Business
PCC files case vs. condo developer for ‘exclusive’ Internet deal
April 8, 2019, 4:14 pm
MANILA -- The Philippine Competition Commission (PCC) has filed a case against a mass housing developer for violating antitrust laws when it designated an exclusive Internet service provider for those living in its residential project in Tondo, Manila. In a statement on Monday, the PCC said its… Read More
Higher consumer spending in W. Visayas seen as inflation eases
April 8, 2019, 3:57 pm
BACOLOD CITY -- A leader of the business sector here is optimistic of higher consumer spending as the inflation rate in Western Visayas slowed down for two consecutive months. Frank Carbon, chief executive officer of Metro Bacolod Chamber of Commerce and Industry (MBCCI), said over the weekend… Read More
Gov't targets recyclers of cigarette tax stamps
April 8, 2019, 1:42 pm
MANILA -- Finance Secretary Carlos Dominguez III has directed the Bureau of Internal Revenue (BIR) to work closely with the Department of Trade and Industry (DTI) in curbing a new scheme perpetrated by illicit tobacco traders involving their suspected use of recycled tax stamps on fake cigarettes,… Read More
BSP conducts successful operation vs. currency mutilation
April 7, 2019, 5:06 pm
MANILA -- Operatives of the Currency Management Sector of the Bangko Sentral ng Pilipinas (CMS-BSP) recently conducted a successful operation against currency mutilation in Real, Quezon which led to the arrest of two suspects, the BSP revealed in a statement over the weekend. On 14 March 2019,… Read More
There is need to build public ethic that respects nature: Dominguez
April 7, 2019, 2:00 pm
MANILA -- Finance Secretary Carlos Dominguez III in a statement on Sunday underscored the need for fresh efforts to instill in the public consciousness the importance of a mutually beneficial relationship between man and nature, which is the underlying goal behind the ongoing efforts to save the… Read More
Laban Konsyumer lauds easing of March inflation
April 7, 2019, 1:58 pm
MANILA -- Laban Konsumer, an organization advancing local consumers' rights, expressed satisfaction over the continued decline of inflation in the country, which fell to a 15-month low of 3.3 percent last March. In a statement over the weekend, Laban Konsyumer chairman Victorio Dimagiba said his… Read More
IRR of rice law signed
April 5, 2019, 11:21 pm
MANILA -- Policymakers have finally signed the Implementing Rules and Regulations (IRR) of Republic Act 11203, threshing out details in the effective rollout of the new law liberalizing the importation, exportation, and trading of rice. The law also lifts the quantitative import restriction on… Read More
Boost personal savings for retirement, Pinoys told
April 5, 2019, 9:06 pm
MANILA -- Filipinos are encouraged to start saving and investing now to prepare for their retirement plans. Melissa Henson, senior vice president and chief marketing officer at Manulife Philippines, said they should set up a retirement financial plan “sooner”. “How much money I am making?… Read More
Stocks, peso end trading week higher
April 5, 2019, 6:47 pm
MANILA -- Report on the continued deceleration of the country’s inflation rate enabled local stocks and the peso to end the week with gains on Friday. The barometer Philippine Stock Exchange index (PSEi) increased 0.24 percent or 19.05 points to 7,873.18. “A lot of the bargain hunting was… Read More
Banks issue advisories for April holidays
April 5, 2019, 6:46 pm
MANILA -- Several banks will close most of their branches nationwide on Tuesday for the commemoration of the Araw ng Kagitingan (Day of Valor). In an advisory Friday, Security Bank Corp. said two of its branches at the Ninoy Aquino International Airport (NAIA) and NAIA 3 will operate on the… Read More
PH inflation falls to 15-month low at 3.3%
April 5, 2019, 6:05 pm
MANILA -- The country’s inflation rate fell in March to its lowest level in 15 months as food prices eased, but the government is working to mitigate possible inflation risks from El Niño in the coming months. The Philippine Statistics Authority (PSA) on Friday reported that inflation… Read More
DOST allocates P17.7M for tech upgrading of NegOcc MSMEs
April 5, 2019, 3:11 pm
BACOLOD CITY -- The Department of Science and Technology (DOST) has allocated PHP17.7 million for the implementation of technology innovation projects of micro, small, and medium enterprises (MSMEs) in Negros Occidental for 2019. The funding assistance is provided through the agency’s Small… Read More
Privacy Commission probes April hacking incidents
April 5, 2019, 8:22 am
MANILA -- The National Privacy Commission (NPC) is conducting an investigation into the incidents of hacking of various websites in the country that occurred from April 1 to 3. In a statement on Thursday, the NPC referred to the hacking of individual user accounts on Facebook, Twitter, Yahoo, and… Read More
Infra, consumer spending likely boosted Q1 GDP: FMIC, UA&P
April 5, 2019, 8:21 am
MANILA -- The Philippine economy likely expanded more than 6 percent in the first quarter of the year, driven by heightened infrastructure and renewed consumer spending, amid the absence of an approved fiscal budget, according to analysts of First Metro Investment Corp. (FMIC) and the University… Read More
Uber’s $1.5-M Center of Excellence opens in Mabalacat City
April 5, 2019, 7:54 am
MABALACAT CITY, Pampanga -- Uber’s newest Center of Excellence (CoE) was officially inaugurated in this city on Thursday to provide efficient, reliable, round-the-clock support to customers. Recognizing the Philippines as a strategic hub for global community operations and shared support, Uber… Read More
Cybersecurity firm launches cloud-based security platform
April 4, 2019, 10:15 pm
MANILA -- An international cybersecurity firm launched on Thursday its cloud-based security platform to respond and deter incidents of cyber-attacks on the information systems of business enterprises in the country. Marc Lainez, Palo Alto Networks Philippines Systems Engineer, said their security… Read More
Stocks, peso weaken ahead of March inflation report
April 4, 2019, 10:07 pm
MANILA -- Wait-and-see stance ahead of the release of Philippines' March 2019 inflation rate on Friday resulted in the decline of the main equities gauge and weakening of the peso. The Philippines Stock Exchange index (PSEi) shed 0.52 percent, or 40.93 points, to 7,854.13 points on… Read More
Vista Land to launch P60-B projects this year
April 4, 2019, 7:35 pm
MANILA -- Property developer Vista Land and Lifescapes, Inc. aims to launch at least PHP60-billion worth of projects this year, optimistic the continued economic growth bodes well for its residential business and in sustaining a double-digit growth. “It was quite a good year last year. We are… Read More
Yellow Alert status hikes power rates in April
April 4, 2019, 7:29 pm
MANILA -- Power rates in the Luzon grid are expected to rise in April, which will reflect in the May electric bill, following the series of yellow alert status on supply this week alone. The National Grid Corp. of the Philippines (NGCP) declares yellow alert once supply thins due to increased… Read More
TripAdvisor names Korean Air best airline in Korea
April 4, 2019, 1:19 pm
MANILA -- Travel and restaurant review website, TripAdvisor, on Wednesday named flag carrier Korean Air (KE) as "Best Airline in Korea" and one of the winners of "Travellers' Choice Major Airline in Asia" in its 2019 TripAdvisor Travellers' Choice Awards for Airlines. Jill Chung, deputy general… Read More
