Business
Oil prices down as Saudi Arabia's supply concerns ease
September 24, 2019, 9:42 pm
ANKARA -- Oil prices were down early Tuesday as investors' worries eased with news that Saudi Arabia is expected to restore full production by next week. International benchmark Brent crude was trading at USD64.29 per barrel at 0624 GMT for a 0.25% decline after closing Monday at USD64.45 a… Read More
PH gov't eyes A credit rating over the next 2 years
September 24, 2019, 9:28 pm
MANILA – Philippine officials aim to elevate the country’s investment grade credit rating to A level over the next two years given the sustained robust domestic growth and proven resiliency. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno, in his speech during the Philippines… Read More
Fruitas Holdings ramping up store expansion
September 24, 2019, 8:14 pm
MANILA -- Food and beverage kiosk operator Fruitas Holdings Inc., which is preparing for an initial public offering (IPO), is expanding its footprint as it plans to have up to 750 new stores in the next three years, amid strong consumer spending and vibrant economy. Fruitas Holdings chief… Read More
Stocks recovers, peso ends sideways on global growth issues
September 24, 2019, 7:31 pm
MANILA -- The Philippine Stock Exchange index (PSEi) recovered on Tuesday after a four-day slide while the peso ended sideways as investors continued to worry on global economic output. The main equities gauge rose by 0.34 percent, or 26.43 points, to 7,893.94 points. Regina Capital managing… Read More
BTr rejects 20-yr T-bond bids due to rate uptick
September 24, 2019, 7:22 pm
MANILA -- The Bureau of the Treasury’s (BTr) auction committee on Tuesday rejected all bids for the 20-year Treasury bond (T-bond) after rates rose beyond the acceptable level. Had the auction committee fully awarded the debt paper for PHP20 billion, its average rate would have risen to 5.356%… Read More
Data security firm introduces ‘zero trust’ software to PH
September 24, 2019, 7:04 pm
MANILA – Centrify, a world leader in data security, on Tuesday introduced for the first time its "zero trust" privileged access management (PAM) software for enterprising Filipino businesses. Dan Mountstephen, a 20-year veteran in the IT industry and Centrify’s regional vice president for the… Read More
Megaworld targets 30K workers for BPO towers in Bacolod City
September 24, 2019, 3:48 pm
BACOLOD CITY -- Property giant Megaworld is eyeing to boost employment in the local business process outsourcing (BPO) sector following the completion of its two office towers inside the 34-hectare The Upper East township here in 2022. “Our target is to have about 30,000 BPO workers in The Upper… Read More
Daegu flight to boost Cebu as top destination
September 23, 2019, 8:48 pm
CEBU CITY -- Additional flights from the South Korean city of Daegu arriving at the Mactan-Cebu International Airport (MCIA) will boost Cebu’s edge as top destination for international visitors, the airport management on Monday said. The GMR Megawide Cebu Airport Corporation (GMCAC) welcomed… Read More
DTI seeks initial P300-M fund to bankroll innovation law
September 23, 2019, 8:37 pm
MANILA -- The Department of Trade and Industry (DTI) is seeking an initial PHP200 million to PHP300-million revolving fund for the implementation next year of a new law supporting the innovation activities especially of micro, small and medium enterprises (MSMEs) and enable them to become part of… Read More
Stocks, peso slip on trade concerns
September 23, 2019, 8:31 pm
MANILA -- Investors stayed on the sidelines Monday, resulting in the slight dip of Philippine shares and the peso weakness after Chinese trade negotiators cut short their trip to the US. The Philippine Stock Exchange index (PSEi) ended the day at 7,867.51 points, down 0.05 percent or 3.60… Read More
Scoot removes processing fees
September 23, 2019, 5:48 pm
MANILA -- Scoot, the low-cost arm of Singapore Airlines Group, on Monday announced the scrapping of processing fees in all its markets. Having been able to take advantage of technological improvements in payment systems to save on costs, removing the processing fees is the carrier's way to pass… Read More
Dominguez declines GlobalMarkets citation
September 23, 2019, 4:59 pm
MANILA -- Finance Secretary Carlos Dominguez III has decided not to accept an award naming him as among the current exemplary Finance Ministers in the world, saying he is just doing his job. In an e-mail to Dominguez dated August 21, 2019, a copy of which was sent to journalists Monday,… Read More
Dar assures safeguards in place on rice imports
September 23, 2019, 4:35 pm
MANILA -- Agriculture Secretary William Dar on Monday assured that safeguards are in place, such as increasing tariff on imports, against over importation of rice as one of the measures to stabilize the supply and price of the commodity. This, as the DA has started the investigation on the… Read More
AirAsia PH confident of continuous capacity growth
September 23, 2019, 4:33 pm
MANILA -- It took about a year and half for the AirAsia Group to get 100 million passengers -- from hitting the 500 million mark in March 2018, to 600 million mark this September -- and AirAsia Philippines chief executive officer Ricardo Isla is confident such trend would continue. "We are… Read More
DOF exec cites need to enhance rice productivity programs
September 22, 2019, 4:28 pm
MANILA -- A ranking Department of Finance (DOF) official has raised the need to enhance rice productivity programs to make this product competitive and lessen the need to protect. In an economic bulletin issued Friday, Finance Undersecretary Gil Beltran said local rice has a 44.4% effective… Read More
Things to know about cash cards
September 22, 2019, 3:21 pm
MANILA -- Banks and technological solutions companies continue to introduce new products that cater to specific groups such as those who love shopping and traveling, and take-up is strong not only because of incentives but security features as well. However, some people said the limit on the… Read More
San Miguel eyes unsolicited proposal for Panay-Guimaras bridge
September 21, 2019, 4:25 pm
ILOILO CITY -- More investments for Iloilo City and Iloilo province are expected following the visit of San Miguel Corp. president and chief operating officer Ramon Ang for the groundbreaking of the company's PHP6.7 billion brewery facility in Leganes town on Friday. Prior to his visit to… Read More
PAL Express among 'Asia's Top 100 Employers'
September 21, 2019, 1:12 pm
MANILA -- PAL Express was recently awarded as among Asia's Top 100 Employers during the 10th Asia's Best Employer Brand Awards held in Singapore, the carrier announced Friday. "This award is significant as it recognizes our commitment to take care of our people by developing new talent, and… Read More
SMB breaks ground for P6.7-B investment in Iloilo town
September 21, 2019, 9:37 am
LEGANES, Iloilo -- The municipality of Leganes was full of gratitude for the PHP6.7-billion brewery facility project of the San Miguel Brewery Inc. (SMB) that will rise in the town’s Barangay Gua-an within two years. Leganes Mayor Vincent Jaen II, in his message during the groundbreaking… Read More
DA bares ASF-positive areas
September 20, 2019, 8:54 pm
MANILA -- The Department of Agriculture (DA) on Friday identified areas with confirmed cases of African Swine Fever (ASF). These are Barangays San Isidro, San Jose, Macabud, Geronimo, San Rafael, and Mascap in Rodriguez, Rizal; San Mateo Slaughterhouse, Rizal; Barangay Cupang, Antipolo City;… Read More
