Business
Mandaue biz group urges firms to rev up recovery efforts
September 1, 2021, 1:23 pm
MANDAUE CITY, Cebu – With the industries working towards recovery from the pandemic, the Mandaue Chamber of Commerce and Industry (MCCI) has called on local businesses to rev up recovery efforts while ensuring health safety. MCCI president Steven Yu on Wednesday said the MCCI, in partnership… Read More
LPG prices up in September
September 1, 2021, 10:43 am
MANILA – Consumers will have to pay more for cooking gas as the prices of liquefied petroleum gas (LPG) increased anew this month. Petron has implemented a PHP0.65-per-kg. increment in LPG prices effective Wednesday. Its AutoLPG prices also increased by PHP0.36 per liter. “These reflect the… Read More
Gov’t gets P1.7-B royalty payment from integrated energy firm
August 31, 2021, 7:57 pm
MANILA – The government, through the Department of Energy (DOE), has received nearly PHP1.7 billion in royalty payment from integrated energy company Semirara Mining and Power Corp. (SMPC) for the second quarter of the year. In a statement Tuesday, SMPC said this is the highest quarterly… Read More
Cebu Pacific to resume Hong Kong flights beginning Sept. 1
August 31, 2021, 7:31 pm
MANILA – Low-cost airline Cebu Pacific (CEB) will resume passenger flight operations six times weekly (daily except Saturday) beginning September 1. In a statement on Tuesday, CEB Chief Commercial Officer Xander Lao said there is latent travel demand, and the airline remains cautiously… Read More
Stocks rise on bargain hunting; peso up at 49-level
August 31, 2021, 7:03 pm
MANILA – The Philippine Stock Exchange index (PSEi) ended Tuesday up due in part to window dressing while the peso followed and even improved to the 49-level against the greenback. The main equities index rose by 1.01 percent, or 68.82 points, to 6,855.44 points. All Shares jumped by 0.51… Read More
LRT-1 partners with P2P bus service for NAIA, PITX connection
August 31, 2021, 6:42 pm
MANILA – Going to key air and land transportation hubs in Metro Manila is now easier after the Light Rail Manila Corporation (LRMC) partnered with UBE Express Inc. (UBEx) for direct point-to-point (P2P) connections to the Ninoy Aquino International Airport (NAIA) and the Parañaque Integrated… Read More
119 retail stores, supermarkets join DTI-DA’s PRD program
August 31, 2021, 5:45 pm
MANILA – The “Presyong Risonable Dapat” (PRD) program of the Department of Trade and Industry (DTI) and the Department of Agriculture (DA) has gained support from the business community as 119 retail stores and supermarkets participated in the program. In a statement Tuesday, the DTI said… Read More
T-bill rates little changed amid strong demand
August 31, 2021, 5:38 pm
MANILA – The rates of treasury bills (T-bills) closed either flat or little changed on Tuesday amid the strong demand for the debt securities. The average rate of the 91-day T-bill was unchanged at 1.077 percent while it was sideways for the 182-day at 1.405 percent, and the 364-day paper at… Read More
PNOC exec passes away
August 31, 2021, 2:39 pm
MANILA – Philippine National Oil Company (PNOC) president and chief executive officer retired Admiral Reuben Lista passed away Tuesday at the age of 73, according to the Department of Energy (DOE). “Admiral Lista was a staunch partner in realizing our energy goals to effectively implement… Read More
DOF to launch better online reporting of GOCC debts, liabilities
August 31, 2021, 2:20 pm
MANILA – The Department of Finance (DOF) is set to launch an online tool that aims to streamline the reporting of data pertaining to the debts and other liabilities of government-owned and -controlled corporations (GOCCs). In a report to Finance Secretary Carlos Dominguez III, the DOF’s… Read More
BSP eyes August inflation between 4.1% to 4.9%
August 31, 2021, 12:55 pm
MANILA – The Bangko Sentral ng Pilipinas (BSP) forecasts higher liquified petroleum gas (LPG) prices to push domestic inflation to between 4.1 percent to 4.9 percent this month. In a Viber message to journalists on Tuesday, BSP Governor Benjamin Diokno said other upside risks to inflation for… Read More
Q2 GDP growth boosts prospects for H2 expansion
August 30, 2021, 7:04 pm
MANILA – Gains from the positive 11.8-percent gross domestic product (GDP) in the second quarter of the year may likely push the Philippine economy’s full-year expansion to nearly 5 percent, a report said. The Market Call, the joint monthly publication of First Metro Investment Corporation… Read More
Fuel prices to go up this week
August 30, 2021, 4:20 pm
MANILA – Fuel prices are set to increase before the month ends. In separate advisories, Caltex, Cleanfuel, Petro Gazz, Seaoil, and Shell will increase gasoline prices by PHP0.40 per liter and PHP0.60 per liter on diesel prices starting Tuesday morning. Kerosene prices at Caltex, Seaoil, and… Read More
OFBank accounts opened via digital onboarding doubles to 46K
August 30, 2021, 4:01 pm
MANILA – Deposit accounts opened through the Overseas Filipino Bank’s (OFBank) digital onboarding system more than doubled to nearly 46,000 as of July of 2021, compared to the number of accounts in December last year. In a report to Finance Secretary Carlos Dominguez III, the Land Bank of… Read More
Resolve power shortage in Mindoro by end-Sept: Cusi
August 27, 2021, 7:56 pm
MANILA – Department of Energy (DOE) Secretary Alfonso Cusi went to Mindoro and met with energy stakeholders to resolve the power crisis in the area. Mindoro Island has been experiencing rotational brownouts due to power shortage. “The NPC ([National Power Corp.] needs) to provide the 25… Read More
Manufacturing can pave PH path to high-income country status
August 27, 2021, 7:40 pm
MANILA – The ability of the Philippines to move up to high-income country status hinges on the long-term development of the agriculture and manufacturing sectors, the National Economic and Development Authority (NEDA) said. In his keynote speech during the Department of Trade and… Read More
Bank clients urged to use alternative banking channels
August 27, 2021, 7:34 pm
MANILA – Several banks have urged their clients to utilize the financial institutions’ online platforms during the National Heroes’ Day holiday on Monday as all their branches nationwide will be closed. In an advisory issued on Friday, Security Bank Corporation (Security Bank) said their… Read More
DA OKs fish importation in Q4
August 27, 2021, 6:38 pm
MANILA – The Department of Agriculture (DA) has approved on Friday the Certificate of Necessity to Import (CNI) 60,000 metric tons (MT) of fish in the last quarter of the year. This was recommended by the Bureau of Fisheries and Aquatic Resources (BFAR) in coordination with the Philippine… Read More
Stocks, peso weaken ahead of Fed symposium
August 27, 2021, 6:00 pm
MANILA – The Philippine Stock Exchange index (PSEi) declined on Friday as investors awaited Federal Reserve chairman Jerome Powell’s speech at the Jackson Hole monetary policy symposium later in the day, while the peso depreciated to the 50-level. The main index shed 0.50 percent, or 33.91… Read More
DTI, PCEx sign deal to curb plastic footprint
August 27, 2021, 5:55 pm
MANILA – The Department of Trade and Industry (DTI) and Plastic Credit Exchange (PCEx) have signed a memorandum of agreement (MOA) forging a partnership to address plastic waste problem in the country. The MOA was signed by DTI Secretary Ramon Lopez and PCEx founder and president Nanette… Read More
