Business
People support tax reforms if they feel benefits: Dominguez
July 1, 2019, 8:51 pm
MANILA -- Finance Secretary Carlos said he is optimistic about the passage of the remaining tax reform measures because of the support of lawmakers and most Filipinos. “The confidence level is very high,” he said in a panel discussion during the 2019 pre-SONA economic and infrastructure forum… Read More
Strong PH economy softens impact of US-China trade war
July 1, 2019, 8:50 pm
MANILA -- Top economic officials of the government are optimistic the Philippine economic growth momentum is strong enough to overcome the impact of trade tensions between the United States (US) and China. “There are those things that basically would re-channel some of what would have been… Read More
6% GDP growth in Q2 possible
July 1, 2019, 8:49 pm
MANILA -- Philippine monetary officials are now seeing a possible 6 percent output for the domestic economy in the second quarter of 2019, faster than the 5.6 percent in the first three months of this year. “We are looking at about 6 percent,” Bangko Sentral ng Pilipinas (BSP) Deputy Governor… Read More
Passage of economic measures to boost FDI inflows: Pernia
July 1, 2019, 6:10 pm
MANILA -- Socioeconomic Planning Secretary Ernesto Pernia on Monday said inflows of foreign direct investments (FDI) can at least triple their current level with the passage of economic measures to liberalize the entry of foreign investments into the country. During the Pre-State of the Nation… Read More
Governance, sustainability roadmap needed for 'A' rating
July 1, 2019, 1:50 pm
MANILA -- A road map detailing ways by which government can tackle governance and sustainability issues is necessary for an "A" level credit rating. This was stressed by Bangko Sentral ng Pilipinas (BSP) Deputy Governor Diwa Guinigundo during government's 2019 pre-SONA economic and infrastructure… Read More
Another oil price hike set for July 2
July 1, 2019, 12:14 pm
MANILA – Several oil companies are increasing their pump prices on Tuesday (July 2, 2019), in line with developments in the international market. Petro Gazz, Seaoil, and PTT Philippines said the prices of their respective gasoline products will be hiked by PHP1.20 per liter and diesel by PHP0.95… Read More
SEC clears capital raising of 3 hospitals
June 30, 2019, 6:24 pm
MANILA -- The Securities and Exchange Commission (SEC) has given three more members of the Allied Care Experts (ACE) Medical Group the green light to raise as much as PHP1 billion each in separate initial public offerings. In its meeting on June 27, the Commission En Banc rendered effective the… Read More
Jollibee expands presence in Vietnam
June 28, 2019, 9:34 pm
MANILA -- Homegrown fast-food giant Jollibee Foods Corp. (JFC) is expanding its footprint in Vietnam as it plans to put up 20 to 30 new stores a year. “We look at the population of Vietnam which is close to 95 million, about the same in the Philippines and still fast-growing market so there is a… Read More
Century Properties spending P30-B for expansion
June 28, 2019, 9:34 pm
MANILA -- Century Properties Group (CPG) will be spending PHP30 billion in the next three years to expand its various enterprises, as it embarks on a new line of in-city residential developments. CPG President and Chief Executive Officer Jose Marco Antonio said the company aims to equally grow its… Read More
PAL puts 2M domestic seats on 'biggest sale'
June 28, 2019, 9:28 pm
MANILA -- Flag carrier Philippine Airlines announced on Friday that more than two million seats are up for grabs in its "biggest domestic seat sale" from June 28 to July 7. Customers can book as low as PHP399 one-way economy base fare, for travel period between July 1 and December 12. PAL… Read More
Local stocks down, peso sideways ahead of Trump-Xi meeting
June 28, 2019, 8:49 pm
MANILA -- The Philippine peso ended sideways after the US dollar weakened ahead of the Trump-Xi meeting this weekend while risk aversion resulted in a decline of the main equities index as the trading week came to a close. The local currency finished the week at 51.24 from 51.27 a day ago, which… Read More
World Bank OKs new $300-M funding for PH CCT program
June 28, 2019, 6:29 pm
MANILA -- The World Bank (WB) on Friday disclosed that it has approved a USD300-million loan as additional funding for the Philippines’ conditional cash transfer (CCT) program currently benefiting 4.2 million families, including 8.7 million children. In a statement, the WB said its Board of… Read More
BSP eyes June inflation at 2.2% to 3%
June 28, 2019, 6:27 pm
MANILA -- The lower prices of rice and petroleum products are seen to contribute to the slowing down of inflation in June, which the Bangko Sentral ng Pilipinas (BSP) forecasts to stay at 2.2 percent to 3 percent. In a statement Friday, the central bank said its Department of Economic Research… Read More
New videos promote spiritual spots in Yamagata Prefecture
June 28, 2019, 4:40 pm
YAMAGATA, Japan -- The Yamagata Prefectural Government in northeastern Japan released on Thursday two promotional videos. The first focuses on "Shojin Ryori" – the traditional vegetarian cuisine passed down since antiquity --of the "Dewa Sanzan" (Three Mountains of Dewa) region, and the second… Read More
Hyland brings content services to construction projects
June 28, 2019, 3:53 pm
SYDNEY -- Hyland introduced on Wednesday a range of content services to the local construction industry, which are targeted to improve efficiency in several large projects in the region. Content services, which includes an enterprise content management (ECM) solution as well as intelligent… Read More
Chinese firm supplies electricity to Aeta communities
June 28, 2019, 3:48 pm
MANILA -- At least a thousand members of two Aeta communities in San Marcelino town in Zambales province now enjoy the ease and comfort of having their own source of electric power. Residents of New and Old Baliwet, who have been denied the benefits of modern civilization for so long, were… Read More
Alt Global eyes building 2K cell sites across PH in 4 years
June 28, 2019, 12:30 pm
MANILA -- Alt Global Solutions, Inc. is offering to build some 2,000 cell sites across the country within four years as the Department of Information and Communications Technology (DICT) pursues its common tower policy initiative for the local telecommunications industry. “We are committed to… Read More
SMDC, Federal Land team up for Makati residential project
June 27, 2019, 9:07 pm
MANILA -- The real estate development arms of two of the country’s top conglomerates, SM Investments Corporation and GT Capital Holdings Inc., have joined forces to develop a luxury residential project in Makati Central Business District, touted as the most expensive one to date. SM Development… Read More
Uncertainties still prevail in PH-SoKor trade talks
June 27, 2019, 9:06 pm
MANILA -- Trade and Industry Secretary Ramon Lopez said the Philippine panel is taking full advantage of ongoing free trade discussions with South Korean counterparts to determine options that will greatly benefit both countries. He, however, said that it is “too early to tell” by how much… Read More
DICT to issue permits for new cell sites within 3 months
June 27, 2019, 8:32 pm
MANILA -- The Department of Information and Communications Technology (DICT) targets to issue permits to tower building companies in three months or less to green light the construction of new cell sites. "Our target is that we will have all the permits by two months or three months. We will… Read More
