Business
Meralco on full alert during ‘Undas’
October 31, 2023, 3:04 pm
MANILA – The Manila Electric Company (Meralco) on Tuesday assured that its personnel and systems will be on full alert during the "Undas" break on Nov. 1 and 2. Meralco vice president and head of corporate communications Joe Zaldarriaga said the distribution utility firm is ready to respond to… Read More
NEDA welcomes DAP's transfer
October 31, 2023, 2:54 pm
MANILA – The transfer of the Development Academy of the Philippines (DAP) from the Office of the President (OP) to the National Economic and Development Authority (NEDA) will strengthen the links between human resource development for the public sector and the implementation of the Philippine… Read More
Producer price index for manufacturing declines in September
October 31, 2023, 2:20 pm
MANILA – The producer price index (PPI) for manufacturing posted an annual decline of 0.2 percent in September this year, the Philippine Statistics Authority (PSA) said. In a report released on Tuesday, the PSA said this is down from the 0.6 percent expansion in August this year and 7.7 percent… Read More
More US carriers likely to fly to the PH - envoy
October 30, 2023, 6:42 pm
MANILA – More carriers from the United States are keen to fly to the Philippines, Ambassador MaryKay Carlson said on Monday. Carlson made the announcement after welcoming United Airlines' first non-stop flight from San Francisco, California to Manila. The inaugural flight carrying 325… Read More
Big-time rollback for diesel, kerosene; gasoline prices up
October 30, 2023, 5:26 pm
MANILA – Oil companies will implement mixed price adjustments starting 12:01 a.m. Tuesday. In separate advisories, Caltex, Cleanfuel, Jetti, PTT, Seaoil, Shell and Unioil said they will increase gasoline prices by PHP0.45 per liter while slashing diesel prices by PHP1.25 per liter. Caltex,… Read More
BSKE boosts sales of Pangasinan businesses
October 30, 2023, 5:20 pm
MALASIQUI, Pangasinan – Various businesses in Pangasinan have recorded higher income during the campaign period for the Barangay and Sangguniang Kabataan Elections (BSKE). Eugene Caranto, a campaign jingle-maker, said the campaign period gave him additional income. “Seasonal naman ito at ‘di… Read More
Nat'l gov't gives P137-B subsidies to GOCCs from Jan. to Sept.
October 30, 2023, 2:05 pm
MANILA – The national government's subsidies for government-owned and controlled corporations (GOCCs) amounted to PHP137.1 billion in the first nine months of the year. Data from the Bureau of the Treasury (BTr) showed that the Philippine Health Insurance Corp. (PhilHealth) was the biggest… Read More
Clark Dev’t Corporation surpassing 2022 performance
October 29, 2023, 5:22 pm
MANILA – The Clark Development Corporation (CDC) continues to post strong growth this year in recovering from the pandemic as the government-owned and controlled corporation (GOCC) is surpassing its performance in the previous year. CDC president and chief executive officer Agnes VST Devanadera… Read More
DA exploring seaweed's potential as cost-efficient animal fodder
October 29, 2023, 3:48 pm
MANILA – The Department of Agriculture (DA) is seeking to bring down the cost of meat production by introducing processed seaweed as an inexpensive and abundant alternative fodder for livestock and other farm animals. DA Undersecretary Deogracias Victor Savellano on Sunday said that seaweed is… Read More
Biz group joins call for truce in Gaza
October 29, 2023, 1:54 pm
MANILA – The International Chamber of Commerce-Philippines chapter echoed Sunday its Paris head office’s call for a cessation of hostilities in the Gaza strip amid the humanitarian crisis brought about by three weeks of intense fighting. In an interview on Sunday, Jesus Varela, director… Read More
Debt payments up in August
October 29, 2023, 1:33 pm
MANILA – The National Government's (NG) debt payments went up significantly in August this year, data from the Bureau of the Treasury (BTr) showed. In a report, the BTr said the debt service bill during the month amounted to PHP189.0 billion, up by 177 percent from last year's PHP68.2… Read More
PH exports increasing but external headwinds slow down growth
October 29, 2023, 1:01 pm Updated on October 29, 2023, 4:15 pm
MANILA – The country’s export revenues are slowly recovering this year due to external factors beyond the control of the local stakeholders, Philippine Exporters Confederation (Philexport) president Sergio Ortiz-Luis Jr. said. In a chance interview at the Philippine Business Conference at the… Read More
Local shares slide below 6,000-mark, peso flat Friday
October 27, 2023, 6:25 pm
MANILA – The sustained shedding of the local shares for two days has brought down the Philippine Stock Exchange index (PSEi) to below the 6,000-mark while peso ended flat at the end of the week. PSEi finished the day 0.94 percent lower to 5,961.99 level, with broader All Shares also declined by… Read More
BOI works double time to hit P1.5-T investment approvals target
October 27, 2023, 5:30 pm
MANILA – In just a month, the Board of Investments (BOI) approved more than PHP250 billion worth of projects as pledges in the investment promotion agency (IPA) breached the PHP1 trillion mark this month, Trade Secretary and BOI Chairman Alfredo Pascual said. “We have exceeded already PHP1… Read More
Free trade deals help reduce costs for PH franchise industry
October 27, 2023, 5:06 pm
MANILA – Free trade agreements (FTAs) have helped the franchise industry grow across the country and overseas, Philippine Franchise Association (PFA) president Christopher Lim said in an interview on Friday. On the sidelines of the Franchise Asia Philippines 2023 (FAPHL) held in Pasay City, Lim… Read More
Samar launches ‘Mercado’ brand of handicrafts
October 27, 2023, 3:37 pm
TACLOBAN CITY – The Samar provincial government launched on Friday a new brand of its high-end handcrafted products, making it more affordable to local buyers. Mercado by Lara is a brand that gives new life to the local economy by offering a range of high-quality, locally produced home products… Read More
Card spending increases by 39% in first half of 2023
October 27, 2023, 2:51 pm
MANILA – The Credit Card Association of the Philippines (CCAP) said on Friday card spending increased by 39 percent to PHP853 billion in the first half of the year. In her speech during CCAP's 42nd Anniversary Forum held virtually, CCAP chairperson Magdalena Surtida said as of end-June, the… Read More
PCCI submits business conference resolution to PBBM
October 27, 2023, 8:00 am
MANILA – The Philippine Chamber of Commerce and Industry (PCCI), the country’s largest business organization, submitted to President Ferdinand R. Marcos Jr. on Thursday the resolution it passed during the 49th Philippine Business Conference (PBC). In the 49-page resolution, the PCCI included… Read More
Stocks, peso down after BSP makes off-cycle rate hike
October 26, 2023, 9:27 pm
MANILA – Both the local equities and the peso weakened on Thursday after the Bangko Sentral ng Pilipinas (BSP) announced an off-cycle policy rate hike. The Philippine Stock Exchange index (PSEi) declined 0.60 percent to 6,018.49 after it recovered the previous day from a five-day losing streak.… Read More
Multi-specialty hospital in Clark secures P1-B funding
October 26, 2023, 6:15 pm
MANILA – Clark Development Corporation (CDC) president and chief executive officer Agnes Devanadera said Thursday the multi-specialty medical center in Clark Freeport Zone has secured PHP1-billion funding from Bloomberry Cultural Foundation, Inc. “We have the Clark Multi-Specialty Medical… Read More
