Business
Coca-Cola PH to inoculate 10K employees, families
April 1, 2021, 12:07 pm
MANILA – Coca-Cola Beverages Philippines Inc. (CCBPI), the local bottling arm of Coca-Cola and one of the major employers in the country, announced its free comprehensive coronavirus disease 2019 (Covid-19) vaccination program for its 10,000 associates and their immediate family members. CCBPI… Read More
Vax program to balance health, economy amid pandemic
March 31, 2021, 7:44 pm
MANILA – Presidential Adviser for Entrepreneurship Joey Concepcion believes that the only way to balance health and economy amid the global health crisis is through the immunization program. During the Kapihan sa Manila Bay virtual forum Wednesday, Concepcion said the back and forth lockdown… Read More
TDF rates fall as investors choose safer assets
March 31, 2021, 7:40 pm
MANILA – The rates of the Bangko Sentral ng Pilipinas’ (BSP) term deposit facility (TDF) declined Wednesday, partly as investors took note of monetary authorities’ decision to keep the central bank’s key rates steady last week. Data released by the BSP showed that the average rate of… Read More
PH ranks 17th in Global Gender Gap Report, 2nd in APAC
March 31, 2021, 7:36 pm
MANILA – The Philippines has ranked 17th among 156 countries in the Global Gender Gap Report 2021 of the World Economic Forum (WEF). The report released Wednesday shows that the country’s ranking slipped by one notch from the previous spot. But in Asia Pacific, the Philippines placed second… Read More
Peso unchanged as stocks slip ahead of long weekend
March 31, 2021, 7:26 pm
MANILA – The local main equities index shed Wednesday but the peso managed to end the trade sideways against the greenback. The Philippine Stock Exchange index (PSEi) declined by 1.57 percent, or 102.46 points, to 6,443.09 points. All the other counters tracked the main gauge, with All… Read More
Targeted spending crucial to economic recovery
March 31, 2021, 5:39 pm
MANILA – Governments, including those of the Association of Southeast Asian Nations (Asean), need more targeted spending to boost the recovery of their economies from the pandemic. Li Lian Ong, ASEAN+3 Macroeconomic Research Office (AMRO) group head and lead specialist, said the greater focus… Read More
BSP eyes March inflation between 4.2-5%
March 31, 2021, 12:45 pm
MANILA – The Bangko Sentral ng Pilipinas (BSP) forecasts inflation in March to range between 4.2 to 5 percent, with the point inflation seen at 4.6 percent. The projected point inflation for the month is lower than the 4.7 percent rate of price increases last February. In a Viber message to… Read More
PH secures support of TPP members as it eyes joining deal
March 31, 2021, 10:20 am
MANILA – The Philippines would like to secure the support of the 11 members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), formerly the TPP, as the country eyes to join the trade pact. Department of Trade and Industry (DTI) Undersecretary Ceferino Rodolfo… Read More
13 power coops in Visayas to get funds under DOE program
March 30, 2021, 8:38 pm
DUMAGUETE CITY – Thirteen electric cooperatives in Negros Island and other Visayas provinces will receive millions of pesos in benefits from the Energy Development Corporation (EDC) under the Energy Regulations 1-94 program of the Department of Energy (DOE). The program is to recompense host… Read More
Window dressing negatively affects PH stocks index, peso
March 30, 2021, 7:43 pm
MANILA – Window dressing resulted to mostly negative close in the local bourse Tuesday, a day after the recovery of the main index, and this also affected the local currency. The Philippine Stock Exchange index (PSEi) shed 0.94 percent, or 62.23 points, to 6,545.55 points. All Shares also… Read More
Cautious approach on stimulus measure to address budget gap rise
March 30, 2021, 7:39 pm
MANILA – The government reported an annual jump in the February 2021 budget gap to PHP116 billion but an economist said prudent implementation of pandemic-related spending would address the expected rise in the budget deficit. Data released by the Bureau of the Treasury (BTr) showed a 208.47… Read More
Antigen test to augment Covid-19 screening in ‘NCR Plus’
March 30, 2021, 7:21 pm
MANILA – The government will ramp up the detection of individuals with Covid-19 in NCR Plus—National Capital Region (NCR), Bulacan, Cavite, Laguna, and Rizal—through deploying antigen testing, testing czar Vivencio Dizon said on Tuesday. Dizon, also the National Task Force Against Covid-19… Read More
PH back in Japanese capital market with JPY55 billion 3-yr bond
March 30, 2021, 7:19 pm
MANILA – S&P Global has given the Philippine government’s proposed 55-billion Japanese yen (about PHP24 billion) first-ever three-year senior unsecured zero-coupon fixed-rate Samurai bond an investment grade rating of "BBB+", same as its rating on the country. “The notes represent direct,… Read More
SRA amends sugar allocation to ensure stable supply
March 30, 2021, 5:42 pm
MANILA – The Sugar Regulatory Administration (SRA) has revised its sugar allocation for the year to ensure a stable supply of the commodity. In its order released on Monday, the SRA said the initial projection of national sugar production of 2.19 million metric tons (MT) has dropped to 2.10… Read More
C. Visayas entrepreneurs undergo online biz mentoring
March 30, 2021, 2:33 pm
CEBU CITY – A total of 50 entrepreneurs in Central Visayas are expected to learn strategies in growing their businesses as the Department of Trade and Industry in the region (DTI-7) launched on Monday the third batch of its online Kapatid Mentor Me (KMME) Program. DTI-7, in partnership with the… Read More
2 local pharma firms eye production of Ivermectin
March 30, 2021, 2:16 pm
MANILA – Lloyd Laboratories Inc. and Pascual Laboratories Inc. are willing to apply for registration with the Food and Drug Administration (FDA) to produce Ivermectin for human use, Anti-Red Tape Authority (ARTA) director general Jeremiah Belgica said on Tuesday. In a virtual press briefing,… Read More
DTI-BOI hails PRRD signing of CREATE Act
March 29, 2021, 8:22 pm
MANILA – The Department of Trade and Industry (DTI) and the Board of Investments (BOI) have hailed the signing of the landmark Republic Act. No. 11534, or the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, by President Rodrigo Duterte after it passed both Houses of Congress… Read More
BTr sets April '21 T-bills, T-bonds offering at P170-B
March 29, 2021, 8:17 pm
MANILA – The Bureau of the Treasury (BTr) is scheduled to auction PHP170 billion worth of debt papers in the domestic market in April, PHP10 billion higher than this month’s program. Data released by the Bureau of the Treasury (BTr) Monday showed that a total of PHP100 billion worth of… Read More
DOF chief cites prompt multilateral financing for PH vax program
March 29, 2021, 8:14 pm
MANILA – Finance Secretary Carlos Dominguez III said Monday the "prompt and substantial" financing extended by the Philippines’ multilateral partners for its coronavirus disease 2019 (Covid-19) vaccination program will help accomplish the government’s target of inoculating 70 million… Read More
PhilMech to acquire P5-B farm machinery in April
March 29, 2021, 7:51 pm
MANILA – The Philippine Center for Postharvest Development and Mechanization (PHilMech) on Monday said it will proceed with the bidding and acquisition of farm machinery worth PHP5 billion next month. This, after they have recently completed at least 99 percent of the bidding for the… Read More
