Business
Investing in retail dollar bonds ‘win-win proposition’: DOF chief
September 15, 2021, 7:51 pm
MANILA – Department of Finance (DOF) Secretary Carlos Dominguez III urged Wednesday small investors to invest in the Philippines’ first-ever onshore retail dollar bond (RDBs) offering, as this income opportunity is a “win-win proposition” that will promote financial inclusion while raising… Read More
OFW remittances seen to rise as more economies reopen
September 15, 2021, 7:46 pm
MANILA – Gains in the vaccination program of countries where overseas Filipino workers (OFWs) are, along with economic recovery around the world, are expected to further boost remittance growth in the Philippines. The Bangko Sentral ng Pilipinas (BSP) on Wednesday reported a 2.6-percent… Read More
Growth concerns weaken stocks index; peso firms up
September 15, 2021, 7:10 pm
MANILA – The local stock barometer shed on Wednesday mainly on looming Federal Reserve rate adjustment and growth concerns, while the peso improved against the US dollar. The Philippine Stock Exchange index (PSEi) declined by 0.58 percent, or 40.16 points, to 6,880.20 points. All Shares… Read More
DTI chief cites potential of young entrepreneurs
September 15, 2021, 6:26 pm
BAGUIO CITY – Department of Trade and Industry (DTI) Secretary Ramon Lopez said the country being a so-called social media capital makes youth entrepreneurs as potential contributors to the success of the government's socio-economic development agenda for micro, small and medium enterprises… Read More
BTr sells $866.2-M retail bonds
September 15, 2021, 4:55 pm
MANILA – The government raised a total of USD866.2 million (around PHP43.3 billion) worth of five- and 10-year retail dollar bonds (RDB) during its initial auction on Wednesday, higher than the total USD4-million offer. Of the total, USD551.8 billion was raised from the five-year tenor paper… Read More
Apple introduces 4 new iPhone 13 models
September 15, 2021, 2:33 pm
ANKARA – US tech firm Apple introduced Tuesday four new iPhone 13 models at a virtual event held at its headquarters in Cupertino, California. The new models include iPhone 13 mini, iPhone 13 with Super Retina XDR display with A15 bionic chip, which Apple dubbed as the fastest CPU in any… Read More
1-day online processing in company registration system launched
September 15, 2021, 1:47 pm
MANILA – The Securities and Exchange Commission (SEC) has made starting a business even faster and easier, as it held the soft launch for a new feature in its online company registration system that will allow applicants to complete the process in one day. Starting Sept. 15, domestic… Read More
Real estate bubble still far for PH: economist
September 14, 2021, 7:26 pm
MANILA – An economist has discounted a real estate bubble despite the increase in building permits issuance while the residential real estate price index (RREPI) declined. Citing Philippine Statistics Authority (PSA) data, ING Bank Manila senior economist Nicholas Mapa cited the pick-up in… Read More
Stocks decline on profit taking; peso almost unchanged
September 14, 2021, 6:05 pm
MANILA – Profit-taking led to another negative close of the Philippine Stock Exchange index (PSEi) after the main gauge hit the 7,000-level mid-trade Tuesday, but the peso managed to remain firm against the US dollar. The main equities index slipped by 0.69 percent, or 47.78 points, to… Read More
Agri, human capital dev’t key to more resilient economy: NEDA
September 14, 2021, 5:19 pm
MANILA – Reforms that enable structural transformation and strengthen human capital development are the foundations of a more resilient economy in a post-pandemic world, the National Economic Development Authority (NEDA) said. In his keynote speech during the opening program of the 7th… Read More
Displaced workers urged to tap DTI livelihood programs
September 14, 2021, 4:58 pm
MANILA – The Department of Trade and Industry (DTI) is ready to help Filipinos that lost their jobs amid the pandemic through its agencies’ livelihood programs. In a Palace briefing Tuesday, DTI Secretary Ramon Lopez said the department is distributing livelihood kits worth PHP5,000 to… Read More
10-year T-bond rate rises on inflation concerns
September 14, 2021, 3:27 pm
MANILA – The rate of the 10-year Treasury bond (T-bond) rose on Tuesday due to robust demand for the government securities. The average rate of reissued debt paper increased to 4.246 percent from 3.914 percent previously. The Bureau of the Treasury (BTr) offered the debt paper for PHP35… Read More
New alert level system seen to restore more biz activities, jobs
September 14, 2021, 3:14 pm
MANILA – As the government shifts to community quarantine policy in Metro Manila, Trade Secretary Ramon Lopez said the new policy aims to bring back more business activities and jobs gradually and safely amid the threats of Delta variant. In a Palace briefing Tuesday, Lopez said about PHP180… Read More
Cebu's economic recovery seen at 'accelerated pace'
September 14, 2021, 2:32 pm
CEBU CITY – Economic recovery in Cebu and the Visayas region is underway and is projected to happen at an "accelerated pace," a business leader here said on Tuesday. Real estate veteran Jose Soberano III, chief executive officer of Cebu Landmasters Inc. (CLI), expressed this confidence during… Read More
4th REIT listing amid pandemic vote of confidence in PH recovery
September 14, 2021, 1:49 pm
MANILA – The public listing of the Philippines’ fourth Real Estate Investment Trust (REIT) company amid the lingering pandemic demonstrates the beneficial results to the economy of the Duterte administration’s efforts to allow these financial instruments to flourish, and confirms investor… Read More
Peso weakens, stocks end sideways ahead of US data releases
September 13, 2021, 7:42 pm
MANILA – The Philippine Stock Exchange index (PSEi) ended Monday sideways as investors awaited economic data releases from the United States while the peso weakened against the US dollar. The main equities index shed 0.03 percent, or 2.37 points, to 6,968.14 points. All Shares rose by 0.05… Read More
T-bill rates little changed on strong demand
September 13, 2021, 6:54 pm
MANILA – The rates of the Treasury bills (T-bills) moved sideways on Monday as demand for the debt paper remained strong on the back of the central bank’s assurance of continued support for the pandemic-hit economy. The average rate of the 91-day paper stood at 1.079 percent, the 182-day at… Read More
Economist eyes over 5% inflation rate this month
September 13, 2021, 6:36 pm
MANILA –The domestic rate of price increases is expected to breach the 5-percent level this month as weather disturbances and higher fuel prices continue to push prices of commodities and utilities up. The inflation rate last August surged to 4.9 percent, the highest since the 4.4 percent in… Read More
Biz group nixes plan to ease protocols for vaxxed individuals
September 13, 2021, 5:18 pm
MANILA – Contrary to the suggestion of other stakeholders in the business sector, the Philippine Chamber of Commerce and Industry (PCCI) has expressed its concern on relaxing protocols for vaccinated people. In a statement Monday, PCCI opposed the proposed policy to allow vaccinated individuals… Read More
Oil prices up for 3rd straight week
September 13, 2021, 4:50 pm
MANILA – Oil companies will hike pump prices anew on Tuesday, marking the third consecutive week of an increase. In separate advisories, Caltex, Petro Gazz, Phoenix Petroleum, Seaoil and Shell said they will raise gasoline prices by PHP0.40 per liter and diesel prices by PHP0.35 per… Read More
