Business
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
DTI mentorship program hones skills of C. Visayas entrepreneurs
October 3, 2021, 7:25 pm
CEBU CITY – By the end of the Kapatid Mentor ME (KMME) – Money Market Encounter Online of the Department of Trade and Industry (DTI-7) and the Cebu Chamber of Commerce and Industry, 48 young entrepreneurs in Central Visayas expect to garner more insights and tips on how to improve their… Read More
PCIC asked to present financial status, contingent liabilities
October 3, 2021, 4:40 pm
MANILA – Finance Secretary Carlos Dominguez III has asked the management of the Philippine Crop Insurance Corp. (PCIC) to present before its newly reorganized board of directors this October 7 the state firm’s financial status and computation of its contingent liabilities. In a statement… Read More
PH stocks index slips; peso closes better vs. US dollar
October 1, 2021, 7:30 pm
MANILA – The Philippines’ main equities index ended the week in the red following the higher-than-expected jobless claims in the United States, but the peso strengthened against the US dollar. After a two-day rally, the Philippine Stock Exchange index (PSEi) shed 0.42 percent, or 29.28 points,… Read More
Chua highlights value of digitalization, knowledge management
October 1, 2021, 6:45 pm
MANILA – As the coronavirus pandemic has increased the need to improve on knowledge management and digitalization of processes, Socioeconomic Planning Secretary Karl Kendrick Chua said now is the right time to push for this to help future policymakers. In his remarks during the last day of the… Read More
DTI allocates P18-M for livelihood seeding program in W. Visayas
October 1, 2021, 4:21 pm
ILOILO CITY – The Department of Trade and Industry (DTI) is looking forward to fast-tracking the provision of assistance to residents of Western Visayas through its Livelihood Seeding Program-Negosyo Serbisyo sa Barangay (LSP-NSB) funded with PHP18.049 million this year. “LSP-NSB is a response… Read More
Co-ops act as ‘financial front-liners’ during pandemic: DTI
October 1, 2021, 3:47 pm
MANILA – Department of Trade and Industry (DTI) Secretary Ramon Lopez has lauded the role of cooperatives as “financial front-liners” during the pandemic for being able to reach and assist small businesses with limited access to financial institutions and government agencies. “You are our… Read More
PH factories rebound in September
October 1, 2021, 2:25 pm
MANILA – The London-based information and analytics firm IHS Markit reported Friday that Philippine manufacturers were able to rebound in September as the government eased community quarantine restrictions. The country’s manufacturing purchasing managers’ index (PMI) in September reached… Read More
BSP cites importance of 'leading the way' on sustainable finance
October 1, 2021, 2:05 pm
MANILA – Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno cited the need for the central bank to lead the way in investing in sustainable finance to encourage more institutions to follow this path. During the virtual event of the International Monetary Fund (IMF) titled “Embedding… Read More
FDI recovery shows positive long-term prospects: DOF
September 30, 2021, 9:29 pm
MANILA – The Philippines’ long-term prospects remain positive, a Department of Finance (DOF) economic bulletin said after noting the recovery of foreign direct investments (FDIs) in the first half of the year. Citing Bangko Sentral ng Pilipinas (BSP) data, the economic bulletin said the FDIs… Read More
PH stocks index up; peso weakens vs. US dollar
September 30, 2021, 6:43 pm
MANILA – The Philippine Stock Exchange index (PSEi) ended Thursday up partly on positive United States housing data but the peso depreciated against the greenback. The main stocks index rose by 0.27 percent, or 18.77 points, to 6,952.88 points. All Shares also gained during the day after it… Read More
PH in sound position to weather external shocks
September 30, 2021, 6:41 pm
MANILA – The Philippines continues to have sound macroeconomic fundamentals and enough policy buffers to counter potential capital flow volatility from the looming interest rate normalization in major economies. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno, in a virtual briefing on… Read More
Unemployment rate shows rough path to economic recovery: DTI
September 30, 2021, 5:30 pm
MANILA – The latest unemployment data shows that the country’s path to economic recovery remains rough amid the ongoing coronavirus disease 2019 (Covid-19) pandemic, the country's top trade official said on Thursday. The Philippine Statistics Authority (PSA) reported Thursday that the… Read More
BSP eyes September inflation at 4.8% to 5.6%
September 30, 2021, 4:10 pm
MANILA – Higher prices of oil products, basic and prime commodities, select fruits and vegetables, rice, as well as power rates in areas being serviced by the Manila Electric Company (Meralco) are seen to accelerate the inflation rate in September to a range of 4.8 percent to 5.6 percent. In a… Read More
Economic managers echo measures for PH recovery
September 30, 2021, 12:39 pm
MANILA – Economic managers further highlighted the need for the safe reopening of the economy, limiting movement restrictions to granular lockdowns, and fast-tracking of the inoculation program to allow more people to work and boost economic recovery. This, after the Philippine Statistics… Read More
DTI bats for opening of biz in all alert levels
September 30, 2021, 12:13 pm
MANILA – The Department of Trade and Industry (DTI) is proposing to allow all businesses to remain open at all alert levels but varying operating capacities. “The idea is business activities, economic activities should continue at all alert levels and you just change the operating capacity. So… Read More
TDF rates up on undersubscription in 7-day facility
September 29, 2021, 6:46 pm
MANILA – The seven-day term deposit facility (TDF) of the Bangko Sentral ng Pilipinas (BSP) registered undersubscription during the auction this week, but rates of both the one and two-week tenors rose. Data released by the central bank showed that the offer volume for the seven-day TDF was… Read More
Growing interest in insurance products to boost sector
September 29, 2021, 6:43 pm
MANILA – An insurance executive has expressed optimism that the increasing people’s interest in getting protection products, especially during the pandemic, can help buoy the sector during these challenging times. In a virtual briefing on Wednesday, Pru Life UK senior vice president and… Read More
Stocks index, peso rise after sell-off in US
September 29, 2021, 5:27 pm
MANILA – The Philippine Stock Exchange index (PSEi) recovered on Wednesday as foreign investors kept their distance from US equities due in part to inflation concerns, and the peso mirrored this performance. The main equities index rose by 0.71 percent, or 48.75 points, to 6,934.11… Read More
Drive-thru, delivery new normal in Cebu food business
September 29, 2021, 4:46 pm
CEBU CITY – A stall-based food company executive on Wednesday said food delivery and drive-thru concept food stores are now becoming a new normal in the food industry amid the coronavirus disease 2019 (Covid-19) pandemic. Alsmith Ricana, vice president for operations of Leylam, a… Read More
