Business
Cebu techno-business hub project gets PRA nod to proceed
October 6, 2021, 4:49 pm
CEBU CITY – Cebu Landmasters Inc. (CLI) announced on Wednesday the Philippine Reclamation Authority (PRA) has issued a final notice to proceed (NTP) for a 100-hectare reclamation project being proposed by the municipal government of Minglanilla, southern Cebu in partnership with Ming-Mori… Read More
Gov’t seeks shorter quarantine period for travelers
October 6, 2021, 4:09 pm
MANILA – Department of Trade and Industry (DTI) Secretary Ramon Lopez said the agency is eyeing to further ease restrictions for travelers to help in the recovery of the aviation industry. “I think right now, under our study, is to lessen the number of quarantine days for a person that will… Read More
After delays, Lufthansa pushes thru with $40-M investments in PH
October 6, 2021, 2:47 pm
MANILA – After delays due to the pandemic, Lufthansa Technik Philippines (LTP) is pushing through with its USD40-million investments for its new hangar in the country. In a virtual press briefing Wednesday, LTP president and chief executive officer Elmar Lutter said the company is now… Read More
Covid-19 vaccine booster shots funding still under negotiation
October 6, 2021, 2:40 pm
MANILA – Specifics of PHP45.3 billion (USD900 million) worth of loans the government plans to request from multilateral lenders to finance coronavirus disease 2019 (Covid-19) booster shots for 2022 are still being determined. “Still under negotiation,” Department of Finance (DOF)… Read More
SEC urges public to become smart investors
October 6, 2021, 1:01 pm
MANILA – The Securities and Exchange Commission (SEC) is calling on the public to secure their financial future by becoming smart investors, as it joins the celebration of World Investor Week from October 4 to 10. The World Investor Week is a global campaign by the International Organization of… Read More
Stocks rise on lower inflation; peso ends sideways
October 5, 2021, 6:23 pm
MANILA – Lower-than-expected domestic inflation last September partly lifted the Philippine Stock Exchange index (PSE) while the peso kept its footing against the US dollar. The main equities index rose by 0.29 percent, or 20.35 points, to 6,981.24 points. All Shares inched up by 0.23… Read More
DTI making R&D more inclusive
October 5, 2021, 5:43 pm
MANILA – The Department of Trade and Industry (DTI) is boosting research and development (R&D) by making it more accessible across the country. In his message during the Asean Summit on Spin-Off Technologies Tuesday, DTI Secretary Ramon Lopez said the agency is organizing Regional Inclusive… Read More
7-year T-bond rate up on demand for high yields
October 5, 2021, 5:07 pm
MANILA – The Bureau of the Treasury (BTr) partially awarded the seven-year Treasury bond (T-bond) during an auction on Tuesday after investors asked for high yields. The average rate of the paper rose to 4.207 percent from 3.826 percent previously. The BTr offered the debt paper for PHP35… Read More
DOE to oil firms: Secure supply amid tight global output
October 5, 2021, 4:14 pm
MANILA – Department of Energy (DOE) Secretary Alfonso Cusi has reminded oil companies to ensure local supply of the commodity amid the tight global supply in the coming months. Cusi said oil firms should comply with the Minimum Inventory Requirement (MIR) under Executive Order (EO) No.134… Read More
Slower inflation gives BSP space to keep accommodative policy
October 5, 2021, 4:09 pm
MANILA – Slowdown of domestic inflation rate last month gave the Bangko Sentral ng Pilipinas (BSP) extra respite vis-à-vis its accommodative policy stance, an economist said. Inflation rate decelerated to 4.8 percent last month from the 4.9 percent in the previous month, which is the highest… Read More
Calibrated gov’t interventions needed to bring down food prices
October 5, 2021, 1:47 pm
MANILA – The inflation rate slightly decelerated in September 2021, aided by the government’s policies to ease food prices, the National Economic and Development Authority said Tuesday. Based on the report of the Philippine Statistics Authority (PSA), the headline inflation rate slowed… Read More
Non-monetary measures to address supply-side inflation risks
October 5, 2021, 1:06 pm
MANILA – The Bangko Sentral ng Pilipinas (BSP) has reiterated the need for efficient implementation of non-monetary policy measures to address supply-side inflation risks following the slowdown of the domestic rate of price increases last month. The Philippine Statistics Authority (PSA) on… Read More
Gov't spending to contribute more in economic recovery
October 4, 2021, 7:46 pm
MANILA – Government spending, which expanded by 0.7 percent year-on-year last July, is expected to post faster growth in the coming months and boost economic recovery. Citing Bureau of the Treasury (BTr) data, the September 2021 issue of Market Call attributed the minute growth in government… Read More
PH shares up amid China Evergrande issue; peso ends sideways
October 4, 2021, 7:28 pm
MANILA – The local stock barometer started the week higher as overseas investors continued to worry about China’s real estate developer Evergrande issue, but the peso ended the day sideways against the greenback. “Philippine shares were traded higher as investors sought refuge from regions… Read More
Biz groups support policies restricting mobility of unvaxxed
October 4, 2021, 6:39 pm
MANILA – While respecting the decision of individuals who do not want to get vaccinated, several business groups believe that the government and the private sector have the authority to have stricter policy for unvaccinated individuals. Thirteen business groups said this measure will protect… Read More
T-bill rates end mixed, demand still strong
October 4, 2021, 4:36 pm
MANILA – The rate of the 91-day Treasury bill (T-bill) rose on Monday but those of the 182- and 364-day papers moved sideways, although demand was still strong across the board. The average rate of the 91-day paper increased to 1.085 percent, the 182-day to 1.391 percent, and the 364-day to… Read More
Big-time oil price hike set this week
October 4, 2021, 3:13 pm
MANILA – Oil companies will implement a big-time price increase on Tuesday. In separate advisories, Caltex, Cleanfuel, Petro Gazz, PTT Philippines, Seaoil, and Shell will raise gasoline prices by PHP1.45 per liter and diesel products by PHP2.05 per liter. Caltex, Seaoil, and Shell will also… Read More
PH’s largest solar park to rise in Nueva Ecija
October 4, 2021, 3:10 pm
MANILA – The Philippines is expected to ramp up its renewable energy sources in the coming years as the largest solar park in the country will rise in Nueva Ecija. In a statement Monday, Solar Philippines said it is setting up the Solar Energy Zones, Inc. (SEZ) to host solar power projects in… Read More
Global markets await US job reports after tumultuous week
October 4, 2021, 2:24 pm
ANKARA – After a tumultuous week and massive losses in September, the global markets await the US job reports next week as they may shape the US Federal Reserve's monetary policies in the coming months. Increasing inflation pressures on world economies, rising energy prices, uncertainties in… Read More
Big-ticket infra projects propel Cebu’s real estate potential
October 4, 2021, 1:30 pm
CEBU CITY – With billions worth of infrastructure developments in Cebu, the outlook for real estate investment here remains promising and is expected to boost employment opening in the construction labor pool, an industry leader said. Ramero Espina, vice president for sales and marketing of… Read More
