Business
Trade, manufacturing activities: green shoots of recovery growing
June 8, 2021, 4:31 pm
MANILA – Green shoots in the Philippine economy, such as improvements in trade and manufacturing activities, are expected to get a further boost from medical and other measures, the Department of Finance (DOF) said. In an economic bulletin released Tuesday, the DOF said the increase in… Read More
Alibaba Cloud building first data center in PH
June 8, 2021, 4:29 pm
MANILA – Filipino professionals in the digital technology industry can expect employment opportunities as Alibaba Cloud, the digital intelligence backbone of Alibaba Group, eyes to build its first data center in the Philippines by the end of this year. In a virtual media interview on Tuesday,… Read More
Property demand seen to boost jobs in Cebu’s ‘call center hub’
June 8, 2021, 4:26 pm
CEBU CITY – Cebu has sustained its spot as one of the promising real estate markets in the Visayas, with economic recovery expected to generate more jobs as it drives up property demand moving forward, an industry official said. “The Cebu property market remains to be one of the bright spots… Read More
119 biz establishments get Bagwis seals in Soccsksargen
June 8, 2021, 4:22 pm
GENERAL SANTOS CITY – Some 119 business establishments in Region 12 (Soccsksargen) have received the Bagwis Seal of Excellence for upholding the rights of consumers and practicing responsible business. Jude Constantine Jaugan, Department of Trade and Industry (DTI)-Region 12 director, said… Read More
Economist eyes slower inflation starting this month
June 7, 2021, 6:57 pm
MANILA – An economist forecasts a decline in domestic inflation rate in June 2021 and a return to within the 3-5 percent target band in July after a steady rate of 4.5 percent in the last three months. In a report dated June 7, ING Bank Manila chief economist Nicholas Mapa said base effects… Read More
Stocks index down on profit-taking; peso keeps footing
June 7, 2021, 6:51 pm
MANILA – The local main stocks gauge ended the week’s first trading day in the negative territory due to profit-taking but the local currency closed sideways against the greenback. The Philippine Stocks Exchange index (PSEi) declined by 0.48 percent, or 32.42 points, to 6,763.92… Read More
D&L Industries exec says workers now willing to get vaccinated
June 7, 2021, 5:40 pm
MANILA – D&L Industries, Inc., a specialty foods ingredients, plastics and oleochemicals firm, has procured coronavirus disease 2019 (Covid-19) vaccines for its employees as more of them are now willing to get inoculated. In a virtual press briefing Monday, D&L president Alvin Lao said already… Read More
T-bill rates fall on high demand, vax program
June 7, 2021, 5:35 pm
MANILA – The rates of treasury bills (T-bills) slipped across the board on Monday partly due to the positive effects of the government’s coronavirus disease 2019 (Covid-19) vaccination program, National Treasurer Rosalia de Leon said. The average rate of the 91-day paper declined to 1.176… Read More
Oil prices up for 2 straight weeks
June 7, 2021, 4:21 pm
MANILA – Oil prices are going up anew effective Tuesday, marking the second consecutive week of an increase. In separate advisories, Caltex, Cleanfuel, Petro Gazz, PTT Philippines, Seaoil, and Shell said they will hike gasoline prices by PHP0.20 per liter and diesel by PHP0.50 per… Read More
Cebu barangays, SMEs to benefit in telco firm fiber expansion
June 7, 2021, 3:02 pm
CEBU CITY – Telecommunications firm Converge ICT Solutions Inc. is seeing a boost in fiber connection in Cebu barangays as it sets its sights on the small and medium enterprise (SME) market for its expansion program. “We’ve already hit the ground running when we had our soft launch in… Read More
Cebu businessmen oppose proposed water hike
June 7, 2021, 1:44 pm
CEBU CITY – The Cebu Chamber of Commerce and Industry (CCCI) on Monday said it has strongly opposed the proposed water price hike of Metropolitan Cebu Water District (MCWD). ”Being the voice of the business community of Cebu and yet taking on interests of public welfare, CCCI believes that… Read More
A4 vax ‘shot in the arm’ for workers, economic recovery: DTI
June 7, 2021, 1:11 pm
MANILA – Department of Trade and Industry (DTI) Secretary Ramon Lopez said the start of vaccination for the A4 group will boost the country’s inoculation program and economic recovery. During the ceremonial vaccination for A4 group in Pasay City Monday, Lopez thanked the Inter-Agency Task… Read More
Tackling pandemic must remain priority, business leaders to APEC
June 6, 2021, 4:04 pm
JAKARTA – Unrestricted trade in vaccines and medical supplies can help tackle the continued impact of the coronavirus disease 2019 (Covid-19) pandemic, which must remain a priority, Asia-Pacific business leaders told APEC trade ministers during a dialogue. The dialogue on Friday was… Read More
FIRB adopts framework for investment perks applications
June 6, 2021, 2:21 pm
MANILA – The Fiscal Incentives Review Board (FIRB) has adopted the framework for the grant of incentives to qualified industries under the government’s Strategic Investment Priorities Plan (SIPP) that aims to attract high-value, labor-intensive investments that will create more jobs and… Read More
48 C. Visayas entrepreneurs finish DTI’s mentoring program
June 4, 2021, 7:55 pm
CEBU CITY – A total of 48 entrepreneurs from Central Visayas have graduated from the multi-sectoral batch of the Kapatid Mentor Micro Entrepreneurs-Money Market Encounter (KMME-MME) program of the Department of Trade and Industry (DTI). The project is in partnership with the Philippine Center… Read More
PH stocks index, peso end sideways on steady inflation rate
June 4, 2021, 7:44 pm
MANILA – Both the Philippines’ main stocks index and the peso ended the week sideways partly on the steady inflation print in the country, at 4.5 percent for May 2021. The Philippine Stock Exchange index (PSEi) gained 0.07 percent, or 4.47 points, to 6,796.34 points. All Shares rose by 0.11… Read More
BOI invites Japanese pharma firms to invest in PH
June 4, 2021, 2:55 pm
MANILA – The Board of Investments (BOI) said on Friday it is keen to invite Japanese pharmaceutical companies to invest in the Philippines. In a statement, Trade Undersecretary and BOI managing head Ceferino Rodolfo said they recently met with Kansai Pharmaceutical Industries Association (KPIA)… Read More
Slower food, transport inflation balances upticks in other groups
June 4, 2021, 2:29 pm
MANILA – The deceleration of food and transport inflation last May is seen as the main factor for the steady, yet elevated, rate of price increases in the Philippines. In a virtual briefing on Friday, National Statistician Dennis S. Mapa said inflation of food and non-alcoholic beverages, which… Read More
Pork tariff reduction key to PH inflation deceleration: BSP
June 4, 2021, 10:43 am
MANILA – The deceleration of the domestic inflation rate, which is steady at 4.5 percent last May, depends on the normalization of pork supply with the help of the temporary tariff cut on imported pork. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno, in a message to reporters on… Read More
Economist sees PH gov't debt to remain sustainable
June 3, 2021, 8:56 pm
MANILA – Higher financing requirements brought about by the pandemic increased the national government’s liabilities but an economist believes that as long as credit level is kept within the international threshold then debt remains sustainable. The Bureau of the Treasury (BTr) on Thursday… Read More
