Business

Slovenia eyes trade, biz mission in PH

Slovenia eyes trade, biz mission in PH

November 20, 2018, 6:38 pm

MANILA -- Department of Trade and Industry (DTI) Secretary Ramon Lopez said Tuesday a delegation from Slovenia will visit the Philippines for a trade and business mission in March 2019. Lopez said in a statement that the planned visit of Slovenian businessmen was bared during his meeting with… Read More

DTI alumna to champion social enterprise

DTI alumna to champion social enterprise

November 20, 2018, 6:27 pm

TRECE MARTIRES CITY, Cavite – A single mom, who ventured into bead jewelry-making enterprise, envisions her business to become a social enterprise, one with a corporate social responsibility for the ecology and provide income and employment to the community. Delia ‘Dhel’ Gambol, of… Read More

DICT partners with China Telecom for submarine broadband infra

DICT partners with China Telecom for submarine broadband infra

November 20, 2018, 5:29 pm

MANILA -- The Department of Information and Communications Technology (DICT) has partnered with China Telecommunications Corporation for the establishment of a submarine broadband infrastructure that will ensure faster internet connectivity in the country. DICT Acting Secretary Eliseo Rio Jr. and… Read More

Local tech firm optimistic about PH Internet connectivity

Local tech firm optimistic about PH Internet connectivity

November 20, 2018, 5:06 pm

MANILA -- Executives of the San Pedro, Laguna-based technology company, Shiptek Solutions Corporation, remain optimistic about Internet connectivity in the country, thus, the establishment of its end-to-end digital logistics platform called XLOG. During the launch of the platform on Tuesday, Nico… Read More

PH reiterates support for regional free trade

PH reiterates support for regional free trade

November 20, 2018, 4:01 pm

MANILA -- The Philippine government reiterated its support for open and free trade in the region even as the Asia Pacific Economic Cooperation (APEC) 2018 Summit concluded with some hotly debated trade issues still unresolved. Department of Trade and Industry (DTI) Secretary Ramon Lopez said… Read More

DOE activates resiliency task force due to TD Samuel

DOE activates resiliency task force due to TD Samuel

November 20, 2018, 2:30 pm

MANILA -- The Department of Energy (DOE) on Tuesday assured the public that it is closely monitoring the power situation in communities that are likely to be affected by Tropical Depression Samuel. In a statement, the DOE said its Task Force on Energy Resiliency (TFER) has been on activated status… Read More

NTC confirms Mislatel as 3rd telco player

NTC confirms Mislatel as 3rd telco player

November 19, 2018, 10:09 pm

MANILA -- The National Telecommunications Commission (NTC) formally confirmed Mislatel Consortium as the new major player in the telco industry this Monday. This, after the joint venture of Udenna Corporation and China Telecom, passed the document verification phase conducted by the New Major… Read More

BSP clearing, settlement ops open on Tuesday

BSP clearing, settlement ops open on Tuesday

November 19, 2018, 8:37 pm

MANILA – The clearing and settlement operations of the Bangko Sentral ng Pilipinas (BSP) will continue Tuesday even after regular work has been suspended by the local government due to the visit of Chinese President Xi Jinping In a WhatsApp message to reporters Monday, BSP Governor Nestor… Read More

Trading week begins on a positive note

Trading week begins on a positive note

November 19, 2018, 8:36 pm

MANILA -- Hopes for a continued rise in interest rates here and in the US boosted the Philippine peso, while clear indications that inflation pressures have waned backed the Philippine Stock Exchange index (PSEi). The local currency ended the week’s first trading day at 52.57 from 52.715 Friday… Read More

R.A. 11057 to help MSMEs acquire loans

R.A. 11057 to help MSMEs acquire loans

November 19, 2018, 7:08 pm

MANILA -- Universal and commercial banks (U/KBs) in the Philippines are expected to hike their Agri-Agra rule compliance through the Personal Property Security Act, which effectively increases the list of assets that small businesses can use as loan collaterals. “We hope that this will enable… Read More

Rates of PH T-bills up further

Rates of PH T-bills up further

November 19, 2018, 6:20 pm

MANILA -- The Bureau of the Treasury’s (BTr) auction committee fully awarded all tenors of its Treasury bills (T-bills) Monday even with the uptick in rates. Average rate of the bellwether 91-day T-bill rose to 5.295 percent from 5.172 percent during the auction last November 12. BTr offered it… Read More

Value of fake goods seized reach P18-B at end-Sept.

