Business
NEDA sees gradual economic recovery in Central Visayas
July 22, 2020, 4:28 pm
CEBU CITY – The Central Visayas region is projected to gradually recover in the later part of 2020 through next year, the chief of the National Economic and Development Authority (NEDA) in Central Visayas said. In an online interview hosted by the Office of the Presidential Assistant for the… Read More
RTB sale's new money component exceeds February level
July 21, 2020, 8:47 pm
MANILA – The Bureau of the Treasury (BTr) has so far awarded more PHP250 billion worth of five-year retail treasury bond (RTB) since it launched last July 16. “New money in February is PHP250 billion. We have exceeded new money,” National Treasurer Rosalia de Leon told journalists in a… Read More
'Aerotropolis' to rise at Clark Civil Aviation Complex
July 21, 2020, 7:56 pm
MABALACAT CITY, Pampanga – The Luzon International Premier Airport Development Corp. (LIPAD) will develop an "aerotropolis" inside the civil aviation complex here which is seen to generate diverse business opportunities both for local and international investors as well as create jobs for… Read More
DTI opens 17th Negosyo Center in Bulacan
July 21, 2020, 7:34 pm
BUSTOS, Bulacan – The Department of Trade and Industry (DTI) provincial office and the municipal government of Bustos officially launched on Monday a Negosyo Center that will cater to micro, small and medium enterprises (MSMEs). Mayor Francis Albert Juan and DTI-Bulacan Director-in-Charge Ernani… Read More
73 new ecozones rise during Duterte administration
July 21, 2020, 7:30 pm
MANILA – Seventy-three new economic zones were added from October 2016 to June 2020, the Philippine Economic Zone Authority (PEZA) said Tuesday. In a statement, PEZA bared these 73 new ecozones proclaimed by President Rodrigo Duterte in the first four years of his term invested a total of… Read More
Stocks index slips, peso ends sideways vs. USD
July 21, 2020, 5:52 pm
MANILA – The wait-and-see stance ahead of the President’s State-of-the-Nation Address (SONA) next week resulted in the negative close of the local main equities index Tuesday while the peso ended the trade sideways. The Philippine Stock Exchange index (PSEi) shed 0.23 percent, or 14.39… Read More
Catriona Gray conferred as new OTOP ambassador
July 21, 2020, 5:18 pm
MANILA – The Department of Trade and Industry (DTI) has conferred on Tuesday Miss Universe 2018 Catriona Gray as ambassador for One-Town-One-Product (OTOP) Philippines. This is in line with the celebration of National MSME Week from July 20 to 24. OTOP is a stimulus program of DTI for micro,… Read More
DTI chief targets capacity building in PH recovery
July 21, 2020, 4:47 pm
MANILA – Trade Secretary Ramon Lopez is pushing for capacity building in manufacturing, agriculture, and services as the country rebuilds its economy from the impact of the coronavirus disease 2019 (Covid-19) pandemic. Speaking at the National MSME Week e-forum happening from July 20 to 24,… Read More
Cut in banks’ reserve requirements to pump P10-B into economy
July 21, 2020, 4:06 pm
MANILA – About PHP10 billion worth of liquidity is expected to be released into the system from the 1-percent cut in thrift banks (TBs) and rural and cooperative banks’ (RCBs) reserve requirement (RR) effective July 31, 2020. “Reduction of 1 percent on deposits/deposit substitute… Read More
Davao City posts 59% revenue growth in 1H 2020
July 21, 2020, 2:19 pm
DAVAO CITY – Despite the coronavirus pandemic, the city government said it managed to surpass expectations by posting a 59-percent increase in revenue collections in the first half of the year compared to the same period in 2019.Lawyer Lawrence Bantiding, head of the City Treasurer’s Office… Read More
APEC urges small businesses to go digital amid Covid-19 pandemic
July 20, 2020, 9:40 pm
JAKARTA – As the coronavirus disease 2019 (Covid-19) pandemic drives more consumers online, small businesses need to go digital, according to the latest policy brief by the APEC Policy Support Unit and The Asia Foundation. The impact of Covid-19 containment measures has brought more consumers… Read More
Cebu prov’l dad seeks to bolster aid for health crisis-hit MSMEs
July 20, 2020, 8:52 pm
CEBU CITY – Cebu 6th District Provincial Board member Glenn Anthony Soco on Monday urged the government to strengthen financial aid to micro, small, and medium enterprises (MSMEs) affected by the coronavirus disease 2019 (Covid-19) crisis. In a resolution, the lawmaker asked state agencies’… Read More
37K online businesses register with DTI
July 20, 2020, 7:51 pm
MANILA – Department of Trade and Industry (DTI) Assistant Secretary Jean Pacheco said Monday around 37,000 internet-based businesses have registered with the department from January to July this year. During the National MSME Week e-forum, Pacheco said the number of registered online businesses… Read More
ANZ Research forecasts BSP to keep key rates steady
July 20, 2020, 7:43 pm
MANILA – ANZ Research has forecast the policy-making Monetary Board of the Bangko Sentral ng Pilipinas (BSP) to hold key rates steady during their setting meeting in August. This, after the total of 150 basis points reduction in the central bank’s key policy rates from March to June in a bid… Read More
T-bill rates sustain drop, retail treasury bond sale ‘going well’
July 20, 2020, 6:17 pm
MANILA – Rates of the Philippines Treasury bills (T-bills) declined anew Monday in line with the path of domestic interest rates. Average rate of the 91-day paper went down to 1.454 percent, the 182-day to 1.625 percent and the 364-day to 1.770 percent. These were at 1.587 percent, 1.687… Read More
Stocks, peso start week with gains
July 20, 2020, 6:12 pm
MANILA – Risk-on sentiment boosted both the Philippine Stock Exchange index (PSEi) and the peso Monday. The main equities gauge rose by 1.02 percent, or 61.95 points, to 6,150.70 points. All Shares jumped by 0.73 percent, or 26.08 points, to 3,605.68 points. Most of the sectoral gauges also… Read More
Airlines require Davao-bound pax to have negative RT-PCR result
July 20, 2020, 6:07 pm
MANILA -- Local carriers are now requiring Davao-bound passengers to present a negative coronavirus disease 2019 (Covid-19) RT-PCR (reverse transcription polymerase chain reaction) test result taken within 48 hours before their flights. "It was the Davao LGU (local government unit) who required… Read More
Gasoline prices down, kerosene up on July 21
July 20, 2020, 4:50 pm
MANILA – Oil companies will adjust pump prices effective Tuesday. In separate announcements, Chevron (Caltex), Cleanfuel, Flying V, Petro Gazz, Petron, Seaoil, and Shell will rollback gasoline prices by PHP0.10 per liter. Chevron, Flying V, Petron, and Shell. Kerosene will increase the prices… Read More
DTI launches virtual trade expo to help C. Visayas MSMEs
July 20, 2020, 2:20 pm
CEBU CITY – The Department of Trade and Industry (DTI) in Central Visayas is urging the public to patronize the first-ever virtual Sandugo Trade Expo in the region as a way of helping micro, small and medium enterprises (MSMEs) amid the public health crisis. The event starts Monday via… Read More
MEZ II developer eyes rent relief for locators amid Covid-19
July 20, 2020, 2:17 pm
CEBU CITY – AboitizLand Inc., the real estate arm of the Aboitiz Group, is looking to provide timely rent relief to its industrial locators inside the Mactan Economic Zone II (MEZ II) which still reel from the drop in sales and unexpected expenses to continue operations under community… Read More
