Business
Uniqlo expands in PH, opens 60th store in Bacolod
October 5, 2019, 4:39 pm
BACOLOD CITY -- Japanese apparel giant Uniqlo continues its expansion in the Philippines with the opening of its 60th store here on October 18. The newest branch, located in Ayala Malls Capitol Central, is the brand’s second store in Bacolod. The first is inside SM City Bacolod. Uniqlo… Read More
Converge to roll out fast fiber internet connection in Cebu
October 5, 2019, 1:16 pm
CEBU CITY -- A major fiber optic technology provider in the country is confident that it could bring Cebu’s broadband speed to a different level, as the firm readies to roll out its “fastest fiber internet project” to serve homes and small businesses in the province. Dennis Anthony Uy,… Read More
Newest SM mall in Dagupan City provides thousands of jobs
October 5, 2019, 1:10 pm
DAGUPAN CITY -- SM Prime Holdings Inc. (SMPH) opened its SM Center here, its 74th mall in the country, on Friday to cater to the shopping and dining needs of Dagupeños and provide thousands of employment to Pangasinenses. “More than 1,000 employees were hired. It is but logical that we employ… Read More
BSP rate cuts possible as inflation slides further in Sept.
October 4, 2019, 9:14 pm
MANILA -- Additional cut in the Bangko Sentral ng Pilipinas’ (BSP) key policy rates are seen in the last quarter of 2019 after inflation decelerated further to 0.9 percent last September. ANZ Research forecasts the Philippine inflation rate in the last quarter of 2019 to be around the current… Read More
PSEi recovers as inflation slips further, peso firms up anew
October 4, 2019, 8:48 pm
MANILA -- Bargain hunting ended Philippine Stock Exchange index’ (PSEi) five-day slide Friday and the peso improved again against the US dollar following the below-expected domestic inflation rate in September 2019. The main equities index rose 2.11 percent, or 159.05 points, to 7,704.60 points,… Read More
NEDA chief calls for programs' prioritization to help farmers
October 4, 2019, 8:44 pm
MANILA -- Socioeconomic Planning Secretary Ernesto Pernia on Friday raised the need to prioritize programs that will boost rice productivity as rice deflation was registered for the fifth consecutive month last September. The Philippine Statistics Authority (PSA) earlier in the day reported that… Read More
297 MSMEs in Bicol to showcase top products at Megamall fair
October 4, 2019, 5:28 pm
LEGAZPI CITY -- A total of 297 micro, small and medium enterprises (MSMEs) in the Bicol region are set to join the mainstream market with their uniquely handcrafted designs and delectable delicacies at the OKB Trade & Travel Fair at the SM Megamall in Mandaluyong City on October 9-13. The OKB… Read More
BSP sees faster inflation rate in Q4 2019
October 4, 2019, 3:14 pm
MANILA -- The Bangko Sentral ng Pilipinas (BSP) said Friday a slowdown of the September inflation rate to 0.9 percent from the previous month’s 1.7 percent is expected for the third quarter. It, however, cited a possible rise in the last quarter of the year. In a statement, the central bank… Read More
PH inflation slows further to 0.9% in September
October 4, 2019, 12:40 pm
MANILA -- The Philippines' inflation rate further slowed to 0.9 percent in September 2019, the lowest since 1.3 percent in June 2016, due to faster deceleration of the heavily-weighted food and non-alcoholic beverages index. This is a drop from 1.7 percent last August and lower than year-ago's 6.7… Read More
Data privacy has risen to new industry: DPO
October 3, 2019, 9:47 pm
MANILA – The need to secure data of customers and companies has paved the way for a new industry that now provides thousands of jobs around the globe. This was disclosed by Sam Jacoba, National Association of Data Protection Officers of the Philippines (NADPOP) founding president, in his talk… Read More
GCash strengthens dominance in PH
October 3, 2019, 9:36 pm
MANILA -- A study showed Mynt-owned GCash as the top mobile wallet used by Filipinos for cashless transactions with 4.9 million of the 6.4 million mobile wallet remitters in the Philippines. On Thursday, research group Nielsen Company revealed that Filipinos trust GCash more than other digital… Read More
PHP rises vs. USD, PSEi slides further
October 3, 2019, 6:54 pm
MANILA – The Philippine peso improved against the greenback on Thursday unlike the equities gauge, which slid for the fifth consecutive trading day on growth concerns overseas. The local currency finished the day at 51.815 from the previous day’s 51.94 close, which a trader attributed to… Read More
DOF exec hopeful e-cigarette tax to pass bicam
October 2, 2019, 9:13 pm
MANILA -- A ranking Department of Finance (DOF) official is optimistic that lawmakers will adopt the proposal to have a PHP45 excise tax on electronic cigarette (e-cigarette) to fund the universal health care (UHC) program. This after Albay Rep. Joey Salceda, who chairs the Ways and Means… Read More
Peso little changed, stocks decline
October 2, 2019, 9:09 pm
MANILA -- The Philippine peso ended on Wednesday sideways against the US dollar while the main equities index lost anew still because of trade concerns and additional geopolitical issues. The local currency finished the day at 51.94 almost unchanged from the previous session’s 51.93, which BPI… Read More
DA starts seed distribution under RCEF
October 2, 2019, 6:40 pm
MANILA -- In line with the implementation of one of the components of the Rice Competitiveness Enhancement Fund (RCEF), Agriculture Secretary William Dar has signed a memorandum of agreement (MOA) with seed growers’ associations and cooperatives in the country to ensure the supply of… Read More
DOE asks oil firms to explain discrepancies in price cut
October 2, 2019, 5:13 pm
MANILA -- Energy Secretary Alfonso Cusi has asked 13 oil companies to explain on Monday the discrepancies in their price reductions. In a statement Wednesday, the Department of Energy (DOE) said show-cause orders (SCOs) were issued “in view of the apparent difference in the oil price rollback… Read More
Anti-trust body breaks condo-internet exclusivity deal
October 2, 2019, 4:17 pm
MANILA -- The Philippine Competition Commission (PCC) has imposed terms and conditions for Urban Deca Homes Manila Condominium Corporation and its parent company 8990 Holdings, Inc. to comply with the antitrust law, marking the closure of the first abuse of dominance case in the country. The PCC… Read More
DOE drafting bill establishing strategic fuel reserve
October 2, 2019, 3:37 pm
MANILA -- The Department of Energy (DOE) is drafting a bill establishing a strategic petroleum reserve to cushion the impact of the rising oil prices on consumers and ensure supply security. DOE Assistant Secretary Leonido "Bodie" Pulido III said the department will soon be introducing the bill… Read More
SEC issues cease and desist order vs. Scentkoworld, Brendahl
October 2, 2019, 2:39 pm
MANILA -- The Securities and Exchange Commission (SEC) has ordered Scentko World Corporation (Scentkoworld) and Brendahl Cruz Holdings, Inc. (Brendahl) to stop soliciting investments from the public through its “buy and earn” program. The Commission en banc issued the cease and desist order on… Read More
Peso seen stable but risks ahead on external dev’t
October 1, 2019, 8:14 pm
MANILA – Fitch Solutions sees the Philippine peso to remain stable against the US dollar, but its weakness is also expected not because of domestic monetary easing but by developments overseas. In a report dated September 30, the unit of Fitch Group forecasts the local currency to average at… Read More
