Business
Bislig, Iloilo, Ormoc projects get support from PPP Center
January 17, 2020, 5:23 pm
MANILA – Three local projects in Bislig, Iloilo, and Ormoc have been approved for Project Development and Monitoring Facility (PDMF) support, Public-Private Partnership (PPP) Center said on Thursday. In a statement, the PPP Center said the PDMF support to be given to these local projects will… Read More
SEC gives bizmen option to register as one-person corporation
January 17, 2020, 2:08 pm
LEGAZPI CITY -- The Securities and Exchange Commission-Legazpi Extension Office (SEC-LEO) has presented options to businessmen to register as a one-person corporation. Lawyer Norma A. Tan-Olaya, SEC-LEO Officer-in-Charge, in an interview on Thursday said under the guidelines prescribed by SEC… Read More
DTI chief hopes better trade growth with US-China pact
January 17, 2020, 11:55 am
MANILA -- Trade Secretary Ramon Lopez on Friday welcomed the first phase of the trade deal between the United States and China, hoping that this would improve the global trade growth as well as Philippine exports for this year. “Hopefully, there will be a reforecast of improvement with this… Read More
Oil firms’ storage facilities remain operational amid Taal unrest
January 17, 2020, 8:32 am
MANILA – The storage facilities of oil importers in Calabarzon (Region 4-A) remained operational amid Taal Volcano’s unrest, the Department of Energy reported on Friday. In its Task Force on Energy Resiliency Update on Taal Volcano, the DOE said the import terminals of seven oil companies were… Read More
US-China trade pact, Taal eruption hurt peso, stocks
January 16, 2020, 9:13 pm
MANILA – Risk-off sentiment due to uncertainties of the US-China trade pact and the possible impact of the Taal Volcano eruption to Philippines’ growth and inflation rate weakened both the main equities index and the peso Thursday. Philippine Stock Exchange index (PSEi) shed further by 0.15… Read More
Proposed price cap seen to boost sales of generic meds
January 16, 2020, 7:15 pm
MANILA -- Generic drug substitution is expected to increase once the executive order (EO) that would impose a cap on prices of lifesaving medicines has been signed. In a report, a unit of Fitch Group, Fitch Solutions Macro Research, said while the measure is a threat to the operation of… Read More
DTI prepares livelihood package for Taal-affected biz
January 16, 2020, 7:10 pm
MANILA -- Trade Secretary Ramon Lopez said his department is preparing livelihood assistance to help entrepreneurs affected by the Taal Volcano eruption. On the sidelines of an event here Thursday, Lopez said the Department of Trade and Industry (DTI) aims to disburse PHP50 million worth of… Read More
BOI-approved investments up 25% to P1.14 trillion in 2019
January 16, 2020, 5:58 pm
MANILA -- The Board of Investments (BOI) has approved a total of PHP1.14 trillion worth of projects in 2019, the highest in 52 years. Data from the Department of Trade and Industry (DTI) show that BOI-approved investments increased by 24.7 percent last year from PHP914.96 billion project approvals… Read More
BIR-CAR surpasses 2019 collection target by 5.3%
January 16, 2020, 5:33 pm
BAGUIO CITY – The Bureau of Internal Revenue-Cordillera Administrative Region (BIR-CAR) has surpassed its 2019 collection target by 5.3 percent, exceeding the collection by PHP326 million, an official said on Thursday. The region’s collection is PHP6,437,149,712 as against the PHP6,110,505,000… Read More
NegOcc eyes partnership with Indonesian group for cattle project
January 16, 2020, 1:50 pm
BACOLOD CITY -- The Provincial Veterinary Office (PVO) of Negros Occidental is eyeing a partnership with an Indonesian company in the implementation of the province’s cattle fattening project. Dr. Renante Decena, the provincial veterinarian, said on Wednesday he met with representatives of… Read More
Security Bank operations still suspended in Batangas, Cavite
January 16, 2020, 1:13 pm
MANILA -- The operations of Security Bank Corporation (Security Bank) remained suspended in several areas in Batangas and Cavite Thursday, as Alert Level 4 is still raised over Taal Volcano and state of calamity has been declared in the two provinces. In an advisory, the bank said the suspension… Read More
GraysOnline to host mega online bushfire auction starting Feb. 1
January 16, 2020, 12:18 pm
SYDNEY, Australia -- GraysOnline is launching a major online auction to raise much-needed funds for volunteer firefighters and animal welfare. The auction will give Australians the opportunity to turn their valuable items into much needed funds for relief, as the ongoing bushfire catastrophe… Read More
US, China sign initial trade deal
January 16, 2020, 9:37 am
WASHINGTON -- The United States and China signed the "phase one" of a trade deal Wednesday that marks a major milestone in the more than two-year trade war between the world's top two economies. The agreement was signed by US President Donald Trump and Chinese Vice Premier Liu He during a White… Read More
TDF rates, bid coverage ratio fall
January 15, 2020, 9:02 pm
MANILA -- Rates and bid coverage ratio of the Bangko Sentral ng Pilipinas’ (BSP) term facilities fell on Wednesday. The data released by the central bank showed that rate of the seven-day facility dropped to 4.0851 percent from 4.1641 percent during the auction last January 8. BSP offered this… Read More
19K hectares of land eyed for bamboo plantation
January 15, 2020, 8:58 pm
MANILA -- The Philippine Bamboo Industry Council (PBIC) is looking into converting at least 19,000 hectares of land nationwide into bamboo plantation this year, the Department of Trade and Industry (DIT) said on Wednesday. Largest land conversion will be in Region 6 (Western Visayas) with 13,000… Read More
1st online property loan platform in PH launched
January 15, 2020, 8:54 pm
MANILA -- A financially-backed property fintech firm on Wednesday launched the first-ever online mortgage broker platform in the Philippines that makes the property loan application process easier and more efficient. The platform, Nook, will enable Filipinos to conduct entire property search, do… Read More
Stocks, peso weaken ahead of US-China trade deal signing
January 15, 2020, 8:53 pm
MANILA -- Renewed concerns on the US-China trade deal, which reports said would be signed Wednesday, proved negative for both the Philippines’ main stocks gauge and currency. The Philippine Stock Exchange index (PSEi) lost 1.65 percent, or 128.85 points, to 7,664.40 points, which a trader… Read More
RCBC economist sees GDP growing 7% in Q1
January 15, 2020, 6:58 pm
MANILA -- An economist forecasts further acceleration of the Philippine economy’s growth to as high as 7 percent in the first quarter of 2020 due to the early approval of this year’s national budget that will help boost infrastructure spending. As of the third quarter of 2019, domestic… Read More
PCA eyes consistent copra price hike in next 2 to 3 years
January 15, 2020, 6:12 pm
PALO, Leyte -- The Philippine Coconut Authority (PCA) is upbeat that higher copra price will prevail in the next two to three years, improving the income of nearly 400,000 families in the Eastern Visayas Region. Average farm gate price of copra, a major by-product of coconut rose to PHP18.36 per… Read More
DTI asks retailers to quickly restock N95 masks
January 15, 2020, 5:35 pm
MANILA -- The Department of Trade and Industry (DTI) has urged local suppliers and major drug stores to immediately restock N95 masks in Luzon, particularly in Region 4-A and Metro Manila, which are heavily affected by the ashfall from the Taal Volcano eruption. Among the actions suggested by DTI… Read More
