Business
Stocks, peso rise on US FDA’s full approval to Pfizer vax
August 25, 2021, 6:02 pm
MANILA – The Philippine Stock Exchange index (PSEi) and the peso ended Wednesday on positive territory on news that Pfizer-BioNTech received regulatory approval from the US Food and Drug Administration (FDA) for their coronavirus disease 2019 (Covid-19) vaccine. The main equities index rose… Read More
PH more attractive to European firms as Covid cases rise in Asean
August 25, 2021, 5:06 pm
MANILA – The Philippines now becomes more attractive to European investors as the coronavirus disease 2019 (Covid-19) cases surge in other Southeast Asian countries while these are also experiencing political instability, a foreign chamber executive said. Lars Wittig, the new president of… Read More
AI processing seen as next BPO for PH
August 25, 2021, 1:10 pm
MANILA – The processing of artificial intelligence (AI) is expected to be an emerging industry for the Philippines following the growth of the business process outsourcing (BPO) sector in the past decades. Reporting to President Rodrigo Duterte during the Talk to the Nation Tuesday night,… Read More
Public to benefit from ATM installation in 7-Eleven stores
August 24, 2021, 8:23 pm
MANILA – The government’s bid to ensure the availability of financial services to more Filipinos got a boost from the installation of automated teller machines (ATMs) in over 500 7-Eleven stores in Metro Manila and Cavite. Philippine Seven Corporation (PSC), the exclusive licensor of… Read More
Factors vs. lockdown's impact on gov't fiscal position cited
August 24, 2021, 8:17 pm
MANILA – The government’s jab program against the coronavirus disease 2019 (Covid-19) and arrival of more vaccines are expected to counter the impact of movement restrictions on the government’s fiscal performance in the coming months. In a report, Rizal Commercial Banking Corporation… Read More
Peso, stocks up ahead of Fed’s monetary policy symposium
August 24, 2021, 8:10 pm
MANILA – The Philippine Stock Exchange index (PSEi) recovered on Tuesday ahead of Federal Reserve Chairman Jerome Powell’s presence at Fed-hosted monetary policy symposium in Jackson Hole, Wyoming, while the peso improved against the greenback. The main equities index rose by 1.32… Read More
PH viable haven for US healthcare info mgt services investments
August 24, 2021, 7:10 pm
MANILA – Trade Secretary Ramon Lopez said the Philippines remains an attractive investment destination for healthcare information management services (HIMS) companies from the United States despite the ongoing coronavirus pandemic. In a webinar Tuesday, Lopez said HIMS is one of the priority… Read More
BTr rejects bids for 11-year T-bond on high interest rates
August 24, 2021, 6:38 pm
MANILA – The Bureau of the Treasury (BTr) on Tuesday rejected all bids for the 11-year Treasury bond (T-bond) after investors requested high yields. Had the auction committee made a full award, the rate of the debt instrument would have risen to 4.533 percent, higher than the 4.187 percent it… Read More
BPO firm, academe partner to accelerate tech innovation
August 24, 2021, 5:53 pm
MANILA – Business process outsourcing (BPO) firm Accenture has partnered with 10 universities and academic institutions to help accelerate technology innovation in the country. In a virtual ceremony on Tuesday, Accenture turned over PHP80 million in grants to its academic partners to fund… Read More
APEC action plan prioritizes strengthening immunization programs
August 24, 2021, 1:15 pm
JAKARTA – Asia-Pacific Economic Cooperation (APEC) member economies have developed a comprehensive 10-year strategy to support the region's routine vaccination endeavors and to boost the resilience and sustainability of immunization programs in the region through 2030. This was noted in a… Read More
Gov’t issues 21.6K safety seal certifications
August 24, 2021, 1:12 pm
MANILA – A total of 21,676 safety seal certifications were issued by government agencies, Department of Trade and Industry (DTI) Undersecretary Ireneo Vizmonte said. In the Department of Health’s virtual Kapihan session on Tuesday, Vizmonte said DTI has approved 3,169 applications for safety… Read More
PH T-bill rates mixed as domestic liquidity remains high
August 23, 2021, 8:04 pm
MANILA – Rate of the Philippines’ Treasury bills (T-bills) posted mixed movement on Monday as domestic liquidity remains high. Average rate of the 91-day paper rose to 1.077 percent while the 182-day and 364-day moved sideways to 1.408 percent and 1.612 percent, respectively. These were at… Read More
Gas, diesel, kerosene prices to go down this week
August 23, 2021, 7:40 pm
MANILA – Oil firms on Monday announced that they will roll back pump prices this week. In separate advisories, Caltex, Cleanfuel, Petro Gazz, PTT, Seaoil, Shell, and Total said they will slash gasoline prices by PHP0.80 per liter and PHP0.75 per liter on diesel prices. Caltex, Seaoil, and Shell… Read More
PSEi slips as peso ends sideways vs. USD
August 23, 2021, 6:58 pm
MANILA – Philippine Stock Exchange index (PSEi) ended Monday in the red as investors monitor jumps in coronavirus disease 2019 (Covid-19) infections but the peso moved sideways against the US dollar. The main equities index shed 0.63 percent, or 41.55 points, to 6,591.67 points. All Shares… Read More
27 MW power to be added in Masbate, Palawan
August 23, 2021, 3:18 pm
MANILA – DMCI Power Corp. (DPC) is investing PHP3.5 billion to add at least 27 megawatts (MW) of power in the off-grid market of Masbate and Palawan between 2022 and 2023. In a statement Monday, DPC said it would spend PHP2.7 billion to construct a thermal power plant in Narra, Palawan with a… Read More
Pandemic-related programs keys in economists' GDP forecasts
August 20, 2021, 8:39 pm
MANILA – The implementation of pandemic-related programs will be among the drivers of economists’ growth outlook for the Philippines, a ranking Department of Finance (DOF) official said. In an economic bulletin on Friday, Finance Undersecretary Gil Beltran said “forecasters will be looking… Read More
BSP 28-day bills rate falls anew on strong demand
August 20, 2021, 7:57 pm
MANILA – Strong demand for the Bangko Sentral ng Pilipinas’ (BSP) 28-day bills resulted in another drop in its average rate on Friday. Data released by the central bank showed that the debt paper was again offered for PHP100 billion and bids amounted to PHP153.98 billion. The auction… Read More
35 Cebu City villages join entrepreneurial mentoring
August 20, 2021, 7:53 pm
CEBU CITY – The Cebu Chamber of Commerce and Industry (CCCI) successfully launched here on Friday the barangay-based entrepreneurial mentoring program (BBEMP). The project initiated by the CCCI is in partnership with Famcor Franchise Management and Executive Development Corp. and the city… Read More
Stocks end 4-day rally; peso gains vs. US dollar
August 20, 2021, 7:13 pm
MANILA – The local stock barometer ended the week in negative territory due to correction but the peso gained against the US dollar. After a four-day rally, the Philippine Stock Exchange index (PSEI) lost 1.27 percent, or 85.29 points, to 6,633.22 points. It was tracked by all the other… Read More
APEC ministers launch food security roadmap
August 20, 2021, 6:14 pm
JAKARTA – Agriculture and food ministers from 21 member economies of Asia Pacific Economic Cooperation (APEC) have reaffirmed their commitment to an open, transparent, productive, sustainable, and resilient APEC food system by launching a new 10-year food security roadmap. A World Bank policy… Read More
