Business
Consumer, biz confidence Filipinos in UAE at all-time high
December 10, 2021, 2:06 pm
DUBAI – A national survey presented at Expo 2020 Dubai heralded a post-pandemic optimism of Filipino consumers for the United Arab Emirates’ (UAE) sustainable growth trajectory in the next 12 months. The study by The Filipino Times, the biggest news platform for Filipinos in the Middle East… Read More
SEC approves AREIT shelf offering, Cityland commercial papers
December 10, 2021, 1:14 pm
MANILA – The Securities and Exchange Commission (SEC) has approved the public offerings made by AREIT, Inc. and Cityland, Inc. In its meeting on December 9, the commission en banc resolved to render effective the registration statements of AREIT for a PHP15-billion debt securities program, and… Read More
DTI-Zambales confers gold ‘Bagwis Awards’ to 5 retailers
December 9, 2021, 8:11 pm
SUBIC BAY FREEPORT – The Department of Trade and Industry (DTI) office in Zambales-Olongapo City gave Bagwis awards to five product retailers that extended outstanding customer service for the year 2021. DTI officer-in-charge provincial director Enrique Tacbad said in a statement on Thursday… Read More
Investors’ optimism pushes shares, peso higher
December 9, 2021, 8:04 pm
MANILA – Both the local stock market and Philippine peso ended Thursday’s trading higher as investors’ sentiment remains optimistic with better turnout of employment and inflation data despite the threats of Omicron variant. The Philippine Stock Exchange index (PSEi) finished 1.23 percent… Read More
BSP remains vigilant amid global supply chain challenges
December 9, 2021, 7:46 pm
MANILA – Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said the central bank continues to be on the lookout for developments in the global supply chain as it may impact the county’s inflation. In his press conference Thursday, Diokno said current disruptions in the global supply… Read More
Gov’t protocols enough to ‘ward off’ Omicron: local carriers
December 9, 2021, 7:19 pm
MANILA – Three of the major local carriers said the Covid-19 Omicron variant is not yet affecting airline operations, adding the government is doing the necessary measures to prevent it from entering the country. "We can say that the country is ready. The IATF and aviation stakeholders work… Read More
ARTA chief’s exit plan: Fast-track improvement in gov’t services
December 9, 2021, 7:00 pm
MANILA – Anti-Red Tape Authority (ARTA) director general Jeremiah Belgica said his ‘exit plan’ -- as the Duterte administration will finish its term next year -- is to accelerate reforms to improve government services. “The exit plan is to create more momentum for us,” Belgica said… Read More
PH poised to continue ease of doing business reforms
December 9, 2021, 4:21 pm
MANILA – Despite the World Bank announcement on the discontinuation of its Doing Business Report, the Philippines will pursue reforms in ease of doing business. The Anti-Red Tape Authority (ARTA) said the country will now have a “localized version of the Doing Business Report” of the World… Read More
DOF to borrow less from BSP next year
December 9, 2021, 4:20 pm
MANILA – The Department of Finance (DOF) on Wednesday said the national government (NG) will borrow lesser amount from the Bangko Sentral ng Pilipinas (BSP) in 2022. In a statement, DOF said the NG has informed the Monetary Board of a liquidity support request of PHP300 billion next year, which… Read More
Global markets get boost as Omicron worries fade
December 8, 2021, 6:34 pm
ISTANBUL – With fears fading that the Omicron variant will disrupt the global economic recovery, equity markets followed a buying-heavy course. While Asian markets started the midweek in positive territory, US' S&P and Nasdaq indices registered their strongest daily rises in nine… Read More
Gov’t to repay P540-B BSP debt in advance
December 8, 2021, 5:13 pm
MANILA – Finance Secretary Carlos Dominguez III has informed the Monetary Board (MB) that the national government (NG) will repay the full amount of its outstanding PHP540-billion provisional advances to the Bangko Sentral ng Pilipinas (BSP) this week, ahead of the January 12, 2022 maturity… Read More
STP, Seaoil partner for enhanced engine protection, efficiency
December 8, 2021, 12:54 pm
MANILA – Through an expanded partnership with world-renowned fuel and oil treatment brand STP, Seaoil Philippines has announced the release of its lubricants supercharged with STP additives. With rising costs of fuel and maintenance, this partnership brings longer engine life and fewer costs for… Read More
Positive economic data boost PH shares; peso improves
December 7, 2021, 7:54 pm
MANILA – Lower inflation and unemployment rates have pushed local shares to continue gains while the peso slightly improved on Tuesday. The Philippine Stock Exchange index (PSEi) increased by 16.56 points, or 0.23 percent, to 7,147.30. However, the local bourse has yet to recover its losses… Read More
World Bank revises PH growth forecast upward
December 7, 2021, 7:40 pm
MANILA – The World Bank has upgraded its economic outlook for the Philippines this year to 5.3 percent, higher than its projection in September at 4.3 percent. The World Bank revised its growth upward after observing that the economy grew in the first three quarters of 2021 despite the… Read More
Cebu job fair offers over 3K vacancies: DOLE-7
December 7, 2021, 6:01 pm
CEBU CITY – More than 3,000 job vacancies are up for grabs in the upcoming jobs and business fairs happening Wednesday at the Cebu Trade Hall of SM City Cebu. The activity is part of the celebration of the Department of Labor and Employment’s 88th founding anniversary. DOLE-7 director lawyer… Read More
Organic food entrepreneurs cited in 'Sugbo Negosyo’
December 7, 2021, 5:58 pm
CEBU CITY – The provincial government of Cebu said on Tuesday it has awarded at least PHP1.7 million to the top three winners of its Sugbo Negosyo program that was implemented at the height of the pandemic to help struggling small entrepreneurs with their financing needs. Renan Alquizola of… Read More
Unemployment rate eases as alert level relaxes
December 7, 2021, 5:06 pm
MANILA – The country’s unemployment rate fell to 7.4 percent in October from 8.9 percent in September as restrictions eased in most areas across the country, the Philippine Statistics Authority (PSA) reported Tuesday. The unemployment rate for October is the third-lowest for this year, only… Read More
SEC wins 8th case in crackdown vs. illegal lending
December 7, 2021, 2:45 pm
MANILA – The Securities and Exchange Commission (SEC) advanced its crackdown on illegal lending with another legal victory, after a regional trial court convicted the incorporators and directors of X-CEE789 Lending and Trading, Inc. for submitting falsified documents for its registration as a… Read More
Inflation falls for 3rd straight month in November
December 7, 2021, 2:28 pm
MANILA – The rate of increase in consumer prices dropped for three consecutive months in November, the Philippine Statistics Authority (PSA) reported Tuesday. Inflation rate settled at 4.2 percent last month from 4.6 percent in October. “The downtrend in the overall inflation was primarily… Read More
DBP, Tuguegarao City sign loan pact for dev’t projects
December 7, 2021, 1:04 pm
MANILA – State-owned Development Bank of the Philippines (DBP) has granted a new PHP311.8-million term loan to the local government unit (LGU) of Tuguegarao City to bankroll public infrastructure and agriculture productivity enhancement projects in the area, a top official said. DBP president… Read More
