Business
NEDA Board OKs P269-B high-impact projects, programs
October 14, 2023, 8:57 am
MANILA – The National Economic and Development Authority (NEDA) Board, headed by President Ferdinand R. Marcos Jr., approved on Friday several high-impact programs and projects amounting to approximately PHP269.7 billion. In a televised briefing from Malacañan Palace in Manila, Balisacan said… Read More
NEDA: Israel-Hamas war will have no major impact on PH economy
October 14, 2023, 8:53 am
MANILA – National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan said Friday the Israel-Hamas war will likely have no major impact on the Philippine economy as long as it will not spill over to major oil-producing countries. In a televised briefing at Malacañan Palace in… Read More
Norwegian paint firm Jotun expanding in PH
October 13, 2023, 7:06 pm
MANILA – Norwegian premium paint brand Jotun is expanding its presence in the Philippines by opening three retail stores here. In a media reception hosted by the Norwegian Ambassador to the Philippines Christian Lyster in Makati City Friday, Jotun (Philippines) Inc. General manager Rohan Shetty… Read More
Early bargain hunting keeps shares in the green, peso weak
October 13, 2023, 6:53 pm
MANILA – Despite the last minute shedding, the local bourse stayed in the green territory on Friday's trading, while the peso finished weaker. The Philippine Stock Exchange index (PSEi) ended the week slightly gaining by 3.28 points to 6,266.34, with an uptick in broader all shares by 1.16… Read More
Batangas micro, small biz owners urged to form coops to get more aid
October 12, 2023, 11:47 pm
BATANGAS CITY – Officials of the Provincial Cooperative, Livelihood and Enterprise Development Office (PCLEDO) have urged small business owners in Batangas to group themselves and form cooperatives to have better access to government support. PCLEDO head Celia Atienza on Thursday said… Read More
PSEi up, peso improves vs. US dollar
October 12, 2023, 8:26 pm
PSEi up, peso improves vs. US dollar MANILA – The local bourse’s main index gained on Thursday ahead of the release of the United States’ September 2023 inflation rate and the peso gained a tad against the greenback. The Philippine Stock Exchange index (PSEi) rose by 0.15 percent to 6,263.06… Read More
DTI: Overseas investment promotions building up FDI pipeline for PH
October 12, 2023, 8:05 pm
MANILA – Department of Trade and Industry (DTI) Secretary Alfredo Pascual said he is optimistic the country’s foreign direct investment (FDI) will grow within the Marcos administration given the government’s robust investment promotion overseas. Speaking at the meeting of Rotary Club Manila… Read More
War in Israel seen to have little impact on PH economy
October 12, 2023, 7:28 pm
MANILA – The war in Israel will likely have little impact on the Philippine economy, Go Negosyo founder and private sector lead for jobs Joey Concepcion said on Thursday. "Well, I think, we don't import much from Israel. It may have some influence on oil prices but we saw that earlier this year,… Read More
Metro Manila seen to hit 1M-sqm demand for office space
October 12, 2023, 7:17 pm
MANILA – Real estate advisory firm Leechiu Property Consultants (LPC) said the Metro Manila office market is expected to hit the 1 million square meters (sqm) mark by the end of 2023. In a press briefing in Makati City Thursday, LPC director for commercial leasing Mikko Barranda said demand for… Read More
Aussie firm's 1st commercial waste-to-fuel plant to be built in PH
October 12, 2023, 7:16 pm
MANILA – Cyclion Holdings Pty Ltd has chosen the Philippines to be the first location in the world for the commercial operation of its waste-to-fuel project. In its concept paper for its Philippine project, Cyclion said it eyes to process 900 tons per day (TPD) of municipal solid waste (MSW) to… Read More
PCCI optimistic on PH growth prospects
October 12, 2023, 5:51 pm
MANILA – The Philippine Chamber of Commerce and Industry (PCCI) on Thursday lauded the government's initiatives to further improve the country's business environment. In a press briefing for the 49th Philippine Business Conference and Expo (PBC&E), PCCI President George Barcelon said while… Read More
DavSur town seen as PH’s next top chicken producer
October 12, 2023, 5:30 pm
HAGONOY, Davao del Sur – Hagonoy Mayor Jesus Dureza Jr. is optimistic that his town will emerge as a top chicken producer in the country by next year. This came after President Ferdinand Marcos Jr. led here Thursday the inauguration of the World-Class Controlled-Climate Magnolia Poultry Farm,… Read More
DTI gets 2 LOIs, biz deal from Aussie firms
October 11, 2023, 8:15 pm
MANILA – Department of Trade and Industry (DTI) Secretary Alfredo Pascual has received two letters of intent (LOIs) and witnessed a signing of a business deal during his trip to Australia for a joint ministerial meeting. The LOIs were the development of a thorium-fired nuclear reactor by… Read More
Multilateral dev’t banks urged to provide more concessional financing
October 11, 2023, 7:58 pm
MANILA – Finance Secretary Benjamin Diokno has called for reforms and increased concessionality in the financing models of multilateral development banks (MDBs) to address ongoing global challenges. In a statement, the Finance department said Diokno made the call during the Intergovernmental… Read More
Meralco rates up in October
October 11, 2023, 7:01 pm
MANILA – Electricity rates in franchise areas of Manila Electric Co. (Meralco) will be higher in October, the distribution utility (DU) announced Wednesday. Meralco said power rates in its franchise areas will increase by PHP0.4201 per kilowatt hour (kWh) to PHP11.8198 per kWh from PHP11.3997… Read More
National ID data, civil registry not affected by data breach - PSA
October 11, 2023, 6:58 pm
MANILA – The Philippine Statistics Authority (PSA) said Wednesday the national ID and the Civil Registration System (CRS) were not affected by an alleged data breach. "The PSA assures the public that the Philippine Identification System (PhilSys) and the Civil Registration System (CRS) have not… Read More
Gov't lists 2nd retail dollar bond
October 11, 2023, 6:56 pm
MANILA – The Bureau of the Treasury (BTr) on Wednesday formally listed on the Philippine Dealing and Exchange Board, the second Retail Onshore Dollar Bonds (RDB 2). The BTr said the USD1.26 billion, 5.5-year-issued RDB 2 has a coupon rate of 5.75 percent per annum wherein final withholding tax… Read More
BSP not ruling out 25 basis point rate hike
October 11, 2023, 5:57 pm
MANILA – Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said on Wednesday that the Monetary Board is not ruling out a 25-basis point rate hike in its meeting next month. "We are considering hikes, yes. But we're going with where the data leads us," Remolona said in a press briefing.… Read More
SoKor firms urged to partner with PH for Build Better More program
October 11, 2023, 5:55 pm
MANILA – Korean firms are urged to partner with the Philippine government for the infrastructure projects under Build Better More Program. In a statement Wednesday, the Korean Embassy here said Korean construction and engineering companies can be reliable partners for the Philippine government… Read More
Nearly P100M coins stored via deposit machine
October 11, 2023, 2:46 pm
MANILA – The Bangko Sentral ng Pilipinas (BSP) said that as of September this year, a total of PHP98.8 million worth of coins have been deposited through its coin deposit machines (CoDMs). In a statement late Tuesday, the BSP said the amount is equivalent to 37.2 million pieces of coins from… Read More
