Business
Cebu Pacific refunds P7.7-B, urges customers to check remittance
August 6, 2021, 4:03 pm
MANILA – Low-cost airline Cebu Pacific (CEB) on Friday said it has already issued PHP7.7 billion for refund requests filed until June this year, and is urging customers to check their remittance. Michelle Lim of CEB Corporate Communications said the refund covers all coronavirus disease 2019… Read More
DTI readies livelihood, loan programs amid ECQ in Metro Manila
August 6, 2021, 4:01 pm
MANILA – Department of Trade and Industry (DTI) Secretary Ramon Lopez said on Friday the agency is ready to help poor communities via its livelihood program and small-scale businesses that will be affected by the two-week enhanced community quarantine (ECQ) in Metro Manila. In an interview… Read More
PLDT-Smart assures continued service, support during ECQ
August 6, 2021, 12:52 pm
MANILA – Telecommunications firm PLDT and its wireless subsidiary Smart (PLDT-Smart) on Friday assured customers that its network and support services would remain online during the enhanced community quarantine (ECQ). In a statement, PLDT-Smart said its stores would remain open to customers… Read More
Consumers to benefit from open finance
August 5, 2021, 8:45 pm
MANILA – More Filipino consumers can benefit from a bid to make financial services accessible to everyone through an open finance framework. “With open finance, Filipino consumers will be able to have a consolidated view of their personal data, and their financial transactions, access more… Read More
Gov’t to ensure stable food prices amid ECQ: NEDA
August 5, 2021, 7:47 pm
MANILA – The Philippine government is proactively ensuring stable and affordable food prices, especially amid the implementation of the enhanced community quarantine (ECQ) in Metro Manila and stricter quarantines throughout the country due to the coronavirus Delta variant, the National Economic… Read More
BSP’s accommodative stance seen to counter possible price hikes
August 5, 2021, 7:42 pm
MANILA – Economists expect the Bangko Sentral ng Pilipinas (BSP) to keep its accommodative stance despite the inflation rate deceleration to counter the possible commodity price hikes during the typhoon season and the enhanced community quarantine (ECQ). In a report on Thursday, ING Bank Manila… Read More
Stocks index, peso slide on possible Fed asset purchases taper
August 5, 2021, 7:36 pm
MANILA – The possibility of Federal Reserve’s asset bond purchases tapering later this year resulted in the negative close of the local stock barometer and the weakening of the peso to 50-level against the greenback on Thursday. The Philippine Stock Exchange index (PSEi) lost 0.58 percent,… Read More
Start of commercial run for D&L’s Batangas plant moved to May
August 5, 2021, 7:32 pm
MANILA – Food ingredients and plastics manufacturer D&L Industries has moved to May next year the start of the commercial run of its Batangas plant, as it ramps up exports of coconut-based products amid the pandemic. “While the pandemic is still ongoing, D&L believes that the Batangas… Read More
Demand for residential property seen to recover in 2022
August 5, 2021, 4:29 pm
MANILA – A leading diversified professional services and investment management firm forecasted that the demand for the residential property in Metro Manila will recover next year. “Colliers expects a recovery in residential demand in 2022 on the back of rebound in office leasing,… Read More
BSP guards vs. risks to inflation as pandemic lingers
August 5, 2021, 2:48 pm
MANILA – The Bangko Sentral ng Pilipinas (BSP) will remain on guard against challenges posed by the coronavirus pandemic to keep the country’s inflation rate within the target band. In a Viber message to journalists on Thursday, BSP Governor Benjamin Diokno said the increases in… Read More
Metro Pacific eyes P12-B profit; gears up to offer vax services
August 4, 2021, 9:04 pm
MANILA – Infrastructure holding firm Metro Pacific Investments Corporation (MPIC) is optimistic about hitting its core income guidance of PHP12 billion this year despite the strictest lockdown measure against Delta variant of the coronavirus, as it gears up to offer vaccination services to the… Read More
Coco levy trust fund ‘powerful instrument’ to support farmers
August 4, 2021, 8:22 pm
MANILA – Finance Secretary Carlos Dominguez III has said the coco levy trust fund is a “powerful instrument” that will reinvent the coconut industry and ensure support for farmers amid the continuing decline of copra prices in the global market. Dominguez said while several measures have… Read More
Huawei to invest US$100-M in Asia Pacific startup ecosystem
August 4, 2021, 8:08 pm
SINGAPORE – Huawei announced on Tuesday its plan to invest USD100 million in startup support at the inaugural Huawei Cloud Spark Founders Summit, which took place simultaneously in Singapore and Hong Kong. Huawei said the investment would go towards its Spark Program in the Asia Pacific… Read More
Gov't has available funds for ECQ-affected residents in NCR
August 4, 2021, 7:49 pm
MANILA – The government has enough budget to extend subsidies to people who will be affected by the imposition of the enhanced community quarantine (ECQ) from Aug. 6 to 20 in the National Capital Region (NCR). In a Viber message to journalists on Wednesday, Finance Secretary Carlos Dominguez… Read More
Stocks rise on positive corporate earnings results; peso slips
August 4, 2021, 5:55 pm
MANILA – The local main equities index gained anew on Wednesday partly on positive domestic corporate earnings reports but the peso weakened against the US dollar. The Philippine Stock Exchange index (PSEi) rose by 0.38 percent, or 25.15 points, to 6,585.21 points. All Shares followed with a… Read More
TDF rates post mixed results amid strong demand
August 4, 2021, 5:51 pm
MANILA – The rates of the Bangko Sentral ng Pilipinas’ (BSP) term deposit facility moved to different ways anew this week despite the strong demand for the facilities. Data released by the central bank showed that the average rate of the seven-day facility rose again and ended the day at… Read More
Insurance group releases P375-M Covid-19-related claims
August 4, 2021, 4:48 pm
MANILA – Insurance claims related to the coronavirus disease 2019 (Covid-19) have reached about PHP375 million so far for AIA-Philam Life. In a virtual briefing on Wednesday, AIA Philam Life chief marketing officer Leo Tan said the amount was released from March 2020 until July of this year and… Read More
PEZA investment approvals up 8.52% in first half of 2021
August 3, 2021, 7:44 pm
MANILA – The Philippine Economic Zone Authority (PEZA) reported on Tuesday an 8.52-percent increase in its approved investments for the first half of the year. “PEZA remains true to its mandate of promoting investments, creating employment, generating exports, and attaining total economic… Read More
10-yr T-bond rate moves sideways
August 3, 2021, 7:07 pm
MANILA –The country’s 10-year Treasury bond (T-bond) rate moved sideways on Tuesday on expected steady inflation for July. The average rate of the debt paper moved to 3.914 percent, lower than the 4-percent coupon rate when it was first auctioned last July 21. The Bureau of the Treasury… Read More
Positive local news lifts equities index, peso
August 3, 2021, 7:04 pm
MANILA – Risk-on sentiments reigned in both the local bourse and foreign currency trading on Tuesday, lifting both the main equities index and the peso. The Philippine Stock Exchange index (PSEi) rose by 1.76 percent, or 113.75 points, to 6,560.06 points. All Shares increased by 1.39… Read More
