Business
PSEi rises, peso slips on political factors
October 12, 2020, 7:02 pm
MANILA – The Philippine Stock Exchange index (PSEi) finished the week’s first trading day up, but the peso depreciated against the US dollar, partly due to the political bickering in the House of Representatives. The main equities index rose by 0.09 percent, or 5.44 points, to 5,937.05… Read More
Pampanga quarry sector nets P290-M revenue from May-September
October 12, 2020, 4:54 pm
CITY OF SAN FERNANDO, Pampanga – The quarry sector in this province is back on track, generating PHP289.6 million in revenues during five months of community quarantine due to the coronavirus disease 2019 (Covid-19). Provincial Administrator Charlie Chua said on Monday that the five-month… Read More
Monthly auto sales recover in September
October 12, 2020, 4:39 pm
MANILA – The month-on-month sales of local assemblers recovered in September as the government eased lockdown measures in Metro Manila. Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) reported Monday that the industry group’s sales in September jumped by 37 percent to… Read More
Gasoline prices down, diesel and kerosene up on Oct. 13
October 12, 2020, 4:06 pm
MANILA – Oil firms have announced adjustments on prices of their products starting Tuesday morning. In separate advisories, oil players Cleanfuel, Flying V, Petro Gazz, Petron, Seaoil, Shell, and Total will slash gasoline prices by PHP0.10 per liter, and will increase diesel prices by PHP0.45… Read More
PH T-bill rates down
October 12, 2020, 3:37 pm
MANILA – Treasury bill (T-bills) rates declined across-the-board Monday, which National Treasurer Rosalia de Leon traced to a low interest rate and low inflation rate environment. Average rate of the three-month paper slipped to 1.088 percent, the six-month to 1.598 percent, and the one-year to… Read More
Gov’t cancels Panda, Samurai bonds issuance
October 12, 2020, 3:29 pm
MANILA – The Philippine government will not tap both the Japanese and Chinese debt markets this year as domestic fund raising activities are enough to address requirements. “No more,” National Treasurer Rosalia de Leon told journalists in a Viber message Monday. The government originally… Read More
Landbank open to hike P3-B loan facility for bus modernization
October 12, 2020, 2:45 pm
MANILA – State-owned Land Bank of the Philippines (Landbank) is willing to increase its PHP3-billion lending facility for the government’s bus modernization program if additional needs arise. “Yes, if there will be a need and also if the program or the availers prove to be viable,”… Read More
US grants $213-M aid for PH poverty reduction program
October 12, 2020, 2:23 pm
MANILA – The United States has extended a USD213-million grant to the Philippines to finance a program that aims to reduce poverty, promote private-sector-led growth, and strengthen good governance in the country. On behalf of the Philippine government, Finance Secretary Carlos Dominguez III… Read More
MG motors PH opens Zambo City branch
October 10, 2020, 7:45 pm
ZAMBOANGA CITY – Local government officials are elated that despite the prevailing health pandemic, MG Motors-Philippines still pushed through with Saturday's opening of its branch here.Mayor Maria Isabelle Climaco-Salazar, the event’s guest of honor, said the opening of the MG… Read More
Pampanga housing project posts record sales of over 1K units
October 10, 2020, 3:29 pm
MABALACAT CITY, Pampanga – Demands for affordable and ready for occupancy housing units remained steady in the province amid the coronavirus disease (Covid-19) pandemic as evidence of continuing brisk sales enjoyed by property developer Westchester Realty Corporation (WRC). "We are selling like… Read More
All systems go for nat'l ID registration: Chua
October 9, 2020, 7:11 pm
MANILA – It’s all systems go for the registration of an initial nine million Filipinos under the national ID system starting Monday (October 12), Acting Socioeconomic Planning Secretary Karl Kendrick Chua said. “We have sufficient budget to begin the registration this year. And we are… Read More
Rate of BSP's 28-day paper rises
October 9, 2020, 6:08 pm
MANILA – Average rate of the Bangko Sentral ng Pilipinas’ (BSP) 28-day securities inched up Friday due to strong demand. Data released by the central bank showed that the rate of debt paper rose to 1.8487 percent from 1.8423 percent during the auction for the same tenor last October 2. BSP… Read More
PH peso ends week up vs. USD, stocks index slips
October 9, 2020, 5:53 pm
MANILA – The Philippine peso ended the week sideways against the US dollar on positive news both here and abroad but the Philippine Stock Exchange index (PSEi) finished in the red. The local currency finished the trade on Friday at 48.305 from 48.355 the previous day, which Rizal Commercial… Read More
PH continues to improve investment climate: US report
October 9, 2020, 5:05 pm
MANILA – The United States Department of State (DOS) has recognized the improvements in the Philippines’ investment climate in its latest 2020 Investment Climate Statements. The USDOS mentioned reforms made by the Duterte administration that helped improve the business climate in the country.… Read More
ITBPO sector continues to invest heavily in manpower
October 9, 2020, 3:27 pm
MANILA – The coronavirus disease 2019 (Covid-19) pandemic did not stop players in the information technology and business process outsourcing (ITBPO) industry to invest in their workforce, executives of the IT and Business Process Association of the Philippines (IBPAP) said Friday. IBPAP… Read More
BSP's financial market liquidity infusion reaches P1.9T
October 9, 2020, 3:23 pm
MANILA – Liquidity infusion by the Bangko Sentral ng Pilipinas (BSP) to the domestic financial system has reached about PHP1.9 trillion to date and this amount is aimed at helping ensure robust economic activities. In a message to journalists Friday, BSP Governor Benjamin Diokno said the amount… Read More
Siquijor vendors receive P500-K livelihood kit
October 9, 2020, 3:13 pm
CEBU CITY – A total of 27 vendors in Siquijor province have received PHP540,000 worth of livelihood package from the government, the Department of Labor and Employment (DOLE) in Central Visayas said on Friday. Distributed were Nego-Karts or Negosyo sa Kariton kits to vendors from the… Read More
Central Luzon MSMEs to showcase best products in trade fair
October 9, 2020, 2:19 pm
CITY OF SAN FERNANDO, Pampanga – Entrepreneurs from the seven provinces in Region 3 will have the opportunity to showcase their products amid the coronavirus disease (Covid-19) crisis in the virtual Likha ng Central Luzon trade fair on Oct.13-17. Judith Angeles, regional director of the… Read More
Raps set vs. perpetrators of UCBP cyber heist
October 8, 2020, 7:39 pm
MANILA – Officials of the United Coconut Planters Bank (UCPB) are set to file charges against the perpetrators of the cyber theft that cost the bank some PHP167 billion in June 2020. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno, in a virtual briefing Thursday, said the National… Read More
RTL funds RCEF, other agri programs
October 8, 2020, 7:39 pm
MANILA – The revenues collected from the Rice Tariffication Law (RTL) are not only funneled to Rice Competitiveness and Enhancement Fund (RCEF) but also other programs that will further boost the agriculture sector. RTL, which took effect in March last year, mandates the allocation of PHP10… Read More
