Business
Premyo Bond holder wins condo unit, PHP1-M cash from gov't
September 26, 2020, 8:37 am
MANILA – A retail investor who paid his Premyo Bond placements through the Land Bank of the Philippines (Landbank) won the grand prize in Friday’s quarterly electronic raffle draw for this debt paper. The winner, who won a condominium unit from Megaworld and a PHP1-million cash prize, was… Read More
DTI pushes for product localization to save jobs
September 25, 2020, 5:59 pm
MANILA – Department of Trade and Industry (DTI) Secretary Ramon Lopez said the country must be less reliant on imports particularly for products that are essential during the pandemic. In his keynote speech at the Bayanihan: Rebuild Industries and Save Jobs in Laguna and Cavite on Friday, Lopez… Read More
Korean Air cancels Incheon-Manila flights for 18 days in October
September 25, 2020, 5:20 pm
MANILA -- South Korea's flag carrier, Korean Air (KE), will not be operating an Incheon-Manila flight for 18 days in October due to the latter's quarantine capacity constraints. In an advisory posted on its Facebook page on Friday, the carrier said flight KE623 will not be operational on Oct.… Read More
Entry-level, commercial vehicles to drive PH car market
September 25, 2020, 5:13 pm
MANILA – Entry-level vehicles and those that are used for businesses will drive the Philippine car market until the end of the year. KIA Philippines president Emmanuel Aligada, in a virtual media launch of the new Stonic on Friday, said the new sales target of the industry for this year is… Read More
PH stocks index slips, peso gains vs. USD
September 25, 2020, 4:56 pm
MANILA – The Philippine Stock Exchange index (PSEi) ended the week on the negative but the peso managed to improve against the US dollar despite the negative sentiments. The main stocks index shed 0.12 percent, or 7.14 points, to 5,838.66 points. All Shares ended the week with a 0.04 percent, or… Read More
Bacolod City ‘most business-friendly’ LGU award finalist anew
September 25, 2020, 3:33 pm
BACOLOD CITY – Mayor Evelio Leonardia said on Friday that the recognition received by the city as national finalist in the 2020 Most Business-Friendly Local Government Unit (LGU) Awards serves as an inspiration amid its continuing battle against the coronavirus disease 2019 (Covid-19). “We are… Read More
PLDT assures stable internet connection during maintenance works
September 25, 2020, 8:12 am
MANILA – Telecommunications firm PLDT has assured its subscribers that internet connection would be stable during the emergency maintenance works of the Asia-America Gateway (AAG), one of its international cable systems. “We’re keeping you connected to ensure that you and your family… Read More
SEC clears Converge's market debut
September 24, 2020, 8:09 pm
MANILA – The Securities and Exchange Commission (SEC) has considered favorably the initial public offering of Converge Information and Communications Technology Solutions, Inc. for a maximum of about PHP41.55 billion. In its meeting on Sept. 24, the Commission en banc resolved to render… Read More
AMRO revises ’20 GDP forecasts for Asean+3
September 24, 2020, 8:03 pm
MANILA – The Asean+3 Macroeconomic Research Office (AMRO) has slashed its 2020 and 2021 growth projections for the region, citing the severe impact of the pandemic but expects strong rebound next year due to containment measures. In a report Thursday, AMRO now projects a -0.3 percent… Read More
SEC reminds public anew to only engage with certified lenders
September 24, 2020, 7:58 pm
CEBU CITY – The Securities and Exchange Commission (SEC) here has reminded the public to only transact with certified money lending companies to be protected by law as it notably sees a surge in engagement amid the crisis brought about by the coronavirus disease 2019 (Covid-19) pandemic. Lawyer… Read More
Consumers, businesses outlook turn negative in Q3
September 24, 2020, 7:15 pm
MANILA – Sentiments of both the consumers and businesses turned negative in the third quarter of the year due to worries on the impact of the coronavirus disease (Covid-19) pandemic. The results of the Bangko Sentral ng Pilipinas’ (BSP) third quarter 2020 Consumer Expectations Survey (CES)… Read More
ARTA calls for digitalization in gov’t transactions
September 24, 2020, 7:11 pm
MANILA – Anti-Red Tape Authority (ARTA) Director General Jeremiah Belgica has reiterated his call to streamline processes in government transactions and use digital platforms amid the new normal. At the Palace briefing Thursday, Belgica reminded local government units (LGUs) and national… Read More
BSP sets 24% annual interest rate ceiling for credit card fees
September 24, 2020, 7:07 pm
MANILA – The ceiling for the annual interest rate for credit card transactions has been set to 24 percent or maximum of 2 percent per month, effective Nov. 3, 2020. In a virtual briefing Thursday, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said no other charges may be imposed by… Read More
Improve quarantine facilities; suspend data privacy, gov’t urged
September 24, 2020, 7:03 pm
MANILA – Business groups have called on the government to improve the condition of the quarantine facilities in the country and the suspension of the Data Privacy Act that would help in tracing individuals who possibly contracted the coronavirus. At the virtual media launch of the 46th… Read More
PAL turns over donations to OFWs in Beirut
September 24, 2020, 6:47 pm
MANILA – The Philippine Airlines (PAL) said on Thursday it turned over the Lucio Tan Group's donations to overseas Filipino workers (OFWs) residing in Beirut, Lebanon. PAL spokesperson Cielo Villaluna said the carrier will also fly to Beirut on Friday to fetch some 300 OFWs as part of the… Read More
Stock index slips anew, peso ends sideways
September 24, 2020, 4:48 pm
MANILA – The Philippine Stock Exchange index (PSEi) slipped for the third consecutive day Thursday while the peso ended sideways against the greenback on pandemic-related worries. The main stocks index shed 0.80 percent, or 46.92 points, to 5,845.80 points. All Shares followed with a 0.65… Read More
PH eyed as manufacturing hub for electric vehicle components
September 24, 2020, 4:43 pm
MANILA – The Philippines can be a regional hub for the manufacturing of electric vehicle (EV) components such as auto-electronics, charging stations, and battery, the country’s top official said Thursday. Speaking at the 8th Philippine Electric Vehicle Summit held online Thursday, Department… Read More
Innovation helps MSMEs stay relevant amid pandemic
September 24, 2020, 3:44 pm
MANILA – The Department of Trade and Industry (DTI) supports the Department of Science and Technology’s (DOST) push for innovation that would help entrepreneurs survive amid the global health crisis. At DOST’s Science for the People book launch Thursday, DTI Secretary Ramon Lopez said the… Read More
Globe, Smart receive int’l acclaim for improved mobile services
September 24, 2020, 7:51 am
MANILA – The country’s two telecommunications (telecom) companies have been recognized by independent mobile analytics firm, Opensignal, for marked improvements in their services compared to other telecom companies (telco) worldwide. In a statement on Wednesday, Globe Telecom was recognized by… Read More
Manulife survey shows Filipinos value health, family
September 23, 2020, 9:03 pm
MANILA – The current pandemic increased Filipinos’ desire to ensure their overall well-being to further protect their families, a study by Manulife Philippines showed. While most want to ensure the health and welfare of their families, this is far from the reality due to the gap in their… Read More
