Business
Anti-trust body backs MOA promoting agri fair trade
March 29, 2019, 4:17 pm
MANILA -- The Philippine Competition Commission (PCC) on Friday forged a memorandum of agreement (MOA) with the Department of Agriculture (DA) to harmonize their objectives of fostering fair market competition and promoting agricultural growth. "The PCC confirms the receipt of the request for… Read More
Local shares recover, peso weakens on external concerns
March 28, 2019, 8:31 pm
MANILA -- The Philippine Stock Exchange index (PSEi) managed to improve Thursday amid investors’ concern over Brexit uncertainties and other global trade issues, but the peso did not fare as well against the greenback. A day after closing on the red, the PSEi improved by 0.19 percent, or 15.35… Read More
Business, consumer sentiments improve in Q1
March 28, 2019, 8:00 pm
MANILA -- Business and consumer sentiments both improved during the first quarter of 2019 generally due to better outlook on the domestic economy. In a briefing Thursday, Bangko Sentral ng Pilipinas (BSP) Department of Economic Statistics (DES) Director Redentor Paolo M. Alegre said the Consumer… Read More
Group calls for partnership with gov't on disaster prevention
March 28, 2019, 7:16 pm
MANILA -- A group advocating disaster preparedness on Thursday called on the private sector to come up with a roadmap that will strengthen collaboration with the government in implementing disaster risk reduction and management programs in the country. The Philippine Disaster Resilience Foundation… Read More
GenTri residents to get free WiFi from Smart
March 28, 2019, 5:50 pm
GENERAL TRIAS CITY -- Residents here will soon be more connected to the rest of the world after the city government entered into a Memorandum of Understanding (MOU) with Smart Communications for the rollout of free WiFi services in certain strategic areas, during signing ceremonies held Wednesday… Read More
Aboitiz taps Irish firm for regional airports bid
March 28, 2019, 5:47 pm
MANILA -- Aboitiz InfraCapital Inc. has selected an Irish airport operations company as its partner in trying to bid for the operations and maintenance (O&M) contracts of two regional airports in the country. In a statement late Wednesday, Aboitiz Infra said it has partnered with daa International… Read More
Gov’t bullish on P1-T investment approvals in 2019
March 28, 2019, 4:55 pm
MANILA -- The government remains confident about achieving the PHP1-trillion target in approved investments this year even after total levels declined by 23 percent in January to February this year. “We have key projects in the pipeline, particular in area of power, that are still undergoing… Read More
Local markets down again Wednesday
March 27, 2019, 8:46 pm
MANILA -- The United States-China trade discussions resumed Wednesday and was a major contributing factor to risk-off sentiments, which resulted in the slide of both the Philippine peso and the main stocks gauge. The local currency ended the day’s trade at 52.61 from the previous session’s… Read More
DICT partners with UN dev’t body for free WiFi
March 27, 2019, 8:29 pm
MANILA -- The Department of Information and Communications Technology (DICT) has partnered with the United Nations Development Program (UNDP) for the rollout of free Wi-Fi internet services in the country. In a statement on Wednesday, the DICT said it signed an agreement with the UNDP to expedite… Read More
DTI promotes Filipino brands overseas
March 27, 2019, 8:27 pm
MANILA -- The Department of Trade and Industry (DTI) is actively promoting Filipino brands abroad as more home-grown franchises are expected to penetrate markets overseas. DTI Secretary Ramon Lopez said local franchises are coordinating with commercial attaches assigned in other countries “which… Read More
PH, Hungary agri chiefs hold bilateral meeting
March 27, 2019, 7:35 pm
MANILA -- Department of Agriculture (DA) Secretary Emmanuel “Manny” Piñol and Hungary’s Minister of Agriculture Dr. Istvan Nagy on Wednesday met to discuss emerging opportunities in the agriculture sector and how they can lead to stronger trade and investments ties. Piñol said issues… Read More
Public welfare a priority on BBB projects' implementation
March 27, 2019, 7:33 pm
CLARK, PAMPANGA – Finance Secretary Carlos Dominguez on Wednesday said that those burdened with implementing infrastructure projects and other government programs should always think of public interest, as they ensure that such projects are completed on time. “People have to remember that when… Read More
SM mall soon to rise in Sorsogon
March 27, 2019, 7:28 pm
SORSOGON CITY -- SM Prime Holdings Inc. is optimistic it can open to the pubic its 3rd mall in the Bicol region by the 3rd quarter of 2020, after it broke ground on the project earlier this week. Engr. Bien Mateo, SM Senior Vice-President for mall Operation in an interview said a 3 storey shopping… Read More
New Clark airport terminal 52% complete
March 27, 2019, 6:56 pm
CLARK FREEPORT, Pampanga – The construction of the 1st Clark International Airport expansion project is now 52 percent complete ahead of schedule. This was announced by Bases Conversion and Development Authority (BCDA) president Vivencio Dizon during the site inspection on Wednesday of the… Read More
TDFs post mixed results
March 27, 2019, 4:37 pm
MANILA -- The rates of two of Bangko Sentral ng Pilipinas' (BSP) lower term facilities registered mixed results during Wednesday's auction. Data released by the central bank show that the average rate of the seven-day Term Deposit Facility (TDF) rose slightly to 4.9831 percent from 4.9803 percent… Read More
DOTr to publish TOR for Bulacan airport project by April
March 27, 2019, 2:17 pm
MANILA -- The Department of Transportation (DOTr) aims to publish the terms of reference for the Swiss Challenge process on the unsolicited proposal of San Miguel Corporation (SMC) for the construction of the Bulacan Airport by April. “We are now crafting the terms of reference for the Swiss… Read More
Local markets bounce back Tuesday
March 26, 2019, 8:25 pm
MANILA -- Both the Philippine Stock Exchange index (PSEi) and the peso recovered on Tuesday after starting the week with losses. PSEi recovered 0.56 percent, 44.01 points, to 7,907.03 points, which Regina Capital Managing Director Luis Limlingan traced to bargain hunting. “This happened while… Read More
BTr fully awards 7-year T-bond
March 26, 2019, 8:23 pm
MANILA -- The Bureau of the Treasury’s (BTr) auction committee on Tuesday made a full award of the seven-year Treasury bond on the back of high demand and drop in rates. It offered the debt paper for PHP20 billion but tenders reached more than three times that amount at PHP73.69 billion. Rate of… Read More
DOTr sets April 30 deadline in talks with NAIA Consortium
March 26, 2019, 8:02 pm
MANILA -- The Department of Transportation (DOTr) is eyeing to drop its negotiations with a consortium that is planning to rehabilitate the Ninoy Aquino Aquino International Airport (NAIA) if no deal is reached by April 30. DOTr Secretary Arthur Tugade said the talks with the NAIA Consortium have… Read More
Public's need for more access to financial system stressed
March 26, 2019, 7:37 pm
MANILA -- Strong tie-ups between the public and private sectors and better infrastructure would ensure the inclusion of more people into the formal banking system, increasing their access to finance, especially with the help of technology. This idea was stressed by regulators and market players… Read More
