Business
PH food makers seek China market
November 9, 2019, 5:45 pm
SHANGHAI, China -- Filipino food manufacturers are participating in China’s biggest buying expo to seek opportunities in the world’s largest market. More than 30 Filipino companies have been showcasing their products during the 2nd China International Import Expo (CIIE) at the National… Read More
Solon cites urgent need for more power supply
November 8, 2019, 9:14 pm
MANILA -- Marinduque Representative Lord Allan Velasco has called on all power sector stakeholders to contribute to moves toward increasing power supply in the country to address power interruptions. In a statement on Thursday, the lawmaker urged the Department of Energy (DOE) and industry players… Read More
Peso ends week sideways, stocks decline
November 8, 2019, 8:45 pm
MANILA -- The Philippine peso ended the week sideways against the US dollar while the Philippine Stock Exchange index (PSEi) reversed to a loss on US and China trade news. The local currency on Friday closed at 50.49 from 50.48 Thursday, which a trader pointed to latest trade news on the world’s… Read More
Fiscal policy needed to sustain growth recovery: DOF official
November 8, 2019, 6:20 pm
MANILA -- A ranking Department of Finance (DOF) executive said officials of various government agencies need to work closely with legislators for the passage of the proposed 2020 budget to further boost domestic growth. "Fiscal policy will continue to be a pillar for high, sustainable, and… Read More
MUFG Bank sees wider PH account deficit on infrastructure build
November 8, 2019, 5:27 pm
MANILA – The Philippine government’s infrastructure program is among the factors for the deficit in the country’s current account, but the global market research head for the Association of Southeast Asian Nations (ASEAN) of MUFG Bank does not consider this a negative. In a briefing Friday,… Read More
No price hike for 134 Noche Buena products: DTI chief
November 8, 2019, 4:31 pm
MANILA -- The Department of Trade and Industry (DTI) reported that a total of 134 Noche Buena products have maintained their prices while six products have lower prices in 2019 compared to last year’s suggested retail price (SRP) list. In a 2018 versus 2019 comparative SRPs of Noche Buena… Read More
Energy experts push for cleaner fuel in PH
November 8, 2019, 2:15 pm
MANILA -- A group of energy advocates have formed the Philippine Energy Independence Council (PEIC) whose main goal is to move both the government and the private sector to explore new indigenous, renewable, and cleaner energy options for the country. The PEIC seeks to initiate and sustain public… Read More
BOI investments double up in 9 months
November 8, 2019, 12:27 am
MANILA — Cumulative investments recorded by the Board of Investments (BOI) reached PHP764.7 billion as of September 2019, up more than two-fold from PHP372.9 billion in the same period last year. “The sustained high growth of investments is a proof of the business sector’s strong… Read More
NEDA's ICC-CabCom OKs 4 infra projects
November 7, 2019, 9:05 pm
MANILA -- The National Economic and Development Authority (NEDA) Board’s Investment Coordination Committee-Cabinet Committee (ICC-CabCom) approved on Wednesday four infrastructure projects. In particular, the ICC-CabCom approved the following: the Samal Island-Davao City Connector (SIDC) and the… Read More
Q3 PH economic growth report lifts peso, stocks
November 7, 2019, 8:54 pm
MANILA -- Better-than-expected growth of the Philippine economy in the third quarter of 2019 lifted both the Philippine peso and the local bourse Thursday. The peso ended the day’s trade at 50.48 from 50.61 Wednesday. A trader attributed the currency’s gain to the report about the domestic… Read More
2019 GDP target still achievable after Q3 growth jump: Diokno
November 7, 2019, 8:47 pm
MANILA -- Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno believes that achieving the government’s 6 to 7 percent growth target for 2019 is “still doable” after a recovery in the third quarter. The Philippine Statistics Authority (PSA) on Thursday reported a 6.2-percent domestic… Read More
NEDA chief sees 2019 PH growth within target
November 7, 2019, 7:52 pm
MANILA — Socioeconomic Planning Secretary Ernesto Pernia sees the Philippines still hitting the economic growth target of 6 percent to 7 percent this year on the back of government spending, after expanding to one of the fastest rates in Asia in the third quarter. The government reported on… Read More
Gov't push for 'effective' economic reforms continues
November 7, 2019, 7:45 pm
MANILA -- President Rodrigo Duterte's administration will continue pushing for "effective" economic reforms to achieve its 6 percent to 7 percent growth target for 2019, Presidential Communications Operations Office Secretary Martin Andanar said on Thursday. "The Duterte Administration is… Read More
P300-B SM-Ayala project in Cebu to generate 2M jobs
November 7, 2019, 6:03 pm
CEBU CITY -- The PHP300-billion development project of the SM-Ayala consortium at the South Road Properties (SRP) here is expected to generate about two million jobs, a city councilor here said Thursday. Lawyer Raymund Alvin Garcia, majority floor leader of the Cebu City Council, told the… Read More
Bantay-Bata, Globe partner to save more abused children
November 7, 2019, 6:00 pm
MANILA -- ABS-CBN Foundation's Bantay-Bata #163, and Globe, on Thursday officially announced partnership to save more children. With the partnership, Globe and TM subscribers could call the Bantay Bata #163 starting November 18. "I am a father of three, and I still remember the day my first child… Read More
PH economy grows 6.2% in Q3
November 7, 2019, 11:22 am
MANILA — The Philippine economy expanded by 6.2 percent in July to September period this year after two quarters of deceleration, making it still one of Asia’s fastest, the government reported Thursday. In a press briefing, Socioeconomic Planning Secretary Ernesto Pernia said the Philippines… Read More
P46 per kilo SRP on refined sugar pushed
November 6, 2019, 10:46 pm
MANILA – Former government executives are pushing for the implementation of suggested retail price (SRP) on refined sugar in the market. During the roundtable forum on Wednesday in Quezon City, former Sugar Regulatory Administration chief Rafael Coscolluela said that if the mill gate price of… Read More
Bank exec forecasts better 2019 income
November 6, 2019, 9:15 pm
MANILA -- A ranking official of Aboitiz banking arm, Union Bank of the Philippines (UnionBank), expects a good income turnout for the bank this 2019 on sustained drop of inflation and interest rates. In a briefing by Aboitiz officials on their third quarter 2019 performance Wednesday, UnionBank… Read More
NEDA approves revised list of infra flagship projects
November 6, 2019, 7:52 pm
MANILA -- The Investment Coordination Committee-Cabinet Committee (ICC-CC) and the Committee on Infrastructure (INFRACOM) Cabinet Level approved Wednesday the revised list of 100 infrastructure flagship projects (IFPs). Presidential Adviser for Flagship Programs and Projects Secretary Vince Dizon,… Read More
SM 9-month profit hits P33.1 billion
November 6, 2019, 7:25 pm
MANILA -- Conglomerate SM Investments Corporation (SM) booked a 26-percent increase in net income in the first nine months of the year, driven mainly by banking and property businesses. In a statement, SM said its consolidated net income reached PHP33.1 billion from January to September, up from… Read More
