Business
DTI financing arm expands loan program for MSMEs
December 6, 2021, 9:18 pm
CEBU CITY – Small Business Corporation (SBCorp), the financing arm of the Department of Trade and Industy (DTI), has expanded its Sustaining Trade and Access to Primary Food and Link to Enterprises (STAPLES) program. Under STAPLES, micro, small and medium enterprises (MSMEs) of fast moving… Read More
Office demand higher than expected on strong fundamentals: study
December 6, 2021, 8:02 pm
MANILA – Philippine office demand surged in the last quarter of the year registering year-to-date at 539,000 square meters (sqm), or already 38 percent higher than the 2020 figure of 389,000 sqm, supported by strong fundamentals, according to the latest study by Leechiu Property Consultants… Read More
PSEi rises, peso ends sideways ahead of inflation data
December 6, 2021, 7:56 pm
MANILA – The Philippine Stock Exchange index (PSEi) ended in the positive territory while the peso slightly shed against the US dollar on Monday’s trading. The local stock market gained 75.55 points, or 1.07 percent, to 7,130.74. All shares also increased by 26.64 points, or 0.58 percent, to… Read More
DTI urged to finish list of investment perks for industries
December 6, 2021, 7:53 pm
MANILA – The chairperson of the House Ways and Means Committee on Monday urged the Department of Trade and Industry (DTI) to complete the Strategic Investment Priorities Plan (SIPP) mandated under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act before March 2022, the first… Read More
MSMEs use Burnham Park for holiday sales
December 6, 2021, 4:08 pm
BAGUIO CITY – The city government has allowed the use of the Igorot Park within the Burnham Park reservation to be used by local micro, small and medium enterprises (MSMEs) as a selling area for their products for the holiday season. Among the items on display for sale until December 24 are… Read More
More than P2 rollback on fuel products set this week
December 6, 2021, 2:07 pm
MANILA – A big-time oil price rollback is set this week as global oil prices fell for six consecutive weeks. In separate advisories, Caltex, Cleanfuel, Petro Gazz, PTT Philippines, Seaoil, and Shell said they will cut gasoline prices by PHP2.40 per liter and diesel by PHP2.65 per… Read More
Global trade forecast for 2022 very uncertain: UNCTAD
December 5, 2021, 2:53 pm
MANILA – Global trade growth remains strong this year amid the pandemic but outlook for 2022 is still “very uncertain” due to a slowing economic recovery and disruptions of logistic networks and increases in shipping costs. A report of the United Nations Conference on Trade and Development… Read More
WTO launches trade information platform for MSMEs
December 4, 2021, 4:23 pm
MANILA – The World Trade Organization (WTO) launched on Thursday the Trade4MSMEs website, a tool aimed at helping micro, small and medium enterprises (MSMEs) find trade-related information and improve their abilities to trade internationally. The Trade4MSMEs platform (https://trade4msmes.org/)… Read More
Yarn spinning facility to be set-up in Northern Luzon
December 4, 2021, 1:41 pm
MANILA – Following the success of its yarn production and innovation center in Iloilo, the government is preparing to set up a new one in Northern Luzon in line with its goal to establish four more such centers across the country in the next four years. Department of Science and Technology… Read More
Ilocos Norte businesses come alive as more consumers buy local
December 3, 2021, 8:10 pm
LAOAG CITY – Home-grown enterprises in the province of Ilocos Norte get a fair share of promoting their own products at the “Partuat ni Kailokuan” Trade Fair held at the Robinsons Mall in San Nicolas town, Ilocos Norte on Dec. 3-9. Presenting the last batch of her remaining harvest of… Read More
PSEi gains tracking regional market, peso slightly gains
December 3, 2021, 7:16 pm
MANILA – The Philippine Stock Exchange index (PSEi) closed the week in the green while the peso slightly gained on Friday. The PSEi continued to recover its losses after a volatile trading since news of the Omicron variant emerged in late November. The local stock market increased by 22.65… Read More
GSIs' liabilities balloon to P9.9-T with new reporting method
December 3, 2021, 6:05 pm
MANILA – Social benefit liabilities of government social institutions (GSIs) like the Social Security System (SSS), the Government Service Insurance System (GSIS), and the Philippine Health Insurance Corporation (PhilHealth) have ballooned to PHP9.935 trillion in 2020 from PHP153.59 billion in… Read More
Lockdown threats in NCR 'much lower' amid Omicron: OCTA
December 3, 2021, 4:21 pm
MANILA – Business activities have picked up since the government placed the National Capital Region (NCR) under Alert Level 2 as both public and private sectors want to give Filipinos a better Christmas season this year. However, the Omicron variant of coronavirus disease 2019 (Covid-19) that… Read More
Alert Level 2 ‘prudent’ as Omicron lurks: Palace adviser
December 3, 2021, 3:44 pm
MANILA – Businesses are making the most out of the country’s Alert Level 2 status amid uncertainties over the new coronavirus variant Omicron. Presidential Adviser for Entrepreneurship Joey Concepcion said retaining the current alert level “will be most prudent” for now. “Alert Level 2… Read More
Market exaggerates reaction to Omicron: BSP chief
December 2, 2021, 7:30 pm
MANILA – Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said the market might have exaggerated its reaction towards the impact of Omicron after the new coronavirus disease 2019 (Covid-19) variant was confirmed in the latter part of November. This amid consecutive shedding of the… Read More
Shares rebound on bargain hunting; peso ends sideways
December 2, 2021, 7:17 pm
MANILA – Local shares bounced back on Thursday as bargain hunters looked for markets with no presence yet of the Omicron variant of the coronavirus disease 2019 (Covid-19), while the peso ended the day’s trading almost unchanged. After dipping below the 7,000-level on Wednesday, the… Read More
DTI chief urges biz to tap ‘halal’ market
December 2, 2021, 6:28 pm
MANILA – Department of Trade and Industry (DTI) Secretary Ramon Lopez has encouraged businesses, especially micro, small and medium enterprises (MSMEs), to explore the “halal” market. During the 4th Philippine National Halal Conference on Thursday, Lopez said the halal industry could boost… Read More
1st batch of polymer peso banknotes to arrive April ‘22
December 2, 2021, 4:06 pm
MANILA – The first batch of Philippine peso banknotes will arrive in the country by April next year, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said in a briefing Thursday. Diokno said the BSP and the Reserve Bank of Australia and its subsidiary Note Printing Australia have… Read More
SEC speeds up digitalization to improve ease of doing business
December 2, 2021, 1:27 pm
MANILA – The Securities and Exchange Commission (SEC) has accelerated the implementation of its digitalization reforms under the Duterte administration to further improve the ease of doing business in the country and spur the growth of domestic enterprises through initiatives that allow… Read More
Stock market declines below 7,000-level; peso almost unchanged
December 1, 2021, 7:32 pm
MANILA – The Philippine Stock Exchange index (PSEi) continued to suffer amid fears among investors from possible impacts of the Omicron variant as it plunged from the 7,000-level at the start of the month. The PSEi shed 253.82 points, or 3.53 percent, to end Wednesday trading at 6,947.06. All… Read More
