Business
Mining Philippines 2019 slated Sept 10-12
September 9, 2019, 8:16 pm
MANILA -- Various stakeholders, led by the metallic mineral resource industry’s big players, will gather for the “Mining Philippines 2019 International Conference and Exhibition" slated on September 10-12, 2019 at Sofitel Philippine Plaza in Pasay City. With the Theme: “Riding the Wave:… Read More
Expansion in capital formation to help fuel PH growth
September 9, 2019, 6:35 pm
MANILA -- Improvement in capital formation, along with an increase in consumer and government spending, would allow the Philippine economy to post a 6% growth this year. In a report Monday, ING Bank Manila senior economist Nicholas Mapa said the expected 75 basis points reduction in the Bangko… Read More
NEDA downplays inflation impact of African swine fever situation
September 9, 2019, 5:46 pm
MANILA -- The African swine fever (ASF) situation will not have a significant impact on consumer prices, with inflation rate expected to average below target of 3.2 percent this year, according to the country’s chief economist. “I don’t think (its impact is) significant. Inflation is not… Read More
Food, beverage firm Fruitas Holdings files for P1.2-B IPO
September 9, 2019, 5:44 pm
MANILA -- Leading food and beverage kiosk operator Fruitas Holdings, Inc. (Fruitas) has filed a PHP1.2-billion initial public offering (IPO) with the Securities and Exchange Commission to fund its store network expansion and store improvement, commissary expansion, expansion of its foodpark… Read More
Korean Air boosts PH-Korea cargo services
September 8, 2019, 5:57 pm
MANILA -- Korean Air (KE) has been boosting cargo services between Manila and Incheon, offering twice a week cargo flights due to a rise in the demand, an executive said Friday. "KE transported 437 tons of cargo to Manila in April, when (our dedicated) freighter service has not started yet. The… Read More
PEZA seeks retention of incentives for exporters
September 8, 2019, 5:39 pm
MANILA -- The Philippine Economic Zone Authority (PEZA) is seeking the application of a move to rationalize tax incentives on domestic enterprises first, while retaining perks for export-oriented industries in the economic zones to enable them to benefit from the trade war between the United… Read More
PSEi, PHP rise on positive economic news overseas
September 6, 2019, 6:10 pm
MANILA – Improved sentiments, partly due to cooling trade-related concerns, allowed the Philippines’ main stocks gauge to rise on the third consecutive day and this performance was mirrored by the peso during the day. The Philippine Stock Exchange index (PSEi) ended Friday up by 0.45 percent,… Read More
Slower inflation rate to boost PH 2019 growth: DOF exec
September 6, 2019, 6:07 pm
MANILA -- Continued deceleration of inflation rate will allow the Philippine economy to post stronger growth in the second half of 2019. This was cited by Finance Undersecretary and Department of Finance (DOF) economist Gil Beltran in an economic bulletin released Friday. “Slower inflation will… Read More
RCBC launches travel convenience-focused card
September 5, 2019, 9:23 pm
MANILA – The rising number of Filipinos who travel may opt to get an RCBC Bankard since it will allow them unlimited use of airport lounges at the Ninoy Aquino International Airport (NAIA) terminals as well as double credit limit when they go abroad. This was highlighted by RCBC Bankard… Read More
Another BSP rate cut looms after drop in inflation rate
September 5, 2019, 8:56 pm
MANILA -- Economists of ING Bank Manila and ANZ Research expect another 25-basis points reduction in the Bangko Sentral ng Pilipinas’ (BSP) policy rates as early as this September after domestic inflation rate fell below 2 percent last August. The Philippine Statistics Authority (PSA) on… Read More
Accelerating infra projects needed to boost manufacturing growth
September 5, 2019, 7:30 pm
MANILA – The speedy implementation of public works towards the second semester of 2019 is seen to prop up demand and help boost the country’s manufacturing growth, said the National Economic and Development Authority (NEDA). In the Monthly Integrated Survey of Selected Industries (MISSI) of… Read More
PH employment numbers continue to improve in July 2019
September 5, 2019, 7:22 pm
MANILA – The country’s labor force continued to improve, recording increased employment and lower underemployment in July 2019, the National Economic and Development Authority said. The July round of the Labor Force Survey (LFS) of the Philippine Statistics Authority showed that employment… Read More
‘Negosyo Serbisyo sa Barangay’ launched in Pangasinan
September 5, 2019, 7:17 pm
DAGUPAN CITY -- The Department of Trade and Industry’s (DTI) office in Pangasinan has targeted nine municipalities in the province as first recipients of the “Negosyo Serbisyo sa Barangay”, which aims to assist and encourage people in the communities to engage in business. During the… Read More
Stocks rise anew, peso ends sideways
September 5, 2019, 6:53 pm
MANILA -- The Philippine Stock Exchange index (PSEi) gained for a second consecutive day on Thursday while the peso ended flat although a tad weaker due to lingering global growth issue as well as trade concerns. The main stocks gauge rose 0.73 percent, or 57.33 points, to 7,898.19 points. BPI… Read More
Inflation rate seen falling further as rice prices drop
September 5, 2019, 6:13 pm
MANILA -- Inflation is expected to continue slowing in the coming months after prices of basic goods and services decelerated to its slowest pace in almost three years, as the rice tariffication law further brings down the price of rice. The Philippine Statistics Authority (PSA) reported Thursday… Read More
Dar urges tuna players to modernize operations, fishing fleets
September 5, 2019, 5:02 pm
GENERAL SANTOS CITY -- Agriculture Secretary William Dar has urged tuna industry players to continuously upgrade their operation, especially their fishing fleets, to make them more competitive in the expanding global markets. Speaking at the opening of the 2019 National Tuna Congress here on… Read More
Violent protests in Hong Kong hit economy hard
September 5, 2019, 3:26 pm
HOUSTON -- The violent protests in Hong Kong are losing support and are battering the city's economy, Jon Raymond Taylor, a US academic has said. "When you start doing things that are of a very violent nature, you're going to lose the support of people. You're going to scare people. You're going… Read More
BSP sees inflation to settle at 2-4% until 2021
September 5, 2019, 2:08 pm
MANILA -- The Bangko Sentral ng Pilipinas (BSP) expects the country’s inflation to remain within the 2 to 4-percent target band until 2021 after rate of price increases decelerated to its lowest level in almost three years. The inflation rate further declined to 1.7 percent in August 2019… Read More
PH inflation further slows to 1.7% in August
September 5, 2019, 11:09 am
MANILA -- The country’s inflation rate decelerated further to 1.7 percent in August 2019, its slowest pace in almost three years, as prices of food and non-alcoholic beverages continued to decline. In a press briefing Thursday, Philippine Statistics Authority (PSA) Undersecretary and National… Read More
PH nickel mining sector to benefit from Indonesia's export ban
September 4, 2019, 9:02 pm
MANILA – The Philippines’ decision to implement stricter environmental policies and regulations is projected to hamper the nickel mining sector’s growth, but Fitch Solutions Macro Research believes the sector can get a relief from Indonesia’s nickel ore export ban. In a report, the unit of… Read More
