Business
Intensified testing, tracing to boost benefit of ECQ extension
April 6, 2021, 4:08 pm
MANILA – A more intensified implementation of the prevent, detect, isolate, treat, and reintegrate (PDITR) strategy is key for the enhanced community quarantine (ECQ) to be more effective in reducing coronavirus disease 2019 (Covid-19) cases, the National Economic and Development Authority… Read More
SEC to launch new company registration system
April 6, 2021, 3:13 pm
MANILA – The Securities and Exchange Commission (SEC) is migrating to a new company registration portal by April 19 to provide the public with a more secure, transparent, and efficient online facility for easy company registration. Called the electronic simplified processing of application for… Read More
Inflation seen surpassing target this year amid risks
April 6, 2021, 1:33 pm
MANILA – Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno on Tuesday said the full-year inflation average is expected to surpass the government’s target band even as risks to the inflation outlook remain broadly balanced. The Philippine Statistics Authority (PSA) reported the… Read More
PH inflation slightly eases to 4.5% in March
April 6, 2021, 1:23 pm
MANILA – The country’s inflation rate slowed down to 4.5 percent in March from the previous month’s 4.7 percent on the back of cheaper food prices, the Philippine Statistics Authority (PSA) reported on Tuesday. The average price increase of basic goods and services for the first three months… Read More
PAL cancels flights to Western Visayas
April 6, 2021, 10:20 am
MANILA – Several Philippine Airlines (PAL) flights going to Region 6 (Western Visayas) have been canceled until April 10. In an advisory posted on its Facebook page Monday, PAL said the cancellation is in line with the temporary suspension of inbound travel to Western Visayas, from the National… Read More
Remittances, improved external demand to buoy PH recovery
April 5, 2021, 7:47 pm
MANILA – Growth of money being sent home by overseas Filipino workers (OFWs) and improvement of external demand are expected to boost the domestic economy’s recovery this year. However, Fitch Solutions Country Risks and Industry Research reduced its growth projection for the country this… Read More
PH, France to hold economic meeting in Q2
April 5, 2021, 7:24 pm
MANILA – The Philippines and France will hold the 9th Joint Economic Commission (JEC) meeting in the second quarter of this year, the Department of Trade and Industry (DTI) said in a statement Monday. DTI Secretary Ramon Lopez and newly-appointed French Ambassador to the Philippines Michèle… Read More
ARTA sees improvement in PH’s score in EODB report
April 5, 2021, 7:21 pm
MANILA – Anti-Red Tape Authority (ARTA) director general Jeremiah Belgica expects higher scores for the country in the upcoming 2021 Ease of Doing Business (EODB) report of the World Bank. In a statement Monday, Belgica said efforts to streamline through digitizing processes and fast-tracking… Read More
Peso nearly flat as stocks gauge up on US infra plan
April 5, 2021, 6:19 pm
MANILA – The local stock barometer closed on a positive note Monday, benefiting the local currency. The Philippine Stock Exchange index (PSEi) inched up by 0.81 percent, or 52.06 points, to 6,495.15 points. All Shares increased by 0.59 percent, or 23.17 points, to 3,947.46 points. Most… Read More
Shakey’s sees return to profitability in 2021
April 5, 2021, 5:38 pm
MANILA – Shakey’s Pizza Asia Ventures Inc., the Philippines’ leading chained full-service restaurant, saw bottomline revert to positive territory posting net income of PHP215 million for the last three months of the year following the losses posted for most of 2020. The improvement in both… Read More
Oil prices to go up anew this week
April 5, 2021, 5:34 pm
MANILA – Oil prices are going up again starting Tuesday. In separate advisories Monday, Caltex, Cleanfuel, Petro Gazz, PTT Philippines, Seaoil, Shell, Total, and Unioil will increase gasoline prices by PHP0.65 per liter. Except for Cleanfuel, diesel prices of these companies will also rise by… Read More
PH T-bill rates post mixed results
April 5, 2021, 5:28 pm
MANILA – The rates of treasury bills (T-bills) mostly rose Monday but demand remained high. National Treasurer Rosalia de Leon attributed the strong buying interest to risk aversion. The average rate of the 91-day paper increased to 1.295 percent and the 182-day T-bill’s to 1.646 percent… Read More
CebuPac cancels several domestic flights due to ECQ extension
April 5, 2021, 5:21 pm
MANILA – As the enhanced community quarantine (ECQ) has been extended in the National Capital Region (NCR) and four nearby provinces until April 11, budget carrier Cebu Pacific (CEB) on Monday announced the cancellation of more domestic flights. In an advisory posted on its Facebook page, CEB… Read More
Customs posts P6.8-B collection surplus in March
April 5, 2021, 4:37 pm
MANILA – The Bureau of Customs (BOC) has surpassed its March 2021 collection target by 14.2 percent or PHP6.8 billion. Based on its preliminary report released on Monday, the bureau collected PHP54.5 billion in March as against its target collection at PHP47.7 billion. The BOC’s positive… Read More
PH manufacturing sector posts growth in March
April 5, 2021, 3:51 pm
MANILA – The country’s manufacturing score in March this year posted growth as production volume and purchasing activity continue to rise, the IHS Markit manufacturing purchasing managers’ index (PMI) report said. The report released Monday shows that Philippine manufacturing PMI in March… Read More
PH external debt ratios lower on prudent policy
April 5, 2021, 3:47 pm
MANILA – The Philippine government’s improved debt guidelines have resulted in the drop of the country’s external debt ratios compared to around two decades ago, the Department of Finance (DOF) said. In an economic bulletin, the DOF said the proportion of the country’s foreign debt to… Read More
SEC extends deadline for GIS submission
April 5, 2021, 1:52 pm
MANILA – The Securities and Exchange Commission (SEC) has extended the deadline for the submission of the general information sheet (GIS) to allow corporations to cope with the new rounds of enhanced community quarantine (ECQ) and the transition to an online submission system. In a notice… Read More
Converge ICT’s fiber cables land in Cebu
April 5, 2021, 12:45 pm
CEBU CITY – Converge Information and Communications Technology Solutions Inc. has marked a major milestone in its expansion in the Visayas region after the telecommunications company’s fiber cables reached the shores of Cebu. “What was once a dream to connect the whole nation with our fiber… Read More
TransCo tops GOCC remittances in Q1 2021
April 4, 2021, 5:00 pm
MANILA – The National Transmission Corp. (TransCo) has the highest dividend contributions to the national treasury among government-owned and controlled corporations (GOCCs) for the first quarter of the year. The GOCC under the Department of Energy (DOE) said it has remitted PHP8.32 billion to… Read More
BCDA proceeds with P3-B dev’t of PAF housing, support facilities
April 1, 2021, 2:30 pm
MANILA – The Bases Conversion and Development Authority (BCDA) is a step closer towards the completion of its over PHP3-billion plan to relocate and modernize the housing and support facilities of the Philippine Air Force (PAF). The PAF housing and support facilities will be relocated to a… Read More
