Business
Diokno cites gains from digitalization during pandemic
February 19, 2021, 7:23 pm
MANILA – Digitalization has benefited Filipinos especially during the pandemic, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said on Friday. In his speech during the Ulat ng BSP sa Bayan (BSP’s Report to the Nation), live-streamed over the central bank’s Facebook page, Diokno… Read More
PH stocks gauge ends week up, peso moves sideways vs. USD
February 19, 2021, 5:54 pm
MANILA – Bargain hunting resulted in the recovery of the Philippine Stock Exchange index (PSEi) Friday but the peso ended the day sideways against the greenback. The main equities gauge rose by 1.12 percent or 76.77 points, to 6,926.41 points. All the other indexes followed, with All Shares up… Read More
Cebu Landmasters exec optimistic of biz growth amid pandemic
February 19, 2021, 4:41 pm
MANILA – Banking on the strong business results in 2020 amidst the pandemic, officials of Cebu Landmasters Inc. (CLI) are optimistic for their operations post-pandemic, citing that demand for housing remains. In a virtual launch of the mixed-use, 32-floor Masters Tower Cebu on Friday, which the… Read More
DTI says biz in GCQ areas highly compliant with health protocols
February 19, 2021, 4:32 pm
MANILA – Trade Secretary Ramon Lopez said business establishments that were allowed to operate in areas under general community quarantine (GCQ) have maintained a high rate of compliance with the government’s health protocols. “We have over 92 percent compliance rate,” Lopez said in a… Read More
Now is right time for further economic reopening: Lopez
February 19, 2021, 3:48 pm
MANILA – Department of Trade and Industry (DTI) Secretary Ramon Lopez said the further reopening of economic activities has been stalled since November 2020 as the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF-EID) listened to and considered the concerns of… Read More
Monetary authorities see no pandemic-induced price bubble
February 19, 2021, 7:30 am
MANILA – Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno on Thursday discounted a pandemic-induced asset price bubble in the country. In a virtual briefing, he said monetary authorities “do not expect any undue surges in asset prices.” “In fact, property prices for both office… Read More
PH stocks index, peso slip
February 18, 2021, 7:39 pm
MANILA – The Philippines’ main equity index slipped anew Thursday on news about US monetary officials’ concerns on the pace of recovery of the world’s largest economy, which, in turn, also affected the peso during the day. The Philippine Stock Exchange index (PSEi) shed 1.68 percent, or… Read More
Amazon Global Selling eyes to bring in more Pinoy brands
February 18, 2021, 5:36 pm
MANILA – Amazon Global Selling is looking to bring in more Filipino brands on its platform to list and sell their products on Amazon marketplaces in Europe, Asia Pacific, the Middle East, and the Americas. “We are building pipelines and we focus on bringing more brand owners and manufacturers… Read More
Quick vaccine rollout key to balance health, economy
February 18, 2021, 3:27 pm
MANILA – Even with the reopening of more business establishments and economic activities, people still do not have the confidence to go out and spend without the Covid-19 vaccine rollout, a member of the OCTA Research Group said Thursday. In a television interview, OCTA Research Group fellow… Read More
BIR urges taxpayers to take advantage of amnesty programs
February 18, 2021, 9:57 am
MANILA – Bureau of Internal Revenue (BIR) Commissioner Caesar Dulay said compromise agreements with erring taxpayers, which were done within the bounds of the law, helped the agency collect taxes. During the virtual Tax Campaign kick-off Wednesday, Dulay thanked taxpayers’ cooperation in… Read More
Globe reopens 99% of stores nationwide
February 17, 2021, 8:51 pm
MANILA – Globe Telecom Inc. (Globe) has reopened 99 percent of its 196 stores across the country to serve customers and handle concerns that need personal interaction. In a new release on Wednesday, Globe said only one store, located at the TGT headquarters in Bonifacio Global City, is yet to… Read More
BSP term deposit facility rates rise
February 17, 2021, 7:56 pm
MANILA – The interest rates of the Bangko Sentral ng Pilipinas’ (BSP) term deposit facility (TDF) rose Wednesday despite oversubscription, which a central bank executive pointed to investors’ search for gains. Data released by the BSP showed that the average rate of the seven-day facility… Read More
DTI continues to roll out support for MSMEs
February 17, 2021, 7:51 pm
MANILA – The Department of Trade and Industry (DTI) is continuously rolling out programs that will assist the micro, small and medium enterprises (MSMEs) survive and thrive amid the coronavirus disease 2019 (Covid-19) pandemic. The latest initiative of the DTI is its partnership with the Bank… Read More
Stocks, peso slip on investors' wait-and-see stance
February 17, 2021, 6:50 pm
MANILA – The wait-and-see stance on the proposed fiscal relief package of the Biden administration resulted in the pullback of the Philippine Stock Exchange index (PSEi) Wednesday, which also affected the peso. The main equities index shed 1.10 percent, or 77.63 points, to 6,966.43… Read More
Energy consumer advocate group launched
February 17, 2021, 5:27 pm
MANILA – Kuryente.org, a new consumer advocacy group, was formally launched Wednesday seeking for more involvement and representation of consumers in the energy industry. The group said it is a high time to involve the consumers during this pandemic amid reports of soaring household electricity… Read More
SEC OKs DoubleDragon’s REIT offering
February 17, 2021, 3:54 pm
MANILA – The Securities and Exchange Commission (SEC) has favorably considered the nearly PHP14.71-billion initial public offering (IPO) of a real estate investment trust (REIT) largely sponsored by DoubleDragon Properties Corp. In its Feb. 16 meeting, the Commission en banc resolved to render… Read More
Regulators get stakeholders' inputs for IRR of FIST Act
February 17, 2021, 1:32 pm
MANILA – Regulators are now getting stakeholders' insights for the draft implementing rules and regulations (IRR) of the Financial Institutions Strategic Transfer (FIST) Act, which has been prepared even before the measure was signed into law by President Rodrigo R. Duterte on Tuesday. In a… Read More
5 firms bid for DOE geothermal, hydro power projects
February 17, 2021, 12:49 pm
MANILA – The Department of Energy (DOE) has fetched bids from five firms for the third Open and Competitive Selection Process (OCSP 3) which aims to develop renewable energy (RE) projects in the country. In a statement Wednesday, the DOE said it opened the bids submitted by five energy players… Read More
DTI to launch online business mentoring in C. Visayas
February 16, 2021, 8:11 pm
CEBU CITY – The Department of Trade and Industry (DTI), in partnership with the Philippine Center for Entrepreneurship-Go Negosyo, and Cebu Chamber of Commerce and Industry, will launch the Kapatid Mentor Me (KMME) Online Batch 3 in Central Visayas early this year. This will be the third… Read More
BIR on path to full digitalization despite pandemic
February 16, 2021, 8:03 pm
MANILA – The Bureau of Internal Revenue (BIR)’s digital transformation program will be “fully functional and irreversible” to ensure the agency’s much improved services and highly efficient collection performance, Finance Secretary Carlos Dominguez III said Tuesday. Dominguez said… Read More
