Business
Agribusiness, processing seen to be PH’s sunrise agri subsector
September 2, 2020, 7:06 pm
MANILA – Department of Agriculture Secretary William Dar has identified sunrise subsectors in agriculture amid the coronavirus disease (Covid-19) pandemic. “Agribusiness will continue to be the emerging subsector in agriculture, much more processing industry,” Dar said during Wednesday’s… Read More
ARTA applies strategy on telco to speed up water projects
September 2, 2020, 5:47 pm
MANILA – The Anti-Red Tape Authority (ARTA) on Wednesday said it will apply a similar strategy on the telecommunications sector to fast-track the review and approval of key water-resource projects. In a statement, ARTA Director General Jeremiah Belgica said the agency heed the instruction of… Read More
Peso ends sideways vs. USD; stocks index falls anew
September 2, 2020, 5:43 pm
MANILA – The peso ended Wednesday sideways against the US dollar but the Philippine Stock Exchange index (PSEi) ended in the negative territory. The main equities index finished the trade down by 1.05 percent, or 60.85 points, to 5,738.39 points. Most other counters tracked the main gauge,… Read More
Int'l air passenger demand drops by 91.9% in July
September 2, 2020, 4:39 pm
ISTANBUL – The international air passenger demand dropped dramatically by 91.9 percent in July, year-on-year, the International Air Transport Association (IATA) announced on Tuesday. The demand saw a slight recovery from the previous month, when the demand posted 96.8 percent annual decline, the… Read More
Proposed FIST law ensures faster economic recovery: DOF chief
September 2, 2020, 4:07 pm
MANILA – Finance Secretary Carlos Dominguez III said Wednesday that swift action to preserve the asset quality of banking institutions will ensure the continued strength of the financial sector which, in turn, will help the economy recover faster from the global health and economic crises… Read More
Aboitiz Group reassures continuous business ops amid Covid-19
September 2, 2020, 4:02 pm
CEBU CITY – The Aboitiz Group has reassured customers of its continuous operation while imposing health and safety protocols due to the coronavirus disease 2019 (Covid-19) pandemic. This, as the firm manages critical industries such as power, banking and financial services, food, land, and… Read More
Cebu biz recovery roadmap serves as model for Bacolod, Iloilo
September 2, 2020, 3:58 pm
CEBU CITY – The Project Balik Buhay (PBB), a business recovery roadmap that has been implemented in Cebu, will also serve as a model for businesses in the cities of Bacolod and Iloilo, the deputy chief implementer for the Visayas said. Melquiades Feliciano, Inter-Agency Task Force for the… Read More
LGUs to decide on opening of computer shops, gyms: DTI
September 2, 2020, 3:54 pm
MANILA – Trade Secretary Ramon Lopez said they would let the local government units (LGUs) decide on the timing of the opening of Internet cafes and gyms in their areas. “The opening of Internet cafes, we leave it to the LGUs as to the timing because some will need more preparations,… Read More
CA upholds BSP, PDIC closure of Batangas rural bank
September 2, 2020, 2:40 pm
MANILA – A ruling by the Court of Appeals (CA) upheld a decision of government banking regulators to shut down a rural bank in Batangas in 2018 for serious lapses in its management. In a 20-page decision written by Associate Justice Ramon Bato Jr. dated August 25 and made available on Tuesday,… Read More
GSIS suspends reporting requirement until yearend
September 1, 2020, 9:40 pm
MANILA – The Government Service Insurance System (GSIS) has suspended until end-2020 the annual pensioner’s information revalidation (APIR) to lessen pensioners’ chances of catching the coronavirus disease (Covid-19). In an interview during the Laging Handa public briefing Tuesday, GSIS… Read More
T-bill rates post upticks
September 1, 2020, 9:31 pm
MANLA – Rates of the Philippines treasury bills (T-bills) rose Monday but National Treasurer Rosalia de Leon said this remained generally low given the high liquidity situation in the domestic economy. Average rate of the 91-day debt paper rose to 1.18 percent, the 182-day to 1.421 percent, and… Read More
GSIS lines up 3 new loan programs
September 1, 2020, 9:24 pm
MANILA – The Government Service Insurance System (GSIS) has stopped accepting emergency loan applications vis-à-vis the pandemic but has lined up three other loans programs that will address the needs of its members. In an interview during the Laging Handa public briefing program aired over… Read More
Mandaue Business Month highlights ‘adaptability’ during pandemic
September 1, 2020, 8:03 pm
MANDAUE CITY, Cebu – A business community in this industrial city is highlighting adaptability amid the coronavirus disease 2019 (Covid-19) pandemic and its significant effect on the economy in celebrating this year’s Mandaue Business Month (MBM). The Mandaue Chamber of Commerce and Industry… Read More
Peso starts week sideways vs. USD, stocks index slides
September 1, 2020, 7:02 pm
MANILA – The peso ended sideways against the US dollar on Tuesday while the main equities index slipped as concerns over anti-China issues rose. The Philippine Stock Exchange index (PSEi) shed 1.44 percent, or 84.94 points, to 5,799.24 points. All Shares contracted by 0.94 percent, or 33.32… Read More
Promoting digital literacy boosts e-payments in PH
September 1, 2020, 5:59 pm
MANILA – Addressing people’s doubts on digital financing transactions is among the key factors to further increase the share of electronic payments in the overall landscape in the Philippines. In her presentation during the virtual forum on Tuesday, Bangko Sentral ng Pilipinas (BSP) Assistant… Read More
Peso among Asia’s strongest currencies amid mild inflation
September 1, 2020, 2:16 pm
MANILA – The Philippine peso has emerged as among Asia’s strongest currencies even amid a pandemic-induced global economic downturn as a result of the country’s mild inflation rate and a balance of payments (BOP) surplus reflected in its record-high foreign currency reserves as of June this… Read More
PH awaits action from Brazil before lifting ban on imported meat
September 1, 2020, 11:31 am
MANILA – The Philippine government is waiting for the responses from Brazil to ensure that their meat exports to the country are safe and free from coronavirus disease 2019 (Covid-19), Department of Trade and Industry (DTI) Secretary Ramon Lopez said Tuesday. In a radio interview, Lopez said he… Read More
PH manufacturing index reaches 3-month low in August
September 1, 2020, 11:27 am
MANILA – The country’s manufacturing purchasing managers’ index (PMI) recorded its lowest score in three months in August. IHS Markit Philippines Manufacturing PMI for August 2020 recorded a score of 47.3 from 48.4 in July. The manufacturing index in June was close to stable condition at… Read More
Food-related online community flourishes during lockdown
August 31, 2020, 9:02 pm
MANILA – There is a saying that food connects people, and this is being greatly experienced now with Facebook groups registering exponential growth in membership during the lockdowns. Chariza Salgado, a public relations practitioner and one of the administrators of Let’s Cook Pare?, a… Read More
SEC gets ISO certification for all core services
August 31, 2020, 8:29 pm
MANILA – The Securities and Exchange Commission (SEC) has successfully attained ISO 9001:2015 certification for its quality management system covering all core services across its main and extension offices. Such certification attests to the Commission’s adherence to world-class standards in… Read More
