Business
PH to pitch climate resilience solutions platform in US tech event
September 12, 2024, 8:20 pm
MANILA – Following the tripartite collaboration of the Department of Science and Technology (DOST), DEVCON Philippines (DEVCON), and the De La Salle University (DLSU) to develop a climate technology innovation, the partnership will present their flagship project to possible investors in the… Read More
US inflation data boosts PH bourse, weakens peso
September 12, 2024, 7:45 pm
MANILA – The three-year-low inflation headline in the United States gave mixed impact on the Philippine Stock Exchange index (PSEi) and the peso. On Thursday’s trading, the PSEi rose 1.15 percent to close at 7,024.67, with All Shares gaining 0.68 percent to 3,791.65 points. Rizal Commercial… Read More
NEDA: Gov't to enhance infra, promote human, social dev't
September 12, 2024, 4:36 pm
MANILA – The government is committed to enhancing critical infrastructure, promoting human and social development, and strengthening community resilience against environmental hazards to achieve the nation’s long-term vision of a strongly rooted, comfortable, and secure life for all Filipinos.… Read More
PAGCOR: No plans to revive e-sabong
September 12, 2024, 2:42 pm
MANILA – Philippine Amusement and Gaming Corporation (PAGCOR) Chairman and CEO Alejandro Tengco said the government has no plans to revive online sabong (cockfighting) operations. "I want to make this clear, and ulitin ko po ito. Wala pong marching orders ang Pangulo, Pangulong Bongbong Marcos,… Read More
Recto: PH's participation in MAAC to help stop tax evasion
September 12, 2024, 10:55 am
MANILA – The passage of Senate Resolution No. 139, concurring with the ratification of the Philippines’ participation in the Convention on Mutual Administrative Assistance in Tax Matters (MAAC), will help stop tax evasion and avoidance in the country, Finance Secretary Ralph Recto said on… Read More
APECO assists IPs to get land title filed since 2007
September 11, 2024, 10:05 pm
MANILA – The Aurora Pacific Economic Zone and Freeport Authority (APECO) is assisting the indigenous peoples (IPs) of Dinalungan, Casiguran, and Dilasag (DiCaDi) in Aurora province to hold a legal document of their ownership and rights over traditional lands and ancestral domains. In a statement… Read More
Filipinos can now ride self-driving bus in Clark for free
September 11, 2024, 6:59 pm
MANILA – The country’s first autonomous bus powered by Japanese technology is now plying around New Clark City, Clark Freeport Zone, and Clark International Airport, and commuters can ride the self-driving vehicle free of charge for now. In a statement Tuesday, the Bases Conversion and… Read More
Meralco rate up 15 centavos in September
September 11, 2024, 6:58 pm
MANILA – The Manila Electric Company (Meralco) on Wednesday announced that power rate in its franchise areas will increase this month. Meralco hiked overall rate by PHP0.1543 per kilowatt hour (kWh) in September, increasing this month’s per kWh rate to PHP11.7882 from PHP11.6339 in August.… Read More
PSEi snaps 4-day rally; peso strengthens
September 11, 2024, 6:13 pm
MANILA – The local stock market ended the day in the positive territory, snapping its four-day rally while the peso closed stronger than the US dollar on Wednesday. The Philippine Stock Exchange index (PSEi) fell 0.57 percent to close at 6,944.88, while the broader All Shares also declined by… Read More
Privatization of PAGCOR casinos to start in 2026
September 11, 2024, 2:24 pm
MANILA – Philippine Amusement and Gaming Corp. (PAGCOR) chairman and chief executive officer Alejandro Tengco said the privatization of PAGCOR casinos will begin next year instead of mid-2025. "As to the privatization of PAGCOR casinos, we intend to start the process by early 2026," Tengco said… Read More
BIR, multi-sectoral groups renew partnership to improve tax service
September 11, 2024, 10:18 am
MANILA – The Bureau of Internal Revenue (BIR) and local business groups renewed its partnership with multi-sectoral groups to enhance taxpayer service. In a statement Wednesday, the BIR said the partnership was renewed through the signing of a memorandum of agreement (MOA) at the BIR office in… Read More
PSEi ends flat on profit-taking; peso strong
September 10, 2024, 8:45 pm
MANILA – The Philippine Stock Exchange index (PSEi) closed flat on Tuesday’s trading on profit taking, while the peso ended stronger than the US dollar. The PSEi rallied intra-day breaching the 7,000-mark before gains were wiped due to profit-taking, with the local bourse finishing at 6,984.63… Read More
PH 1st offshore wind power to operate within PBBM admin
September 10, 2024, 8:10 pm
MANILA – Copenhagen Infrastructure Partners (CIP), the developer of the Philippines’ first 100 percent foreign-owned renewable energy project, targets to operate the country’s first offshore wind (OSW) power within the term of President Ferdinand R. Marcos Jr. The CIP on Tuesday inaugurated… Read More
PEZA secures at least P4.6-B pledges from China mission
September 10, 2024, 8:08 pm
MANILA – The Philippine Economic Zone Authority (PEZA) has secured at least PHP4.6 billion of investment pledges from Chinese firms during its investment mission in Xiamen from Sep. 4 to 10. In a social media post, PEZA Director General Tereso Panga said these commitments are expansion projects… Read More
DTI, Converge tie up to empower MSMEs in remote areas
September 10, 2024, 6:01 pm
MANILA – The Department of Trade and Industry (DTI) and Converge ICT Solutions, Inc. signed a memorandum of understanding (MOU) in Makati City Tuesday to empower small businesses in remote areas through digitalization. During the MOU signing, DTI Acting Secretary Ma. Cristina Roque submitted a… Read More
PAGCOR to further reduce rates for games operators
September 10, 2024, 5:59 pm
MANILA – The Philippine Amusement and Gaming Corporation (PAGCOR) will further reduce the gross gaming revenue (GGR) remittance rate for online and on-site betting platforms by 2025 to further attract investments. License fees will also go down to 30 percent for brick-and-mortar licenses and to… Read More
BTr fully awards reissued T-bonds
September 10, 2024, 5:54 pm
MANILA – The Bureau of the Treasury (BTr) fully awarded the reissued seven-year Treasury bonds (T-bonds) during Tuesday's auction. With a remaining term of four years and eight months, the reissued T-bonds fetched an average rate of 6.058 percent. The average rate was lower than the 6.107… Read More
Roque to embark on her 1st official int’l trip as DTI chief
September 10, 2024, 3:56 pm
MANILA – Department of Trade and Industry (DTI) Acting Secretary Ma. Cristina Roque will embark on her first official trip abroad, a month after the turnover of the agency’s flag to her, to promote Filipino micro, small and medium enterprises (MSMEs) Roque told reporters Tuesday that she will… Read More
PH total external trade in goods up 4.5% in July
September 10, 2024, 12:55 pm
MANILA – The country's total external trade in goods went up by 4.5 percent in July this year, the Philippine Statistics Authority (PSA) said. Data released on Tuesday showed that the total external trade in goods reached USD17.37 billion, up from last year's USD16.62 billion. Of the total… Read More
All set for NAIA turnover on Sep.14
September 9, 2024, 10:10 pm
MANILA – As the scheduled turnover of the Ninoy Aquino International Airport (NAIA) approaches, stakeholders have reaffirmed their commitments to enhance the overall operations of the country’s main gateway. At the first Aviation Forum organized by the Economic Journalists Association of the… Read More
