Business
Peso flat; stocks slip as investors take wait-and-see stance
April 27, 2021, 5:52 pm
MANILA – Investors’ wait-and-see stance on listed companies this earnings report season has resulted in the negative sentiments in the local bourse while the peso continued to show firmness against the US dollar. The Philippine Stock Exchange index (PSEi) shed 0.52 percent, or 32.91 points,… Read More
PH, Chile to kick off joint economic cooperation this year
April 27, 2021, 5:48 pm
MANILA – The Department of Trade and Industry (DTI) said Tuesday the Joint Economic Cooperation (JEC) between the Philippines and Chile will commence this year to strengthen trade and investment ties between the two nations. DTI Undersecretary Ceferino Rodolfo and Vice Minister for Trade of the… Read More
Cement industry seen to grow 12% this year
April 27, 2021, 3:28 pm
MANILA – A local cement manufacturer forecasts the industry will record a growth this year following a 10-percent decline in 2020. But Republic Cement president and chief executive officer Nabil Francis said last year’s actual drop in growth from 2019 level was lower than the forecasted… Read More
AboitizPower sees bullish prospects for 2021
April 27, 2021, 2:31 pm
MANILA – Despite the rise in coronavirus disease 2019 (Covid-19) cases that pushed for stricter community quarantine measures in Metro Manila and four nearby provinces, Aboitiz Power Corp. (AboitizPower) remains optimistic for its business for this year. “We are bullish about our prospects… Read More
Health protocols in place in gov't infra projects: DPWH chief
April 26, 2021, 8:36 pm
MANILA – Economic managers remain confident in a strong recovery for the Philippine economy this year, with health and safety protocols being implemented in various infrastructure project sites to ensure their timely completion. During the virtual “Sulong Pilipinas: pre-SONA of the Economic… Read More
Cebu biz chamber to meet ERC on power cost probe
April 26, 2021, 8:20 pm
CEBU CITY – The Cebu Chamber of Commerce and Industry (CCCI) is set to meet with officials from the Energy Regulatory Commission (ERC) in response to the former’s request for a review of Visayan Electric Company’s (VECO) power supply agreement (PSA) with its generator company, Cebu Private… Read More
Gov’t accelerates digitalization of services
April 26, 2021, 7:25 pm
MANILA – The Duterte administration has accelerated the use of digital technology for government services to improve transactions in public offices, Department of Trade and Industry (DTI) Secretary Ramon Lopez said. At the Sulong Pilipinas virtual forum Monday, Lopez said government agencies’… Read More
Peso flat as stocks up on signs of spurring economic activity
April 26, 2021, 7:16 pm
MANILA – The Philippine Stock Exchange index (PSEi) closed the first trading day of the week higher on positive investors’ sentiment while the peso ended almost unchanged against the US dollar. After a three-day slide, the main equities index recovered on Monday and inched up by 0.18… Read More
Expect recovery of coconut industry in coming years: agri chief
April 26, 2021, 6:26 pm
MANILA – The Department of Agriculture (DA) is eyeing to reap the fruits of its efforts toward revitalizing the coconut industry in the coming years. In the last decade, DA Secretary William Dar said the coconut sector's contribution to agricultural gross value added (GVA) remained at an average… Read More
SEC empowers minority investors to call stockholders' meetings
April 26, 2021, 6:12 pm
MANILA – The Securities and Exchange Commission (SEC) has issued rules allowing minority shareholders in publicly listed companies (PLC) to call special stockholders’ meetings. The commission en banc, in its April 22 meeting, approved the rules on the calling of special stockholders’… Read More
Hike in GOCC dividend rate eyed to fund proposed Bayanihan 3
April 26, 2021, 5:35 pm
MANILA – The Department of Finance (DOF) is proposing the 75 percent increase of government-owned and controlled corporations’ (GOCCs) mandated dividend to the national government to boost financing for economic revitalization programs. “To raise more funds for our economic recovery, we are… Read More
Exit strategy depends on growth sustainability: Diokno
April 26, 2021, 3:59 pm
MANILA – Bangko Sentral ng Pilipinas’ (BSP) exit strategy for pandemic-related measures will depend on the sustainability of domestic growth, BSP Governor Benjamin Diokno said. “It makes sense that we looked at whether the growth is sustainable, whether there is traction,” he said during… Read More
Gov’t offices to rise in New Clark City
April 26, 2021, 3:55 pm
MANILA – More government offices are keen to locate in New Clark City in Central Luzon as part of the administration’s vision to decongest Metro Manila. During the Sulong Pilipinas virtual forum Monday, Presidential Adviser for Flagship Programs Vivencio Dizon said at least six government… Read More
Oil prices up again this week
April 26, 2021, 3:47 pm
MANILA – Oil firms will raise pump prices starting Tuesday, marking the second consecutive week for an increase. In separate advisories, Cleanfuel, Petro Gazz, PTT Philippines, Seaoil, and Shell said they will hike diesel prices by PHP0.35 per liter and PHP0.45 per liter for gasoline. Seaoil… Read More
Past reforms to help ensure Duterte admin's tax reform wins
April 26, 2021, 3:43 pm
MANILA – Finance Secretary Carlos Dominguez III on Monday acknowledged that tax reform successes of the Duterte administration would not have been achieved without the measures made by past governments. In his speech during the virtual “Sulong Pilipinas: pre-SONA of the Economic Development… Read More
Gov’t keeps 6.5%-7.5% growth target despite stricter quarantine
April 26, 2021, 3:36 pm
MANILA – The country's economic planners are maintaining the government’s 6.5 to 7.5 percent growth target this year, optimistic about economic recovery despite the reimposition of stricter quarantine measures in Metro Manila and other provinces amid surging coronavirus cases. During the… Read More
Swine producer registers P1.3-B project with BOI
April 23, 2021, 7:25 pm
MANILA – The Board of Investments (BOI) has approved the PHP1.33-billion project of Biotech Farms, Inc. to expand its live hog production. In a statement Friday, the BOI said Biotech Farms would add 2,500 sow-level piggery farms in its swine facility in South Cotabato. The expansion project… Read More
High liquidity pushes BSP securities down
April 23, 2021, 6:50 pm
MANILA – The rate of the Bangko Sentral ng Pilipinas’ (BSP) 28-day securities fell anew Friday due to continued high demand and ample domestic liquidity. Data released by the central bank show that the average accepted yield of the debt paper slipped to 1.8286 percent from 1.8562 percent… Read More
DA links farmers to groups doing charitable works for more profit
April 23, 2021, 6:39 pm
MANILA – Throughout the quarantine period, the Department of Agriculture (DA) has helped farmer groups sell their produce to non-government organizations (NGOs) and other charitable institutions who want to distribute agricultural products to people in need. "Our market matching team link NGOs… Read More
Gov’t outlines job opportunities for displaced OFWs
April 23, 2021, 6:22 pm
MANILA – The Department of Trade and Industry (DTI) and its attached agency, the Technical Education and Skills Development Authority (TESDA), said the government has programs for overseas Filipino workers (OFWs) who were displaced due to the pandemic. In a virtual presser on Friday, DTI and… Read More
