Business
Businesses fear Metro Manila to return to ECQ
July 24, 2020, 6:24 pm
MANILA – The Employers Confederation of the Philippines (ECOP) fears that the National Capital Region (NCR) would go back to enhanced community quarantine (ECQ) status as cases of the coronavirus disease 2019 continue to rise in Metro Manila and some hospitals have reached their full capacity… Read More
Qatar Airways relaunches Cebu route
July 24, 2020, 5:58 pm
MANILA -- Qatar Airways relaunched on Friday its Cebu route, bringing a total of 13 weekly flights to the Philippines. The carrier will be servicing the Cebu route thrice weekly starting Friday, with a flight to Doha scheduled at 6:15 p.m. The last time Qatar's flag carrier operated in Cebu was… Read More
Megaworld sees P1.6-B sales from 3rd condo in Bacolod
July 24, 2020, 4:54 pm
BACOLOD CITY – Leading township developer Megaworld is eyeing to generate PHP1.6 billion in sales from its third residential condominium project in this city set to be completed in 2025. Dubbed One Manhattan, the 14-story tower will rise inside the 34-hectare The Upper East township. “This… Read More
Businessmen see economic recovery in Cebu's industrial hub
July 24, 2020, 4:11 pm
CEBU CITY – Mandaue City, an industrial hub just north of this city, is now seeing business recovery picking up, slowly reeling from the economic downturn, a business leader here on Friday said. Mandaue Chamber of Commerce and Industry president Steven Yu said the business community in the… Read More
Gov’t improves market access for Filipino MSMEs
July 24, 2020, 4:06 pm
MANILA – The government, through the Department of Trade and Industry (DTI), has launched different programs to improve market access to micro, small, and medium enterprises (MSMEs) during the Duterte administration. In its technical report to the Office of the President, DTI said it has… Read More
ADB financing to PH seen to hit record-high $4.2-B
July 23, 2020, 8:58 pm
MANILA – Financing to be extended by the Manila-based Asian Development Bank (ADB) to the Philippines is expected to rise to record-high USD4.21 billion this year. In a virtual briefing Thursday, Oscar Badiola, ADB Philippines senior programs officer, said from an average of USD800 million… Read More
Eagle Cement ramps up output with new Bulacan plant
July 23, 2020, 8:55 pm
MANILA – Eagle Cement Corp. will increase its cement production this year as it pursues to put up its fifth manufacturing facility in San Ildefonso, Bulacan. In a statement Thursday, Eagle president and chief executive officer Paul Ang said the company is spending PHP1.5 billion for the… Read More
PH raises output of PPE, ventilators
July 23, 2020, 8:51 pm
MANILA – The country has increased its capacity in producing N88 surgical masks, medical-grade coveralls, and ventilators vital for its fight against coronavirus disease (Covid-19). Data from the Department of Trade and Industry (DTI) show that as of July 2020, local production of N88 masks can… Read More
ADB exec eyes PH economic recovery to start in Q3
July 23, 2020, 6:50 pm
MANILA – A deeper contraction was expected for the Philippines economy in the second quarter due to the enhanced community quarantine (ECQ) in Luzon from middle of March to middle of May but a recovery is seen this quarter. In a virtual briefing Thursday, Asian Development Bank (ADB) Country… Read More
Budget burger firm sues netizen over 'staged photo'
July 23, 2020, 6:38 pm
MANILA – A cyber libel complaint has been filed by fast food chain Angel's Burger Wednesday against a person who posted on his Facebook account a "staged photo" of a burger with a coin in the patty. In a press statement released on Thursday, lawyer Gabriel Ablola said his client, Angelica DL… Read More
Peso sustains rally; stocks slip anew
July 23, 2020, 6:11 pm
MANILA – The peso sustained its rally against the US dollar Thursday but the main equities index declined anew as investors remain anxious on trade issues overseas amid the rise in coronavirus disease 2019 (Covid-19) cases. After posting its more than three-year high a day ago, the local… Read More
Biz groups ask Congress to pass 27 legislative reforms
July 23, 2020, 4:47 pm
MANILA – Fourteen Philippine business groups and foreign chambers have asked the Senate and the House of Representatives to pass 27 reform measures pending in the 18th Congress that will support economic recovery. In a statement Thursday, the business groups said they advocated for these… Read More
Cebu City eyes stimulus package for small businesses
July 23, 2020, 4:37 pm
CEBU CITY – The city government of Cebu is looking into “strategic programs” to revive the local economy amid the coronavirus disease (Covid-19) crisis with a stimulus package now eyed for small businesses. During his first State of the City Address (SOCA) aired online on Wednesday, Mayor… Read More
ECOP urges gov’t not to require rapid testing every 2 weeks
July 23, 2020, 6:55 am
MANILA – Business owners, particularly small-scale businesses, can not afford to provide rapid testing for coronavirus disease 2019 (Covid-19) among their employees every two weeks amid the challenging business environment due to the pandemic. The Employers Confederation of the Philippines… Read More
RCBC economist sees sustained rise of gov't revenues
July 23, 2020, 6:53 am
MANILA – Improvement of the government’s revenue collection is expected to be sustained after June on continued re-opening of the domestic economy, Rizal Commercial Banking Corporation (RCBC) chief economist Michael Ricafort said. In a reply to e-mailed questions from Philippine News Agency,… Read More
Merging of energy conserving design into Green Building Code eyed
July 22, 2020, 8:59 pm
MANILA – The Department of Energy (DOE) and the Department of Public Works and Highways (DPWH) are now discussing the integration of the guidelines on energy conserving design of buildings to the Philippine Green Building Code. During the journalists’ bootcamp on Energy Efficiency and… Read More
Peso hits more than 3-year high; stocks slip
July 22, 2020, 8:11 pm
MANILA – Reports about the Philippine government’s budget surplus in June 2020 boosted the peso to its strongest in over three years but the main equities index contracted due to continued rise of coronavirus disease 2019 (Covid-19) infections. The peso finished the day’s trade at 49.375 to… Read More
Demand for BSP's term facility remains high, rates decline
July 22, 2020, 7:01 pm
MANILA – Demand for Bangko Sentral ng Pilipinas’ (BSP) term deposit facility (TDF) remains high even after the offer volume has been increased as the offer period for the government’s retail treasury bond (RTB) is ongoing. The BSP offered a total of PHP320 billion worth of TDF Wednesday and… Read More
PCCI wants full resumption of businesses
July 22, 2020, 6:11 pm
MANILA – The country’s largest business organization, Philippine Chamber of Commerce and Industry (PCCI), wants the government to allow the full resumption of businesses amid the coronavirus disease 2019 (Covid-19) pandemic. In a statement Wednesday, PCCI said it believes that full resumption… Read More
Prudent debt policies back PH's guard vs. external shocks
July 22, 2020, 5:00 pm
MANILA – The country’s judicious management of its liabilities allows it to ensure economic resilience despite the impact of the pandemic, a Department of Finance (DOF) economic bulletin said. In an economic bulletin released Wednesday, Finance Undersecretary Gil Beltran said the country’s… Read More
