Business
More Filipinos seeking intellectual property protection
March 4, 2019, 8:33 pm
MANILA – The Intellectual Property Office of the Philippines (IPOPHL) reported Monday that applications for intellectual property protection significantly increased in 2018. IPOPHL said intellectual property filings last year rose 15 percent to 44,461 from only 38,801 applications in 2017.… Read More
Monaco-based firm eyes import of coconut oil, products
March 4, 2019, 6:14 pm
MANILA -- The agricultural sector seems to be gaining from the various inter-country visitations of this administration, after an international company makes an arrangement to buy Philippine produce. The Department of Agriculture sealed a deal with Monte Carlo-based Arteks Generation, a huge name… Read More
BTr rejects 91, 364-day T-bill bids for high yield demand
March 4, 2019, 5:43 pm
MANILA -- Bureau of the Treasury’s auction committee on Monday rejected bids for the 91 and 364-day Treasury bills (T-bills) but partially awarded the 182-day paper after banks demanded overly high yields. Had the auction committee awarded the bellwether 91-day T-bill, its rate would have risen… Read More
Sufficient power supply during summer assured
March 4, 2019, 4:47 pm
MANILA -- Energy Undersecretary Felix William Fuentebella on Monday assured consumers that the country has sufficient power supply to last from March until June this year even with the onset of a weak El Niño. Citing reports from the Philippine Atmospheric, Geophysical and Astronomical Services… Read More
Aboitiz gets original proponent status for Laguindingan Airport
March 4, 2019, 3:54 pm
MANILA -- The Civil Aviation Authority of the Philippines (CAAP) has given Aboitiz InfraCapital Inc. (AIC) the green light on its proposal for the operations and maintenance of Laguindingan Airport in Misamis Oriental. In a statement on Monday, the AIC said its unsolicited proposal was granted… Read More
DOF, DILG targets local execs in illicit tobacco trade
March 4, 2019, 1:39 pm
MANILA -- Finance Secretary Carlos Dominguez III has directed the Bureau of Internal Revenue (BIR) to coordinate with the Department of the Interior and Local Government (DILG) in filing charges against local government executives found responsible for neglecting to check the presence of, if not… Read More
New heads of Landbank, DBP, PhilEXIM sworn in
March 3, 2019, 3:16 pm
MANILA -- Finance Secretary Carlos Dominguez III has sworn into office on Friday Cecilia Borromeo as President-CEO of the Land Bank of the Philippines (LANDBANK), Emmanuel Herbosa as President-CEO of the Development Bank of the Philippines (DBP) and Alberto Francisco Pascual as President-CEO of… Read More
Foreigners working in PH must pay taxes: DOF
March 3, 2019, 12:30 pm
MANILA -- The Department of Finance (DOF) and the Bureau of Internal Revenue (BIR) are working closely with other government agencies, including the justice and labor departments, to ensure that foreign nationals working in Philippine offshore gaming operations (POGO) comply with the country’s… Read More
China, partner countries to bring BRI to new heights
March 3, 2019, 11:40 am
BEIJING – Countries under the China-led Belt and Road Initiative (BRI) are expected to bring this cooperation to new heights as the Belt and Road Forum for International Cooperation will take place here in April. Guo Weimin, spokesperson of the second session of the 13th National Committee of… Read More
No debt trap for developing countries: CN political advisory body
March 2, 2019, 7:34 pm
BEIJING -- The Chinese government does not plot any debt trap for developing countries, where it extends loans to fund infrastructure projects, China’s top political advisory body said in a press conference at the Great Hall of the People on Saturday. Guo Weimin, spokesperson of the second… Read More
Rice Tariffication Law gets rid of smugglers: Lambino
March 2, 2019, 4:24 pm
MANILA -- With the implementation of the Rice Tariffication Law starts on March 5, the national government has assured that there will be no more smuggling of the staple food as importation will be open to everybody. "Rice tariffication will eliminate rice smugglers as anyone can now import rice,… Read More
Peso remains unchanged at 51.70, stocks slip anew
March 1, 2019, 9:18 pm
MANILA -- The peso remained unchanged on Friday while stocks declined anew as investors sold heavily following adjustments made in the benchmark index of MSCI. The local currency closed 51.70 against the US dollar, still its strongest since finishing the trade at 51.675 on May 4, 2018. “The peso… Read More
Manufacturing PMI fell in February, but firms remain upbeat
March 1, 2019, 5:21 pm
MANILA -- The country’s manufacturing score for February recorded a weaker growth compared to January’s purchasing managers’ index (PMI), IHS Markit reported Friday. IHS Markit’s Nikkei Philippines Manufacturing PMI showed that the sector’s score fell from 52.3 in January to 51.9 in… Read More
Land dev’t of Megaworld’s posh village in Bacolod completed
March 1, 2019, 3:09 pm
BACOLOD CITY -- Property giant Megaworld Corp. has started the turnover of lots to property owners in the Forbes Hill, its first luxury village venture outside Metro Manila situated at the boundary of the cities of Bacolod and Talisay in Negros Occidental. During a media tour Thursday, Harold… Read More
Cebuana Lhuillier launches microsavings account
March 1, 2019, 8:55 am
MANILA -- Financial services firm Cebuana Lhuillier launched its microsavings account, aiming to provide more unbanked Filipinos access to banking services. The Cebuana Lhuillier Micro Savings will give depositors a more convenient and affordable means to save their money, in line with the… Read More
Availability of cheap rice assured amid tariffication
March 1, 2019, 8:52 am
MANILA -- Low-priced National Food Authority (NFA) rice will still be available in the market until the year-end and consumers will continue to benefit from cheaper imported rice with the passage of the rice tariffication law, the National Economic and Development Authority (NEDA) assured on… Read More
BSP eyes February 2019 inflation between 3.7-4.5%
February 28, 2019, 9:56 pm
MANILA -- Higher domestic oil prices as well as higher electricity rates are seen as the primary drivers of inflation in February 2019, which the Bangko Sentral ng Pilipinas (BSP) forecasts to range between 3.7-4.5 percent. In a statement Thursday, the BSP said its Department of Economic Research… Read More
Petron to hike LPG prices Friday
February 28, 2019, 9:40 pm
MANILA -- Petron Corp. announced that it will implement another increase in the prices of its liquefied petroleum gas (LPG) products effective Friday amid rising contract prices in the world market. In an advisory, the company said a PHP2.90-per-kg. increase will be implemented for cooking gas to… Read More
GCash, CIMB partner for mobile savings wallet
February 28, 2019, 9:37 pm
MANILA -- Mobile wallet provider GCash and CIMB, which have all-digital banking operations in the Philippines, joined hands to provide the first-ever mobile savings wallet in the country, GSave. In a briefing Thursday, Mynt head of Savings Kim Aimei Seng said GSave offers a higher interest rate of… Read More
Foreign investment pledges hit P179-B in 2018
February 28, 2019, 7:31 pm
MANILA -- Approved foreign investment (FI) commitments surged 69.3 percent to PHP179 billion in 2018 from PHP105.7 billion the previous year, as the country’s strong economic fundamentals continued to attract investors from beyond Philippine shores. The Philippine Statistics Authority (PSA) on… Read More
