Business
Gov't ramping up measures to address inflation
April 30, 2024, 2:49 pm
MANILA – Economic managers will meet officials of the Department of Agriculture (DA) to ramp up government interventions to better address food inflation. "Our next economic managers meeting will be with the DA so we can focus on food inflation," Finance Secretary Ralph Recto told reporters in… Read More
Build Better More program to back Cemex’s financial rebound
April 30, 2024, 2:19 pm
MANILA – DMCI Holdings, Inc., which is acquiring the publicly listed cement manufacturer Cemex Holdings Philippines (CHP), is hopeful that the administration’s infrastructure program and the easing of monetary policy will help turn around CHP’s financial performance. “While cement demand… Read More
Oil prices fall on ceasefire hopes in Gaza
April 29, 2024, 10:25 pm
ANKARA – Oil prices decreased on Monday amid ceasefire hopes in the Middle East and growing uncertainties over the timing of the US Federal Reserve's (Fed) interest rate cuts. International benchmark Brent crude traded at USD87.45 per barrel at 10.45 a.m. local time (0745 GMT), a 0.86 percent… Read More
PH shares surge on bargain hunting, peso on sideways
April 29, 2024, 9:46 pm
MANILA – Bargain hunters supported the local bourse during the week’s opening, while the peso closed sideways. Now on its sixth-day rally, the Philippine Stock Exchange index (PSEi) rose 140.89 points, or 2.12 percent, to 6,769.64, with All Shares also increasing by 1.45 percent to 3,543.28… Read More
Conventional power plants dependable amid surge in demand: MVP
April 29, 2024, 9:40 pm
MANILA – Manila Electric Company (Meralco) chairman and chief executive officer Manuel V. Pangilinan said conventional power plants remain the dependable sources of power, especially as electricity demand surges due to higher temperature caused by El Niño. In a media briefing at Meralco’s… Read More
MIC inks partnerships for infra, energy development
April 29, 2024, 9:18 pm
MANILA – The Maharlika Investment Corporation (MIC) on Monday signed two agreements to explore possible investment opportunities in infrastructure and the energy sector. The Memorandum of Understanding (MOU) signed with the Bases Conversion and Development Authority (BCDA) focuses on exploring… Read More
BTr fully awards Treasury bills
April 29, 2024, 6:25 pm
MANILA – The Bureau of the Treasury (BTr) on Monday fully awarded bids for Treasury bills (T-bills). The 92-, 183-, and 365-day T-bills fetched average rates of 5.869 percent, 5.988 percent, and 6.081 percent, respectively, ending lower, if not flat, from the previous auction. Last week, the… Read More
BIR holds Ease of Paying Taxes roadshow
April 29, 2024, 5:45 pm
MANILA – The Bureau of Internal Revenue (BIR) on Monday conducted the Ease of Paying Taxes (EOPT) roadshow to educate taxpayers on the updates brought about by the EOPT Law on the country's taxation system. The EOPT roadshow Metro Manila Cluster, which was held at the PICC, Pasay City, is the… Read More
Oil price rollback set Apr.30
April 29, 2024, 5:22 pm
MANILA – An oil price rollback on Tuesday will snap the six straight weeks of increase in gasoline prices. This as Caltex, Cleanfuel, Jetti, Petro Gazz, Seaoil and Shell announced Monday that they will cut gasoline prices by PHP0.25 per liter and another PHP0.45 per liter on diesel prices.… Read More
Dividends from GOCCs reach PHP39.8B in Jan-April
April 29, 2024, 12:46 pm
MANILA – The Department of Finance (DOF) said on Monday that dividends collected from government-owned or-controlled corporations (GOCCs) amounted to almost PHP40 billion as of April 24 this year. In a statement, the DOF said dividend collections during the period amounted to PHP39.8 billion,… Read More
BIR to unveil new logo during 120th anniv in August
April 28, 2024, 4:01 pm
MANILA – The Bureau of Internal Revenue (BIR) is targeting to launch an updated logo to mark its 120th anniversary in August. The current logo features select industries such as manufacturing, telecommunications, agriculture and shipping, which were previously the major taxpayers The logo has… Read More
Oil prices up following strong demand, Middle East strife
April 26, 2024, 9:31 pm
ANKARA – Oil prices increased on Friday due to strong US demand and rising tensions in the Middle East. International benchmark Brent crude traded at USD89.66 per barrel at 10:36 a.m. local time, a 0.7 percent increase from the closing price of USD89.01 per barrel in the previous trading… Read More
Largest int'l PH property, investment expo returns to Dubai in May
April 26, 2024, 8:50 pm
Dubai, UAE – The highly anticipated 10th Philippine Property and Investment Exhibition (PPIE), the Philippines’ largest international property and investment show, is set to return to Dubai on May 11-12, 2024. This year's annual event will take place at The Bristol Hotel, Deira, Dubai, aiming… Read More
Economists bat for more infra support for Calabarzon biz expansion
April 26, 2024, 8:23 pm
MANILA – Economists in the government and academe agreed that Calabarzon Region’s stature as a manufacturing hub is poised for further growth but they pointed out that more interventions are needed to support the expansion of production activities as well as the movement of goods and raw… Read More
Local shares close week at 6,600-level; peso ends sideways
April 26, 2024, 7:40 pm
MANILA – After gaining for five straight days, the local stock barometer traded back to the 6,600 level, while the peso closed the week sideways. The Philippine Stock Exchange index (PSEi) finished this week’s trading at 6,628.75, increasing by 0.82 percent, with All Shares also closing higher… Read More
PH firms pitch products to German buyers
April 26, 2024, 6:33 pm
MANILA – For the first time, Philippine-based companies participated in the German Purchasers Initiative in the Association of Southeast Asian Nations (ASEAN) to find new buyers from the European country. German-Philippine Chamber of Commerce and Industry (GPCCI) Head of Government Affairs and… Read More
Investing on RE tech to lessen PH exposure from volatile fuel costs
April 26, 2024, 5:06 pm
MANILA – Building more renewable energy (RE) technologies across the country will help the Philippines lessen its dependence on imported fuel, like liquefied natural gas (LNG), which are more expensive and more exposed to volatile global prices, an expert from the Institute for Energy Economics… Read More
BSP: Banks kept loan standards steady in Q1
April 26, 2024, 2:45 pm
MANILA – Most banks maintained their credit standards in the first quarter of the year, the Bangko Sentral ng Pilipinas (BSP) said. Results of the Senior Bank Loan Officers' Survey (SLOS) released on Friday showed that most of the respondent banks kept their credit standards generally unchanged… Read More
NEDA Board OKs 3 initiatives for human capital, social, infra dev't
April 26, 2024, 10:17 am
MANILA – The National Economic and Development Authority (NEDA) Board has approved three initiatives to support the government's drive to accelerate human capital development and improve the country's social and physical infrastructure. In a statement on Friday, NEDA said the Board chaired by… Read More
ATI, DP World to help new Cavite ecozone into world class facility
April 25, 2024, 9:19 pm
MANILA – The Asian Terminal, Inc. (ATI) and Dubai-based logistics firm DP World target to turn a newly registered economic zone in Cavite into a smart and world-class facility. This, as ATI and DP World inaugurated on Thursday the Tanza Container Terminal Inc. (TCTI) located inside the MetroCas… Read More
