Business
PH eyes enhanced trade, investment ties with East Asia, Chile
January 28, 2020, 6:56 pm
MANILA -- Trade Secretary Ramon Lopez has put forward the Philippines’ interest to enhance trade and investment relations with trade officials from East Asian economies and Chile at the sidelines of the 50th World Economic Forum (WEF) in Davos, Switzerland. In a statement, the Department of… Read More
BBB infra projects Duterte admin's legacy: Dominguez
January 28, 2020, 5:58 pm
MANILA -- Finance Secretary Carlos Dominguez III on Tuesday assured the judicious utilization of funds for infrastructure projects, citing that the “Build, Build, Build” projects will be the Duterte administration’s legacy. In a briefing during the ceremonial exchange of documents for the… Read More
Toyota exec sees no sales impact from Taal Volcano eruption
January 28, 2020, 5:40 pm
MANILA -- Toyota Motors Philippines (TMP) Chairman Alfred Ty is optimistic that the eruption of the Taal Volcano will not affect their sales in the first quarter of the year. On the sidelines of TMP’s media event Monday, Ty said this despite delays in delivery of orders to its customers. He said… Read More
DTI shared service facility helps MSMEs
January 28, 2020, 5:12 pm
LAOAG CITY -- Micro, small and medium enterprises in the province are excited to explore the services of a sophisticated one-stop techno hub now made available closer to their homes. Agnes Asuncion from Currimao, Ilocos Norte, a former overseas Filipino worker turned entrepreneur, said you do not… Read More
New ecozone institute seen to attract investors to Ilocos Norte
January 28, 2020, 12:27 pm
LAOAG CITY -- The Philippine Economic Zone Authority (PEZA) looks forward to seeing the province of Ilocos Norte grow and develop into a “smart community” now that a Special Economic Zone Institute (SEZI) is now accessible for all Ilocanos. Located in a small corner at the newly-inaugurated… Read More
Asean needs to rely on own strengths to drive growth: economists
January 27, 2020, 9:18 pm
HO CHI MINH CITY -- With uncertainties and increasing rivalry among major powers in the world, Asean, especially Việt Nam, will need to rely on its own devices to drive growth this year, economists said. With slower global growth expected this year, Asean’s prospects would depend on its… Read More
Spectrum to install more renewable energy facilities this year
January 27, 2020, 9:14 pm
MANILA -- Spectrum, the renewable subsidiary of Manila Electric Company (Meralco), targets to double its installed capacity for renewable energy in 2020. On the sideline of the inauguration of City of Dreams’ 1.2-megawatt solar power facility Monday, Spectrum President Victor Genuino told… Read More
BSP to offer P200-B for term deposit this week
January 27, 2020, 9:10 pm
MANILA -- The Bangko Sentral ng Pilipinas (BSP) announced the offering of PHP200 billion under its Term Deposit Facility (TDF) on Wednesday. In an advisory, the central bank said PHP80 billion will be offered under the seven-day facility, while it is PHP60 billion each for the 14-day and 28-day… Read More
Stocks, peso down on coronavirus concerns
January 27, 2020, 9:04 pm
MANILA-- Worries on the impact of the new coronavirus from China resulted in the weakness of both the Philippine Stock Exchange index (PSEi) and the peso Monday. The main equities index shed 0.47 percent, or 35.78 points, to 7,587.63 points, which BPI Research attributed to the concerns on the… Read More
PH T-bill rates decline
January 27, 2020, 8:41 pm
MANILA -- Rates of the Philippines Treasury bills (T-bills) fell across-the-board Monday as domestic liquidity remains high. Average rate of the 91-day paper declined to 3.297 percent from 3.390 percent during the auction last January 20. The Bureau of the Treasury (BTr) offered this tenor for… Read More
NegOcc ICT sector aims to hit 40k jobs this year
January 27, 2020, 7:49 pm
BACOLOD CITY -- The Bacolod-Negros Occidental Federation for Information and Communications Technology (BNEFIT) is aiming to reach 40,000 jobs this year, on the way to its goal of achieving 60,000 jobs by 2022. “We are now close to 35,000. We have yet to confirm the figures, but we are hoping… Read More
City of Dreams installs 1.2-MW solar power facility
January 27, 2020, 6:01 pm
MANILA – City of Dreams Manila started powering up its 1.2-megawatt solar power facility on Monday, making it the first integrated resort in the country to use solar energy. City of Dreams Manila invested PHP76 million for its solar power facility provided by Spectrum and global professional… Read More
PH delisted from EU’s priority counterfeit watchlist
January 27, 2020, 3:00 pm
MANILA -- The Philippines is no longer in the priority watchlist of European Union (EU) in terms of threat to its intellectual property rights (IPR), a biennial report of the European Commission shows. European Commission has released its biennial watchlist titled the “Report on the protection… Read More
Oil firms to roll back prices anew
January 27, 2020, 1:55 pm
MANILA -- Oil firms are set for another price rollback for this week. In separate announcements, Chevron, Cleanfuel, Petro Gazz, PTT Philippines, Seaoil, and Shell said they will reduce prices of diesel by PHP0.40 per liter, and gasoline by PHP0.30 per liter. Chevron, Seaoil and Shell will also… Read More
Economic team to address rising poverty cases in PH: Palace
January 26, 2020, 4:16 pm
MANILA – President Rodrigo Duterte’s economic team is competent enough to push for programs and policies that would lift more Filipinos out of poverty, Malacañang said on Sunday. In an interview with dzIQ, Presidential Spokesperson Salvador Panelo said the Palace was confident that the… Read More
BTr to offer at least P30-B 3-year retail treasury bonds
January 25, 2020, 9:52 am
MANILA – The Philippine government will offer at least PHP30 billion worth of three-year retail treasury bond (RTB) from January 28 to February 6 and conduct swaps for the same tenor that will mature on April 11. In a notice of offering posted on the Bureau of the Treasury (BTr) website Friday… Read More
Power line maintenance needed in Taal eruption-affected areas
January 25, 2020, 9:07 am
MANILA – The Department of Energy (DOE) is leaving the decision to the National Disaster Risk Reduction and Management Council (NDRRMC) to allow its personnel to enter and conduct transmission and distribution line maintenance in areas that have been on lockdown due to Taal Volcano's continuing… Read More
PSEi, PHP ends week up
January 24, 2020, 8:12 pm
MANILA – The Philippine Stock Exchange index (PSEi) and the peso ended the week up despite weakness earlier in the day due to concerns on the novel coronavirus (nCoV) scare that originated from China. PSEi rose 0.09 percent, or 7.06 points, to 7,623.41 points, which BPI Research noted was down… Read More
NegOcc economy remains viable amid lower average inflation
January 24, 2020, 7:47 pm
BACOLOD CITY -- The economy of Negros Occidental remains viable as its average inflation rate settled at 3.7 percent in 2019 from 7 percent in the previous year, figures of the Philippine Statistics Authority (PSA) showed. Provincial statistical officer Luis Gonzales said on Friday the decrease of… Read More
BSP optimistic of 'within-target inflation' for 2020, 2021
January 24, 2020, 6:48 pm
MANILA – A ranking official of the Bangko Sentral ng Pilipinas (BSP) said on Friday he continues to see a within-target inflation rate for 2020 and 2021 despite risks from the volatility of international oil prices and rice supply, among others. BSP Deputy Governor Francisco Dakila Jr., in a… Read More
