Business
SMC’s community hub gives stable income to 4.5K Luzon farmers
February 9, 2021, 8:12 pm
MANILA – San Miguel Corporation’s (SMC) Better World Diliman community center sold over half a million kilos of excess farm produce in just six months of operation, benefitting 4,500 farmers all over Luzon, company president and chief operating officer Ramon Ang reported Tuesday. Better World… Read More
BOC processes modernization to help economic recovery efforts
February 9, 2021, 7:29 pm
MANILA – Instituting additional technological innovations into the Bureau of Customs (BOC) processes will increase the agency’s capacity to help boost the economy’s recovery this year. In his speech during the BOC’s 119th founding anniversary livestreamed over PTV on Tuesday, Finance… Read More
Shopee sees digital payment adoption rise as e-commerce grows
February 9, 2021, 6:59 pm
MANILA – Online shopping platform Shopee expects increased digital payment adoption, growth in the logistics industry, and implementation of innovative retail strategies from brands and sellers in the Philippine e-commerce market this year. In a statement Tuesday, Shopee said the coronavirus… Read More
Stocks up on rebalancing; peso ends flat vs. dollar
February 9, 2021, 6:34 pm
MANILA – The Philippine Stock Exchange index (PSEi) ended Tuesday higher partly on the main equities gauge’s rebalancing while the peso ended little changed against the US dollar. The local stock barometer rose by 0.59 percent, or 41.07 points, to 7,065.55 points. All Shares also increased… Read More
NegOr utility firm implements 'no disconnection' policy
February 9, 2021, 6:10 pm
DUMAGUETE CITY – The Negros Oriental Electric Cooperative II (Noreco II) will implement a "no disconnection" policy for non-payment of electricity bills starting with the February billing period for lifeline consumers. Noreco II, in a statement issued Tuesday afternoon through its public… Read More
BTr awards P212.2-B retail treasury bond
February 9, 2021, 5:57 pm
MANILA – The Bureau of the Treasury (BTr) awarded on Tuesday PHP212.218-billion worth of three-year retail treasury bond (RTB) during the rate-setting auction, more than seven times the PHP30-billion offer. The debt securities, known as RTB 25 since it is the 25th issuance for the government,… Read More
DTI sees better consumer, biz confidence with vaccine rollout
February 9, 2021, 5:33 pm
MANILA – The rollout of the coronavirus disease 2019 (Covid-19) vaccine program in the country is expected to have a positive impact on the economy aside from protecting Filipinos from the infectious disease. In a Palace briefing Thursday, Department of Trade and Industry (DTI) Secretary Ramon… Read More
DOLE-7 sees virtual job fairs a ‘new normal’ in labor sector
February 9, 2021, 4:11 pm
CEBU CITY – The Department of Labor and Employment in Central Visayas (DOLE-7) is now adapting into the new normal of delivering employment facilitation programs and services. DOLE-7 regional director Salome Siaton said the new normal has been driving the agency to re-engineer procedures in… Read More
Lower SRP for imported pork in groceries, supermarkets eyed
February 9, 2021, 3:28 pm
MANILA – Department of Trade and Industry (DTI) Secretary Ramon Lopez said his office and the Department of Agriculture (DA) are now working out the suggested retail price (SRP) for imported pork in groceries and supermarkets. In a Palace briefing Tuesday, Lopez said the SRP of imported pork in… Read More
DTI-3 eyes more trade fairs to support C. Luzon MSMEs
February 9, 2021, 3:07 pm
CITY OF SAN FERNANDO, Pampanga – The Department of Trade and Industry in Region 3 (DTI-3) will continue to hold trade fairs to support the micro, small and medium enterprises (MSMEs) in Central Luzon amid the coronavirus disease 2019 (Covid-19) pandemic. DTI-3 officer-in-charge director Leonila… Read More
US stock market closes at record high with stimulus optimism
February 9, 2021, 12:30 pm
ANKARA – US stock market indexes closed Monday at record levels with stimulus optimism amid a faster recovery in the world's largest economy. The Dow Jones climbed to an all-time high of 31,386 points to close one point off that mark. The blue chip index is now on a six-day winning streak --… Read More
Composition of PSEi remains intact in latest index review
February 8, 2021, 8:14 pm
MANILA – The Philippine Stock Exchange, Inc. (PSE) announced that the PSE index (PSEi) will see no changes in its composition based on the regular stock performance review for the January to December 2020 period. Only companies with common stocks listed in the main board of the PSE for at… Read More
BSP rate hike to do little in addressing inflation: economist
February 8, 2021, 8:01 pm
MANILA – An economist discounted a hike in the Bangko Sentral ng Pilipinas’ (BSP) key rates on Thursday, citing this would do little to address the elevated prices of meat and fuel products to date. In a report, ING Bank Manila senior economist Nicholas Mapa said BSP Governor Benjamin… Read More
Cebu developer retains market leadership in VisMin
February 8, 2021, 7:54 pm
CEBU CITY – A publicly listed real estate developer has retained its market leadership in Visayas and Mindanao (VisMin) in 2020, according to a recent market study by property consultant Santos Knight Frank (SKF). The Cebu-based Cebu Landmasters Inc. (CLI) has the largest market share from… Read More
Salceda urges gov’t to boost agri dev't to survive economic woes
February 8, 2021, 7:25 pm
LEGAZPI CITY – For the country to survive the probability of an economic disaster due to high inflation, low growth, and unemployment spawned by the coronavirus disease 2019 (Covid-19) pandemic, the government is urged to boost agriculture development. Albay Rep. Joey Salceda in an interview… Read More
PH T-bills rates slip anew
February 8, 2021, 6:53 pm
MANILA – The rates of the Philippines Treasury bills (T-bills) declined anew Monday as domestic liquidity further boosted demand for debt securities. The rate of the 91-day paper slipped to 0.846 percent, the 182-day to 1.094 percent, and the 364-day to 1.446 percent. These were at 0.917… Read More
PH eyes renewal of US trade preference grant
February 8, 2021, 6:50 pm
MANILA – The Department of Trade and Industry (DTI) hopes the United States will renew the Generalized System of Preferences (GSP) grant to the country after it expired at the end-2020. “We expect that to be renewed… All countries with GSP are expecting a renewal of the GSP,” DTI… Read More
Stocks, peso end trade little changed
February 8, 2021, 6:03 pm
MANILA – Both the local stock barometer and the peso ended Monday sideways as investors stayed at the sidelines for developments this week. The Philippine Stock Exchange index (PSEi) rose 0.08 percent, or 5.30 points, to 7,024.48 points. All Shares increased by 0.37 percent, or 15.77 points,… Read More
Oil firms to raise prices anew this week
February 8, 2021, 4:48 pm
MANILA – Oil companies will increase their pump prices on Tuesday. In separate advisories, Chevron, Cleanfuel, Petro Gazz, Petron, PTT Philippines, Seaoil, and Shell will raise gasoline prices by PHP0.85 per liter and PHP1.10 per liter on diesel. Chevron, Petron, Seaoil, and Shell also… Read More
CREATE bill to boost employment recovery policy with 2M new jobs
February 8, 2021, 2:26 pm
MANILA – Department of Trade and Industry (DTI) Secretary Ramon Lopez said Monday the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act aiming to reduce corporate income tax will attract investments that will create more jobs. The recent bicameral approval of the… Read More
