Business
Transco aims to help fund PH Covid-19 response
July 13, 2021, 8:01 pm
MANILA – The National Transmission Corp. (Transco) is studying the possibility of remitting all of its 2020 net earnings to the Bureau of the Treasury (BTr) as its dividend contribution to help fund the government’s coronavirus disease 2019 (Covid-19) response programs. In a letter to Finance… Read More
PH population growth on ‘downtrend’: PSA
July 13, 2021, 7:51 pm
MANILA – The Philippine population growth continues at a slower pace as more Filipinos prefer smaller family sizes, the Philippine Statistics Authority (PSA) reported on Tuesday. Citing results of the 2020 Census of Population and Housing, PSA Undersecretary and National Statistician Dennis Mapa… Read More
Stocks slip on Fitch revision of PH outlook; peso hits 49-level
July 13, 2021, 6:00 pm
MANILA – The local main equities index fell on Tuesday partly on the outlook change by Fitch Rating on the country’s credit rating but the peso managed to strengthen against the US dollar after climbing to 49-level mid-trade. The Philippine Stock Exchange index (PSEi) lost by 1.72 percent,… Read More
Private sector vax donation may no longer be needed
July 13, 2021, 5:54 pm
MANILA – Presidential Adviser for Entrepreneurship Joey Concepcion said he was told by vaccine czar Carlito Galvez Jr. that the vaccines against coronavirus disease 2019 (Covid-19) to be donated by the private sector may no longer be needed as the national government receives ample supply of… Read More
Sales of local automakers rise 56% in first half 2021
July 13, 2021, 5:51 pm
MANILA – Sales of the local automotive industry during the first semester of the year rose by 56.1 percent to 132,767 units from 85,041 units in the same period a year ago, the joint report of the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers… Read More
BTr partially awards 20-year T-bond
July 13, 2021, 5:48 pm
MANILA – The Bureau of the Treasury (BTr) on Tuesday partially awarded the new 20-year Treasury bond (T-bond) which fetched a coupon rate of 5.125 percent. “This is aligned with movement in secondary levels with curve extension,” National Treasurer Rosalia de Leon told journalists in a… Read More
Private sector to start receiving AstraZeneca vax
July 13, 2021, 4:16 pm
MANILA – The first batch of AstraZeneca vaccine ordered by the private sector will arrive on Friday morning via Thai Airways, Presidential Adviser for Entrepreneurship Joey Concepcion said. In a television interview Tuesday, Concepcion said a total of 1.17 million doses of vaccine against… Read More
Minimal rise in PH credit cost seen after rating outlook change
July 13, 2021, 4:12 pm
MANILA – An economist forecasts “some adjustments on the risk premiums” on the Philippines following Fitch Ratings’ decision on Monday to change from stable to negative its outlook on the economy’s BBB credit rating. In a reply to e-mailed questions from PNA, Rizal Commercial Banking… Read More
Natural gas prices far higher than expected in global markets
July 13, 2021, 2:05 pm
ANKARA – A surge in natural gas prices on the global market has emerged from rising carbon prices in Europe, a drop in gas from pipelines and a contraction in liquefied natural gas (LNG) capacity as well as the coronavirus epidemic, a visiting lecturer at Bilkent University Energy Policy… Read More
CREATE law, opening of economy boost PH's net FDIs
July 12, 2021, 8:30 pm
MANILA – An economist has attributed the rise of foreign direct investments (FDIs) in the country in April 2021 to the implementation of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law and the opening of the economy. The Bangko Sentral ng Pilipinas (BSP) on Monday… Read More
T-bill rates up on weaker peso
July 12, 2021, 7:58 pm
MANILA – The rates of Treasury bills (T-bills) rose on Monday following the weakening of the peso to PHP50-level against the US dollar. The average rate of the 91-day paper increased to 1.068 percent, the 182-day to 1.384 percent, and the 364-day to 1.593 percent. These were at 1.044 percent,… Read More
PSEi up tracking US counterparts; peso moves sideways
July 12, 2021, 7:17 pm
MANILA – The Philippine Stock Exchange index (PSEi) started the week up after tracking its US counterparts while the peso ended the trade sideways against the greenback. The main equities index rose by 1.16 percent, or 78.95 points, to 6,913.87 points. All other counters mirrored the main… Read More
PH oxygen makers urged to export to Indonesia
July 12, 2021, 7:07 pm
MANILA – As Indonesia faces a shortage of medical oxygen due to the surge of coronavirus disease 2019 (Covid-19) cases, Department of Trade and Industry (DTI) Secretary Ramon Lopez said at least two Philippine oxygen manufacturers can export to the neighboring country. During a press conference… Read More
Roque urges Bohol coops to go into healthcare provider biz
July 12, 2021, 7:03 pm
TAGBILARAN CITY – Presidential spokesperson Harry Roque has challenged cooperatives in Bohol province to engage into the healthcare business to fill the gap in hospital and medical industry as the country starts to implement the Universal Health Care Law (UHCL). During the consultative… Read More
Ayala Group aids health front-liners, residents affected by Taal
July 12, 2021, 6:15 pm
MANILA – The Ayala Group has provided assistance to at least three hospitals in Metro Manila, as well as to communities affected by the Taal Volcano's restiveness. Connectivity support, entertainment package, and cash assistance were given to the Philippine General Hospital (PGH), National… Read More
C. Visayas biz leader bucks MECQ extension in NegOr
July 12, 2021, 5:16 pm
DUMAGUETE CITY – The regional director of the Philippine Chamber of Commerce and Industry (PCCI) in Central Visayas on Monday said an extension of the modified enhanced community quarantine (MECQ) in Negros Oriental will further push daily wage earners and the marginalized sector into depressing… Read More
Cebu’s IT-BPM sector ‘more resilient’ amid pandemic
July 12, 2021, 4:59 pm
CEBU CITY – Cebu’s information technology-business process management (IT-BPM) industry has proven itself to be among the resilient sectors here even as the economy continues to reel from the coronavirus disease 2019 (Covid-19) pandemic. Such observation was shared by Aseem Roy, country head… Read More
No letup: Gasoline, diesel prices to go up anew Tuesday
July 12, 2021, 4:49 pm
MANILA – Oil firms have announced another round of fuel price hikes starting Tuesday. Caltex, Cleanfuel, Petro Gazz, PTT Philippines, Seaoil, Shell, and Total will implement a big-time price increase on gasoline prices at PHP1.15 per liter and diesel by PHP0.60 per liter. Companies have been… Read More
Standards for Pinoy cuisine meant for int’l promotion: DTI
July 12, 2021, 2:11 pm
MANILA – The Department of Trade and Industry (DTI) said Monday the initiative on standardization of Filipino dishes is meant for international promotion. The DTI made the clarification as it is developing a Philippine National Standards (PNS) for Filipino dishes such as adobo, sinigang, sisig,… Read More
Dominguez orders BOC to look out for possible sugar smuggling
July 12, 2021, 1:09 pm
MANILA – Finance Secretary Carlos Dominguez III has instructed the Bureau of Customs (BOC) to be on the lookout for possible smuggling of sugar, following reports that certain traders have been exporting the commodity and replacing them with import volumes much bigger than what they had been… Read More
