Business
'Premyo' bonds to benefit investors, gov't: BTr
November 27, 2019, 3:07 pm
MANILA -- Both investors and the national government will benefit from the "Premyo bonds para sa bayan (Prize bonds for the nation)" launched by the Bureau of Treasury (BTr) on Monday. In a press conference on Wednesday, National Treasurer Rosalia de Leon said Premyo bonds are designed to entice… Read More
Air New Zealand named world’s best airline for 2020
November 26, 2019, 8:03 pm
PERTH -- AirlineRatings.com, the world's only safety and product rating website, has announced Air New Zealand as its Airline of the Year for 2020. Air New Zealand is being honored for the sixth time for its record-breaking performance, multi award winning in-flight innovations, operational… Read More
Mindanaoan wins microentrepreneurship award
November 26, 2019, 7:46 pm
MANILA -- Restaurateur Eduardo Azores, owner of Ali-Ali Pastil in South Cotabato, is this year's national winner of the Citi Microentrepreneurship Awards (CMA) held Tuesday at the Bangko Sentral ng Pilipinas (BSP) central office in Manila. BSP Governor Benjamin Diokno told attendees that the CMA… Read More
Stocks, peso weaken as US-China trade talks continue
November 26, 2019, 6:49 pm
MANILA -- Trade-related issues continue to affect financial markets resulting in the weakening of the Philippine peso and the Philippine Stock Exchange index (PSEi) Tuesday. The local currency ended the day at 50.90 which BPI Research traced to developments in the US-China trade talks. In its… Read More
BPI Securities sees PSEi at 9,000 level in 2020
November 26, 2019, 6:40 pm
MANILA -- The stock brokerage arm of Bank of the Philippine Islands (BPI) is bullish the Philippine Stock Exchange index (PSEi) will hit the 9,000 level next year, as the economy is poised to remain strong despite the expected volatility due to the US-China trade war. “The country’s… Read More
Benefits, career progress top concerns among PH professionals
November 26, 2019, 5:23 pm
MANILA -- Employment benefits and career progression, rather than salary, are currently the most important considerations for Filipino professionals who consider moving to another job, recruitment consultancy firm Robert Walters said on Tuesday. At a media briefing in Makati, Robert Walters… Read More
Smart LTE users up 82% in 2019 via network improvements
November 26, 2019, 2:56 pm
MANILA – Smart Communications (Smart), the wireless communications subsidiary of PLDT, noted an 82 percent increase in its LTE users in the first nine months of 2019 following sustained network improvements and LTE migration campaigns. In a statement Monday, the telecommunications company said… Read More
Assertive industrial sector in PH pushed
November 26, 2019, 8:53 am
CAGAYAN DE ORO CITY -- The first Philippine Industrial Summit in Mindanao was formally opened on Monday making louder call for stakeholders to build an "assertive" industrial sector in the country. The four-day summit, which will run until November 28, seeks to stir discussions on ways to push the… Read More
Deal to develop Puerto Azul residential project inked
November 25, 2019, 9:03 pm
MANILA -- Unicorn startup Revolution Precrafted Inc. has partnered with publicly listed Boulevard Holdings Inc. (BHI) to develop a new resort and residential complex in Puerto Azul Resort and Golf Club, a sprawling golfing and resort destination in Cavite, once dubbed as “Asia’s… Read More
Peso ends sideways, stocks slip
November 25, 2019, 9:00 pm
MANILA -- The Philippine peso ended Monday sideways against the US dollar while the Philippine Stock Exchange index (PSEi) fell. The local currency ended the day’s trade at 50.75 from 50.8 Friday last week, which BPI Research traced partly to trade reports that says China will increase… Read More
Refillable LPG canister maker to invest P800-M more in facilities
November 25, 2019, 9:00 pm
MANILA -- Pascal Resources Energy Inc. (PREI), maker of innovative refillable liquefied petroleum gasoline (LPG) canister, plans to invest an additional PHP800 million to put up two more facilities in the country to boost its current capacity and meet growing demand. PREI Chief Executive Officer… Read More
PAL, CebuPac post higher OTP in October
November 25, 2019, 8:21 pm
MANILA -- Local carriers Philippine Airlines (PAL) and Cebu Pacific (CEB) have both registered high average on-time performance (OTP) from Manila in October, Civil Aeronautics Board's (CAB) data showed. PAL has achieved an average of 92 percent OTP, notably higher than its average OTP of 80… Read More
ING economist says 6% ’19 PH growth possible
November 25, 2019, 6:48 pm
MANILA -- Philippines’ low inflation environment and South East Asian (SEA) games-related spending are seen to help boost domestic growth and allow the economy to post a 6-percent expansion this 2019. In a report Monday, ING Bank Manila senior economist Nicholas Mapa said as yearend nears the… Read More
Monetary execs mull green financing policy for banks
November 25, 2019, 5:36 pm
MANILA -- Any decision on the green financing policy of banks need to be studied well to make sure that financial institutions are able to comply and prevent a situation similar to the result of the Agri-Agra Law. Bangko Sentral ng Pilipinas (BSP) Deputy Governor Chuchi Fonacier said they do not… Read More
Oil firms to cut prices this week
November 25, 2019, 5:33 pm
MANILA -- Several oil companies have announced another price rollback effective 6 a.m. on Tuesday. In separate advisories, Seaoil, Petro Gazz, PTT Philippines and Flying V said they will reduce the price of their respective gasoline products by PHP0.20 per liter, and diesel by PHP0.10 per… Read More
Yellow alert raised over Luzon grid anew
November 25, 2019, 5:30 pm
MANILA -- Luzon grid experienced another low power supply situation that resulted in a yellow alert from 11 a.m. to 2 p.m. on Monday due to the volume of planned and unplanned outages of several power plants. Data released by the Department of Energy (DOE) showed that nine power plants with a… Read More
Growers want PH-SoKor banana tariff stalemate resolved
November 24, 2019, 2:12 pm
MANILA -- The country’s top banana growers and exporters are calling on both the South Korean and Philippine governments to immediately resolve stalemate on the proposed reduction of tariff rates on banana shipments. The Pilipino Banana Growers and Exporters Association Inc. (PBGEA) urged Manila… Read More
Bizmen cite ease of doing business in their decisions
November 23, 2019, 3:57 pm
MANILA -- Transparency in government processes would make a big difference in attracting more foreign investments to the Philippines, officials of some business entities said during the Business 2020 Beyond the Metro forum in Taguig City on Friday. Investors are closely looking at the ease of… Read More
SMC debuts PH’s first recycled plastics road
November 23, 2019, 3:50 pm
MANILA -- Conglomerate San Miguel Corporation (SMC) has taken another major step in the area of sustainability, by laying the first recycled plastics road in the Philippines. Asphalt using plastics were laid on a 1,500-square meter pilot test site at a new logistics center in General Trias,… Read More
DTI eyes initial P125-M in venture fund for startups
November 22, 2019, 8:31 pm
MANILA -- The Department of Trade and Industry (DTI) is targeting an initial PHP125 million in venture funds to match investments from selected investors to Philippine-based startups as authorities have signed the implementing rules and regulations (IRR) for the law providing incentives to these… Read More
