Business
Separate spaces for vaccinated, unvaxxed individuals pushed
August 20, 2021, 6:12 pm
MANILA – Presidential Adviser for Entrepreneurship Joey Concepcion has laid out recommendations to prevent lockdowns during the fourth quarter in time for the Christmas holidays. In a television interview Friday, Concepcion is pushing for separate ‘bubbles’ for vaccinated and unvaccinated… Read More
4.1M Filipinos vaxxed during August ECQ: DOF chief
August 20, 2021, 6:00 pm
MANILA – Economic activities are hampered during the two-week enhanced community quarantine (ECQ) in Manila Manila that ends Friday, but the government’s vaccination program against the coronavirus disease 2019 (Covid-19) got a boost. “The big achievement during the ECQ period from August… Read More
7-month imported vehicle sales up 43%
August 20, 2021, 4:44 pm
MANILA – The Association of Vehicle Importers and Distributors (AVID) reported Friday that sales of imported vehicles in the first seven months of the year increased by 43 percent to 35,092 units from 24,610 units a year ago. All segments posted sales increase for the January to July… Read More
5 Bohol fisherfolk groups, farmers get P1.8-M aid
August 20, 2021, 2:00 pm
CEBU CITY – Five groups of farmers and fishermen in Bohol will soon experience the life of being businessmen using the PHP1.83-million livelihood assistance from the Department of Labor and Employment (DOLE), the top regional labor official said on Friday. In a statement, DOLE-7 regional… Read More
Investors still bullish on PH tourism, gaming prospects
August 20, 2021, 1:51 pm
CEBU CITY – Investors have maintained a bullish outlook on the country’s tourism industry as recovery growth is underway post-pandemic, an industry executive said on Friday. Gaming veteran Jose Angel Sueiro, chief operating officer of PH Resorts Group Holdings, gave this positive outlook on… Read More
DBP, CDA ink pact to boost cooperatives
August 20, 2021, 1:47 pm
MANILA – The state-owned Development Bank of the Philippines (DBP) and the Cooperative Development Authority (CDA) have signed a memorandum of agreement (MOA) to strengthen cooperative enterprises in the country through improved access to bank financing opportunities and capacity building… Read More
Filipinos to benefit from bank secrecy measures
August 19, 2021, 8:36 pm
MANILA – The public will greatly benefit from the proposed measures on bank deposit secrecy since these will help thwart domestic and global tax evasion and other financial crimes, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said. Diokno was grateful that Malacañang has… Read More
Bank loans to MSMEs rise during pandemic
August 19, 2021, 7:05 pm
MANILA – Small businesses continue to gain access to financing from banks, especially after the Bangko Sentral ng Pilipinas (BSP) used borrowings to the sector as alternative compliance to reserve requirements. BSP data show that as of July 29, banks extended a total of PHP188.7 billion to… Read More
Risk-on sentiments boost stocks; peso weakens
August 19, 2021, 6:48 pm
MANILA – Risk-on sentiments again lifted the Philippine Stock Exchange index (PSEi) on Thursday but the peso weakened against the US dollar. The main equities gauge rose by 0.57 percent, or 38.33 points, to 6,718.51 points. All Shares increased by 0.56 percent, or 23.22 points, to… Read More
BSP sets 3-year period for digital banks operations assessment
August 19, 2021, 6:26 pm
MANILA – Application for digital banking license is up until the end of the month and will resume after three years if needed, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said. In a virtual briefing on Thursday, Diokno said limiting the number of digital banks will allow the… Read More
Economic growth hinges on public health situation, Bayanihan 3
August 19, 2021, 6:12 pm
MANILA – The chairman of the House Ways and Means Committee on Thursday said meeting the revised growth targets of the Development Budget Coordinating Committee (DBCC) will depend on the management of the public health situation and the passage of a third Bayanihan package. Albay Rep. Joey… Read More
18 firms join BOI’s aerospace certification program
August 19, 2021, 4:47 pm
MANILA – The Board of Investments (BOI) reported Thursday that 18 firms have participated in its Aerospace Quality Management System (AQMS) training program since 2017. One of the latest firms that received the Aerospace Standard 9100 (AS9100) certification, an industry-specific quality… Read More
PhilGuarantee covers P3.5-B agri loans in H1 2021
August 19, 2021, 1:36 pm
MANILA – The Philippine Guarantee Corp. (PhilGuarantee) has provided guarantees to loans in the agriculture sector amounting to PHP3.5 billion in the first half of 2021, which is already 95 percent of the state firm’s target of PHP3.7 billion for the entire year. PhilGuarantee president and… Read More
PhilHealth remains viable: Dominguez
August 18, 2021, 7:30 pm
MANILA – The Philippine Health Insurance Corporation (PhilHealth) remains viable and can still bear massive spending but not for years, Finance Secretary Carlos Dominguez III said. In a virtual briefing on Tuesday, Dominguez said the state-owned health insurer has about PHP160 billion in… Read More
PSEi up on expected gains from programs vs. pandemic; peso flat
August 18, 2021, 6:51 pm
MANILA – Hopes for gains from government programs against the pandemic lifted the Philippine Stock Exchange index (PSEi) on Wednesday while the peso closed sideways against the US dollar. The main equities index gained 1.81 percent, or 118.77 points, to 6,680.18 points. All Shares trailed with… Read More
Economic managers trim 2021 growth assumption to 4% to 5%
August 18, 2021, 6:14 pm
MANILA – Economic managers have slashed the 2021 growth assumption to 4 percent to 5 percent given the brunt of strictest quarantine imposed to address risks from the more contagious coronavirus disease 2019 (Covid-19) Delta variant. The inter-agency Development Budget Coordination Committee… Read More
Malampaya’s looming shutdown accelerates LNG investments in PH
August 18, 2021, 3:51 pm
MANILA – Investments for liquefied natural gas (LNG) projects in the country have been accelerated with the looming shutdown of the Malampaya gas field, with the Department of Energy (DOE) giving a green light to seven LNG projects. Fitch Solutions, the research arm of Fitch Group, said the… Read More
Vax program to sustain growth in trade, economy: DOF
August 18, 2021, 3:45 pm
MANILA – The continued increase in the number of Filipinos vaccinated against coronavirus disease 2019 (Covid-19) and the arrival of more vaccines are expected to further boost gains in trade and the economy’s recovery. In an economic bulletin issued on Wednesday, the Department of Finance… Read More
PH auto sales up 4.7% in July
August 18, 2021, 2:20 pm
MANILA – Industry groups Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association (TMA) reported Wednesday that sales of locally assembled vehicles increased by 4.7 percent in July this year compared to sales during the same period last… Read More
DTI chief urges vax manufacturers to expand in PH
August 18, 2021, 12:57 pm
MANILA – With the insufficient supply of vaccines against coronavirus disease 2019 (Covid-19) globally, Department of Trade and Industry (DTI) Secretary Ramon Lopez has urged vaccine manufacturers to make the Philippines their additional production base. “What the vaccine technology owners… Read More
