Business
Toktok execs hopeful on delivery service ops amid pandemic
August 31, 2020, 6:56 pm
MANILA – Executives of Toktok PH, a delivery service provider, are optimistic on their operations as more people turn to this service to lessen exposure to the coronavirus disease 2019 (Covid-19). Jeffrey Ang, Toktok PH Director for Marketing, said online delivery has become a necessity “to… Read More
Gasoline up; diesel, kerosene prices down Sept. 1
August 31, 2020, 3:12 pm
MANILA – Motorists will expect slightly higher prices of gasoline and lower diesel and kerosene prices as the new month comes. Starting morning of September 1, oil companies such as Cleanfuel, Petro Gazz, Seaoil, and Shell announced that gasoline prices will increase by PHP0.10 per liter while… Read More
Add’l funding for Covid-19 at $10.94-B in 2020
August 31, 2020, 2:34 pm
MANILA – The country’s official development assistance (ODA) portfolio as of December 2019 stood at USD21.62 billion, while additional ODA funding of around USD10.94 billion was recorded for the coronavirus disease 2019 (Covid-19) pandemic response as of August 5, 2020. In the… Read More
More Mega Manila businesses to open Sept. 1
August 31, 2020, 2:30 pm
MANILA – More businesses in Metro Manila, Bulacan, Cavite, Laguna, and Rizal are set to open starting September 1. During the Laging Handa briefing Monday, Department of Trade and Industry (DTI) Secretary Ramon Lopez said gyms, fitness centers, sports facilities, testing and tutorial centers,… Read More
DMCI Homes expands Acacia Estates with new project
August 29, 2020, 5:45 pm
MANILA – Quadruple A developer DMCI Homes is looking to maximize its largest land bank located in Taguig City—Acacia Estates—to help the company weather the challenges of the coronavirus pandemic. DMCI Homes President Alfredo Austria said the company is mulling to build another residential… Read More
SMC lauds Malolos bishop for donating payment to residents
August 29, 2020, 5:42 pm
MANILA – After receiving lump-sum cash assistance to build their own houses inland or start anew in their provinces, former coastal settlers at what will be the site of the country’s largest and most modern international airport has received another windfall, thanks in large part to Malolos… Read More
83 Zambo entrepreneurs to complete DTI mentoring seminar
August 29, 2020, 4:33 pm
ZAMBOANGA CITY – Some 83 mentee-entrepreneurs are set to graduate next month from the Department of Trade and Industry's (DTI) Kapatid Mentor Me - Money and Market Encounter (KMME-MME) training-seminar.DTI 9 (Zamboanga Peninsula) Director Ceferino Rubio said Saturday the would-be graduates… Read More
Rockwell Land eyes more developments
August 28, 2020, 10:28 pm
MANILA – Rockwell Land Corp. is looking to develop more properties outside the National Capital Region amid the coronavirus disease 2019 (Covid-19) pandemic. During the company’s annual stockholders’ meeting Friday, the company shared changes in its plans brought about by market needs… Read More
DOF exec cites factors for eco managers' support for Bayanihan 2
August 28, 2020, 9:01 pm
MANILA – A ranking Department of Finance (DOF) official on Friday said the agency is supporting the PHP140-billion Bayanihan 2 over the other proposed stimulus packages, noting the “amount is something that the government can execute”. “The PHP140 billion already took into account,… Read More
GERI turns over P3-B completed projects this year
August 28, 2020, 8:57 pm
MANILA – Global-Estate Resorts, Inc. (GERI), Megaworld’s subsidiary brand for integrated lifestyle and tourism estates, is turning over PHP3 billion worth of residential and commercial projects this year. These project turnovers include residential units and commercial lots at Boracay… Read More
Former BSP exec cites possible boost to gov’t stimulus funds
August 28, 2020, 7:56 pm
MANILA – The government has the capacity to re-allocate budgets for infrastructure projects that cannot be implemented in the remaining months of 2020 for social protection programs, a former monetary authority said. During the virtual briefing of the Shareholders’ Association of the… Read More
Peso recovers, equities index declines anew
August 28, 2020, 7:34 pm
MANILA – The peso recovered Friday, ending the week near its four-year high against the US dollar but the Philippine Stock Exchange index (PSEi) fell anew due to correction. The local currency ended the week’s trade at 48.485 to the greenback, its strongest after its 48.48 close on Nov. 4,… Read More
UK, Asean vow to boost economic cooperation amid pandemic
August 28, 2020, 6:57 pm
MANILA – The Association of Southeast Asian Nations (Asean) and the United Kingdom have vowed to strengthen economic cooperation amid the pandemic following the first UK-Asean Economic Dialogue. Secretary of State for International Trade Liz Truss and 2020 Asean Economic Community (AEC)… Read More
RCEP countries offer zero tariff on critical Covid-19 goods
August 28, 2020, 5:26 pm
MANILA – As participating countries of the Regional Comprehensive Economic Partnership (RCEP) target to conclude the trade deal this year, some countries have offered zero tariff on critical Covid-19 products, Trade Secretary Ramon Lopez said. “For critical products for (the) pandemic, they… Read More
BSP eyes August inflation at 2.5% to 3.3%
August 28, 2020, 4:18 pm
MANILA – Philippine monetary officials have forecast August’s inflation rate to stay between 2.5 percent and 3.3 percent in line with their within-target inflation rate projection until 2022. In a Viber message to journalists Friday, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno… Read More
Sun Life PH launches "Rise Brighter PH" program
August 27, 2020, 9:05 pm
MANILA – Officials of Sun Life Philippines and Sun Life Foundation highlighted the need for ensuring one’s physical and financial health to address the challenges brought about by the pandemic. During the virtual launch of the “Rise Brighter PH” program Thursday, Sun Life Philippines… Read More
BSP eyes incentives for banks' sustainable finance compliance
August 27, 2020, 8:19 pm
MANILA – The Bangko Sentral ng Pilipinas (BSP) is studying the possibility of providing regulatory incentives to banks that will heed the Sustainable Central Banking program. “These include our proposal to consider lending for green projects as compliance to the Agri-Agra requirements,” BSP… Read More
Share of remittance operations to pawnshops' income rising: BSP
August 27, 2020, 7:31 pm
MANILA – Income of pawnshops from remittance services continues to rise as more institutions tap pawnshops because of their wider reach compared to banks and other financial institutions. In a virtual briefing Thursday, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said the latest… Read More
RCEP ministers resolve ‘almost all’ issues: DTI chief
August 27, 2020, 6:17 pm
MANILA – Trade Secretary Ramon Lopez said on Thursday the 15 trade ministers of participating countries of the Regional Comprehensive Economic Partnership (RCEP) have “resolved almost all remaining outstanding issues” of the mega trade deal. Trade ministers of the Association of Southeast… Read More
Businesses warned vs. selling products with 'China province' tag
August 27, 2020, 5:59 pm
MANILA – The Bureau of Permits Manila warned businesses not to sell "Ashley Shine Beauty Products", especially if the items are labeled with "Manila, Province of China". In a letter issued on Thursday, Permits head Levi Facundo said those who will be caught selling or distributing the said… Read More
