followed with a jump of… Read More
NTRC boosts incentives application portal for investors
December 27, 2021, 7:56 pm
MANILA -- The National Tax Research Center (NTRC) is further developing the functionalities of its existing incentives application portal for investors to allow the electronic submission in the future of reports that would enable the government to better review and analyze the economic impact of… Read More
C. Visayas retail stores to explain price freeze violation
December 27, 2021, 6:53 pm
CEBU CITY – At least 52 retail establishments in Region 7 have received a letter of inquiry (LOI) for violating the price freeze order, the Department of Trade and Industry (DTI)-Central Visayas said on Monday. In a statement, the DTI-7 said two out of 137 establishments in Cebu province… Read More
Visayan Electric eyes 80% of service area restored by Jan. 10
December 27, 2021, 5:21 pm
MANILA – Aboitiz Power Corporation distribution utility subsidiary, Visayan Electric Company (Visayan Electric), is targeting to have 80 percent restoration of power to customers in almost all urbanized areas within its franchise by January 10 next year, with the hardest to reach areas to get… Read More
Peso seen to remain strong as OFW remittances come in
December 24, 2021, 7:28 pm
MANILA – An economist projects the peso to remain firm against the US dollar for at least another week as seasonal remittance inflows from overseas Filipino workers (OFWs) continue to pour in. On Friday, the peso finished the trade at 50.04, sideways from its 50.045 close a day ago. It even… Read More
Stocks slip on profit-taking; peso remains firm
December 24, 2021, 6:55 pm
MANILA – The Philippine Stock Exchange index (PSEi) finished the week in the negative territory due to correction, but the peso remained firm against the US dollar as it even touched the 49-level. A day after posting gains, the main stocks index shed 0.91 percent, or 66.19 points, to 7,181.86… Read More
Further easing of movement restrictions boosts gov't revenues
December 24, 2021, 6:45 pm
MANILA – An economist forecasts further improvement in the growth of government revenues in line with the expected easing of movement restrictions by early 2022. Data released by the Bureau of the Treasury (BTr) on Friday showed a 15.56-percent year-on-year rise of government revenues last… Read More
DTI issues 'strong warning' vs. overpricing in Region 7
December 24, 2021, 6:39 pm
CEBU CITY – The Department of Trade and Industry (DTI) in Region 7 on Friday issued a “strong warning” against unscrupulous traders that are found violating the price freeze order from the agency, as it is currently intensifying monitoring of non-compliant establishments. DTI-7 regional… Read More
RE firm helps Gawad Kalinga communities save on electric bill
December 24, 2021, 4:30 pm
MANILA – Renewable energy company MSpectrum Inc. has partnered with Gawad Kalinga to help their communities shift to clean energy and save on electricity bills. The partnership between Spectrum and Gawad Kalinga targets an installation of 670-watt peak (Wp) solar photovoltaic (PV) panels in… Read More
GSIS loan collection via Bayad Centers reaches P65-M
December 24, 2021, 4:06 pm
MANILA – State pension fund Government Service Insurance System (GSIS) has collected over PHP65 million in loan payments made through Bayad Centers following the accreditation of more branches of the collection partner. GSIS’s partnership with Bayad, which started in April this year, provides… Read More
GSIS assures continuous release of benefits
December 24, 2021, 3:08 pm
MANILA – State pension fund Government Service Insurance System (GSIS) is not affected by its recent shift to Philippine Financial Reporting Standard (PFRS) 4 and is capable of paying its financial obligations to members and pensioners. PFRS 4 requires the reporting of future social benefit… Read More
BSP sets interest, penalty ceilings for loans up to P10K
December 23, 2021, 8:52 pm
MANILA – The Bangko Sentral ng Pilipinas (BSP) has imposed ceilings on interest rates, fees, and penalties for late payments or non-payments for general purpose loans not higher than PHP10,000. In a virtual briefing on Thursday, BSP Governor Benjamin Diokno said the central bank’s… Read More
Risk-on sentiments lift stocks index, peso
December 23, 2021, 8:20 pm
MANILA – The Philippine Stock Exchange index (PSEi) rebounded on Thursday after days in the negative territory as investors set aside concerns over the Omicron coronavirus disease 2019 (Covid-19) variant, a performance mirrored by the peso. The main equities index rose by 1.81 percent, or… Read More
Currency supply in ‘Odette’-hit areas enough: BSP
December 23, 2021, 6:54 pm
MANILA – The currency supply in areas devastated by Typhoon Odette remains sufficient, the Bangko Sentral ng Pilipinas (BSP) said. This was the assurance given by the central bank on Thursday, saying all its offices and branches in the Visayas and Mindanao “continue to fully service the… Read More
