Business
Mahathir urges ASEAN to improve intra-regional trade
March 7, 2019, 8:19 pm
MANILA -- Malaysian Prime Minister Dr. Mahathir Mohamad on Thursday urged members of the Association of Southeast Asian Nations (ASEAN) to take advantage of its huge collective population to maximize market opportunities, and enable the group to become a force to be reckoned with in the global… Read More
Sustainable agri policies to boost employment: NEDA
March 7, 2019, 7:54 pm
MANILA – Implementing well-thought-out and sustainable policies is needed to improve employment growth in the agriculture sector and overall employment in the country, according to the National Economic and Development Authority. The January 2019 round of the Labor Force Survey (LFS) of the… Read More
Diokno on ideal BSP chief: anybody but a banker
March 7, 2019, 7:09 am
MANILA – Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said that while he is not a central banker, he is more suited to his current job than others who came from private banks. In his last briefing Wednesday as the Department of Budget and Management (DBM) Secretary, Diokno said his… Read More
Cebu Pacific to offer Manila-Marinduque route April 1
March 6, 2019, 9:58 pm
MANILA -- Local carrier Cebu Pacific (CEB) announced Wednesday it will begin servicing the Manila-Marinduque route starting April 1. Its subsidiary, Cebgo, will use its fleet of brand-new ATR aircraft between Ninoy Aquino International Airport (NAIA) and Marinduque every Monday, Wednesday and… Read More
Local markets higher in midweek trading
March 6, 2019, 7:56 pm
MANILA – Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno's projections of a sustained slowdown in inflation, which is seen to hover around the 2 percent level in the second half of this year, buoyed both the main equities gauge and the peso Wednesday. The local unit ended the day at… Read More
Economy gained from higher 2018 budget deficit: Diokno
March 6, 2019, 7:55 pm
MANILA -- Newly-appointed Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said that the economy turned out to be the big gainer in 2018, even if the government slightly exceeded last year's budget deficit cap of 3 percent of gross domestic product (GDP) after it hit 3.2 percent. In his… Read More
Piñol bares salient features on rice tariffication IRR
March 6, 2019, 7:53 pm
MANILA -- Agriculture Secretary Emmanuel "Manny" Piñol on Wednesday bared some salient improvements in the draft Implementing Rules and Regulations (IRR) on the Rice Tariffication Law. In a chance interview with the media, Piñol said among the salient improvements in the draft IRR, which was… Read More
NLEX toll hikes to take effect Mar. 20
March 6, 2019, 7:13 pm
MANILA -- Starting March 20, toll increases will be implemented at the North Luzon Expressway (NLEX) following its approval by the Toll Regulatory Board (TRB). In a statement on Wednesday, the NLEX Corporation said the TRB has approved its petition to impose an additional PHP10 fee in the open… Read More
Manila Water implements 'contingency plan' for El Niño
March 6, 2019, 6:19 pm
MANILA -- In preparation for the dry season, Manila Water called on its customers in Metro Manila's East Zone to conserve water as it announced the implementation of its Water Supply Contingency Plan effective this month. According to Manila Water Corporate Strategic Affairs Group Head Jeric… Read More
SSS prexy resigns, cites achievements
March 6, 2019, 5:22 pm
MANILA -- Social Security System (SSS) chief, Emmanuel Dooc submitted his resignation letter to President Rodrigo R. Duterte as President and Chief Executive Officer (PCEO) of the pension fund, at the same time Republic Act 11199 or the Social Security Act of 2018 took effect, the state pension… Read More
DMCI bets big on QC's real estate potential
March 6, 2019, 2:01 pm
MANILA -- Convinced that Quezon City is still the next big thing in the real estate industry, DMCI Homes is poised invest even more in the former Philippine capital this year to expand its presence in the area. Dennis Yap, DMCI Homes assistant vice president for project development, said the… Read More
CAAP marks 11th year; vows support to admin's aviation plans
March 5, 2019, 9:29 pm
MANILA -- The Civil Aviation Authority of the Philippines (CAAP) is celebrating its 11th year this month, and vows to support the administration’s plans for progress in the aviation sector, spokesperson Eric Apolonio said Tuesday. "CAAP wants to endeavor safety in aviation through better… Read More
Local markets slip on negative news overseas
March 5, 2019, 9:25 pm
MANILA -- Encouraging news about the further decline of local inflation last February to 3.8 percent from month-ago’s 4.4 percent was offset by the drop in S&P 500 in the US, resulting in the slide of the Philippine Stock Exchange index (PSEi) Tuesday. The PSEi shed 0.06 percent, or 4.85 points,… Read More
D&L Industries eyes double-digit profit growth in 2019
March 5, 2019, 9:08 pm
MANILA -- Chemicals and food ingredient manufacturer D&L Industries, Inc. targets to sustain double-digit profit growth this year driven by expectations of high demand amid robust election spending, as it also ramps up its exports business. The firm booked a 10-percent rise in net income to… Read More
MPIC nets P15-B in 2018
March 5, 2019, 9:06 pm
MANILA -- Infrastructure conglomerate Metro Pacific Investments Corp. (MPIC) on Tuesday reported a 7-percent increase in net income in 2018, driven mainly by its expanded power portfolio. MPIC disclosed to the local bourse that its consolidated core net income reached PHP15.1 billion last year, up… Read More
Palace assures bigger budget for DA
March 5, 2019, 8:30 pm
MANILA -- Agriculture Secretary Emmanuel "Manny" Piñol said Malacañang has assured that it is willing to give the Department of Agriculture (DA) extra funding that it needs in order to enhance farmers' output and in turn, increase the country's food productivity. During a full Cabinet meeting… Read More
Diokno's experience good fit for BSP
March 5, 2019, 8:29 pm
MANILA -- Officials of various organizations, some of which are central bank regulated, congratulated erstwhile Budget Secretary Benjamin Diokno for his appointment as the new Bangko Sentral ng Pilipinas (BSP) Governor. Philippine eMoney Association Chairman Orlando B. Vea, who is also the… Read More
Gov’t sees steady inflation downtrend till yearend
March 5, 2019, 5:41 pm
MANILA -- Economic managers are optimistic the downward path of inflation will continue for the rest of the year on the back of reforms recently rolled out, after the country’s inflation declined to an 11-month low of 3.8 percent in February 2019. “(Last month’s inflation) shows the… Read More
PhilMech to prioritize low rice producing provinces
March 5, 2019, 4:31 pm
MANILA -- As the implementation of the Rice Tariffication Law starts Tuesday, the Philippine Center for Postharvest Development and Mechanization (PhilMech) said it will prioritize low production areas, consisting of some 1,212 municipalities in 57 provinces identified by the Department of… Read More
Slower inflation in February not surprising
March 5, 2019, 3:54 pm
MANILA -- Inflation in the Philippines decelerated anew in February to 3.8 percent, which a ranking Bangko Sentral ng Pilipinas (BSP) official said is in line with their expectations. BSP Deputy Governor Diwa Guinigundo, in a reply to questions from the Philippine News Agency (PNA), said the… Read More
