Business
DTI expects rosy Q2 performance despite quarantine restrictions
July 2, 2021, 3:35 pm
MANILA – Latest economic figures point to better economic performance for the second quarter of the year despite stricter community quarantine status, the Department of Trade and Industry - Board of Investments (DTI-BOI) said in a statement. Trade Secretary and BOI Chairman Ramon Lopez has… Read More
PH agri trade improves in Q1 '21, DA aims continuity
July 2, 2021, 3:06 pm
MANILA – The Philippine Statistics Authority (PSA) has recorded positive growth in the country’s total agricultural trade in the first quarter of 2021. The total agriculture trade for the months of January to March amounted to USD4.92 billion, an increase of 5.5 percent at an annual rate. In… Read More
Diokno cites whole-of-government approach to exit from gray list
July 1, 2021, 7:25 pm
MANILA – Demonstrating the effectiveness of policies, not just enactment of laws that fight money laundering and terrorist financing, is needed for the Philippines to be removed from the gray list of the Financing Action Task Force (FATF). Bangko Sentral ng Pilipinas (BSP) Governor Benjamin… Read More
PH stocks start H2 up; peso weakens
July 1, 2021, 7:19 pm
MANILA – Philippine shares started the second half of the year up on hopes for an economic rebound but the peso weakened to the 49-level against the US dollar. The Philippine Stock Exchange index (PSEi) gained 0.90 percent, or 62.10 points, to 6,964.01 points. All Shares rose by 0.73 percent,… Read More
Guidelines on crafting better regulations launched
July 1, 2021, 6:32 pm
MANILA – The Anti-Red Tape Authority (ARTA) launched Thursday the Philippine Good Regulatory Principles (PGRP) that will serve as guidelines for regulators to ensure that the policies they will make are efficient and will not just add bureaucratic layers in government offices. The PGRP is a… Read More
Customs posts P5-B collection surplus in June
July 1, 2021, 5:43 pm
MANILA – The Bureau of Customs (BOC) on Thursday reported that it has collected a total of PHP52.447 billion in June, posting an 11.2 percent surplus. Based on the preliminary report from the BOC Financial Service, the bureau said the amount is higher by PHP5.272 billion than last month's target… Read More
13 Cebu ecozone firms get ‘safety seal’ from DOLE
July 1, 2021, 5:38 pm
CEBU CITY – The Department of Labor and Employment (DOLE) has awarded 13 export companies in Lapu-Lapu City registered with the Philippine Economic Zone Authority-Mactan Economic Zone (PEZA-MEZ) with safety seal certificates. The economic zone locators were found compliant with the minimum… Read More
PH manufacturing rebounds in June
July 1, 2021, 5:28 pm
MANILA – Manufacturing conditions in the Philippines have rebounded towards the end of the second quarter, the IHS Markit Philippines Manufacturing Purchasing Managers’ Index (PMI) reported Thursday. The manufacturing index for June settled at 50.8 from 49.9 in May. Scores above 50 indicate… Read More
Agri-business tops trade amid pandemic: Cebu biz leaders
July 1, 2021, 3:36 pm
CEBU CITY – Agriculture-based businesses topped other enterprises seen to have continuously led micro, small and medium (SMEs) ventures toward success in the new normal, Cebu trade leaders said on Thursday. In a virtual coffee table discussion hosted by the Cebu Chamber of Commerce and Industry… Read More
PH economy ‘on the mend’ as unemployment eases
July 1, 2021, 12:46 pm
MANILA – The country’s top economic managers said the easing of the unemployment rate and the generation of quality jobs for May this year point to improving economic conditions. The Labor Force Survey for May 2021 showed that the unemployment rate in May 2021 eased to 7.7 percent from 8.7… Read More
May ’21 unemployment rate 2nd lowest during pandemic
July 1, 2021, 12:31 pm
MANILA – The country logged its second-lowest unemployment rate in May 2021 amid the coronavirus disease 2019 (Covid-19) pandemic, the Philippine Statistics Authority (PSA) reported Thursday. In a press conference, National Statistician and Civil Registrar General Dennis Mapa said the… Read More
Cooking gas up by P57 per 11-kilo tank starting July 1
July 1, 2021, 12:25 pm
MANILA – Consumers would have to pay more for cooking gas as firms welcomed July with a big-time hike on prices of liquefied petroleum gas (LPG). In separate advisories, Petron and Phoenix LPG Phils., Inc. increased their LPG prices by PHP5.20 per kilogram while Solane-branded LPG went up by… Read More
Siquijor strengthens recovery program with long-term investments
June 30, 2021, 8:11 pm
DUMAGUETE CITY – The provincial government of Siquijor is strengthening its recovery program through long-term local investments as the country continues to grapple against the challenges brought about by the coronavirus disease 2019 (Covid-19) pandemic. Siquijor province is set to open soon its… Read More
BSP eyes June inflation between 3.9-4.7%
June 30, 2021, 7:05 pm
MANILA – Higher petroleum products prices and power rates in areas serviced by the Manila Electric Company (Meralco) are expected as upside risks to this month’s inflation, which is projected to stay between 3.9 to 4.7 percent. In a Viber message to journalists on Wednesday, Bangko Sentral… Read More
Concerns on new Covid-19 variant weaken PH stocks, peso
June 30, 2021, 6:35 pm
MANILA – The Philippine Stock Exchange index (PSEi) ended Wednesday in the negative territory on concerns regarding the coronavirus disease 2019 (Covid-19) Delta variant and the local currency followed. After several days of rally, the stock barometer slipped by 0.79 percent, or 54.74 points,… Read More
SEC clears Saint Pio’s Medical Center IPO
June 30, 2021, 6:19 pm
MANILA – The Securities and Exchange Commission (SEC) has considered favorably the initial public offering (IPO) of Saint Pio’s Medical Center, Inc. (SPMCI) for up to PHP480 million. In its meeting on June 29, the Commission en banc resolved to render effective SPMCI’s registration… Read More
TDF rates post mixed results
June 30, 2021, 6:12 pm
MANILA – The rate of the Bangko Sentral ng Pilipinas’ (BSP) seven-day term deposit facility (TDF) slipped anew on Wednesday but it was steady for the 14-day facility even as both tenors attracted huge demand. Data released by the central bank showed that the average rate of the shorter… Read More
Food maker creates more jobs with expansion amid pandemic
June 30, 2021, 5:46 pm
MANILA – Leading food manufacturer Century Pacific Food Inc. (CNPF) is implementing a vaccination program in its workplace as it hires more workers to support its expansion here and overseas despite the pandemic. “Amidst the pandemic, not only did we retain jobs, but we created new ones as… Read More
Gov’t, biz groups target to generate 1M jobs by year-end
June 30, 2021, 4:04 pm
MANILA – With six months left for 2021, several government agencies and business groups have signed a manifesto to generate 1 million jobs by the end of this year. At the closing ceremony of the 42nd National Conference of Employers Wednesday, both the public and private sectors vowed to… Read More
ARTA vows to further ease doing biz, cut red tape in gov’t
June 30, 2021, 3:55 pm
MANILA – Heeding the call of President Rodrigo Duterte to reduce time when transacting with any public offices, the Anti-Red Tape Authority (ARTA) has vowed to continue reforms to ease doing business and cut too much bureaucracy in all government agencies and local government units (LGUs). The… Read More
