Business
Neighborhood online group turns into food biz, delivery platform
October 5, 2020, 10:06 am
MALOLOS, Bulacan – Food delivery mobile applications are much-used platforms when ordering food even before the pandemic, most of them only available in urban areas. At the onset of Covid-19 pandemic in the country, the government has implemented quarantine measures. Many businesses were… Read More
ARTA inks MOU with PCCI to boost ease of doing business in PH
October 4, 2020, 4:33 pm
MANILA – The Anti-Red Tape Authority (ARTA) signed a partnership with the Philippine Chamber of Commerce and Industry (PCCI) that is expected to boost the ease of doing business and eliminate red tape in the government. ARTA Director General Jeremiah Belgica and PCCI President Benedicto Yujuico… Read More
BSP securities' rate barely changed
October 3, 2020, 11:15 am
MANILA – The rate of the Bangko Sentral ng Pilipinas’ (BSP) 28-day securities was little changed Friday and the offering continues to remain oversubscribed. Data released by the central bank showed that the average yield of the debt paper inched up to 1.8423 percent from 1.8422 percent during… Read More
Port of Subic exceeds monthly target anew with P2.77-B collection
October 2, 2020, 8:45 pm
SUBIC BAY FREEPORT – The Bureau of Customs-Port of Subic announced on Friday that it collected PHP2.77 billion in revenue taxes for the month of September, which is 50 percent over its monthly target. Port of Subic Collector Maritess Martin said that while there remain some restrictions in port… Read More
PH to study Russia’s VAT monitoring system
October 2, 2020, 7:17 pm
MANILA – Finance Secretary Carlos Dominguez III has indicated the government’s willingness to study Russia’s value-added tax (VAT) monitoring system after a Russian diplomat pledged to help the Bureau of Internal Revenue (BIR) regarding the matter. In a Viber message to journalists Friday,… Read More
PH stocks, peso end week up
October 2, 2020, 7:11 pm
MANILA – Risk-on sentiments reigned on the local bourse Friday resulting in the positive close of all the counters and the peso ended sideways. The Philippine Stock Exchange index (PSEi) rose for the third consecutive day after it jumped by 0.92 percent, or 54.53 points, to 5,999.40 points. All… Read More
Biz in GCQ areas may increase capacity starting Oct. 3
October 2, 2020, 5:57 pm
MANILA – The Department of Trade and Industry (DTI) has issued a memorandum circular (MC) allowing businesses listed under Categories II and III in areas under general community quarantine (GCQ) to operate at full capacity starting Saturday.MC No. 20-52 lists business establishments and… Read More
BSP forecasts to keep key rates steady until end-2020
October 2, 2020, 3:09 pm
MANILA – The Bangko Sentral ng Pilipinas (BSP) is projected to keep key rates steady until end-2020 because of within-target inflation rate and the need for more fiscal policy measures rather than monetary policy aid. This, after the central bank’s policy-making Monetary Board (MB) kept for… Read More
PH franchise sector to bounce back in 2025
October 2, 2020, 2:26 pm
MANILA – It would take five years for the local franchise sector to bounce back and exceed the current number of outlets as the coronavirus disease 2019 (Covid-19) pandemic forced some franchise holders to close their businesses. In a virtual briefing Friday, Philippine Franchise Association… Read More
7-Eleven partners with DOH to beat Covid-19 at community level
October 1, 2020, 9:24 pm
MANILA – Philippine Seven Corporation (PSC), the exclusive licensor of 7-Eleven in the Philippines, has partnered with the Department of Health’s (DOH) BIDA Solusyon campaign to take the fight against coronavirus disease 2019 (Covid-19) to the barangay level. After its store personnel… Read More
PSE approves Converge’s P41.55-B IPO
October 1, 2020, 8:43 pm
MANILA – The Philippine Stock Exchange Inc. (PSE) has approved the initial public offering (IPO) application of Converge Information and Communications Technology Solutions Inc. (Converge). The internet provider targets to raise PHP36.13 billion from the sale of up to 480.84 million primary… Read More
BSP okays gov’t request for P540-B funding boost
October 1, 2020, 7:40 pm
MANILA – The Bangko Sentral ng Pilipinas’ (BSP) policy-making Monetary Board (MB) has approved the national government’s request for an additional PHP540 billion in provisional advances. In a Viber message to journalists on Thursday, BSP Governor Benjamin Diokno said the Board’s… Read More
BSP keeps key rates anew
October 1, 2020, 7:37 pm
MANILA – The Bangko Sentral ng Pilipinas (BSP) on Thursday kept anew its key policy rates to further allow earlier rate reductions to work their way into the economy. The overnight reverse repurchase (RRP) facility rate remains at 2.25 percent, the overnight repurchase (RP) rate is at 2.75… Read More
Gov’t targets 10% energy savings
October 1, 2020, 7:32 pm
MANILA – The Department of Energy (DOE) has called on national government agencies (NGAs) and local government units (LGUs) to observe energy efficiency and conservation in their respective offices through cutting fuel and electricity consumption by at least 10 percent. DOE Energy Utilization… Read More
Business exec lauds jumpstart program to re-open economy
October 1, 2020, 7:13 pm
DUMAGUETE CITY – A ranking official of the Philippine Chamber of Commerce and Industry (PCCI) in Region 7 has lauded the government’s tourism jumpstart program that would help to re-open the economy in the provinces amid the coronavirus disease (Covid-19) pandemic. Edward Du, the PCCI regional… Read More
DTI opens 18th Negosyo Center in Pampanga
October 1, 2020, 6:49 pm
CITY OF SAN FERNANDO, Pampanga – The Department of Trade and Industry (DTI) opened on Thursday a Negosyo Center in Bacolor, this province to help more micro, small and medium enterprises (MSMEs) amid the coronavirus disease 2019 (Covid-19) pandemic. DTI Regional Director Judith P. Angeles,… Read More
DTI wants to lift curfew for resto, fast-food businesses
October 1, 2020, 5:27 pm
MANILA – The Department of Trade and Industry (DTI) wants to further relax rules for restaurants and fast-food establishments by allowing them to operate 24 hours. During the Laging Handa public briefing on Thursday, Trade Secretary Ramon Lopez said they are asking local government units (LGUs)… Read More
Stocks rise anew; peso keeps ground
October 1, 2020, 4:53 pm
MANILA – A slew of positive economic news both here and overseas boosted the Philippine Stock Exchange index (PSEi) on Thursday, which backed the peso. The main equities index rose by 1.38 percent, or 80.64 points, to 5,944.87 points. All Shares increased by 0.95 percent, or 33.43 points, to… Read More
APEC finance ministers to advance Covid-19 response, recovery
October 1, 2020, 3:01 pm
JAKARTA – Finance ministers from 21 Asia-Pacific Economic Cooperation (APEC) member economies have pledged to continue to use all available policy tools to support the immediate response to the coronavirus disease (Covid-19) pandemic and move towards a strong, sustainable, balanced, and… Read More
Bank economist forecasts September inflation at 2.3%
October 1, 2020, 1:43 pm
MANILA – The country’s inflation rate was projected at around 2.3 percent in September due to lower demand, drop in energy prices, and stronger peso, an ING Bank Manila economist said Thursday. “Price gains will dip from the previous month despite base effects as the economy remains in… Read More
