Business
Competition body backs Iloilo public markets' PPP model
August 28, 2019, 7:28 pm
ILOILO CITY -- The Philippine Competition Commission (PCC) has backed this city’s effort to develop public markets through a public-private partnership (PPP) model. The PCC has conducted a regional road show on Philippine Competition Act for local stakeholders in a hotel in this city’s… Read More
Tanduay to produce Bacolod-labeled rum for export
August 28, 2019, 3:55 pm
BACOLOD CITY -- Tanduay Distillers Inc. (TDI), the diversified beverage company of taipan Lucio Tan, will release Bacolod-labeled rum for markets abroad, including the United States. This was announced by the country’s top rum maker in the just-concluded first-ever Rum Festival,… Read More
PCA chief eyes roadmap to boost coconut industry
August 28, 2019, 12:49 pm
MANILA -- Philippine Coconut Authority (PCA) Administrator Gonzalo Duque on Tuesday launched a strategy program aimed at crafting a comprehensive coconut industry roadmap in the country. Duque introduced the so-called 'TEAM’ (Training, Empowerment, Action centers for government services and… Read More
‘Negosyo sa Barangay’ launched in Ilocos Norte town
August 27, 2019, 10:56 pm
LAOAG CITY -- The launching of the “Negosyo sa Barangay” at the Paoay Civic Center in Veronica village has attracted around 350 budding and would-be entrepreneurs from its different barangays. “A few days ago, everyone was disquieted, bowing to the roaring floodwaters. But today, they came… Read More
PH economy ‘well insulated’ from negative dev'ts overseas: Diokno
August 27, 2019, 9:02 pm
MANILA -- Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno on Tuesday reiterated that while the domestic economy feels the impact of negative developments overseas, it remains "well insulated". In his speech during the Economic Journalists Association of the Philippines (EJAP) forum at… Read More
Peso little changed, PSEi declines
August 27, 2019, 8:47 pm
MANILA -- The Philippine peso ended Tuesday almost unchanged against the greenback despite the risk aversion amid trade and geopolitical issues overseas, while the main equities index slipped. The local unit started the week's first trading day at 52.26 from 52.27 last August 23. There was no… Read More
Passage of corporate income tax reform to boost investments
August 27, 2019, 8:38 pm
MANILA -- An economic manager and an economist have called for the immediate passage of the proposed law gradually lowering the corporate income tax and rationalizing tax incentives in a bid to boost foreign direct investment (FDI) inflows into the country. During an economic forum Tuesday hosted… Read More
PH speeds up infra dev’t; H2 GDP seen rising to 6.4%
August 27, 2019, 7:20 pm
MANILA -- The government is fast-tracking the implementation of priority infrastructure projects, as it redoubles efforts in public spending to boost the economy in the second semester and the next few years. During an economic forum Tuesday hosted by the Economic Journalists Association of the… Read More
6 CebGo Manila-Naga flights cancelled Tuesday
August 27, 2019, 7:11 pm
MANILA -- Six CebGo's flights between Manila and Naga City were cancelled on Tuesday due to bad weather in Bicol, the Manila International Airport Authority reported. These flights were DG 6111/6112, DG 6113/6114, and DG 6117/6118 Manila-Naga-Manila. The Philippine Atmospheric, Geophysical and… Read More
DA positions Mindanao as PH 'food basket'
August 25, 2019, 6:48 pm
DAVAO CITY -- Mindanao will be the food basket of the Philippines and will be given its due share and priority in agriculture and rural development. This was the take of Agriculture Secretary William Dar in a press briefing in Davao City on Saturday, wherein he cited that Mindanao is a great… Read More
Turkey government to assist BARMM agri sector
August 25, 2019, 3:31 pm
DAVAO CITY -- The government of Turkey vowed to extend assistance to farmers, agriculturists, and leaders of the Bangsamoro Administrative Region for Muslim Mindanao (BARMM). In a press statement released on Saturday, the Mindanao Development Authority (MinDA) through its Secretary Emmanuel Piñol… Read More
Minimal oil price rollback expected this week
August 25, 2019, 3:23 pm
MANILA – Petro Gazz will cut prices of its gasoline and diesel products on Tuesday (August 27).In an advisory, the oil company said prices of both products will be slashed off PHP0.10 per liter effective 6 a.m. on Tuesday. These price adjustments are in line with the changes in the international… Read More
Iloilo agri office warns vs. backyard slaughtering
August 24, 2019, 10:02 pm
ILOILO CITY -- The Iloilo Provincial Agriculture Office (PAO) on Saturday warned against backyard slaughtering as hogs need to be inspected first before being butchered for consumption. Dr. Lani Bautistaa, chief of the PAO livestock and poultry division, in a phone interview, said backyard… Read More
Piñol eyes barter trading for agri products in Luzon, Mindanao
August 23, 2019, 9:14 pm
MANILA -- Mindanao Development Authority (MinDA) head Emmanuel Piñol is looking to implement barter trading for fruits and other agricultural products between Mindanao and Luzon to boost economic growth. This, as the MinDA will lead a fruit festival in Baguio City on August 24-25 featuring… Read More
BSP cuts TDF offering for next week
August 23, 2019, 8:51 pm
MANILA -- The Bangko Sentral ng Pilipinas (BSP) will offer lower volume during the term deposit facility (TDF) auction on August 28.In an advisory, the central bank said a total of PHP80 billion will be offered next week, lower than the PHP100 billion this week. Specifically, the seven- and 14-day… Read More
Peso, stocks end week little changed
August 23, 2019, 8:49 pm
MANILA -- Investors took a wait-and-see stance ahead of Federal Chairman Jerome Powell’s Jackson Hole meeting speech resulting in the sideways close of the peso and Philippine Stock Exchange index (PSEi) on Friday. The local unit finished the week at 52.27, little changed from the 52.255 close a… Read More
DTI backs coffee industry in Aurora
August 23, 2019, 8:13 pm
BALER, Aurora -- The coffee industry in this province has started to revitalize as a result of the interventions being undertaken by the Department of Trade and Industry (DTI). Through the DTI program’s shared service facility (SSF), the Samahang Magkakape sa Lalawigan ng Aurora (SMLA) managed… Read More
Bizmen asked to help draw foreign investments
August 23, 2019, 7:27 pm
PALO, Leyte -- The Philippine Chamber of Commerce and Industry (PCCI) has asked local businessmen to help their communities become more attractive to foreign investors. Speaking before the three-day 28th Visayas Area Business Conference held at Oriental Hotel here, PCCI president Alegria Limjoco… Read More
AboitizPower acquires wind power facility in Vietnam
August 23, 2019, 7:25 pm
MANILA -- AboitizPower, through its wholly-owned subsidiary AboitizPower International, announced Friday that it has signed a share purchase agreement for the acquisition of 100-percent ownership of Mekong Wind Pte. Ltd. (Mekong Wind) from Armstrong Southeast Asia Clean Energy Fund Pte. Ltd. The… Read More
DMCI Power sales volume up 19% in H1
August 23, 2019, 6:58 pm
MANILA -- The DMCI Power Corp. (DPC) recorded a 19 percent increase in sales volume for the first half of the year, following an upsurge in power demand and improvement of distribution and transmission line systems in key operating areas. Sales volume reached 169.50 gigawatt hours (GWh) compared… Read More
