Business
DTI, DHL tie up to support MSMEs’ overseas e-commerce ops
October 13, 2021, 3:07 pm
CEBU CITY – Logistics firm DHL Express has strengthened its partnership with the Department of Trade and Industry (DTI) through their phygital program to provide overseas market opportunities to all clients of DTI’s Negosyo Centers. To support market growth and increased international trade… Read More
IMF revises down global growth projection to 5.9% for 2021
October 12, 2021, 9:51 pm
ANKARA – The International Monetary Fund (IMF) revised its global economic growth projection to 5.9 percent for 2021, down by 0.1 percentage point, according to a report issued on Tuesday. Forecast for 2022 was kept stable at 4.9 percent compared to the previous update released in July, the IMF… Read More
Advantages of using QR PH for e-payments cited
October 12, 2021, 7:53 pm
MANILA – Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno is optimistic that the central bank’s bid to further increase electronic payment transactions in the country despite the internet connectivity issue can be boosted by a payment system using the quick response (QR)… Read More
Better products drive growth amid pandemic: DTI
October 12, 2021, 7:40 pm
ILOILO CITY – The Department of Trade and Industry (DTI) in Western Visayas will gather the best products from various municipalities and cities in the region for its Micro, Small and Medium Enterprises (MSME) Week Trade Fair from Oct. 13 to 17 at the Outdoor Atrium of Festive Mall in Mandurriao… Read More
Stocks index down on inflation worries; peso firm vs. USD
October 12, 2021, 7:05 pm
MANILA – The main equities index slid on Tuesday as another uptick in global oil prices increased concerns on the acceleration in US inflation rate but the peso managed to keep its footing against the greenback. The Philippine Stock Exchange index (PSEi) declined by 0.23 percent, or 16.19… Read More
DTI to offer loan to small biz for 13th month pay of workers
October 12, 2021, 6:28 pm
MANILA – Small Business (SB) Corp, the financing arm of the Department of Trade and Industry (DTI), is readying a loan program to help micro and small businesses provide employees with their 13th month pay. “Similar to what we did last year, we see no reason to defer the 13th month pay for… Read More
Home needs retailer close to 100% vax goal for employees
October 12, 2021, 6:23 pm
MANILA – A one-stop-shop for home improvement needs has announced it is close to reaching its goal of 100 percent vaccination for its entire workforce across its 55 stores nationwide. “AllHome’s vaccination initiative is in full support of the government’s goal to achieve herd immunity… Read More
Gov’t boosts digital payments adoption in PH
October 12, 2021, 6:19 pm
MANILA – The government continues to strengthen its partnership with banks and related institutions to further improve the level of digital payments in the country. In his speech during the Chamber of Thrift Banks (CTB) virtual convention on Tuesday, Bangko Sentral ng Pilipinas (BSP) Governor… Read More
Private sector vows to help vaccinate minors vs. Covid-19
October 12, 2021, 5:26 pm
MANILA – The private sector is waiting for the outcome of pilot vaccination of minors as well as the go signal from the government for businesses to conduct their own inoculation program for the young population. Presidential Adviser for Entrepreneurship Joey Concepcion said Tuesday the private… Read More
5-year T-bond rate up on inflation concerns
October 12, 2021, 4:56 pm
MANILA – The elevated domestic inflation rate continues to result in a similar path for the debt papers’ yield, with the five-year Treasury bond’s (T-bond) rate rising to 3.576 percent on Tuesday. The average rate of the same tenor stood at 2.746 percent during an auction last September… Read More
Biz sector hopes for Alert Level 1 in NCR before Christmas
October 12, 2021, 4:09 pm
MANILA – Presidential Adviser for Entrepreneurship Joey Concepcion said businesses are hoping that the government will place Metro Manila under Alert Level 1 this November or December to help enterprises to recover from losses due to the pandemic. During the Laging Handa public briefing… Read More
SEC approves Medilines, Sta. Lucia Land offerings
October 12, 2021, 4:05 pm
MANILA – The Securities and Exchange Commission (SEC) has considered favorably the maiden share offering by Medilines Distributors Incorporated and a follow-on offering by Sta. Lucia Land, Inc. In its meeting on October 12, the commission en banc resolved to render effective the registration… Read More
Infra spending, reopening of economy to further boost FDIs
October 11, 2021, 7:19 pm
MANILA – An economist forecasts further growth of net foreign direct investments (FDIs) into the Philippines in the coming months partly due to increased state spending on infrastructure. The Bangko Sentral ng Pilipinas (BSP) on Monday reported that net FDIs rose by 52 percent year-on-year to… Read More
PSEi starts week up; peso weakens vs. greenback
October 11, 2021, 7:13 pm
MANILA – The local stock barometer started the week up ahead of the earnings reporting season but the peso weakened again the US dollar anew. The Philippine Stock Exchange index (PSEi) rose by 3.14 percent, or 217.15 points, to 7,124.01 points. All other counters finished with gains, with… Read More
T-bill rates end mixed on Fed normalization, inflation factor
October 11, 2021, 6:26 pm
MANILA – The looming cuts in the Federal Reserve’s asset purchases and hikes in interest rates partly resulted in the mixed movements of Treasury bills (T-bills) rates on Monday. The average rate of the 91-day Treasury bill (T-bill) rose to 1.095 percent but it was flat for the 182-day at… Read More
Exec sees car industry hitting 295K sales target this year
October 11, 2021, 5:29 pm
MANILA – The Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) remains hopeful to hit the industry’s sales target this year after recording an encouraging month-on-month growth in September. A joint report of CAMPI and Truck Manufacturers Association (TMA) on Monday showed… Read More
No signs of easing as oil prices set to go up again this week
October 11, 2021, 3:34 pm
MANILA – Oil prices will increase for the seventh consecutive week on Tuesday. In separate advisories, Caltex, Cleanfuel, Petro Gazz, Seaoil, and Shell said there will be big-time price hikes for gasoline products by PHP1.30 per liter and diesel by PHP1.50 per liter. Caltex, Seaoil, and Shell… Read More
Rediscounting loans availment down in end-September
October 11, 2021, 1:48 pm
MANILA – Banks took out lower peso-denominated rediscounting loans in the first nine months this year amounting to PHP6.12 million compared to the same period in 2020, the Bangko Sentral ng Pilipinas (BSP) reported. Data released by the central bank on Monday showed that end-September 2021… Read More
Private sector off on September 2021 inflation projections
October 11, 2021, 1:44 pm
MANILA – Most private sector institutions have overshot their September 2021 inflation forecasts, with their median projection at 5 percent, or higher than the actual headline inflation rate of 4.8 percent for the period. Based on a newspaper poll, the Department of Finance (DOF) said only… Read More
Small businesses, powerhouses of APEC's economy: Ministers
October 10, 2021, 11:24 am
JAKARTA – Ministers responsible for small and medium enterprises in Asia-Pacific Economic Cooperation (APEC) have vowed to continue to address the needs of small businesses in Asia-Pacific through relief programs since they are the economic powerhouses. The affirmation was made as the region… Read More
