Business
Tourism firms reminded of no accreditation, no biz permit policy
January 10, 2020, 5:56 pm
LAOAG CITY—The Provincial Government of Ilocos Norte has reminded all tourism enterprises to secure their accreditation with the Department of Tourism (DOT) before their issuance of business permits. Provincial tourism officer Ian Ree Raquel on Thursday said the governor has reiterated that all… Read More
Peso, stocks end with gains
January 9, 2020, 9:06 pm
MANILA -- The peso and the Philippine Stock Exchange index (PSEi) finished up Thursday as investors’ worries on the US-Iran tension slightly eased after the missile attacks on US military bases in Iraq. The local currency ended the day at 50.651 from 50.756 Wednesday, which BPI Research said… Read More
S&P Global eyes PH asset quality remaining firm
January 9, 2020, 9:04 pm
MANILA -- Credit growth in the Philippines is expected to remain stable with a growth of 10 to 12 percent this 2020 even as loans and economic growth are projected to be moderate. In a Jan. 8, 2020 report, S&P Global said its credit growth forecast for the country this year is lower than the… Read More
Bulakenyos reminded to pay taxes on time
January 9, 2020, 8:45 pm
CITY OF MALOLOS, Bulacan—Governor Daniel Fernando is reminding residents to settle their tax obligations on or before the deadline. As part of the tax campaign in the province, Fernando encouraged the taxpayers to pay early in order to avail of a discount and avoid incurring penalties and other… Read More
Global growth to recover to 2.5% in 2020: WB
January 9, 2020, 7:46 pm
WASHINGTON -- Global economic growth is projected to recover to 2.5 percent in 2020, up slightly from the post-crisis low of 2.4 percent registered in 2019, but downside risks persist, the World Bank said on Wednesday. In its newly-released semi-annual Global Economic Prospects report, the World… Read More
Platinum Group Metals reports reserves of 43.3-M WMT
January 9, 2020, 7:40 pm
MANILA -- Global Ferronickel Holdings, Inc. (FNI) on Thursday announced the proven and probable ore reserves estimate as of October 15, 2019 for the Platinum Group Metals Corporation Cagdianao Nickel Expansion Project at 43.3 million wet metric tons (WMT). The result is lower by one percent or… Read More
Signing of PH 2020 nat’l budget credit positive: Moody’s
January 9, 2020, 6:45 pm
MANILA – The passage of the Philippines’ 2020 national budget and its signing early this month can support the country to post a strong growth this year, which Moody’s Investors Service forecasts to be around 6.2 percent. In a report, the debt rater said the country’s PHP4.1-trillion… Read More
Legazpi mayor says int'l airport a big boost to Bicol's economy
January 9, 2020, 5:59 pm
LEGAZPI CITY -- Mayor Noel Rosal, also Regional Development Council (RDC) Chairman, on Thursday expressed optimism that the operation of Bicol International Airport (BIA) will provide a big boost to the region's economy by bringing in more tourists and investments. Rosal, in an interview, said the… Read More
KAPA officers, promoters face arrest over criminal charges
January 9, 2020, 5:35 pm
MANILA -- The Securities and Exchange Commission (SEC) has moved closer to putting the officers and promoters of Kapa-Community Ministry International (KAPA) behind bars with the filing of criminal charges against the scamming group. In separate information filed with the Bislig City Regional… Read More
PH, other Asian markets urged to be wary vs. rising oil prices
January 9, 2020, 4:24 pm
MANILA -- IHS Markit Asia Pacific Chief Economist Rajiv Biswas said Asian markets, including the Philippines, should remain vigilant amid the surging crude oil prices due to the escalation of geopolitical tensions in the Middle East. In an e-mail, Biswas said a large number of Asia Pacific… Read More
BOC-Dumaguete earns 15% more than target in 2019
January 8, 2020, 9:15 pm
DUMAGUETE CITY – The Bureau of Customs (BOC) Sub-port of Dumaguete was able to collect more than PHP5 billion in duties and taxes from January 1 to December 31, 2019. Dumaguete Customs Collector Fe Lluelyn G. Toring on Wednesday said the actual collection of PHP5.061 billion is 15.78 percent… Read More
Peso stays firm despite worries overseas, stocks down
January 8, 2020, 8:26 pm
MANILA -- Geopolitical issues between the US and Iran worried investors, resulting in the losses in the Philippine Stock Exchange index (PSEi) but the peso managed to stay afloat. The local currency ended the day’s trade at 50.756, little change from its 50.76 close Tuesday. It opened the day on… Read More
Demand for term deposits surges
January 8, 2020, 6:46 pm
MANILA – Tenders for the Bangko Sentral ng Pilipinas’ (BSP) term facility surged Wednesday, and a ranking central bank official attributed the increase to high liquidity situation and lesser demand for the local currency after the holidays. Data released by the central bank showed that all… Read More
Asian markets fall after Iran fires missiles at US forces in Iraq
January 8, 2020, 6:40 pm
NEW DELHI -- Financial markets across Asia witnessed a sharp decline on Wednesday after Iran launched a missile attack on US forces in Iraq as investors fear the conflict may escalate further. As Iran carried out missile strikes on US military targets in Iraq in Wednesday, Japan’s Nikkei went… Read More
Higher wages to lure more workers in construction
January 8, 2020, 6:36 pm
MANILA – Offering higher wages in the construction industry will address the shortage of skilled labor in the sector, Trade Secretary Ramon Lopez said Wednesday. Lopez told reporters that construction companies are now increasing wages to ensure that there will be no delays in their projects due… Read More
Angkas vows to follow rules, work with gov't regulators
January 8, 2020, 5:53 pm
MANILA -- Motorcycle ride-hailing firm Angkas on Wednesday vowed to work and comply with government rules and regulations for ensuring the success of the motorcycle taxi pilot run. “We will try our best to be compliant with government rules and regulations and I would like to reinforce on public… Read More
DOT, DOTr sign pact to boost airport, route dev't programs
January 8, 2020, 5:49 pm
CLARK FREEPORT, Pampanga — The Department of Tourism (DOT) is working closely with the Department of Transportation (DOTr) on the possibility of funding the development of several airports in the country by equipping them with night-rating capabilities. DOT Secretary Bernadette Romulo-Puyat said… Read More
Mactan-Cebu Int'l Airport to build ‘contingency runway’
January 8, 2020, 5:44 pm
CEBU CITY -- An additional runway will soon be constructed for future airside contingencies at the Mactan Cebu International Airport (MCIA). In a statement on Tuesday, lawyer Steve Dicdican, general manager of the MCIA, said continuing increase in air traffic at the airport requires a new runway… Read More
Filinvest, Cebu City complete sale of 19.2-ha SRP property
January 8, 2020, 5:31 pm
MANILA -- The Filinvest consortium completed on Wednesday its acquisition of the 19.2-hectare property in South Road Properties (SRP) from Cebu City for PHP6.7 billion. The consortium, composed of Filinvest companies and Sytengco-owned companies, signed a deed of absolute sale with the Cebu City… Read More
Crafting `Build, Build, Build` bill eyed
January 8, 2020, 5:23 pm
MANILA -- Trade Secretary Ramon Lopez said on Wednesday institutionalizing the “Build, Build, Build” program will sustain the growth of the construction sector even with the change in the administration. On the sidelines of the 4th Philippine Construction Industry Congress in Makati City,… Read More
