Business
D&L eyes to bounce back to pre-pandemic level this year
March 3, 2021, 5:15 pm
MANILA – D&L Industries Inc., a listed chemical and food ingredient manufacturer, is optimistic about bouncing back to its pre-pandemic level this year as it continues to see improvement in its income in the second half of the year. In a press conference Wednesday, D&L president Alvin Lao said… Read More
PCCI backs unified travel protocols
March 3, 2021, 10:42 am
MANILA – The Philippine Chamber of Commerce and Industry (PCCI) has expressed support for the government's decision to harmonize travel protocols, saying it would facilitate travel movement, the flow of goods and services, and boost local tourism. In a statement on Wednesday, the PCCI said the… Read More
Employees earn extra via AirAsia's partnership with McDonald's
March 2, 2021, 8:04 pm
MANILA – Current and former employees of AirAsia Philippines now have the opportunity to earn extra income as the carrier's logistics arm, Teleport, inked partnership with Golden Arches Development Corporation (McDonald’s Philippines). "We opened the opportunity to all our former and present… Read More
Covid-19 vax rollout seen to boost bank lending
March 2, 2021, 7:17 pm
MANILA – The rollout of coronavirus disease (Covid-19) vaccine program is expected to increase chances of further reopening the domestic economy and support bank lending amidst its continued slowdown as of last January due to the pandemic. Data released by the Bangko Sentral ng Pilipinas (BSP)… Read More
Economist eyes steady BSP rates after bank lending contraction
March 2, 2021, 7:12 pm
MANILA – An economist forecasts steady policy rates for the Bangko Sentral ng Pilipinas (BSP) in the near term, citing the need for regulators to continue supporting the domestic economy during the pandemic. This, after the BSP reported on Tuesday that bank lending contracted by 2.4 percent… Read More
DTI continues mentorship program for MSMEs in rural areas
March 2, 2021, 7:06 pm
MANILA – The Department of Trade and Industry (DTI) continues to support micro, small and medium enterprises (MSMEs) in rural areas through its mentorship program, the Kapatid Mentor ME (KMME). Following a ceremonial signing Monday, the DTI mentorship program will also be rolled out in its… Read More
Peso flat as stocks sustain gains on optimism over vax rollout
March 2, 2021, 5:32 pm
MANILA – The local main equities index sustained its rise Tuesday while the peso ended the day sideways against the greenback. The Philippine Stock Exchange index (PSEi) increased by 0.68 percent, or 46.57 points, to 6,919.54 points. All Shares followed with a jump of 0.35 percent, or… Read More
10 areas in Metro Cebu to experience DITO services March 8
March 2, 2021, 5:16 pm
CEBU CITY – Five cities and five towns in Metro Cebu will be the first to experience the services of DITO Telecommunity starting March 8, the company’s chief administrative officer on Tuesday announced. Lawyer Adel Tamano, chief administrative officer of DITO Telecommunity Corporation, said… Read More
65% of PH employers to provide Covid-19 vax for workers: survey
March 2, 2021, 3:34 pm
MANILA – A joint survey of Willis Towers Watsons and the Philippine Management Association of the Philippines found that more than half of the surveyed employers in the country will be providing coronavirus disease 2019 (Covid-19) vaccines for their workers. Of the 250 human resources… Read More
Cinemas in GCQ areas to reopen March 5
March 1, 2021, 7:34 pm
MANILA – The Department of Trade and Industry (DTI) has issued Memorandum Circular (MC) No. 21-08 allowing movie houses in areas under general community quarantine (GCQ) to reopen starting March 5. The circular stipulates that cinemas in GCQ areas are only allowed to operate up to 25-percent… Read More
MOU on fight vs. rising online counterfeiting, piracy signed
March 1, 2021, 7:03 pm
MANILA – The Intellectual Property Office of the Philippines (IPOPHL) has signed a memorandum of understanding (MOU) with the biggest e-commerce platforms in the country and intellectual property rights holders for speedy removal of fake products on online shopping sites. IPOPHL signed the… Read More
Economist eyes further improvement of PH manufacturing sector
March 1, 2021, 6:17 pm
MANILA – Further reopening of the domestic economy and easing of quarantine level to modified general community quarantine (MGCQ) nationwide in the coming months are expected to further lift the manufacturing sector. This, after Markit’s manufacturing Purchasing Managers Index (PMI) for the… Read More
PH sustains manufacturing score in February
March 1, 2021, 6:07 pm
MANILA – The country sustained its 52.5 manufacturing purchasing managers’ index (PMI) for February 2021, the IHS Markit reported Monday. IHS Markit said the country’s manufacturing score last month signaled a solid operating condition as growth rate matched January 2021 level. The solid… Read More
Peso ends flat, stocks up on Covid-19 vaccine rollout
March 1, 2021, 6:02 pm
MANILA – The Philippine Stock Exchange index (PSEi) ended Monday higher while the peso finished unchanged against the US dollar partly on optimism on the start of the government vaccination program against coronavirus disease 2019 (Covid-19). The main equities gauge rose by 1.15 percent, or… Read More
PH T-bill rates rise anew
March 1, 2021, 4:20 pm
MANILA – The rates of the Philippines treasury bills (T-bill) rose again Monday partly on the strong domestic liquidity situation. The average rate of the 91-day T-bill inched up to 1.040 percent, the 182-day to 1.226 percent, and the 364-day day to 1.680 percent. These were at 0.875… Read More
Fuel, LPG prices up again this week
March 1, 2021, 4:01 pm
MANILA – Oil companies have announced they are implementing price increases on fuel products and liquefied petroleum gas (LPG) this week. Starting Tuesday, Chevron, Cleanfuel, Petro Gazz, PTT Philippines, Seaoil, and Shell will raise diesel prices by PHP0.85 per liter and gasoline prices by… Read More
PH won’t be stagnant despite return to pre-pandemic life in 2023
March 1, 2021, 3:51 pm
MANILA – Trade Secretary Ramon Lopez said the country will not be stagnant in the current economic situation even if President Rodrigo Duterte expects the way of living before the pandemic will be back by 2023. Lopez said as Filipinos learn how to deal with the virus, some sectors of the… Read More
PH eyed as next gen Covid vaccine manufacturing site
March 1, 2021, 8:27 am
MANILA – Filipino pharmaceutical firm Glovax Biotech has partnered with a Korean vaccine manufacturer to produce the EuCorVac-19 in the Philippines, should the government purchase 40 million doses of the Covid-19 vaccine. In a statement, Glovax said it is in talks with the Department of Trade… Read More
SEC makes payments easy with online portal
February 28, 2021, 1:50 pm
MANILA – Paying registration and other transaction fees in the Securities and Exchange Commission (SEC) is now faster, more convenient, and secure with the launch of the corporate securities regulator’s online payment system on March 1. The newly developed SEC Payment Portal is a web-based… Read More
Tobacco excise collections surpass February target
February 28, 2021, 11:27 am
MANILA – The Bureau of Internal Revenue (BIR) has overshot its February 2021 target for tobacco excise tax collections by 4.28 percent, collecting PHP17.57 billion mid-month after Japan Tobacco International (JTI) Philippines Inc. paid taxes of PHP10.94 billion, which is more than double the… Read More