Value of fake goods seized reach P18-B at end-Sept.

November 19, 2018, 5:14 pm

MANILA -- The Intellectual Property Office of the Philippines (IPOPHL) reported on Monday that a total of PHP17.9 billion worth of pirated and counterfeit goods were confiscated from January to September this year. The amount of goods seized over the nine-month period already represents an 840… Read More

Oil prices fall for the 6th straight week

Oil prices fall for the 6th straight week

November 19, 2018, 5:13 pm

MANILA -- Local oil firms will once more rollback pump prices Tuesday (Nov. 20), the 6th week in a row, due largely to the steady decline of world crude prices. They announced price reductions of PHP1.25 per liter on unleaded gasoline, PHP1.10 per liter on diesel, and PHP0.80 per liter on… Read More

High-level PH-Japan infra meeting set in Manila Wednesday

High-level PH-Japan infra meeting set in Manila Wednesday

November 19, 2018, 3:45 pm

MANILA -- Philippine and Japanese officials will hold their sixth meeting on infrastructure and economic cooperation this Wednesday (Nov. 21) in Manila to discuss the processing of new concessional loan agreements that would provide the Duterte administration’s “Build, Build, Build” program… Read More

AboitizPower donates P5.6-M electrical equipment to Marawi

AboitizPower donates P5.6-M electrical equipment to Marawi

November 19, 2018, 1:52 pm

MANILA -- The Aboitiz Group has turned over a total of PHP5.6 million worth of electrical equipment in Marawi City as part of the rehabilitation efforts in the war-torn area. In a statement Monday, AboitizPower Corp. said its subsidiary Davao Light Power Company, Inc. (DLPC) donated early this… Read More

PH, Papua New Guinea to launch joint eco, trade committee

PH, Papua New Guinea to launch joint eco, trade committee

November 18, 2018, 6:13 pm

MANILA -- The trade departments of the Philippines and Papua New Guinea will establish a Joint Economic and Trade Committee (JETC) following the signing of a Memorandum of Understanding (MOU) on the sidelines of the Asia Pacific Economic Cooperation (APEC) Summit. Department of Trade and Industry… Read More

Pagudpud welcomes coffee farm development

Pagudpud welcomes coffee farm development

November 17, 2018, 9:03 am

LAOAG CITY—The local government of Pagudpud has welcomed the development of coffee farming in the northernmost part of the province to generate more livelihood opportunities for farmers. Through a proposed public and private partnership , the Ilocos Norte government, through the Environment and… Read More

Max’s Group records 32% profit jump in Q3

Max’s Group records 32% profit jump in Q3

November 16, 2018, 8:25 pm

MANILA -- Max’s Group, Inc. (MGI), the Philippines’ largest casual dining restaurant chain, on Friday reported a net income of PHP118.5 million for the third quarter of 2018, up 32 percent from PHP90 million for the same period last year. For the first nine months, system wide sales grew 9… Read More

FPI transactions resulted in net outflow in October: BSP

FPI transactions resulted in net outflow in October: BSP

November 16, 2018, 8:06 pm

MANILA -- Registered investments for the month of October 2018 amounted to USD953 million, reflecting a 28.2 percent increase from the USD743 million figure in September. In contrast, this represented a 31.2 percent decline from the USD1.4 billion level recorded during the same month a year ago,… Read More

PSEi hits 7,000-level, Peso up slightly in Friday trading

PSEi hits 7,000-level, Peso up slightly in Friday trading

November 16, 2018, 6:07 pm

MANILA -- The Philippine Stock Exchange index (PSEi) climbed to the 7,000-level while the peso gained a little more ground against the greenback as the week's trading closed, due partly to another hike in the Bangko Sentral ng Pilipinas’ (BSP) key rates. The main equities index ended the week at… Read More