MANILA – Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno on Tuesday said the full-year inflation average is expected to surpass the government’s target band even as risks to the inflation outlook remain broadly balanced.The Philippine Statistics Authority (PSA) reported the... Read More
MANILA – The country’s inflation rate slowed down to 4.5 percent in March from the previous month’s 4.7 percent on the back of cheaper food prices, the Philippine Statistics Authority (PSA) reported on Tuesday.The average price increase of basic goods and services for the first... Read More
MANILA – Several Philippine Airlines (PAL) flights going to Region 6 (Western Visayas) have been canceled until April 10.In an advisory posted on its Facebook page Monday, PAL said the cancellation is in line with the temporary suspension of inbound travel to Western Visayas, from the National... Read More
MANILA – Growth of money being sent home by overseas Filipino workers (OFWs) and improvement of external demand are expected to boost the domestic economy’s recovery this year.However, Fitch Solutions Country Risks and Industry Research reduced its growth projection for the country this... Read More
MANILA – The Philippines and France will hold the 9th Joint Economic Commission (JEC) meeting in the second quarter of this year, the Department of Trade and Industry (DTI) said in a statement Monday.DTI Secretary Ramon Lopez and newly-appointed French Ambassador to the Philippines... Read More
MANILA – Anti-Red Tape Authority (ARTA) director general Jeremiah Belgica expects higher scores for the country in the upcoming 2021 Ease of Doing Business (EODB) report of the World Bank.In a statement Monday, Belgica said efforts to streamline through digitizing processes and fast-tracking... Read More
MANILA – The local stock barometer closed on a positive note Monday, benefiting the local currency.The Philippine Stock Exchange index (PSEi) inched up by 0.81 percent, or 52.06 points, to 6,495.15 points.All Shares increased by 0.59 percent, or 23.17 points, to 3,947.46 points.Most of the... Read More
MANILA – Shakey’s Pizza Asia Ventures Inc., the Philippines’ leading chained full-service restaurant, saw bottomline revert to positive territory posting net income of PHP215 million for the last three months of the year following the losses posted for most of 2020.The improvement... Read More
MANILA – Oil prices are going up again starting Tuesday.In separate advisories Monday, Caltex, Cleanfuel, Petro Gazz, PTT Philippines, Seaoil, Shell, Total, and Unioil will increase gasoline prices by PHP0.65 per liter.Except for Cleanfuel, diesel prices of these companies will also rise by... Read More
MANILA – The rates of treasury bills (T-bills) mostly rose Monday but demand remained high.National Treasurer Rosalia de Leon attributed the strong buying interest to risk aversion.The average rate of the 91-day paper increased to 1.295 percent and the 182-day T-bill’s to 1.646 percent... Read More
MANILA – As the enhanced community quarantine (ECQ) has been extended in the National Capital Region (NCR) and four nearby provinces until April 11, budget carrier Cebu Pacific (CEB) on Monday announced the cancellation of more domestic flights.In an advisory posted on its Facebook page, CEB... Read More
MANILA – The Bureau of Customs (BOC) has surpassed its March 2021 collection target by 14.2 percent or PHP6.8 billion.Based on its preliminary report released on Monday, the bureau collected PHP54.5 billion in March as against its target collection at PHP47.7 billion.The BOC’s positive... Read More
MANILA – The country’s manufacturing score in March this year posted growth as production volume and purchasing activity continue to rise, the IHS Markit manufacturing purchasing managers’ index (PMI) report said.The report released Monday shows that Philippine manufacturing PMI in... Read More
MANILA – The Philippine government’s improved debt guidelines have resulted in the drop of the country’s external debt ratios compared to around two decades ago, the Department of Finance (DOF) said.In an economic bulletin, the DOF said the proportion of the country’s foreign... Read More
MANILA – The Securities and Exchange Commission (SEC) has extended the deadline for the submission of the general information sheet (GIS) to allow corporations to cope with the new rounds of enhanced community quarantine (ECQ) and the transition to an online submission system.In a notice... Read More
CEBU CITY – Converge Information and Communications Technology Solutions Inc. has marked a major milestone in its expansion in the Visayas region after the telecommunications company’s fiber cables reached the shores of Cebu.“What was once a dream to connect the whole nation with... Read More
MANILA – The National Transmission Corp. (TransCo) has the highest dividend contributions to the national treasury among government-owned and controlled corporations (GOCCs) for the first quarter of the year.The GOCC under the Department of Energy (DOE) said it has remitted PHP8.32 billion to... Read More
MANILA – The Bases Conversion and Development Authority (BCDA) is a step closer towards the completion of its over PHP3-billion plan to relocate and modernize the housing and support facilities of the Philippine Air Force (PAF). The PAF housing and support facilities will be relocated to a... Read More
MANILA – Coca-Cola Beverages Philippines Inc. (CCBPI), the local bottling arm of Coca-Cola and one of the major employers in the country, announced its free comprehensive coronavirus disease 2019 (Covid-19) vaccination program for its 10,000 associates and their immediate family members.CCBPI... Read More
MANILA – Presidential Adviser for Entrepreneurship Joey Concepcion believes that the only way to balance health and economy amid the global health crisis is through the immunization program.During the Kapihan sa Manila Bay virtual forum Wednesday, Concepcion said the back and forth lockdown... Read More
The Philippine News Agency is a web-based newswire service of the Philippine government under the supervision of the News and Information Bureau (NIB) of the Presidential Communications Office (PCO).