Business
Arab bizmen scouting for investment prospects in PH
July 10, 2019, 6:34 pm
MANILA -- A group of Arab investors are in the country scouting for business opportunities. Joseph Timothy Rivera, Philippine Economic Zone Authority (PEZA) Investment Promotions Partner, said they organized an eight-day visit here starting Tuesday to encourage nine Arab businessmen to put up… Read More
PH trade to recover in 2nd half of 2019: NEDA
July 10, 2019, 6:31 pm
MANILA – Despite the Philippines’ recent decline in trade performance, imports and exports of goods are expected to be better in the second half of 2019 due to the country’s economic outlook remaining positive for the year, the National Economic and Development Authority said in a statement… Read More
TDF rates post mixed results on Wednesday auction
July 10, 2019, 5:52 pm
MANILA – Bids for Bangko Sentral ng Pilipinas’ (BSP) term facilities continue to surpass the offered volume but rates posted mixed results Wednesday. Data released by the central bank showed that average rate of the seven-day Term Deposit Facility (TDF) went down to 4.5466 percent from 4.5537… Read More
Triple-A slaughterhouses to lower prices of processed meat
July 10, 2019, 4:06 pm
MANILA -- Establishing triple "A" slaughterhouses could bring down the prices of processed meat in the market and improve the livelihood of hog raisers, local meat processors said. This, as meat processors turn to local suppliers to meet the market demand as the top meat importer in the country… Read More
PH signs P44-B agri project deal with Israel
July 10, 2019, 3:59 pm
MANILA -- In a bid to strengthen the agriculture industry and support farmers, the Department of Agriculture (DA) closed a deal with the Israeli government for a PHP44-billion loan to complete the proposed solar power plant project. Agriculture Secretary Emmanuel Piñol and Israel Ambassador to… Read More
Tawi-tawi gets 1st floating solar farm
July 9, 2019, 9:09 pm
MANILA -- The fishing island of Sibutu in Tawi-tawi Province will be the first fishing community with a floating solar farm to power ice-making and cold storage equipment, and serve as a fish convergence area or "Payao". In a meeting on Monday with executives of Aboitiz Power led by Tristan… Read More
Real estate firm lauded for 'pioneering investment' in Dumaguete
July 9, 2019, 9:06 pm
DUMAGUETE CITY – Dumaguete Mayor Felipe Antonio Remollo has lauded real estate developer Filinvest Land Inc. in setting the stage for investor confidence here and initiating a condominium-style of living in this Central Visayas capital. Remollo, in his message during Monday’s formal turnover… Read More
Safe, simple, secure cloud migration with Prisma
July 9, 2019, 8:35 pm
MANILA -- A world cybersecurity leader promises a new generation of data protection in the cloud through its new cloud security suite, Prisma. Palo Alto’s newest cloud security suite, launched on Tuesday at Makati Shangri-La Hotel, was designed to be a comprehensive tool in leading its customers… Read More
Peso stays firm, local shares drop ahead of Powell's testimony
July 9, 2019, 8:30 pm
MANILA -- The Philippine peso stayed firm against the US dollar Tuesday but the Philippine Stock Exchange index (PSEi) fell for the second consecutive day ahead of Federal Reserve Chairman Jerome Powell’s congressional hearing. The local currency ended the day’s trade at 51.31 from 51.32 a day… Read More
Jose Mari Chan’s firm launches residential project in Bacolod
July 9, 2019, 8:02 pm
BACOLOD CITY -- Singer-songwriter and businessman Jose Mari Chan launched on Monday a residential subdivision project developed by his family-owned firm in Mansilingan village here. Chan, president of Morning Glow Development Corp. (MGDC), led the groundbreaking ceremony of the seven-hectare Villa… Read More
BSP to offer all tenors on Wednesday
July 9, 2019, 5:26 pm
MANILA -- All three tenors of the Bangko Sentral ng Pilipinas’ (BSP) will be offered during the auction scheduled on Wednesday, July 10, 2019. In an advisory, the central bank said each of the seven, 14, and 28-day facility will be offered for PHP20 billion. The BSP has recently adopted a new… Read More
Second round audit of mining firms set July: DOF
July 9, 2019, 2:08 pm
MANILA -- The interagency Mining Industry Coordinating Council (MICC) is undertaking the second round of its “objective, science-based, and fact-finding” audit of mining operations in the fourth week of July, and expects such a review to be completed by January next year. Finance… Read More
MB approves $7.4-B funding for dev't projects in 2018
July 9, 2019, 1:17 pm
MANILA -- The Monetary Board (MB) approved public sector loans in 2018 amounting to USD7.355 billion, higher by USD3.869 billion (111 percent) from the 2017 level of USD3.486 billion, as the government ramped up spending on infrastructure development. These public sector loans consisted of: (a)… Read More
E. Visayas bank deposits up 9.27%; accounts breach 1-M mark
July 9, 2019, 12:45 pm
TACLOBAN CITY -- Bank deposits in Eastern Visayas grew by 9.27 percent to PHP119.46 billion in 2018 while the number of accounts reached the one million mark, indicating a “robust financial system” in the region. Deposit liabilities managed to maintain an annual growth in the past six years… Read More
PHP, PSEi weaken on stronger-than-expected US jobs report
July 8, 2019, 9:59 pm
MANILA -- Higher-than-expected US non-farm payrolls last June boosted the US dollar to the detriment of the Philippine peso Monday, while the main equities gauge slid as all eyes were on the Federal Reserve decision this month. The peso ended the day at 51.32 from 51.195 Friday last week, which… Read More
PH T-bill rates down
July 8, 2019, 9:55 pm
MANILA -- Rates of the Philippines’ Treasury bills (T-bills) declined across-the-board Monday, which National Treasurer Rosalia De Leon pointed to high liquidity situation given the cuts in banks’ reserve requirement ratio (RRR). Rate of the bellwether 91-day paper went down to 3.883 percent… Read More
20 MSMEs join 'Kapatid Mentor Me' program in Aurora
July 8, 2019, 7:57 pm
BALER, Aurora — Owners of at least 20 micro, small and medium enterprises (MSMEs) in the province are now undergoing training through the "Kapatid Mentor Me" (KMME) program of the Department of Trade and Industry (DTI). Pacita P. Bandilla, Senior Trade and Industry Development Specialist, said… Read More
PH economy to rebound, grow 6-6.5% by year-end: FMIC
July 8, 2019, 7:33 pm
MANILA -- The investment banking arm of the Metrobank Group expects the country’s economy to rebound in the second half of 2019 and grow by 6 to 6.5 percent by year-end, on the back of healthy government spending and easing inflation. First Metro Investment Corporation (FMIC) president Rabboni… Read More
Gov’t to start fuel marking before year ends: Dominguez
July 8, 2019, 5:16 pm
MANILA -- The Philippine government’s fuel marking program is a go this year with at least 95 percent of all marking sites operational by end of 2019. “The implementation of the fuel marking program is expected to boost government revenue by at least PHP5 billion in 2019,” Finance Secretary… Read More
NegOcc guv underscores role of private sector in growth, dev’t
July 7, 2019, 6:27 pm
BACOLOD CITY -- Negros Occidental Governor Eugenio Jose Lacson has underscored the role of the private sector as an engine of growth and development. “(We have) mutual responsibility to lead and secure the welfare of our Negrense entrepreneurs,” said Lacson at the opening of the 11th Negros… Read More
