Business
IT upskilling crucial for PH firms become globally competitive
May 26, 2021, 8:07 pm
MANILA – Authorities from the government and the private sector are one in citing the importance of upskilling people’s technological expertise to make Filipino firms become globally competitive in the present times. During the virtual groundbreaking ceremony for the Union Bank of the… Read More
SEC wins global award for advocating good corporate governance
May 26, 2021, 7:59 pm
MANILA – The Securities and Exchange Commission (SEC) is this year’s recipient of the Global Good Governance (3G) Advocacy and Commitment to Corporate Governance Award. London-based Cambridge International Financial Advisory recognized the SEC for championing good governance in the Philippine… Read More
BSP’s TDF rates end mixed anew amid ample liquidity
May 26, 2021, 7:32 pm
MANILA – High domestic liquidity situation continues to drive demand for the Bangko Sentral ng Pilipinas’ (BSP) term deposit facility (TDF) but rates again posted mixed results on Wednesday. Data released by the central bank showed that the average rate of the seven-day facility slipped… Read More
Peso almost unchanged; stocks rise on bargain hunting
May 26, 2021, 6:49 pm
MANILA – The Philippine Stock Exchange index (PSEi) rose Wednesday on bargain hunting while the peso ended the day sideways against the US dollar. The main equities index rose by 2.33 percent, or 144.53 points, to 6,341.24 points. All the other counters tracked the main gauge, with All… Read More
Accessible financing needed for renewable energy to grow in PH
May 26, 2021, 5:17 pm
MANILA – An accessible financing is important for the growth of the renewable energy (RE) sector in the country as interest for using RE is rising among Filipino consumers, a solar energy firm executive said. At the virtual Roundtable @ Lido Wednesday, WeGen Laudato Si' (WGLS) president Charlie… Read More
Nasecore opposes House inquiry on NEA
May 26, 2021, 4:03 pm
MANILA – Electricity consumer advocacy group, National Association of Electricity Consumers for Reforms, Inc. (Nasecore), has opposed the House Resolution 1776 that urged lawmakers to conduct an inquiry on the alleged overreach of the National Electrification Administration (NEA) on the… Read More
Victorias Milling to vaccinate over 2K NegOcc workers
May 26, 2021, 3:23 pm
BACOLOD CITY – Sugar manufacturer Victorias Milling Company (VMC) Inc. is set to vaccinate its more than 2,000 employees and service providers in Negros Occidental against coronavirus disease 2019 (Covid-19) with the expected arrival of its purchased jabs in June. “The safety and well-being of… Read More
Number of closed stores decline as lockdown measures ease
May 26, 2021, 1:03 pm
MANILA – Department of Trade and Industry (DTI) Secretary Ramon Lopez said the number of businesses that closed their operations due to community quarantine restrictions has declined as the government gradually reopened economic activities. In a speaking engagement Wednesday, Lopez estimated… Read More
Capital markets to lead PH economic recovery: DOF chief
May 25, 2021, 8:31 pm
MANILA – Finance Secretary Carlos Dominguez III said Tuesday the reforms being initiated and pushed by the Duterte administration to further deepen the Philippines’ capital markets will let the economy emerge stronger and more resilient in the aftermath of the prolonged coronavirus disease… Read More
Raising vax priorities to boost gains from reopening economy
May 25, 2021, 8:27 pm
MANILA – Inclusion of more people in the priority groups of the government’s coronavirus disease 2019 (Covid-19) vaccination program is expected to boost gains from the reopening of the economy and help increase state revenues. In a report on Tuesday, Rizal Commercial Banking Corporation… Read More
Tapping tech to drive insurance sector's growth
May 25, 2021, 8:23 pm
MANILA – An executive of the Insurance Commission (IC) has highlighted the importance for insurance companies to leverage on technology, among others, to boost their sales during the pandemic and drive the sector’s growth. In a webinar jointly hosted by the Department of Finance (DOF), IC,… Read More
Private sector-led projects to help MSME digitalization launched
May 25, 2021, 6:49 pm
MANILA –The private sector aims for more micro, small and medium enterprises (MSMEs) to use digital technology to help their business operations amid the pandemic. In a statement Tuesday, the Philippine Disaster Resilience Foundation (PDRF) and the Aboitiz Foundation said they launched new… Read More
Peso ends sideways as stocks recover on rebound of tech shares
May 25, 2021, 6:09 pm
MANILA – A rebound of tech shares in the region helped the Philippine Stock Exchange index (`PSEi) recover on Tuesday but the peso ended the day sideways after weakening to 48-level Monday. The main stocks gauge rose by 0.52 percent, or 31.82 points, to 6,196.71 points. All Shares followed… Read More
Fisheries earnings hit P200-M in 2020
May 25, 2021, 4:58 pm
MANILA – The Philippine Fisheries Development Authority (PFDA) has recorded significant growth in its operating income in 2020. The PFDA, a government office endowed with corporate powers by the Department of Agriculture (DA), shared its database showing a 9.32 percent increase of operating… Read More
Palace optimistic about recovery of PH economy
May 25, 2021, 4:49 pm
MANILA – Malacañang expressed confidence on Tuesday that the Philippine economy will recover despite the recent stricter quarantine measures in Metro Manila and its nearby provinces due to the spike in the coronavirus disease 2019 (Covid-19) infections. “Puwede pang maka-recover (We can still… Read More
ARTA eyes one-stop shop at Matnog Port to cut red tape
May 25, 2021, 3:25 pm
MANILA – The Anti-Red Tape Authority (ARTA) aims to open a one-stop shop at Matnog Port in Sorsogon to address the alleged corruption in the seaport. In a statement Tuesday, ARTA said it received numerous reports of congestions at the port that lead to extortions. “According to reports… Read More
Stocks, peso weaken on US inflation concerns
May 24, 2021, 6:02 pm
MANILA – The Philippine Stock Exchange index (PSEi) ended Monday in the negative territory, still partly on concerns about the US inflation rate while the peso weakened to the 48-level against the greenback. The main stock gauge slipped by 0.55 percent, or 34.36 points, to 6,164.89… Read More
DPWH, SMC open Skyway Stage 3 Quirino southbound exit
May 24, 2021, 4:56 pm
MANILA – San Miguel Corporation (SMC), through SMC Infrastructure, opened Monday the southbound Quirino exit of the Skyway Stage 3 elevated expressway to Class-1 vehicles, allowing motorists coming from Balintawak and Quezon Avenue to directly reach Manila within less than 20 minutes from 1.5… Read More
DOE to review Malampaya deal between Udenna, Shell
May 24, 2021, 4:41 pm
MANILA – Department of Energy (DOE) Secretary Alfonso Cusi said Monday his office will still review the transaction between a unit of Udenna Corp. and Shell Philippine Exploration B.V. (SPEX) on the Malampaya gas field. This, as SPEX sold its 45-percent stake in Malampaya to Udenna’s… Read More
Local investors prop up equities, fixed-income markets in Q1
May 24, 2021, 4:34 pm
MANILA – Trading in the equities and fixed-income markets remained robust in the first quarter of 2021, with local retail investors accounting for 74.3 percent of stock market transactions as of end-March, according to a report by the Philippine Stock Exchange (PSE) to the Capital Market… Read More
