Business
NegOr farmers group cited for successful agrivet, merchandise biz
September 22, 2021, 6:26 pm
CEBU CITY – The Department of Social Welfare and Development (DSWD)-Region 7 (Central Visayas) on Wednesday cited a business venture organized by 32 farmers in a conflict-affected area for standing out to learn merchandising amid the coronavirus disease 2019 (Covid-19) pandemic. In a… Read More
TDF rates post varied movements but tenders remain high
September 22, 2021, 5:48 pm
MANILA – The average rate of the Bangko Sentral ng Pilipinas’ (BSP) term deposit facility (TDF) posted mixed results Wednesday, but both tenors were oversubscribed despite the higher offer volume this week. Data released by the central bank showed that the average rate of the seven-day… Read More
Move It, Grab PH form ‘landmark’ partnership
September 22, 2021, 5:23 pm
MANILA – Motorcycle taxi company, Move It, has partnered with service delivery company, Grab Philippines (Grab), allowing users of the Grab mobile application (app) to book motorcycle taxis from the two companies. In a joint statement on Wednesday, Move It president and CEO Francis Juan said… Read More
Stocks rise ahead of Fed decision; peso weakens
September 22, 2021, 5:15 pm
MANILA – The Philippine Stock Exchange index (PSEi) inched up anew Wednesday ahead of the Federal Reserve decision announcement, but the peso depreciated against the US dollar. The local stock barometer gained 0.14 percent, or 9.53 points, to 6,890.73 points. All Shares posted a higher jump… Read More
Local production of medicines to lower prices in PH
September 22, 2021, 3:53 pm
MANILA – The government is pushing for policies that will attract pharmaceutical firms to set up their facilities here that will boost the country’s capacity to manufacture generic medicines, Department of Trade and Industry (DTI) Secretary Ramon Lopez said. In a webinar Wednesday, Lopez said… Read More
ADB maintains 2021 forecast for PH economy; vax key to growth
September 22, 2021, 3:03 pm
MANILA – The Philippines’ economic growth in 2021 and 2022 will be supported by sustained growth in public infrastructure spending, improving consumer confidence, and progress in the national coronavirus disease 2019 (Covid-19) vaccination program, according to a report released Wednesday by… Read More
Peso seen to weaken until next year amid pandemic
September 21, 2021, 5:58 pm
MANILA – The peso is expected to trade within a wide range this and next year given the pandemic-related developments, as policy responses impact on investors’ confidence on the economy in general, Fitch Solutions said. In a report dated Sept. 20, Fitch Solutions Country Risk and Industry… Read More
Stocks rise on risk-on sentiments; peso strengthens
September 21, 2021, 5:25 pm
MANILA – The Philippine Stock Exchange index (PSEi) recovered on Tuesday on risk-on sentiments amid the Chinese property developer’s debt crisis, and the peso followed. The local stock barometer rose by 0.34 percent, or 23.30 points, to 6,881.20 points. All Shares moved sideways after… Read More
Gov’t urged to allow LGUs, firms to buy own Covid-19 jabs
September 21, 2021, 5:14 pm
MANILA – The national government is urged to establish a policy where local government units (LGUs) and the private sector will be allowed to directly purchase their own vaccines against coronavirus disease 2019 (Covid-19). This recommendation is part of Makati Business Club’s (MBC)… Read More
7-year T-bond rate posts uptick due to inflation issues
September 21, 2021, 5:10 pm
MANILA – The average rate of the seven-year Treasury bond (T-bond) rose on Tuesday but tenders remained high, resulting in the full award of the debt paper. The rate of the debt securities increased to 3.826 percent from 3.789 percent previously. The Bureau of the Treasury (BTr) offered… Read More
Multi-sectoral TFs eyed to deal with innovation index laggards
September 21, 2021, 4:28 pm
MANILA – Following the Philippines’ one-notch slide in the Global Innovation Index (GII) 2021, the Intellectual Property Office of the Philippines (IPOPHL) has called for stronger collaboration among government, industry and the academe, and urged for the formation of multi-sectoral task… Read More
Bill Gates' nonprofit group ties up with 7 firms for clean energy
September 21, 2021, 3:16 pm
ANKARA – American business magnate Bill Gates’ nonprofit organization, Breakthrough Energy, announced on Monday it partnered with seven corporations for its program to accelerate development of climate-smart technologies to achieve net-zero emissions by 2050. The partners include American… Read More
PH to continue innovations to spur new growth
September 21, 2021, 3:09 pm
MANILA – Department of Trade and Industry (DTI) Secretary Ramon Lopez said on Tuesday the government will continue its programs and introduce policies to drive innovation in the country. In a virtual presser on the Philippines’ ranking in the Global Innovation Index (GII) 202, Lopez said the… Read More
Pharma retail still poised for growth, job openings in Cebu
September 21, 2021, 2:47 pm
CEBU CITY – The pharmaceutical retail business in the country is still poised for further growth and is expected to open more employment opportunities in Cebu, a retail company said on Tuesday. The projection was made by Robinsons Retail Holdings Inc. (RRHI) as it announced the opening of its… Read More
Cebu cosmetic firm flagged for engaging in ‘Ponzi’ scheme
September 21, 2021, 1:45 pm
CEBU CITY – The Securities and Exchange Commission (SEC) has flagged a company based here offering beauty, cosmetics, home and personal care to the public for allegedly engaging in a Ponzi scheme by soliciting investments without a government license and permit. In a statement on Tuesday, SEC… Read More
SSS members get P2.6-B unemployment insurance benefits
September 21, 2021, 12:54 pm
MANILA – The Social Security System (SSS) has so far provided about 196,000 members of its pension fund a total of PHP2.62 billion in unemployment insurance benefits, most of it released during the pandemic. Finance Secretary and Social Security Commission (SSC) chairman Carlos Dominguez III… Read More
2 C. Luzon MSMEs vie for top plums in Nat’l Productivity Olympics
September 20, 2021, 8:27 pm
CITY OF SAN FERNANDO, Pampanga – Two micro, small and medium enterprises (MSMEs) from Region 3 (Central Luzon) will vie for the top awards in this year's National Productivity Olympics.Geraldine Panlilio, regional director of the Department of Labor and Employment (DOLE) 3, said on Monday the… Read More
DTI launches e-comics making contest for Cebuano artists
September 20, 2021, 7:18 pm
CEBU CITY – Recognizing the role of the youth in digital consumerism under the new normal, the Department of Trade and Industry (DTI)-Cebu office on Monday launched an electronic comics contest for the young artists in the province. “Calling the attention of all aspiring youth comic artists… Read More
Stocks, peso start week down on lack of trading impetus
September 20, 2021, 6:30 pm
MANILA – The Philippine Stock Exchange index (PSEi) started the week in the negative territory due to lack of data releases both here and in the United States, while the peso depreciated to the 50-level against the greenback. The local stock barometer shed 0.79 percent, or 54.95 points, to… Read More
T-bill rates move sideways as bids remain high
September 20, 2021, 5:29 pm
MANILA – The continued strong demand for the treasury bills (T-bills) resulted in sideways movement of their interest rates on Monday. The average rate of the 91-day paper stood at 1.070 percent, the 182-day at 1.389 percent, and the 364-day at 1.597 percent. These were at 1.079… Read More
