Business
Investment forum generates over P1-B in pledges for Iloilo City
November 28 2023, 8:31 pm
ILOILO CITY – This city has received over PHP1 billion worth of committed investments from the recent business forum coordinated by the Iloilo Economic Development Foundation (ILEDF), in partnership with the Metro Iloilo-Guimaras Economic Development Council (MIGEDC). Mayor Jerry Treñas said… Read More
Stocks up on lower oil prices, peso nearly flat
November 28 2023, 7:26 pm
MANILA – The Philippine Stock Exchange index (PSEi) rallied on Tuesday backed by lower oil prices, but the peso closed almost unchanged against the United States dollar. "The local bourse gained by 40.07 points (0.64 percent) to 6,309.57 thanks to the easing of oil prices amid the temporary… Read More
BTr fully awards Treasury bills
November 28 2023, 4:55 pm
MANILA – The Bureau of the Treasury (BTr) on Tuesday fully awarded bids for Treasury bills (T-bills). The 91-, 182-, and 364-day T-bills fetched average rates of 4.753 percent, 5.181 percent, and 5.727 percent, respectively – all significantly lower than previous auction and prevailing… Read More
Construction industry to support economic growth - DTI
November 28 2023, 4:48 pm
MANILA – The Department of Trade and Industry (DTI) is optimistic that the country's construction industry will continue to grow, driven by the government's infrastructure program. DTI Assistant Secretary and Construction Industry Authority of the Philippines (CIAP) alternate chairperson Agaton… Read More
Mimaropa minimum wage earners soon to live above poverty threshold
November 28 2023, 4:40 pm
CALAPAN CITY, Oriental Mindoro – All private sector employees in this region are expected to live above the accepted poverty threshold after a PHP40 per day wage hike takes effect on Dec. 7. In an interview on Tuesday, Naomi Lyn Abellana, regional director of the Department of Labor and… Read More
Batangas eyes tourism, other sectors for dev’t to boost economy
November 27 2023, 8:42 pm
BATANGAS CITY – The provincial government of Batangas has identified several key industries which, if properly cultivated and developed, have the potential to propel the local economy to unprecedented heights. In an interview on Monday, Governor Hermilando Mandanas said his administration will… Read More
Diesel, kerosene prices up Nov. 28; gasoline unchanged
November 27 2023, 3:27 pm Updated on November 27, 2023, 6:03 pm
MANILA – After several weeks of rollbacks, pump prices of petroleum products will increase effective Tuesday. In separate advisories, Seaoil Philippines Inc., Caltex Philippines, Pilipinas Shell Petroleum Corp. and Petron Corp. said they will increase diesel prices by PHP0.30 per liter and… Read More
AMRO: PH to sustain growth momentum
November 27 2023, 2:08 pm
MANILA – Philippine economic growth is expected to remain robust amid high inflation and weaker external demand, according to the ASEAN+3 Macroeconomic Research Office (AMRO). "The Philippine economy maintained its robust growth momentum in the first three quarters of 2023, following a… Read More
PH to offer maiden Sukuk bonds
November 27 2023, 12:33 pm
MANILA – The Philippine government on Monday announced the sale of its maiden Islamic bonds or Sukuk bonds. In an announcement, the Bureau of the Treasury (BTr) said it is planning the issuance of a benchmark-sized US dollar-denominated Sukuk bonds offering, which will have a 5.5-year tenure. It… Read More
NEDA prefers solicited bids for MRT-3, LRT-2 operations, maintenance
November 26 2023, 11:00 pm
MANILA – The National Economic and Development Authority (NEDA) prefers to get solicited bids for the operations and maintenance (O&M) of the Metro Rail Transit Line 3 (MRT-3) and Light Rail Transit Line 2 (LRT-2), Secretary Arsenio Balisacan said. Balisacan said solicited proposals have better… Read More
PEZA eyes Palawan as site of first PH mega ecozone
November 26 2023, 6:59 pm
MANILA – The Philippine Economic Zone Authority (PEZA) is eyeing to build the country’s first mega economic zone that will be located in Puerto Princesa City, Palawan with a land development of around 26,000 hectares, Director General Tereso Panga said. Panga said mega ecozones are the… Read More
PH hits $1-B mark sales in China buying expo
November 26 2023, 3:48 pm
MANILA – The Philippines has surpassed its target sales in this year’s China International Import Expo (CIIE) with sales amounting to USD1.1 billion, the Center for International Trade Expositions and Missions (CITEM) reported over the weekend. The total sales in the 6th CIIE exceeded the… Read More
DMCI eyes opening of 2 new mining sites in H1 2024
November 26 2023, 1:03 pm
MANILA – DMCI Mining Corp. is optimistic that its two new mine sites will start operations by the first half of 2024 and create additional employment in host areas. DMCI Mining president Tulsi Das Reyes said the first mining site, located in its existing site in Zambales, will be operational… Read More
Bargain-hunting backs PSEi; peso closes week sideways
November 24 2023, 8:47 pm
MANILA – The local shares' rally for the third straight day was backed by bargain-hunting activities, while the peso ended the week almost flat. The Philippine Stock Exchange index (PSEi) improved by 23.30 points to 6,269.50, with All Shares also increasing by 20.21 points to 3,348.22. … Read More
PH-UAE trade, investments seen to grow fivefold thru CEPA
November 24 2023, 7:57 pm
MANILA – The United Arab Emirates (UAE) targets to achieve a fivefold increase in trade and investments with the Philippines within three to five years once the Comprehensive Economic Partnership Agreement (CEPA), the free trade agreement between Manila and Abu Dhabi, enters into force. Visiting… Read More
Stakeholders collaborate to entice investors to Batangas
November 24 2023, 7:34 pm
MALVAR, Batangas – Private and public entities engaged in developing an industrial park here have agreed that the path towards success involves jointly promoting and attracting foreign direct investments to the province. This was gleaned after representatives of the Batangas provincial… Read More
PH could lose investors to Bangladesh sans nuke plant – group
November 24 2023, 6:20 pm
MANILA – The Philippine government was urged on Friday to set a clear direction in its nuclear energy policy and expedite plans to switch on the country’s first nuclear power plant in the near term. At the Pandesal Forum in Quezon City, nuclear energy advocate Alpas Pilipinas lead convenor… Read More
DBP lends PHP1.4-B for 8.4-MW Mindanao hydropower plant
November 24 2023, 4:35 pm
MANILA – The state-owned Development Bank of the Philippines (DBP) said Friday it has extended a PHP1.4 billion loan to INVESTCO BHPI, Inc. as partial funding for the construction of an 8.4-megawatt (MW) hydroelectric power plant in Bukidnon. In a statement, the DBP said the 8.4-MW Maladugao… Read More
Economist sees further easing of inflation in Nov.
November 24 2023, 2:50 pm
MANILA – Headline inflation likely further eased in November due to higher base effects and lower global crude oil prices, an economist said on Friday. Rizal Commercial Banking Corporation (RCBC) chief economist Michael Ricafort told the Philippine News Agency that headline inflation is… Read More
E-wallet operator wants more social media sellers onboard
November 23 2023, 6:37 pm
MANILA – Vendors using social media platforms were urged on Wednesday to use digital payment solutions which will enable them tap services that will help grow their businesses. GCash operator G-Xchange, Inc. (GXI) president and chief executive officer Ren-Ren Reyes said in an interview that… Read More
