Business
Gov’t revives Food Terminal to support agri producers
April 29, 2019, 2:14 pm
AMBISYON 2040. A quote card of President Rodrigo Duterte was flashed during the event. Food Terminal Incorporated's revival is anchored on the three pillars of Ambisyon 2040 -- “Malasakit, Pagbabago, at Pag-unlad (Adherence, Change, and Progress)". (PNA photo by Christine Cudis)MANILA -- The… Read More
Wage boards urged to set ‘realistic’ wage hike for workers
April 29, 2019, 2:06 pm
MANILA -- The business sector is urging regional wage boards to come up with a "realistic" wage hike for workers that will ensure improvement of their living conditions but at the same time will not unduly burden entrepreneurs so the inflow of investments can be sustained. Philippine Chamber of… Read More
TUCP seeks P710/day across-the-board wage hike
April 28, 2019, 2:47 pm
MANILA -- The Trade Union Congress of the Philippines (TUCP), touted as the country's largest labor union, announced on Sunday that it will be seeking for a PHP710 per day across-the-board wage increase for workers in the National Capital Region (NCR) in order to lift more Filipinos out of… Read More
Ex-agri chief calls for creation of Department of Fisheries
April 27, 2019, 6:49 pm
MANILA -- Former Agriculture Secretary William Dar on Saturday proposed the creation of a Department of Fisheries that will be independent of the Department of Agriculture to give more attention to and support for the sustainable development of the country's fisheries and aquatic resources. In his… Read More
DA, DTI to monitor sugar prices
April 27, 2019, 1:17 pm
MANILA -- The Department of Agriculture (DA) and the Department of Trade and Industry (DTI) will team up in monitoring the recent irregular increase in sugar prices in the market. “We conduct a lot of investigations, but at the end of the day, it will always redound to participation by the… Read More
ADB lauds PH's infra investment through 'Build, Build, Build'
April 27, 2019, 11:48 am
CEBU CITY -- The Asian Development Bank (ADB) on Friday lauded the “Build, Build, Build” program of the national government as a demonstration of how it undertakes infrastructure projects with commitment and focus. ADB Philippines Country Director Kelly Bird said he has seen a lot of progress… Read More
BSP execs see within-target inflation amid oil price upticks, El Niño
April 27, 2019, 8:46 am
MANILA -- Philippine monetary officials continue to see within-target average inflation this year amid risks arising from higher global oil prices and the impact of El Niño. In a briefing Friday, Bangko Sentral ng Pilipinas (BSP) Assistant Governor Francisco Dakila Jr. said the inflation’s… Read More
IPOPHL to promote IP education in higher academic institutions
April 26, 2019, 11:10 pm
MANILA -- The Intellectual Property Office of the Philippines (IPOPHL) is seeking to integrate intellectual property (IP) education in the curriculum of higher academic institutions in the country. This, as the IPOPHL expressed its willingness to partner with universities as well as technical… Read More
PH bags $12-B worth of biz deals in China
April 26, 2019, 9:13 pm
BEIJING – President Rodrigo Duterte bagged around USD12.16 billion worth of business deals in his fourth visit here. On Friday, 19 business agreements were signed between Filipino and Chinese companies. These deals include one contract agreement, two purchase framework agreements, three… Read More
Ayala plans to launch venture capital fund to boost tech innovations
April 26, 2019, 8:50 pm
MANILA -- Conglomerate Ayala Corporation and its affiliates have announced plans to launch a new venture capital fund of at least USD150 million which will be invested globally in new technologies that can complement their business activities, as they aggressively ramp up digitalization. In a… Read More
Peso ends week sideways vs. USD, stocks slip
April 26, 2019, 8:17 pm
MANILA -- The Philippine peso ended the week sideways as investors await reports on the United States’ first-quarter output, while the Philippine Stock Exchange index (PSEi) slipped ahead of the decision on US-China trade talks. The local currency ended Friday at 52.18 from 52.14 a day… Read More
Bicol fastest-growing region in PH in 2018: PSA
April 26, 2019, 7:12 pm
LEGAZPI CITY -- Fueled by investments in the services and industry sector, Bicol’s economy grew by 8.9 percent in 2018, making it the fastest growing region in the country. Cynthia Perdiz, Philippine Statistics Authority (PSA) 5 (Bicol) director, said on Thursday that Bicol surpassed all other… Read More
Gov't agencies urged not to use unlicensed software
April 26, 2019, 6:35 pm
MANILA -- The Intellectual Property Office of the Philippines (IPOPHL) on Friday urged government agencies to use licensed software to prevent copyright infringement in the country. "I see the need for the Intellectual Property Office to meet with relevant government agencies and departments to be… Read More
DA council honors outstanding loan borrowers, conduits
April 26, 2019, 6:11 pm
MANILA -- The Department of Agriculture (DA), through the Agricultural Credit Policy Council (ACPC), on Friday launched the “Gawad sa Paglingap sa Magsasaka at Mangingisda (Gawad Lingap)” awards to partner lending conduits and small farmer and fisherfolk borrowers of the Production Loan Easy… Read More
Policy stance remains appropriate, risks to inflation even: Diokno
April 26, 2019, 6:04 pm
MANILA -- Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno on Friday maintained that the central bank's policy stance remains appropriate and risks to inflation remain even this 2019. In his speech during the First Quarter 2019 inflation report briefing at the BSP, Diokno said domestic… Read More
Agri losses from El Niño reach P7.96-B
April 26, 2019, 5:35 pm
MANILA -- The Department of Agriculture (DA) on Friday estimated at PHP7.96 billion the damages and losses caused by the El Niño phenomenon or the prolonged dry spell. During the launch of Pilipinas Agila Tires in Ortigas, Pasig City, Agriculture Secretary Emmanuel “Manny” Piñol said the El… Read More
Central Luzon economy grows 7.1% in 2018
April 26, 2019, 8:47 am
CITY OF SAN FERNANDO, Pampanga -- Central Luzon’s economy grew 7.1 percent in 2018, lower than the high 9.3 percent in 2017, the National Economic and Development Authority’s (NEDA) office in the region reported on Thursday. NEDA Regional Director Leon Dacanay Jr. said that despite the slower… Read More
NPC to probe hacking of Cebu Pacific app server
April 25, 2019, 9:02 pm
MANILA -- The National Privacy Commission (NPC) is set to investigate the hacking of Cebu Pacific’s GetGo rewards application server which occurred on Thursday. Cebu Pacific has sent its preliminary notification of an unauthorized breach of its website’s database in compliance with the NPC… Read More
Luzon power reserves thin from plant outages, de-rated capacities
April 25, 2019, 8:59 pm
MANILA -- Four power plants have gone on unplanned outages since Monday, while two are on de-rated capacities, (reduced production) resulting in the thinning of power reserves in the Luzon grid. Data released by the Department of Energy (DOE) showed that Units 1 and 2 of the GN Power Mariveles… Read More
Local markets end Thursday on positive note
April 25, 2019, 8:56 pm
MANILA -- Philippines main equities gauge improved for the second consecutive day Thursday and the peso recovered as foreign buying in the local stock market picked up. The Philippine Stock Exchange index (PSEi) rose 0.61 percent, or 47.46 points, to 7,894.45 points. “Local stocks held onto… Read More
