Business
Indian pharma firms seek eased rules on entry to PH market
February 27, 2021, 5:38 pm
MANILA – Indian pharmaceutical companies want to expand their presence in the Philippines but stringent domestic laws become barriers for them to enter and be competitive in the local market. In a joint webinar of the Federation of Indian Chambers and Commerce (Phil.) Inc. (FICCI) and the Indian… Read More
BSP eyes Feb '21 inflation at 4.7%
February 27, 2021, 11:08 am
MANILA – Inflation is seen to accelerate further between 4.3 percent and 5.1 percent for February 2021, with Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno citing 4.7 percent as the point inflation figure. The point inflation figure for this month is higher than the 4.2 percent… Read More
DTI urges Central Luzon youth to venture into business
February 26, 2021, 8:51 pm
CITY OF SAN FERNANDO, Pampanga – The Department of Trade and Industry (DTI) regional office in Central Luzon is encouraging young people to engage in business ventures that could help them have a better future and contribute to the development of the economy. During the regional kick-off of the… Read More
PH stocks index, peso ends week on positive note
February 26, 2021, 8:19 pm
MANILA – The Philippine Stock Exchange index (PSEi) ended the week up and the peso barely moved on Friday due to correction. The main equities index ended the trade at 6,794.86 points, up by 0.58 percent or 38.91 points. All Shares rose by 0.49 percent, or 20.14 points, to 4,120.30 points. Half… Read More
PH banking system key to economic recovery: Diokno
February 26, 2021, 5:36 pm
MANILA – The Philippines’ banking system has proven its resiliency several times and the current pandemic is not an exemption, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said. In his speech during The Manila Times virtual economic forum on Friday, Diokno said the domestic… Read More
Go Lokal! launches work-from-home collection
February 26, 2021, 4:32 pm
MANILA – Go Lokal!, a concept store initiated by the Department of Trade and Industry (DTI), launched on Friday its work-from-home collection called Silid (room). “The Silid Collection’s overall tone of positivity creates an enduring balance between work and rest, transforming the home into… Read More
Dominguez cites PH economic recovery drivers
February 26, 2021, 3:42 pm
MANILA – Having a government with a strong fiscal position and having a healthy financial system will drive the Philippines' economic recovery post-pandemic, Finance Secretary Carlos Dominguez III said on Friday. In his speech at The Manila Times virtual economic forum, Dominguez said the… Read More
PH OKs accession to Beijing Treaty on Audiovisual Performances
February 25, 2021, 6:24 pm
MANILA – The Intellectual Property Office of the Philippines (IPOPHL) has expressed its gratitude to President Rodrigo R. Duterte for signing the instrument of accession to the Beijing Treaty on Audiovisual Performances (BTAP), a development expected to strengthen the protection of Filipinos… Read More
Insurance firm exec cites rise of sales through shopping app
February 25, 2021, 6:22 pm
MANILA – Banking on Filipinos love for shopping and the surge in online sales during the pandemic, an executive of Sun Life Philippines remains optimistic of their business as more people realize the importance of insurance. Aside from the company’s website and its insurance agents, the… Read More
Economist eyes BOP position recovery
February 25, 2021, 4:56 pm
MANILA – Structural inflows such as remittances and revenues of the business process outsourcing (BPO) sector are expected to continue to fuel the Philippines’ balance of payment (BOP) position despite posting a deficit last month. Data released by the Bangko Sentral ng Pilipinas (BSP)… Read More
DOF to include Covid-19 vaccine imports in Mabuhay Lane
February 25, 2021, 1:37 pm
MANILA – Finance Secretary Carlos Dominguez III has approved the inclusion of all importations of coronavirus disease 2019 (Covid-19) vaccines in the "Mabuhay" or express lane of the Department of Finance (DOF) to allow the quick processing of the tax and duty exemptions of these vital… Read More
BSP creates currency-focused sector
February 24, 2021, 8:21 pm
MANILA – The need to manage digital and physical currency along with ensuring an inclusive payment system led to the creation of a new sector in the central bank, which is provided for under its Charter amendment. In a virtual briefing Wednesday, Bangko Sentral ng Pilipinas (BSP) Governor… Read More
Ayala Land sets P88-B capex for 2021
February 24, 2021, 7:59 pm
MANILA – Property developer Ayala Land Inc. (ALI) is raising its capital expenditures (capex) by over a third and will launch PHP100 billion worth of new projects this year, optimistic about market recovery amid the pandemic. In a virtual media briefing Wednesday, ALI president and chief… Read More
Stocks index slips; peso stays firm vs. US dollar
February 24, 2021, 7:10 pm
MANILA – Concerns on the US’ rising inflation rate made investors risk-averse resulting in the negative close of the local main equities index Wednesday but the peso managed to end the day sideways against the US dollar. The Philippine Stock Exchange index (PSEi) lost 0.86 percent, or 58.72… Read More
Modernization of intellectual property law ‘closer to fruition’
February 24, 2021, 6:21 pm
MANILA – The Intellectual Property Office of the Philippines (IPOPHL) believes that the modernization of intellectual property law is now “closer to fruition” as the lower House consolidated bills to amend the Intellectual Property Code of 1998. In a statement Thursday, IPOPHL director… Read More
DTI reiterates support to local coops
February 24, 2021, 4:35 pm
MANILA – Department of Trade and Industry (DTI) Secretary Ramon Lopez has reiterated the agency’s support to local cooperatives as it helps the agriculture sector and micro, small and medium enterprises (MSMEs) survive amid the coronavirus disease 2019 (Covid-19). At the launch of the… Read More
Security Bank branches close on People Power anniversary
February 24, 2021, 3:56 pm
MANILA – All branches of Security Bank Corporation (Security Bank) across the country will be closed on Thursday (Feb. 25) in line with the observance of the EDSA People Power Revolution anniversary. In an advisory Wednesday, the bank asked its clients to call Customer Service hotline at… Read More
Investing in digital upskilling of APEC's workforce critical
February 24, 2021, 1:15 pm
JAKARTA – Hiring of workers with digital skills has grown substantially in the last three years across the Asia-Pacific Economic Cooperation (APEC) region, according to a recent report issued by the APEC Human Resources Development Working Group and received here on Tuesday. The report… Read More
SEC clears AboitizPower’s bond issuance, Ace Medical Center’s IPO
February 24, 2021, 1:02 pm
MANILA – The Securities and Exchange Commission (SEC) has considered favorably the public fundraising of Aboitiz Power Corp. (AboitizPower) and Allied Care Experts (ACE) Medical Center-Palawan, Inc. In its meeting on Feb. 23, the Commission en banc resolved to render effective the respective… Read More
Coca-Cola investing P3-B in PH this year
February 24, 2021, 8:55 am
MANILA – Coca-Cola Beverages Philippines, Inc. (CCBPI) has announced that it is investing USD63 million (about PHP3.06 billion) in the country in 2021 to upgrade its factories. “The USD63 million investment will primarily go to continuing to increase our capacity, specifically this time in… Read More
