Business
30th Visayas biz conference to focus on post-pandemic solutions
June 28, 2021, 3:27 pm
BACOLOD CITY – Some 30 business chambers from across the Visayas will be hosted by the Roxas City-based Capiz Halaran Chamber of Commerce and Industry during the 30th Visayas Area Business Conference (VABC) on July 29 and 30. Organized with the Philippine Chamber of Commerce and Industry… Read More
BPOs to continue driving demand for office spaces
June 27, 2021, 4:02 pm
MANILA – Demand for office spaces is expected to remain stable and resilient, with the business process outsourcing (BPO) sector leading the growth in the Philippines amid global uncertainty brought about by the coronavirus disease 2019 (Covid-19) pandemic, according to Jones Lang LaSalle… Read More
Gov’t sets up coco levy asset registry
June 27, 2021, 2:02 pm
MANILA – Pursuant to its mandate under Republic Act 11524, the government has set up the coco levy asset registry to monitor the status of the assets, including their fruits, acquired through the multibillion-peso coconut levy fund. RA 11524 created the Trust Fund Management Committee (TFMC) to… Read More
DOF, DTI sign CREATE IRR ahead of 90-day deadline
June 25, 2021, 8:28 pm
MANILA – Finance Secretary Carlos Dominguez III and Trade and Industry Secretary Ramon Lopez have signed last June 21 the implementing rules and regulations (IRR) of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, more than two weeks ahead of the July 10, 2021 deadline… Read More
Largest fast food chain optimistic of 2022 economic recovery
June 25, 2021, 7:58 pm
MANILA – The country’s largest fast food chain is confident that economic recovery is underway this year and even stronger in 2022. Jollibee Foods Corp. chairman Tony Tancaktiong said during the company’s annual stockholders’ meeting Friday that the company is “encouraged and confident… Read More
BSP awards 28-day securities in full at higher rate
June 25, 2021, 7:12 pm
MANILA – The Bangko Sentral ng Pilipinas (BSP) awarded on Friday its 28-day securities in full at a higher yield compared to the previous auction. “The BSP continued to offer PHP100 billion worth of 28-day bills which was awarded in full amid good demand from market participants,” BSP… Read More
Stocks, peso finish strong this week
June 25, 2021, 5:40 pm
MANILA – Both the local stock market and currency closed this week strong after the central bank kept its key policy rate at a record low of 2 percent and the expected arrival of more coronavirus disease 2019 (Covid-19) vaccines in the country. On Friday, the Philippine Stock Exchange index… Read More
BSP sees more foreign investments in digital banking
June 25, 2021, 4:52 pm
MANILA – The Bangko Sentral ng Pilipinas (BSP) is seeing more investment inflows from foreign banks for digital banking in the country. Governor Benjamin Diokno said in a press conference Friday that since the start of the country's digital banking framework in December 2020, the central bank… Read More
Employers’ group cites Noynoy's policies on labor, OFWs
June 25, 2021, 2:44 pm
MANILA – The Employers’ Confederation of the Philippines (ECOP) on Friday recalled how former President Benigno Aquino III contributed to the betterment of the welfare of the workforce. In a statement, ECOP cited labor-related laws passed during the Aquino administration that became… Read More
ARTA targets LGUs to automate biz one-stop shop in 2022
June 25, 2021, 11:48 am
MANILA – The Anti-Red Tape Authority (ARTA) targets all 1,600 local government units (LGUs) to have their electronic Business One-Stop Shop (e-BOSS) before the end of the Duterte administration. "It's very possible that, at the end of the term of our President, we will have all our LGUs… Read More
Economists eye steady BSP rate this year, cut in RRR
June 24, 2021, 8:18 pm
MANILA – Economists forecast the Bangko Sentral ng Pilipinas (BSP) to keep key rates steady this year to help lift the domestic economy and reduce banks’ reserve requirement ratio (RRR) once inflation stabilizes. In a report released after the central bank announced that its policy-making… Read More
Stocks down; peso closes sideways
June 24, 2021, 8:02 pm
MANILA – The Philippine Stock Exchange index (PSEi) slipped on Thursday, while the local currency traded sideways against the US dollar. The PSEi finished the day at the 6,886 level after declining by 32.41 points from Wednesday’s trading. All shares settled at 4,199.89 points, lower by 3.70… Read More
Demand for residential property picking up
June 24, 2021, 7:59 pm
MANILA – The demand for residential property has continued to pick up since last year’s dip as more investors take advantage of promotional payment terms in anticipation of market recovery from the pandemic, a property expert said. During the virtual The ViCon event Thursday, Leechiu Property… Read More
Monetary execs raise inflation forecast to 4%
June 24, 2021, 7:33 pm
MANILA – Higher oil prices in the international market resulted in the upward revision in the Bangko Sentral ng Pilipinas’ (BSP) average inflation forecast for this year. In a briefing streamed through the central bank’s Facebook page on Thursday, BSP Deputy Governor Francisco Dakila Jr.… Read More
DOF chief, biz groups recall Aquino admin’s economic reforms
June 24, 2021, 7:30 pm
MANILA – Finance Secretary Carlos Dominguez III and business groups have recalled the economic reforms done during the administration of former president Benigno Aquino III, who passed away Thursday morning. In a text message to reporters, Dominguez cited that the Tax Incentives Management and… Read More
BSP keeps key rates steady to help boost sustainable recovery
June 24, 2021, 5:26 pm
MANILA – Philippine monetary officials on Thursday kept the Bangko Sentral ng Pilipinas (BSP) key rates steady, a decision that leans on the commitment to help buoy the domestic economy from the impact of the pandemic. Thus, the BSP’s overnight reverse repurchase (RRP) rate is still at a… Read More
Vax, e-commerce drive demand for warehouses
June 24, 2021, 5:07 pm
MANILA – The coronavirus disease 2019 (Covid-19) pandemic has accelerated the demand for spaces in the industrial and logistics sector with the need for more warehouses for vaccines, and the growing e-commerce sector. KMC Savills chief operating officer Cha Carbonell said Thursday that demand… Read More
IPOPHL, INTA partner for heightened anti-counterfeiting drive
June 24, 2021, 4:07 pm
MANILA – The Intellectual Property Office of the Philippines (IPOPHL) has inked a memorandum of understanding (MOU) with the International Trademark Association (INTA) to fight counterfeiting by improving the capacities and awareness of the youth, businesses, online platforms, and national… Read More
Legazpi No. 1 in local tax generation among cities
June 24, 2021, 2:50 pm
LEGAZPI CITY – The city government here is set to receive an award from the Bureau of Local Government Finance (BLGF) for being No.1 on the list of top-performing cities in the country in terms of local revenue generation/collection. The city exceeded by 161.2 percent the targeted tax collection… Read More
Lending firms warned of closure for failure to register apps
June 24, 2021, 1:43 pm
MANILA – The Securities and Exchange Commission (SEC) will revoke the licenses of lending and financing companies, which continue to fail to register and disclose their online lending platforms (OLP). The Commission issued the stern warning in a notice dated June 22, as it continues to cleanse… Read More
