Business
More Filipinos educated on intellectual property in 2020
January 12, 2021, 2:08 pm
MANILA – The year 2020 ended with more Filipinos made better informed and educated about intellectual property (IP) as the IP Office of the Philippines (IPOPHL) registered a record-high in attendees to its free learning workshops last year. The volume of participants in its weekly LEAP (Learn,… Read More
CLI posts P14.2-B reservation sales; eyes 15 residential projects
January 12, 2021, 2:04 pm
MANILA – Cebu Landmasters, Inc. (CLI), a leading developer in Visayas and Mindanao, disclosed record reservation sales of PHP14.25 billion in 2020, a 12.4-percent growth from the previous year’s PHP12.67 billion, amid the coronavirus. The figure represents 5,300 units sold across key cities… Read More
Oil prices down over reemergence of virus in China
January 11, 2021, 8:40 pm
ANKARA – After reaching 11-month highs last week, oil prices fell on Monday as China reported the most rise in daily coronavirus cases in more than five months, reigniting lingering concerns over weak demand. International benchmark Brent crude was trading at USD55.19 per barrel at 0702 GMT for… Read More
BIR, BOC overshoot DBCC revenue targets in 2020
January 11, 2021, 8:32 pm
MANILA – The Bureau of Internal Revenue (BIR) and Bureau of Customs (BOC) have collected a combined PHP2.43 trillion in 2020 despite the economic downturn resulting from the coronavirus disease 2019 (Covid-19) pandemic, according to preliminary data from the Department of Finance (DOF). A… Read More
More investments seen for PH after latest ratings affirmation
January 11, 2021, 7:43 pm
MANILA – Fitch Ratings’ affirmation of its ‘BBB’ investment grade rating with stable outlook for the Philippines’ is expected to attract more investments given the country’s improved fundamentals. In a reply to e-mailed questions from PNA, Rizal Commercial Banking Corporation chief… Read More
Stocks improve; peso sustains sideways close vs. dollar
January 11, 2021, 6:57 pm
MANILA – The local stock barometer managed to end Monday with gains despite anxieties on the pandemic while the peso continues with its sideways close against the greenback. The Philippine Stock Exchange index (PSEi) gained 0.21 percent, or 14.91 points, to 7,304.79 points. All Shares followed… Read More
Cha-cha untimely amid pandemic: PCCI
January 11, 2021, 5:43 pm
MANILA – Lawmakers should focus on passing bills that will help in economic recovery and building the country’s resiliency rather than amending the Constitution, the Philippine Chamber of Commerce and Industry (PCCI) said. “PCCI is cautious at the timing and manner by which the Constitution… Read More
T-bill rates decline across the board
January 11, 2021, 5:40 pm
MANILA – The rates of the Philippines’ Treasury bills (T-bills) declined across the board Monday in line with the path of domestic interest rates. Average rate of the 91-day paper slipped to 0.977 percent, the 182-day to 1.360 percent, and the 364-day to 1.605 percent. These were at 0.987… Read More
Fuel prices up anew Tuesday
January 11, 2021, 4:55 pm
MANILA – Fuel prices will rise anew starting Tuesday morning, making the second consecutive week of price increase. In separate advisories, Chevron, Cleanfuel, Petro Gazz, PTT Philippines, Seaoil, Shell, Total and Petron said they will hike gasoline prices by PHP0.85 per liter and PHP0.30 per… Read More
DTI sets up testing facility for cement
January 9, 2021, 1:47 pm
MANILA – The Department of Trade and Industry (DTI) said it is setting up a new testing facility for cement this year to strengthen the country’s testing capabilities. In an interview with radio program 'Konsyumer ATBP.' on Saturday, DTI Bureau of Product Standards (BPS) director Neil Catajay… Read More
Rate of BSP’s 28-day bills declines
January 8, 2021, 7:20 pm
MANILA – The normalization of domestic liquidity after the Christmas holidays resulted in a drop in the interest rate of the Bangko Sentral ng Pilipinas’ (BSP) 28-day bills amid strong demand. Data released by the central bank showed that the rate of the 28-day securities declined to 1.6607… Read More
PH stocks end week up, peso finishes sideways vs. US dollar
January 8, 2021, 5:25 pm
MANILA – Philippine shares ended the week up after the confirmation of US President-elect Joe Biden’s win while the peso continues its sideways close against the greenback. The Philippine Stock Exchange index (PSEi) ended the week’s trade up by 2.39 percent, or 170.27 points, to 7,289.88… Read More
Petron approved as Bataan freeport registered enterprise
January 8, 2021, 4:08 pm
MARIVELES, Bataan – The Authority of the Freeport Area of Bataan (AFAB) announced on Friday the approval of the application of Petron Corporation as one of the registered enterprises of the Freeport Area of Bataan here. AFAB information officer Hazel Keith Ellorin said Petron located inside the… Read More
Set up 'e-biz one-stop shop' before June 17, ARTA reminds LGUs
January 8, 2021, 2:45 pm
MANILA – The Anti-Red Tape Authority (ARTA) on Friday reminded local government units (LGUs) to automate their transactions before June 17, 2021, by putting up the electronic Business One-Stop Shop or the e-BOSS. ARTA Director General Jeremiah Belgica led the on-the-spot inspections in Metro… Read More
Withdrawal of pandemic measures prudent, data-driven: BSP
January 7, 2021, 7:56 pm
MANILA – Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said on Thursday any move to end measures to address the pandemic’s economic impact will be made cautiously and will be data-driven. In his speech during the 27th membership meeting of the Rotary Club of Manila, he said… Read More
Stocks index recovers; peso nearly flat vs. dollar
January 7, 2021, 6:53 pm
MANILA – The main equities index recovered Thursday after a two-day slide while the peso sustained its sideways close against the US dollar partly on investors’ continued watch of the political developments in the US. The Philippine Stock Exchange index (PSEi) improved by 1.02 percent, or… Read More
Oil up on inventory fall, protests in US
January 7, 2021, 6:47 pm
ANKARA – Oil prices were up on Thursday over a more-than-expected decline in US crude oil inventories and on clashes between supporters of US President Donald Trump and the police in the Capitol in Washington. International benchmark Brent crude was trading at USD54.80 per barrel at 0706 GMT… Read More
Mobile internet traffic spiked during new normal holidays: Globe
January 7, 2021, 6:29 pm
MANILA – Demand for connectivity has spiked during holidays in the new normal, according to telecommunications provider Globe Telecoms (Globe) on Thursday. In a statement, Globe said internet traffic steadily increased from November until the end of 2020 with a 12 percent spike in customer’s… Read More
AI helping mitigate Covid-19 impact on APEC economies
January 7, 2021, 5:20 pm
JAKARTA – A recent report from the APEC Business Advisory Council (ABAC) has revealed that artificial intelligence (AI) is playing a role in mitigating the short- and long-term effects of the coronavirus disease 2019 (Covid-19) pandemic on Asia-Pacific Economic Cooperation (APEC)… Read More
Authorities study possible enhancements on BSP securities
January 7, 2021, 4:52 pm
MANILA – Philippine monetary authorities are considering the inclusion of more eligible participants that will be allowed to take part in the central bank’s securities auctions as demand for government-issued paper continues to remain high. In a virtual briefing Thursday, Bangko Sentral ng… Read More
