Business
Bringing in Sinovac one of government’s best decisions: adviser
October 15, 2021, 8:57 pm
MANILA – The government’s decision to bring in the Sinovac vaccine from China as the first Covid-19 jab to be administered to priority sectors has “saved” the country when vaccine hesitancy was at its highest and supply was scarce. Go Negosyo founder and Presidential Adviser for… Read More
PH stocks index ends week up, peso slips
October 15, 2021, 5:43 pm
MANILA – The Philippines’ main equities index finished the week up on positive earnings reports by listed firms but the peso depreciated against the US dollar. The Philippine Stock Exchange index (PSEi) gained 0.42 percent, or 30.35 points, to 7,213.46 points. All Shares followed with a jump… Read More
BSP 28-day securities' rate falls on strong demand
October 15, 2021, 3:49 pm
MANILA – Ample liquidity in the domestic economy continues to provide demand for Bangko Sentral ng Pilipinas’ (BSP) 28-day bills, resulting in the drop of its interest rate this week. Data released by the central bank showed that the average rate of the debt paper, which is among the tools… Read More
OFW remittances to continue buoying PH economy
October 15, 2021, 3:48 pm
MANILA – Domestic growth is seen to be continuously supported by inflows from overseas Filipino workers (OFWs), which remains resilient amidst the repatriation of around 700,000 workers since the pandemic hit in 2020. On Friday, the Bangko Sentral ng Pilipinas (BSP) reported the 5.1 percent… Read More
IATF asked to include US, Canada in no-quarantine list
October 15, 2021, 3:07 pm
MANILA – Presidential Adviser for Entrepreneurship Joey Concepcion has welcomed the lifting of mandatory quarantine from “green” countries but is hoping that the Inter-Agency Task Force for the Management of Emerging Diseases (IATF-EID) will also grant lesser restrictions for travelers from… Read More
NegOcc entreps join 6-month DTI trade fair
October 15, 2021, 2:33 pm
BACOLOD CITY – One-Town, One-Product (OTOP) producers in Negros Occidental are showcasing their produce in a six-month trade fair organized by the Department of Trade and Industry (DTI) in a bid to recover from the economic slump resulting from the coronavirus disease 2019 (Covid-19) pandemic.… Read More
OFBank eyes hiked share in gov't financial inclusion bid
October 15, 2021, 12:38 pm
MANILA – Strengthened programs supporting the government’s financial inclusion and digital financial transactions bids are seen to further boost the number of account holders of the government’s official digital bank, Overseas Filipino Bank (OFBank). OFBank president and chief executive… Read More
Satellite tech to accelerate financial inclusion, digital finance
October 14, 2021, 8:03 pm
MANILA – The Bangko Sentral ng Pilipinas (BSP) sees the issuance of the implementing rules and regulations (IRR) on expanding the provision of internet service through satellite services as further promoting financial inclusion and digital finance in the country. Issued under Department… Read More
BSP eyes more cash agent operations in villages
October 14, 2021, 7:10 pm
MANILA – Ensuring that cash agents are dispersed even in villages in far-flung areas across the country is expected to boost the government’s bid for financial inclusion and increase in electronic financial transactions. In a virtual briefing on Thursday, Bangko Sentral ng Pilipinas (BSP)… Read More
Diokno rules out another bridge financing for gov’t
October 14, 2021, 6:25 pm
MANILA – Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said Thursday the national government does not need another bridge financing, citing its capacity in handling pandemic-related financing requirements and an untapped provision under Bayanihan 2. In a virtual briefing, Diokno… Read More
Stocks recover on risk-on sentiments; peso nearly flat
October 14, 2021, 5:28 pm
MANILA – Risk-on sentiments reigned in the local bourse on Thursday following the easing of National Capital Region’s (NCR) pandemic alert to Level 3 starting October 16, while the peso ended sideways against the greenback. After hitting a downward path in the past days, the Philippine… Read More
PEZA tells investors not to worry about PH politics
October 14, 2021, 5:06 pm
MANILA – Philippine Economic Zone Authority (PEZA) Director-General Charito Plaza has assured investors that their investments in the country remain safe despite the change in administration next year following the national elections. In its meeting with Malaysian investors Thursday, Plaza said… Read More
Alert Level 3 in NCR to bring back 300K jobs: DTI
October 14, 2021, 3:08 pm
MANILA – As Metro Manila transitions from Alert Level 4 to Alert Level 3, Department of Trade and Industry (DTI) Secretary Ramon Lopez said more jobs are expected to return in the labor market. “With most of the remaining economic sectors, particularly the service sectors to be reopened in… Read More
PPSA law to expand MSMEs, farmers access to credit
October 14, 2021, 3:02 pm
MANILA – The Department of Finance (DOF) has set in motion the Personal Property Security Act (PPSA) with its recent issuance of the rates for the fees on the use of the electronic registry mandated to be established under the law. Republic Act (RA) No. 11057 or the PPSA aims to promote… Read More
Vax program to help address pandemic-related unemployment
October 13, 2021, 8:18 pm
MANILA – Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said on Wednesday the rise in the number of individuals vaccinated against coronavirus disease 2019 (Covid-19) will address the pandemic-related unemployment in the country. “I think it's very important but to me, the key… Read More
PH stocks slip on external factors; peso up vs. US dollar
October 13, 2021, 6:53 pm
MANILA – A wait-and-see stance on the release of the United States’ September 2021 consumer price index (CPI) and earnings report of major US-listed firms dragged the local main equities index on Wednesday but the peso gained against the greenback. The Philippine Stock Exchange index (PSEi)… Read More
Strengthened Covid-19 vax program ensures economic recovery
October 13, 2021, 6:49 pm
MANILA – The government’s strengthened vaccination drive against coronavirus disease 2019 (Covid-19) ensures economic recovery and granular lockdowns can mitigate the impact of the pandemic, according to economists. In a reply to questions from Philippine News Agency, Rizal Commercial… Read More
Fintech launches credit-based digital remittance product
October 13, 2021, 6:45 pm
MANILA – A United States-based financial technology (fintech) is taking advantage of the strong remittance market in the Philippines as it launched a cashless digital remittance service from the US to the Philippines. In a virtual press briefing Wednesday, Pomelo founder and chief executive… Read More
MSMEs urged to continue innovating to be more competitive
October 13, 2021, 6:20 pm
ILOILO CITY – Micro, small and medium entrepreneurs (MSMEs) participating in the weeklong trade fair organized by the Department of Trade and Industry (DTI) here are encouraged to continue developing their products to remain competitive. The MSME Week Trade Fair that will run until October 17… Read More
Mindanao becoming catalyst for growth for PH: exec
October 13, 2021, 4:01 pm
MANILA – An executive of the biggest mall chain in Davao has urged businesses to establish their presence in Mindanao to tap the huge opportunities in the southern part of the country. In a webinar on Davao Investment Conference (ICon) 2021 Wednesday, NCC Group of Companies president and chief… Read More
