Business
PH calls for public-private ties on vax, other medical needs
May 6, 2021, 5:14 pm
MANILA – Finance Secretary Carlos Dominguez III has underscored the need for public-private partnerships in the development and mass production of vaccines and other medical requirements to help end the prolonged coronavirus disease 2019 (Covid-19) pandemic. This kind of partnership will ensure… Read More
E-governance to lift PH score in Doing Business report: ARTA
May 6, 2021, 4:59 pm
MANILA – The Anti-Red Tape Authority expects that the automation of services and processes in government agencies will help the country to achieve a higher score in this year’s Ease of Doing Business (EODB) Report of the World Bank. In a Palace briefing Thursday, ARTA director general… Read More
Mandatory use of e-signature in gov’t offices eyed
May 6, 2021, 1:29 pm
MANILA – The Anti-Red Tape Authority (ARTA) is proposing to make the use of digital signatures mandatory in national government agencies (NGAs) and local government units (LGUs), its director general Jeremiah Belgica said. During the Ease of Doing Business Summit Thursday, Belgica urged NGAs… Read More
BARMM logs 4.7K approved biz registrations in Q1 2021
May 6, 2021, 10:05 am
COTABATO CITY – Despite the coronavirus disease 2019 (Covid-19) pandemic, the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) has approved a total of 4,740 business name registrations (BNRs) for the first quarter of this year. Records from the Bureau of Trade and Industry (BTI) under the… Read More
Cebu’s high power rates due to generation charge, others
May 5, 2021, 8:28 pm
CEBU CITY – Amid the public’s clamor to bring down the high power costs in Cebu, the Visayan Electric Co. Inc. (VECO), the biggest power distributor here, cited key factors that drive the seemingly high electricity bills of consumers. VECO president and chief operating officer Raul Lucero… Read More
PhilGuarantee loans to MSMEs rise to P1.47B in end-March
May 5, 2021, 8:21 pm
MANILA – The Philippine Guarantee Corporation (PhilGuarantee) has continued to grow its program for viable but pandemic-hit micro, small and medium enterprises (MSMEs) for the third straight month since its launch in December 2020, with a total of PHP1.47 billion in loans guaranteed as of… Read More
Dar keen on expanding agri exports to Germany
May 5, 2021, 8:06 pm
MANILA – Agriculture Secretary William Dar is looking to expand the country's agricultural imports, particularly coconut products, to Germany. In a virtual meeting on Wednesday, Dar met with German Ambassador to the Philippines Anke Reiffenstuel to discuss agricultural cooperation and trade… Read More
Ramp up pork imports needed to temper rising meat inflation
May 5, 2021, 7:41 pm
MANILA – The temporary reduction of pork tariffs and the increase of the minimum access volume (MAV) for imported pork are essential to immediately curb the rising pork inflation for the benefit of some 100 million Filipinos, the National Economic and Development Authority (NEDA) said. The… Read More
Peso firm vs. US dollar as stocks slip anew on elevated inflation
May 5, 2021, 7:02 pm
MANILA – The Philippine Stock Exchange index (PSEi) slipped for the fourth consecutive day on Wednesday while the peso touched the 47-level against the greenback. The main equities gauge lost 0.94 percent, or 59.46 points, to 6,299.69 points. All Shares declined by 0.62 percent, or 24.39… Read More
BSP term deposit facility rates decline anew
May 5, 2021, 6:31 pm
MANILA – High liquidity situation in the domestic economy resulted in another decline in the Bangko Sentral ng Pilipinas’ (BSP) term deposit facility (TDF) rates. The average rate of the seven-day facility fell to 1.7314 percent and the 14-day facility’s rate to 1.7486 percent, data… Read More
DTI eyes PH as AI powerhouse in region
May 5, 2021, 6:22 pm
MANILA – The Department of Trade and Industry (DTI) launched Wednesday the national artificial intelligence (AI) roadmap which made the Philippines be one of the first 50 countries in the world to have a national strategy and policy on AI. DTI Secretary Ramon Lopez said AI adoption can increase… Read More
Infra firm supports gov’t as PH recovering from pandemic
May 5, 2021, 5:37 pm
MANILA – Metro Pacific Investments Corporation (MPIC) has continued to extend its full support to the government amid the challenges caused by the pandemic as it ramps up expansion and enables economic growth from infrastructure development. “This meant keeping the lights on, delivering… Read More
BSP seen to keep key rates steady as inflation remains high
May 5, 2021, 5:32 pm
MANILA – The Bangko Sentral ng Pilipinas (BSP) is expected to keep its accommodative stance this 2021 since inflation is expected to remain elevated most of the year. In a report following the release of the April inflation rate on Wednesday, which was unchanged at 4.5 percent compared to the… Read More
CREATE law boosts chemical, food maker profit
May 5, 2021, 3:25 pm
MANILA – D&L Industries, Inc., a chemical and food manufacturer, has felt the impact of a lower corporate income tax (CIT) rate in its bottom line with the newly-enacted Corporate Recovery and Tax Incentives for Enterprises (CREATE) law. In a virtual press briefing Wednesday, D&L president… Read More
Full-year inflation seen to remain elevated
May 5, 2021, 2:24 pm
MANILA – Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno expects supply side pressures to result in elevated price increases this year as domestic inflation remained at 4.5 percent last month. Data released by the Philippine Statistics Authority (PSA) showed that average… Read More
PH inflation remains at 4.5% in April
May 5, 2021, 2:10 pm
MANILA – The country’s inflation rate remained at 4.5 percent in April as prices of some food items were lower, the Philippine Statistics Authority (PSA) reported on Wednesday. The average price increase of basic goods and services for the first four months of 2021 posted also at 4.5 percent.… Read More
PPE makers urge gov’t to set up stockpiling program
May 4, 2021, 7:13 pm
MANILA – Groups of personal protective equipment (PPE) manufacturers are urging the government to set up a program for stockpiling medical-grade PPE to ensure the availability of local supply of the products needed during pandemics. In a joint statement Tuesday, the Confederation of Wearable… Read More
Stocks index down on capital flights as peso steady vs. USD
May 4, 2021, 5:57 pm
MANILA – The Philippine Stock Exchange index (PSEi) dropped for the third consecutive day Tuesday as investors opted for safe haven assets while the peso remained on firm footing against the US dollar. The main equities index shed 0.16 percent, or 10.13 points, to 6,359.15 points. All… Read More
Include BPO workers in A4 group for Covid vax, PEZA asks IATF
May 4, 2021, 5:31 pm
MANILA – Philippine Economic Zone Authority (PEZA) director general Charito Plaza has requested the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF) to include workers in economic zones, particularly business process outsourcing (BPO) and other export-oriented… Read More
T-bond rate declines on strong demand
May 4, 2021, 4:46 pm
MANILA – The rate of five-year treasury bonds (T-bond) fell Tuesday amid strong demand for the debt paper, National Treasurer Rosalia de Leon said Tuesday. The average rate of the debt instrument slipped to 3.295 percent from 3.301 percent during the auction last April 6. The Bureau of the… Read More
