Business
NEDA sees PH trade recovery
July 14, 2020, 2:28 pm
MANILA – Trade growth is expected to gain momentum in the coming months as quarantine measures ease, the National Economic and Development Authority (NEDA) said Tuesday. The Philippine Statistics Authority reported last July 10 that the country’s total merchandise trade registered a slower… Read More
Consumer protection amid ‘online migration’
July 14, 2020, 2:20 pm
MANILA – Many entrepreneurs have closed their businesses when the government placed Luzon under enhanced community quarantine (ECQ) as one of its initial responses to slow down the spread of coronavirus disease 2019 (Covid-19) in the country. Trying to survive amid a pandemic, some of them… Read More
DTI to LGUs: Shorten curfew hours for longer biz hours
July 14, 2020, 2:13 pm
MANILA – Trade Secretary Ramon Lopez is encouraging local government units (LGUs) that are implementing curfew in their areas amid the community quarantine to start curfew hours at midnight so restaurants and fast-food chains could operate for longer hours. During the Laging Handa public… Read More
BOI approves P645-B investments in 1st half 2020
July 13, 2020, 9:53 pm
MANILA – The Board of Investments (BOI) recorded PHP645.3 billion of approved investments in the first six months of the year, bouncing back strongly with a 112-percent surge from just PHP304.4 billion in the same period in 2019, Trade Secretary and BOI chairman Ramon Lopez said Monday. “The… Read More
21 Antique MSMEs avail of DTI assistance
July 13, 2020, 9:35 pm
SAN JOSE DE BUENAVISTA, Antique – The applications of 21 micro, small and medium enterprises (MSMEs) under the Pondo sa Pagbabago at Pag-asenso (P3) program of the Department of Trade and Industry (DTI)-Antique have been approved as of July 13. Gabriel C. Ebanen, P3 coordinator for Antique… Read More
Monthly auto sales improve for 2 straight months
July 13, 2020, 8:28 pm
MANILA – The month-on-month sales of the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) continued to record improvements for two consecutive months after quarantine measures were eased since May. A joint report of CAMPI and Truck Manufacturers Association showed that… Read More
Albay town adopts automated revenue collection program
July 13, 2020, 7:34 pm
DARAGA, Albay – The municipal government here is now using an automated revenue and tax collection system through the Enhanced Tax Revenue Assessment and Collection System (ETRACS) program. “The automation of transactions in tax payments and assessments of real properties including payments… Read More
Peso almost flat, stocks dip on renewed coronavirus fears
July 13, 2020, 6:47 pm
MANILA – The peso ended sideways against the US dollar on Monday but the main equities index ended on the negative territory amid renewed coronavirus fears. The Philippine Stock Exchange index (PSEi) declined by 0.40 percent, or 24.81 points, to 6,172.57 points. All Shares contracted by 0.52… Read More
T-bill rates drop across-the-board anew
July 13, 2020, 6:32 pm
MANILA – The rates of the Philippines’ Treasury bills (T-bills) declined anew Monday and National Treasurer Rosalia de Leon is optimistic about the same trend for the retail treasury bond (RTB) that they will auction later this week. The average rate of the 91-day paper went down to 1.587… Read More
DTI to expand capacity for dine-in restos starting July 21
July 13, 2020, 6:28 pm
MANILA – The Department of Trade and Industry (DTI) will further increase the capacity of dine-in restaurants and fast-food establishments in general community quarantine (GCQ) and modified community quarantine (MGCQ) areas effective July 21. In a text message Monday, DTI Secretary Ramon Lopez… Read More
Fuel prices to increase July 14
July 13, 2020, 5:13 pm
MANILA – After the price rollback last week, firms have announced an oil price hike effective Tuesday morning. In separate advisories, Chevron (Caltex), Cleanfuel, Flying V, Petro Gazz, Phoenix Petroleum, PTT Philippines, Seaoil, Shell, and Total said they will increase their diesel prices by… Read More
Pasig City launches interest-free loan for economic recovery
July 12, 2020, 6:29 pm
MANILA – The Pasig City government has officially launched its Tulong at Pampuhunang Ayuda sa Taga-Pasig (TAPAT) program which will offer loans to job seekers, entrepreneurs and businesses starters in the city. Mayor Vico Sotto said the city government has allotted a PHP200-million budget to… Read More
Private sector launches program to support ‘buy local’ drive
July 11, 2020, 4:42 pm
MANILA – Companies, business organizations, and members of the private sector launched the ‘Buyanihan’ program on Friday night to support the Department of Trade Industry’s (DTI) “Buy Local, Go Lokal” campaign. Initiated by the Association of Filipino Franchisers, Inc. (AFFI), the… Read More
Bank start-up Tonik eyes strong digital-only biz in PH
July 10, 2020, 9:49 pm
MANILA – Philippines’ tech-savvy and generally young population makes digital bank start-up Tonik hopeful for a robust digital-only bank operations in the country. The two-year-old company, which recently received a license from the Bangko Sentral ng Pilipinas (BSP) to operate as a bank, has… Read More
Coconut farmers, sector to benefit from UCPB shares conversion
July 10, 2020, 9:41 pm
MANILA – Farmers and workers in the coconut industry in the Philippines are seen to benefit from the conversion of United Coconut Planters Bank’s (UCPB) PHP12-billion capital notes to preferred shares, Finance Secretary Carlos Dominguez III said. In a Viber message to journalists Friday,… Read More
PH companies consider cybersecurity risks as low, moderate
July 10, 2020, 8:42 pm
MANILA – Executives of Philippine corporations consider their entities’ risk to cyberthreats to be “low” to “moderate” given the increased investments on cybersecurity. This is among the results of the survey conducted by global cybersecurity firm Palo Alto Networks from February… Read More
Stocks end week up, peso sideways
July 10, 2020, 8:36 pm
MANILA – The main stocks index recovered while the peso finished the week sideways against the US dollar. The Philippine Stock Exchange index (PSEi) managed to rise Friday by 0.08 percent, or 4.80 points, to 6,197.38 points. All Shares followed with a 0.19-percent or 7.08-point uptick to… Read More
Better policies seen to drive renewable energy growth
July 10, 2020, 7:39 pm
MANILA – The Philippines can achieve its renewable energy (RE) targets for 2030 with better policies in place, said AC Energy president and chief executive officer Eric Francia. During the Philippine Energy Independence Council webinar on Friday, Francia said the country needs to triple its… Read More
P22-M worth of loans released to 286 micro, small businesses
July 10, 2020, 3:32 pm
MANILA – The Small Business (SB) Corp. has released a total of PHP22 million to 286 micro and small enterprises (MSEs) under the Covid-19 Assistance to Restart Enterprises (CARES) program as of July 8. In a statement Friday, of the total CARES loan beneficiaries, 71 are from Calabarzon Region,… Read More
Hiring continues in IT-BPM industry amid pandemic
July 10, 2020, 3:21 pm
MANILA – It is not business as usual in the information technology and business process management (IT-BPM) industry, but the sector continues to open job opportunities amid the pandemic, an industry executive said. During the Laging Handa briefing Friday, Information Technology and Business… Read More
