Business
Export diversification, product innovations pushed
January 3, 2020, 3:04 pm
MANILA -- The country needs to diversify its exports and market destinations and introduce more product innovations in a bid to boost its export performance, according to a paper released by state think tank Philippine Institute for Development Studies (PIDS). In terms of the industrial exports,… Read More
SEC OKs rules on securities transactions
January 2, 2020, 8:36 pm
MANILA -- The Securities and Exchange Commission (SEC) has cleared Capital Markets Integrity Corporation’s (CMIC) implementing guidelines on securities borrowing and lending (SBL) and short selling. The Commission En Banc approved the implementing guidelines during its meeting last December 17,… Read More
ICC-CabCom endorses 12 projects for NEDA Board nod
January 2, 2020, 7:46 pm
MANILA -- The National Economic and Development Authority Board’s Investment Coordination Committee-Cabinet Committee (ICC-CabCom) recommended 12 projects amounting to PHP557.44 billion, excluding the amount for the unsolicited proposals, for NEDA Board approval. “The approval of these… Read More
PH economy still among Asia’s fastest amid easing inflation
December 30, 2019, 2:48 pm
MANILA -- The Philippine economy remained one of the best performers in Asia after rebounding from an initial slowdown in the first two quarters of 2019 amid obstacles, reflecting the government’s spending catch-up and easing inflation. Socioeconomic Planning Secretary and National Economic and… Read More
DTI urges NegOcc firms to register business name early
December 27, 2019, 6:26 pm
BACOLOD CITY -- Owners of enterprises in Negros Occidental are urged to process their business name registration with the Department of Trade and Industry (DTI) early to avoid the crowd in the coming year. Engiemar Tupas, officer-in-charge of the Industry Development Division of DTI-Negros… Read More
DA chief eyes 2.5% to 3% Q4 2019 agri growth
December 27, 2019, 12:41 pm
MANILA -- The Philippines’ agriculture sector is set to post robust growth of at least 2.5 percent in the last three months of 2019, despite natural and man-made challenges. Department of Agriculture (DA) Secretary William D. Dar said the country's agri-fishery sector is expected to grow… Read More
Higher revenue, reforms to bring down poverty by 2022: DOF exec
December 26, 2019, 7:14 pm
MANILA – Higher government revenues, easier conduct of business, more efficient tax administration, and healthier people will help bring down poverty incidence by 2022. These characterize the results of some of the Department of Finance’s (DOF) programs under the Duterte administration so far… Read More
Central banking in low inflation rate regime
December 26, 2019, 6:37 pm
MANILA – Risk brought about by the high inflation rate is already history as far as the Philippines is concerned this 2019, although lingering worries on the US-China trade remain an obstacle. The elevated rate of price increases in 2018, which peaked at 6.7 percent in September and October,… Read More
PHirst Park spending P550-M to build Batangas housing project
December 24, 2019, 2:51 pm
MANILA -- The affordable housing firm PHirst Park Homes, Inc. will spend about PHP550 million to convert a 30-hectare property in Batulao, Batangas into an affordable housing development project. In a statement, PPHI president Ricky Celis said the Nasugbu project will be launched in the first… Read More
China Airlines sets Taipei-Cebu flights by March 2020
December 23, 2019, 7:30 pm
CEBU CITY -- The Mactan-Cebu International Airport will have a direct service from Taoyuan International Airport in Taipei, Taiwan starting on March 29, 2020. Avigael Ratcliffe, corporate communications junior manager of GMR Megawide Cebu Airport Corporation (GMCAC), said that China Airlines is… Read More
SkyDrive launches test flights of first-ever cargo drone
December 23, 2019, 4:01 pm
TOKYO (Kyodo JBN-AsiaNet) -- SkyDrive Inc., a leading flying-car developer, has successfully launched test flights of a cargo drone which could revolutionize the way heavy goods are transported and speed up the movement of equipment in remote locations. The first operational testing took place… Read More
Biz sentiment up in Q4, consumers less upbeat
December 20, 2019, 9:06 pm
MANILA -- Optimism among Filipino businessmen rose in the fourth quarter of 2019 due to the holiday and the harvest seasons, but consumer confidence slipped due to higher commodity prices. In a briefing Friday, Department of Economic Statistics (DES) officer in charge Fernando Silvoza said… Read More
Stocks end week up, peso weakens
December 20, 2019, 9:01 pm
MANILA – Net foreign selling in the local bourse failed to dampen the main equities index but weakened the peso Friday. The Philippine Stock Exchange index (PSEi) gained 1.56 percent, or 119.18 points, to 7,773.12 points, which a trader attributed to correction after the weakness on account of… Read More
Economic managers okay 12 projects for NEDA Board nod
December 20, 2019, 8:58 pm
MANILA – Economic managers on Friday approved for endorsement to the National Economic Development Authority (NEDA) Board a total of 12 infrastructure projects worth PHP626.11 billion. These projects are: Unsolicited Operate-Add-Transfer (OAT) Proposal for the Davao International Airport;… Read More
Finance chief hopeful of below-target UHC req't
December 20, 2019, 2:37 pm
MANILA -- Finance Secretary Carlos Dominguez is hopeful that actual needs for the government’s universal health care (UHC) program will not exceed estimates, citing possible gains of the measures against sin products. The five-year UHC program is estimated to need PHP257 billion for its first… Read More
BSP bats for enhanced financial inclusion program
December 19, 2019, 8:45 pm
MANILA – The Bangko Sentral ng Pilipinas (BSP) on Thursday vowed to further widen the scope of its financial inclusion program after it was named as one of the best in the world. Global Microscope 2019, a publication of the Economist Intelligence Unit (EIU), ranked the Philippines as the 5th… Read More
PH's doing business ranking plus factor for more funding from WB
December 19, 2019, 7:33 pm
MANILA – Improvement of the Philippines’ ranking in World Bank’s (WB) 2020 Ease of Doing Business (EODB) Report from 124th place to 95th helped pave the way for the lender to increase its allocation for the country. This was disclosed by Finance Secretary Carlos Dominguez III on Thursday… Read More
Peso ends sideways; PSEi down on wait-and-see stance
December 19, 2019, 7:14 pm
MANILA – Risk-off sentiments continue to worry investors, resulting in the sideways close of the Philippine peso and the negative close of the Philippine Stock Exchange index (PSEi) Thursday. The local currency ended the day at 50.635 against the US dollar, little changed against the 50.631… Read More
Negosyo Centers big boost to DTI business name registration
December 19, 2019, 2:50 pm
SAN JOSE DE BUENAVISTA, Antique -- The establishment of Negosyo Centers (NCs) throughout the 18 municipalities of the province of Antique gave a big boost to the Department of Trade and Industry (DTI) Antique provincial office business name registration. DTI Antique information officer Engr. Lynna… Read More
Pernia confident PH will hit economic growth target
December 18, 2019, 9:05 pm
MANILA -- The country’s chief economist is optimistic the government will hit its target growth rate this and next year, given a strong push from consumption and infrastructure spending. Socioeconomic Planning Secretary Ernesto Pernia said he agrees with the Development Budget Coordination… Read More
