Business
Stocks gauge slips anew; peso stays firm
April 12, 2021, 8:11 pm
MANILA – The Philippine Stock Exchange index (PSEi) ended Monday down still due to correction but the peso sustained its sideways close against the greenback. The main equities index slipped for the second consecutive trading day after it ended at 6,518.64 points. All Shares declined by… Read More
95% of NCR businesses comply with health protocols in Q1
April 12, 2021, 6:36 pm
MANILA – Monitoring activities of the Fair Trade Enforcement Bureau (FTEB) of the Department of Trade and Industry (DTI) in business establishments in Metro Manila in the first quarter of the year showed that the compliance rate for health protocols is high at 94.7 percent. For the first three… Read More
BSP debt paper interest rate declines
April 12, 2021, 6:31 pm
MANILA – The rate of the Bangko Sentral ng Pilipinas’ (BSP) 28-day term deposit facility (TDF) fell Monday as demand remained strong. Data released by the central bank showed that the average rate of the debt paper dropped to 1.8795 percent from 1.9156 percent during the auction last April… Read More
Cebu biz community support to nat’l vax program cited
April 12, 2021, 6:29 pm
CEBU CITY – A private sector representative to the Visayas Vaccination Operations Center (VVOC) on Monday hailed Cebu business community’s strong support to the national vaccination program, as some hospitals and establishments offered to be venues for mass inoculation. Edmun Liu, chairman of… Read More
Covid-19 accelerates online workouts
April 12, 2021, 6:25 pm
MANILA – With restriction in mobility due to coronavirus disease 2019 (Covid-19), more gym-goers rely on online workout sessions for their daily exercise and to continue their personal fitness goals, a leading fitness clubs operator in Asia said. In a statement Monday, Evolution Wellness… Read More
Diokno eyes cut in 2021 growth target to between 6-7%
April 12, 2021, 6:05 pm
MANILA – A cut in the government’s gross domestic product (GDP) target of between 6.5-7.5 percent this year is possible because of the impact of the two-week enhanced community quarantine (ECQ) in NCR Plus. In an interview during the Laging Handa public briefing aired over PTV 4 Monday,… Read More
Inflation rate remains under control: Diokno
April 12, 2021, 4:33 pm
MANILA – The country’s inflation rate remains under control despite surpassing the government’s target band since January this year, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said. “Under control yan (That’s under control);” he said during the Laging Handa public… Read More
Gasoline, kerosene prices down this week
April 12, 2021, 4:30 pm
MANILA – Oil firms will roll back prices of gasoline and kerosene starting Tuesday morning. In separate advisories, Caltex, Cleanfuel, Petro Gazz, Petron, Phoenix Petroleum, PTT Philippines, Seaoil, Shell, and Unioil said they will cut gasoline prices by PHP0.25 per liter. Caltex, Petron,… Read More
PAL warns travelers vs. use of fake Covid-19 test results
April 12, 2021, 4:03 pm
MANILA – Philippine Airlines (PAL) on Monday warned passengers against using fake coronavirus disease 2019 (Covid-19) test results at the airports. In an advisory posted on its Facebook page, PAL said at least 15 individuals were recently prevented from boarding their flights since they… Read More
GenSan extends rollout of tax relief measures until yearend
April 12, 2021, 3:55 pm
GENERAL SANTOS CITY – The city government has extended the implementation until yearend of its tax relief measures for business and real property owners in the wake of the continuing coronavirus disease 2019 (Covid-19) pandemic. City Councilor Franklin Gacal Jr., chair of the city council’s… Read More
DTI estimates 500K jobs back under MECQ
April 12, 2021, 3:05 pm
MANILA – As President Rodrigo Duterte has placed NCR Plus -- National Capital Region, Bulacan, Cavite, Laguna, and Rizal -- under a less stringent modified enhanced community quarantine (MECQ), the Department of Trade and Industry (DTI) estimates that 500,000 jobs will be back in the labor… Read More
DBP extends P6.13-B loan to Covid-hit businesses
April 12, 2021, 2:58 pm
MANILA – The Development Bank of the Philippines (DBP) has extended PHP6.13 billion in loans to enterprises badly hit by the economic shock of the coronavirus disease 2019 (Covid-19) pandemic and earmarked interest subsidies amounting to PHP27.13 million to local government units (LGUs) last… Read More
DTI says outdoor dining allowed under MECQ
April 12, 2021, 12:30 pm
MANILA – Department of Trade and Industry (DTI) Secretary Ramon Lopez said restaurants with outdoor dining are allowed in places under the modified enhanced community quarantine (MECQ). In a text message to reporters Sunday night, Lopez said food establishments with alfresco dining services are… Read More
Globe to complete 43 site upgrades in Guimaras by September
April 11, 2021, 7:01 pm
MANILA – Globe is beefing up its site upgrades in the province of Guimaras, known as the "mango capital" of the Philippines. As part of its commitment to improve network connectivity in the country, Globe is eyeing to complete the modernization of its 4G LTE network in 43 locations across the… Read More
PDIC hikes deposit insurance fund to P216.85-B
April 9, 2021, 6:43 pm
MANILA – State deposit insurer Philippine Deposit Insurance Corporation (PDIC) has built up its deposit insurance fund (DIF) to PHP216.85 billion as of the fourth quarter of 2020, and settled 100 percent of the 7,072 valid deposit insurance claims within its target turnaround time (TAT) for… Read More
BOC earns over P35-B from fuel marking in Q1 2021
April 9, 2021, 2:38 pm
MANILA – Over PHP35 billion has been collected from duties and taxes under the Fuel Marking Program during the first quarter of the year, the Bureau of Customs (BOC) reported on Friday. In a statement, the bureau said it earned a total of PHP35.84 billion from the markings of a total of… Read More
Biz sentiments improve despite ECQ: poll
April 8, 2021, 8:06 pm
MANILA – Business sentiments improved both in the first and second quarters this year despite the two-week enhanced community quarantine in National Capital Region Plus until April 11. Confidence index in the Bangko Sentral ng Pilipinas’ (BSP) Business Expectation Survey (BES) for the first… Read More
Stocks index declines; peso steady vs. US dollar
April 8, 2021, 8:00 pm
MANILA – The Philippine Stock Exchange index (PSEi) registered a correction Thursday while the peso remained firm against the greenback. After a three-day rally, the local stock barometer shed 1.60 percent, or 106.54 points, to 6,545.17 points. All other counters trailed the main index,… Read More
Electronic goods boost PH importation growth in February
April 8, 2021, 7:21 pm
MANILA – The Philippines ' total external trade in goods grew at an annual rate of 0.6 percent, or about USD12.191 billion, in February 2021. Of the total external trade in February 2021, 58.9 percent were imported goods, while the rest were exported goods, data from the Philippine Statistics… Read More
PEZA online job fair continues amid pandemic
April 8, 2021, 7:08 pm
MANILA – To fulfill its mandate of generating jobs and other economic opportunities, Philippine Economic Zone Authority (PEZA) has partnered with WorkBank Philippines Inc. to make job vacancies easily accessible to Filipinos seeking employment with PEZA-registered companies. This initiative… Read More
