Business
World market for halal products reaches $7T
November 19, 2021, 6:16 pm
ISTANBUL – The worldwide market for halal products has reached $7 trillion, the head of the World Halal Union said on Thursday. As world trade develops and the number of manufacturers entering the market increases, demand for certificates informing Muslim consumers that the products they buy… Read More
Stocks, peso down on BSP rate decision, US economic news
November 19, 2021, 6:06 pm
MANILA – Combination of latest Bangko Sentral ng Pilipinas (BSP) rate decision and economic news from the US resulted in the negative close of both the main stocks gauge and the peso on Friday. The main gauge shed 0.26 percent, or 18.77 points, to 7,280.57 points. All Shares declined by… Read More
Insurance firm boosts OFWs' financial literacy
November 19, 2021, 5:53 pm
MANILA – Equipping overseas Filipino workers (OFWs) with financial literacy and know-how on protection products will be beneficial not only when they work outside of the country but also when they have decided to settle down here. In a virtual briefing on Friday, Pru Life UK president and… Read More
SEC OKs Haus Talk IPO; EEI shares offering
November 19, 2021, 3:31 pm
MANILA – The Securities and Exchange Commission (SEC) has considered favorably the initial public offering (IPO) by Haus Talk Inc. and the preferred share offering by EEI Corporation. In its meeting on November 18, the commission en banc resolved to render effective the registration statements… Read More
BSP keeps key rates anew
November 18, 2021, 7:34 pm
MANILA – Monetary authorities kept the Bangko Sentral ng Pilipinas’ (BSP) key policy rates steady on Thursday after noting the need for sustained policy support for the economy as it continues its recovery. To date, the BSP’s overnight reverse repurchase (RRP) rate remains at a record-low… Read More
PH stocks slip on US inflation concerns; peso strengthens
November 18, 2021, 7:16 pm
MANILA – The Philippine Stock Exchange index (PSEi) finished Thursday in the negative territory on inflation concerns in the US but the peso strengthened against the US dollar. The main stocks index declined by 0.69 percent, or 50.48 points, to 7,299.34 points. All Shares followed with a… Read More
Presidential bets bare economic platforms
November 18, 2021, 6:50 pm
MANILA – Five presidential aspirants bared on Thursday to the business community about their economic platforms when elected in the top national position. During the 47th Philippine Business Conference and Expo of the Philippine Chamber of Commerce and Industry, the country’s largest business… Read More
Gold sets record high at $2,746 per tael
November 18, 2021, 3:46 pm
HÀ NỘI – Gold has been reported to reach a record high on Wednesday, selling at VNĐ62.15 million per tael (0.0377kg) or USD2,746. The price hike seemed to apply to the domestic market as global prices only experienced a slight increase. In the afternoon, the price went down to VNĐ61.85… Read More
Whole-of-gov't approach vs. pandemic boosts economic recovery
November 18, 2021, 3:01 pm
MANILA – The whole-of-government approach to address the impact of the coronavirus-induced pandemic has resulted positively as shown by the continued recovery of the Philippine economy, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said. During the Visayas-leg of the BSP lecture… Read More
Bank forms special dashboard for MSMEs' ops
November 17, 2021, 8:17 pm
MANILA – Micro, small and medium enterprises (MSMEs) are set to benefit from a special dashboard being created by a local bank within its mobile app that will allow business owners to monitor their sales and cashflows. In a virtual briefing on Wednesday, Union Bank of the Philippines… Read More
PH remains key market for smart grid technology
November 17, 2021, 7:33 pm
MANILA – With the push for grid modernization, the Philippines remains an important market for smart grid technology, G&W Electric Company regional sales manager for Asia Pacific North Enriko Camacho said. “We have been doing business with the different (distribution) utilities here and I can… Read More
Stocks slip on risk-off sentiments; peso almost unchanged
November 17, 2021, 7:29 pm
MANILA – Risk-off sentiments resulted in the negative finish of the main equities index on Wednesday but the peso managed to end the day sideways against the US dollar. The Philippine Stock Exchange index (PSEi) shed 0.24 percent, or 17.6 points, to 7,349.82 points. All Shares managed to… Read More
Biz told to uphold minimum health protocol to avoid another surge
November 17, 2021, 6:42 pm
MANILA – Presidential Adviser for Entrepreneurship Joey Concepcion has reminded business establishments to uphold minimum public health standards to further control the spread of coronavirus disease 2019 (Covid-19) despite the easing of alert level systems in some parts of the country, including… Read More
AirAsia PH to ramp up domestic flights in December
November 17, 2021, 6:08 pm
MANILA – With more local destinations easing travel restrictions, AirAsia Philippines will be ramping up its domestic flight frequencies starting December. "AirAsia is highly optimistic on the pent-up demand for air travel, especially during the peak months of December to January. Our… Read More
US Fed could speed up pace of tapering as inflation surges
November 17, 2021, 5:30 pm
WASHINGTON – The United States (US) Federal Reserve could speed up the pace of tapering asset purchases as U.S. inflation surged to a 30-year high, a senior Fed official said on Tuesday. "I think it behooves the committee to go in a more hawkish direction in the next couple of meetings so that… Read More
BAP, KBP sign pact for drive vs. cybercrimes
November 17, 2021, 3:20 pm
MANILA – Cybercrimes increased to more than PHP1 billion this year as more people turn to digital financial transactions since the pandemic started to adhere to movement restrictions targeted to help address coronavirus disease 2019 (Covid-19) infections. In a virtual briefing on Wednesday,… Read More
PCC co-chairs advisory group of int’l antitrust network
November 17, 2021, 3:04 pm
MANILA – The Philippine Competition Commission (PCC) was chosen by the International Competition Network (ICN) to lead the ICN Advisory Working Group, along with the Hong Kong Competition Commission and Colombia’s Superintendency of Industry and Commerce. ICN is a premier organization of… Read More
SEC clears IPOs of Citicore, Figaro; shares offer of Arthaland
November 17, 2021, 1:58 pm
MANILA – The Securities and Exchange Commission (SEC) has considered favorably the initial public offerings (IPO) by Citicore Energy REIT Corp. (CREIT) and Figaro Coffee Group, Inc., as well as the preferred share offer by Arthaland Corporation. In its meeting on November 16, the commission en… Read More
Inflation has become world's problem with record highs
November 16, 2021, 6:34 pm
BERLIN – While Covid-19 pandemic-induced supply chain bottlenecks continue to fuel price rises, the fight against inflation has become the most important item on the agenda of the global economy. As consumer and producer prices continue to spike across the world, the debate around “the new age… Read More
SBMA posts P997-M seaport income
November 16, 2021, 6:12 pm
SUBIC BAY FREEPORT – The Subic Bay Metropolitan Authority (SBMA) has recorded more than PHP997 million in seaport income in the first nine months of this year as containerized cargo trade in this free port continued to grow with the gradual reopening of the global economy. SBMA chairperson and… Read More
