Business
Skyjet's Manila-Busuanga flights cancelled due to bad weather
August 23, 2019, 6:34 pm
MANILA -- Four flights between Manila and Busuanga were cancelled on Friday afternoon due to bad weather, the Manila International Airport Authority (MIAA) reported. These flights were M8 715/716, and M8 713/714 Manila-Busuanga-Manila. The Philippine Atmospheric, Geophysical and… Read More
Cement importers flawed in assailing safeguard measure
August 23, 2019, 5:48 pm
MANILA -- Importers and traders are said to be flawed in disputing the Tariff Commission's (TC) recommendation to increase the safeguard measure on imported cement stating that the basis of the computation is wrong, according to the Cement Manufacturers Association of the Philippines (CEMAP). Last… Read More
Farm-to-market roads before Mindanao railway: Piñol
August 23, 2019, 5:22 pm
MANILA -- Newly-appointed Mindanao Development Authority (MinDA) Chairperson Emmanuel Piñol said the agency would prioritize farm-to-market road projects before setting its sights on bigger infrastructure developments. “(First, we need) basic infrastructure, which will be the… Read More
BSP mum on Yasay's arrest
August 23, 2019, 4:27 pm
MANILA -- The Bangko Sentral ng Pilipinas (BSP) on Friday declined to comment on the arrest of former Foreign Affairs Secretary and Banco Filipino Savings and Mortgages Bank (Banco Filipino) director Perfecto Yasay Jr. "The service of the warrant of arrest against Perfecto R. Yasay Jr. is a… Read More
Growth on investments, employment in Clark noted
August 22, 2019, 9:18 pm
CLARK FREEPORT, Pampanga -- Investments in this Freeport are increasing, indicating investor confidence on the back of the country's sound macroeconomic fundamentals and growth prospects. The Clark Development Corporation (CDC) said there are 54 new locators here with an additional workforce of… Read More
Security Bank chief eyes 6% GDP in 2019
August 22, 2019, 8:39 pm
MANILA – Security Bank Corp. President and Chief Executive Officer (CEO) Sanjiv Vohra has expressed optimism that the Philippine economy will hit a 6 percent growth rate this year, with recovery expected in the second half of the year. In a briefing Thursday, Vohra said economic prospects were… Read More
Dar orders deployment of meat inspectors in markets
August 22, 2019, 8:36 pm
MANILA -- Agriculture Secretary William Dar has ordered the deployment of local government unit meat inspection services (LMIS) enforcement teams to closely monitor all public and private meat markets and outlets in view of the reported increase in swine mortalities in Bulacan and Rizal provinces.… Read More
Peso closes sideways, stocks dip anew
August 22, 2019, 7:46 pm
MANILA -- The Philippine peso ended Thursday sideways against the greenback while the Philippine Stock Exchange index (PSEi) fell anew due to growth concerns overseas. The local unit ended the day at 52.255 from 52.29 last Tuesday. There was no trading on Wednesday due to the commemoration of the… Read More
TDF rates decline ahead of holiday, end-month requirements
August 22, 2019, 7:24 pm
MANILA -- Term deposit facility (TDF) rates posted mixed results on Thursday due to weaker demand as shown by the lower tenders compared to the previous week’s auction. Data released by the Bangko Sentral ng Pilipinas (BSP) showed that the average rate of the six-day facility, a day shorter than… Read More
Vista Land to launch P50-B residential projects
August 22, 2019, 7:17 pm
MANILA -- Vista Land & Lifescapes, Inc., one of the Philippines’ leading integrated property developers and the country’s largest homebuilder, targets to launch at least PHP50 billion worth of residential projects in 2019. In a statement, Vista Land president and chief executive officer… Read More
AirAsia PH exec confirms plan to launch Guam services
August 22, 2019, 1:41 pm
MANILA -- AirAsia Philippines chief executive officer (CEO) Ricardo Isla on Tuesday confirmed the carrier's plan to launch services to Guam. "Among the US territories, Guam is the closest to the Philippines," Isla told the Philippine News Agency (PNA) in an interview. The airline is… Read More
Economic cost of alcohol consumption seen at P211-B
August 22, 2019, 10:13 am
MANILA -- Authorities have reiterated that reforms under the sin tax law are primarily health measures rather than a revenue-targeted move. Finance Undersecretary Karl Chua, in a presentation during the hearing of the Senate Ways and Means Committee Tuesday, said the topmost reason for this… Read More
More inventions to benefit Filipinos pushed
August 22, 2019, 7:51 am
MANILA -- The Intellectual Property Office of the Philippines (IPOPHL) has encouraged its Innovation and Technology Support Office (ITSO) partners to intensify their innovative capacity towards potential inventions that will benefit more Filipinos. IPOPHL Director-General Josephine Santiago noted… Read More
Luzon producers favor more sugar imports
August 21, 2019, 9:04 pm
MANILA -- A group of sugarcane producers based in Luzon is supporting a recent order of the Sugar Regulatory Administration (SRA) allowing additional importation of 250,000 metric tons refined sugar to stabilize prices in the local market. Luzonfed said the SRA plays a bigger role in determining… Read More
DA orders culling of hogs in Bulacan, Rizal; bans swill feeding
August 21, 2019, 7:10 pm
MANILA -- In view of the reported presence of a swine disease in Bulacan and Rizal provinces, the Department of Agriculture (DA) has ordered the culling of all hogs -- infected or not -- within a 1-km. radius of infected farms. In a press briefing in Makati City on Wednesday, DA spokesperson Noel… Read More
Alcohol excise tax hike to fund universal health care: DOF exec
August 21, 2019, 1:08 pm
MANILA -- A ranking official of the Department of Finance (DOF) is optimistic that senators will realize the importance of increasing excise taxes on alcohol products, as this will help fund the Universal Health Care (UHC) program. In an interview after the hearing of the Senate ways and means… Read More
SM Group assists SMEs build resilience to disasters
August 21, 2019, 8:07 am
MANILA -- The SM Group, which works with about 25,000 small and medium enterprises representing 27 percent of total SMEs in the country, is focusing on helping these firms build resilience to disasters to achieve a sustainable value chain and business continuity. “I really don’t believe that… Read More
Peso ends sideways, stocks slip
August 20, 2019, 8:44 pm
MANILA -- The Philippine peso ended Tuesday sideways against the US dollar but the main stocks gauge slipped due to profit-taking. The local currency ended the day at 52.29 from 52.31 a day ago, which a trader attributed to US government's decision to give Huawei a 90-day leeway to buy supplies… Read More
DPWH, NLEX open new Balagtas northbound entry
August 20, 2019, 8:33 pm
BALAGTAS, Bulacan- -- A joint road project of the Department of Public Works and Highways (DPWH) and NLEX Corporation was opened on Tuesday here that would give a faster and more convenient travel in this province up to the central and northern part of Luzon. The new 600-meter Balagtas northbound… Read More
AirAsia PH to boost domestic, Chinese routes
August 20, 2019, 7:56 pm
MANILA -- The new chief executive officer (CEO) of AirAsia Philippines said on Tuesday he would continue his predecessor's plans to boost the carrier's services here and between the Philippines and China. In an interview with the Philippine News Agency (PNA), Ricardo Isla said a new A320 aircraft… Read More
