Business
DTI vows support to exporters post-pandemic
November 26, 2021, 2:35 pm
MANILA – The Department of Trade and Industry (DTI) has ensured exporters that government support to the industry even post-pandemic will continue the growth of the export sector. Export Marketing Bureau (EMB) director Christopher Lawrence Arnuco said the agency has provided some relief to… Read More
More RRR cuts based on liquidity dynamics: BSP
November 25, 2021, 8:21 pm
MANILA – Any reduction in banks’ reserve requirement ratio (RRR) will be based on its necessity vis-à-vis the economic recovery, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said on Thursday. In a virtual briefing, Diokno said RRR adjustments are “always on the table” but… Read More
Stocks down on profit-taking; peso finishes sideways
November 25, 2021, 7:56 pm
MANILA – The Philippine Stock Exchange index (PSEi) ended Thursday in the negative territory due to profit-taking but the peso ended the day sideways against the US dollar. The local stock barometer slipped by 0.67 percent, or 49.83 points, to 7,369.27 points. All Shares declined by 0.57… Read More
October budget gap hits P64.3-B
November 25, 2021, 7:37 pm
MANILA – Revenues registered higher growth compared to government expenditures in October 2021, resulting in a budget gap of PHP64.3 billion for the month. Data released by the Bureau of the Treasury (BTr) on Thursday showed that total revenues last month reached PHP253.1 billion, up by 10.9… Read More
Monetary policy plays key role in addressing pandemic's impact
November 25, 2021, 6:56 pm
MANILA – Monetary policy plays a crucial role in mitigating the negative impact of uncertainty and shocks caused by the coronavirus disease 2019 (Covid-19) pandemic, according to the Bangko Sentral ng Pilipinas (BSP). “Over the past year or so, the BSP decisively pursued an accommodative… Read More
Investments in PEZA hit P4-T in 26 years
November 25, 2021, 6:31 pm
MANILA – Investments in Philippine Economic Zone Authority (PEZA) have reached PHP4.02 trillion for the past 26 years, its director general Charito Plaza reported Thursday. During the PEZA Investors Recognition Day 2021, Plaza said these investments came from 4,670 locators in 415 economic… Read More
Debt-to-GDP level seen to improve as economy recovers
November 25, 2021, 6:01 pm
MANILA – An economist forecasts improvement in the government debt-to-gross domestic product (GDP) ratio in the coming months as movement restrictions are eased, which means lesser need for support programs and an increase in state revenues. In a report dated November 25, Rizal Commercial… Read More
AirAsia PH to welcome back over 400 hibernating staff
November 25, 2021, 5:36 pm
MANILA – AirAsia Philippines will gradually welcome over 400 hibernating staff back to operations beginning January, the airline's chief executive officer, Ricardo Isla announced on Thursday. In a virtual presser, Isla said 15 percent of the 432 hibernating employees will undergo retraining in… Read More
DTI chief optimistic PH economy to grow 6%-7% in 2022
November 25, 2021, 3:40 pm
MANILA – Trade Secretary Ramon Lopez is optimistic of the country’s economic recovery as long as the proper management of the coronavirus disease 2019 (Covid-19) and the reopening of businesses will continue. In a forum of The Manila Times Thursday, Lopez said it is possible for the country… Read More
US-China win-win cooperation key for world economic recovery
November 25, 2021, 2:19 pm
GENEVA – Win-win cooperation between the United States and China could spur the global economy's recovery from the coronavirus disease 2019 (Covid-19) pandemic, said U.S.-China Business Council President Craig Allen. "It's critically important that the two sides have a stable, predictable and… Read More
Duterte admin ready to aid next presidency on economic issues
November 25, 2021, 1:45 pm
MANILA – Finance Secretary Carlos Dominguez III said Thursday the Duterte administration is ready to assist the new presidency during the transition period next year in addressing four primary concerns that will affect the Philippines’ economic stability beyond 2022. These four issues… Read More
Japanese businesses urged to invest in PH economic prospects
November 24, 2021, 8:13 pm
MANILA – Finance Secretary Carlos Dominguez III has showcased before Japanese investors the Philippines’ “brightening economic prospects” supported by a strong financial position and the Duterte administration’s game-changing initiatives, urging them to take part in the country’s shift… Read More
Economic team to highlight PH rebound, investment opportunities
November 24, 2021, 8:06 pm
MANILA – President Rodrigo Duterte’s economic team led by the Department of Finance (DOF) and the Bangko Sentral ng Pilipinas (BSP) is holding a virtual Philippine Economic Briefing (PEB) this week for the Foreign Chambers of Commerce with the theme, “Reset, Regain, Revitalize: The… Read More
PH stocks, peso close higher as US taps petroleum reserve
November 24, 2021, 6:34 pm
MANILA – Investors took note of the US government’s plan to help address jumps in global oil prices and this boosted sentiments in the local bourse on Wednesday which was mirrored by the peso. The main equites gauge inched up further by 0.24 percent, or 17.94 points, to 7,419.10… Read More
Economic recovery seen to continue even Alert Level 2 remains
November 24, 2021, 5:04 pm
MANILA – Trade Secretary Ramon Lopez believes that the country’s economic recovery will continue even Alert Level 2 remains next month. In an interview with Radyo5 Wednesday, Lopez said the majority of economic activities, including live events and entertainment, are allowed to operate under… Read More
Diokno cites gov't-private sector tie-up for sustainability bid
November 24, 2021, 4:45 pm
MANILA – Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno has highlighted the importance of government and private sector coordination to achieve sustainability agenda goals. In his speech during the Stratbase ADR Institute for Strategic and International Studies (ADR) Pilipinas… Read More
PH sells $597-M at China’s largest import expo
November 24, 2021, 3:59 pm
MANILA – Sales of the Philippine booth during this year’s China International Import Expo (CIIE), China’s largest buying expo, reached USD597.34 million, the Department of Trade and Industry (DTI) reported Wednesday. These sales came from the 40 Filipino food companies that participated in… Read More
Play-to-earn firm exec cites contribution in financial inclusion
November 24, 2021, 2:47 pm
MANILA – Regulators are studying the operations of play-to-earn entities as an official of a gaming guild claimed they provide their gamers a source of income and aid in the government’s financial inclusion bid. Yield Guild Games (YGG) country manager Luis Buenaventura said the play-to-earn… Read More
Soccsksargen MSMEs post P35-M sales in trade expo
November 24, 2021, 1:53 pm
GENERAL SANTOS CITY – Micro, small and medium enterprises (MSMEs) from parts of Region 12 (Soccsksargen) earned around PHP35 million in sales during a week-long trade fair here organized by the Department of Trade and Industry (DTI). Jude Constantine Jaugan, DTI Region 12 director, said on… Read More
Balance of payments surplus hits $1.14-B in October
November 23, 2021, 8:22 pm
MANILA – The country’s overall balance of payments (BOP) position posted a surplus of USD1.14 billion in October 2021, lower than the USD3.44 billion BOP surplus recorded in the same month last year. Last month’s BOP surplus reflected inflows arising mainly from the national government's… Read More
