Business
Local markets slip ahead of BSP, Fed meetings
March 19, 2019, 8:55 pm
MANILA -- A wait-and-see stance took over local markets on Tuesday as investors hold their breaths while waiting for the outcome of rate-setting meetings of the Bangko Sentral ng Pilipinas and the US Federal Reserve this week, resulting in a decline in both the peso and the Philippine Stock… Read More
Stricter anti-trafficking measures soon at NAIA, other airports
March 19, 2019, 7:32 pm
MANILA -- A more stringent and expanded mechanism to prevent human trafficking will be implemented very soon at the Ninoy Aquino International Airport (NAIA) and other airports, Immigration Port Operations Division chief, Grifton Medina, told the Philippine News Agency (PNA) on Tuesday. Medina… Read More
PAL announces terminal transfer of Int'l flights
March 19, 2019, 7:29 pm
MANILA -- Flag carrier Philippine Airlines (PAL) announced Tuesday it will transfer some of its international flights from Ninoy Aquino International Airport (NAIA) Terminal 2 to Terminal 1. "We want to distribute flights among the (NAIA) terminals where we operate to help minimize passenger… Read More
PH to push agenda on inclusive access to electricity
March 19, 2019, 7:29 pm
MANILA -- Electric power supply remains an issue in the Philippines but officials from the public and private sectors said this may all change for the better when the country hosts two global power-related events within the next two years. These events are the Association of Electricity Supply… Read More
BPI Family Bank eyes 15% housing loan growth in 2019
March 19, 2019, 6:53 pm
MANILA -- The continued robustness of the Philippine economy has made BPI Family Bank (BFSB) officials bullish, targeting a 15-percent growth in the bank’s housing loans in 2019. Citing a BPI study, BFSB President Ginbee Go said the top three goals of Filipino consumers is to have their own… Read More
Arroyo optimistic about bill on new fiscal regime for mining
March 19, 2019, 6:51 pm
MANILA -- Speaker Gloria Macapagal Arroyo on Tuesday expressed optimism that House Bill No. 8400, which she co-authored, will be passed before the 17th Congress ends. Arroyo, in her speech during the Nickel Initiative 2019 held at the Shangrila Hotel BGC in Taguig City, said among the key… Read More
Rubber farmers to launch bike tire brand in April
March 19, 2019, 1:42 pm
MANILA -- A group of rubber farmers have stepped up their livelihood through the production of a local motorcycle tire brand. In a statement Tuesday, Agriculture Secretary Manny Piñol said the group will help produce Pilipinas Agila Tires -- the first farmer-owned motorcycle tire brand using… Read More
T-bill rates up Monday
March 19, 2019, 12:51 pm
MANILA -- The rates of Philippine Treasury bills (T-bills) rose on Monday but the auction committee only made partial awards as investors asked for higher rates. The average rate of the bellwether 91-day paper went up to 5.786 percent from 5.716 percent last March 11. The rate of the 182-day paper… Read More
PH gov't posts budget surplus in January
March 18, 2019, 10:01 pm
MANILA -- National Treasurer Rosalia De Leon attributed the government's budget surplus in January 2019 to a slowdown in spending due to the fact that it is operating on a reenacted budget. Data released by the Bureau of the Treasury (BTr) Monday showed a budget surplus of PHP44.5 billion, 337… Read More
NLEX cuts toll fee hike by P1
March 18, 2019, 9:45 pm
MANILA -- The NLEX Corporation has reduced its toll rate hikes by PHP 1 to mitigate the impact of recent adjustments approved by the Toll Regulatory Board (TRB) which shall take effect on March 20. The TRB has originally approved a PHP 10 adjustment which include the new add-on toll rate of PHP 6… Read More
Local stocks rise; peso flat
March 18, 2019, 8:21 pm
MANILA -- The Chinese government's announcement of fiscal stimuli reverberated across regional markets, boosting sentiments locally and resulted in the rise of the Philippines’ main equities gauge Monday but the peso still ended flat. The Philippine Stock Exchange index (PSEi) rose 0.96 percent,… Read More
DICT eyes partnering with telcos for common tower rollout
March 18, 2019, 8:04 pm
MANILA -- The Department of Information and Communications Technology (DICT) is eyeing to partner with local telcos in order to expedite the rollout of common towers which are vital to improve communication services in the country. In a statement on Monday, the DICT said it aims to sign a… Read More
SEC makes cease and desist order vs. KAPA permanent
March 18, 2019, 6:55 pm
MANILA -- The Securities and Exchange Commission (SEC) has declared permanent an order barring Kapa-Community Ministry International, Inc. (KAPA) from soliciting investments from the public without the necessary license, the SEC disclosed in a statement on Monday. In a resolution dated March 14,… Read More
Double-digit growth in real estate seen in 2019
March 18, 2019, 6:22 pm
MANILA -- The Philippine property market is expected to achieve double-digit growth this year, with real estate values seen scaling all-time highs across all sectors, Leechiu Property Consultants (LPC) said Monday. “We're optimistic about the growth in the real estate sector. More or less, it… Read More
Gasoline prices up by P1.45/liter Tuesday
March 18, 2019, 4:48 pm
MANILA -- Local pump prices are going up again this week, but this time around, private motorists will be the bigger losers as the price of unleaded gasoline is set to rise substantially. In an advisory, an oil firm announced that it will be hiking the prices of its gasoline products by PHP1.45… Read More
IPOPHL pushes for registration of online sellers
March 18, 2019, 12:24 pm
MANILA -- The Intellectual Property Office of the Philippines (IPOPHL) is pushing for the registration of businesses that are selling their products online to protect intellectual property (IP) rights in the country. “All of us know, in Facebook, i-open mo, may nagtitinda eh. Remember, walang… Read More
PH, Chinese officials to tackle 'BBB' projects in Beijing
March 18, 2019, 12:23 pm
MANILA -- A series of meetings between Philippine and Chinese officials will take place this week in Beijing for coordination regarding the Duterte administration’s infrastructure flagship projects under the “Build, Build, Build” program, the Department of Finance (DOF) disclosed in a… Read More
Japanese firms to invest $1.24-B in new projects, expansion
March 17, 2019, 7:23 pm
MANILA -- Department of Trade and Industry (DTI) Secretary Ramon Lopez revealed that a total of USD1.24 billion worth of investments and expansions of existing projects by Japanese companies are poised to flow into the Philippine economy in the near future. These investments in the areas of… Read More
PH external debt ratios still at prudent levels
March 17, 2019, 3:53 pm
MANILA -- Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno, announced in a statement over the weekend that the Philippines’ outstanding external debt stood at USD79.0 billion as of end-2018, up by USD2.5 billion (or 3.3 percent) from the end-September 2018 level of USD76.4 billion. The… Read More
Dominguez hopes Congress can break budget impasse soon
March 17, 2019, 12:10 pm
MANILA -- Finance Secretary Carlos Dominguez III said in a statement on Sunday that the government is losing the opportunity to provide funds amounting to around PHP500 a million a day for better education and healthcare as well as infrastructure and job creation with every week that the… Read More
