Business
5G services to be available next year: MVP
November 28, 2018, 6:13 pm
MANILA -- Telecommunications firm PLDT, Inc. and its wireless subsidiary Smart Communications expects subscribers of its Home and Enterprise business segments to be able to avail of 5th generation technology (5G) capable services by next year. PLDT acknowledged that no 5G-capable mobile handheld… Read More
Funding to promote 'inclusive biz' launched
November 28, 2018, 6:11 pm
MANILA -- Large companies are being tapped to raise PHP100 million for a capacity-building fund to help low-income communities build their enterprises, Philippine Business for Social Progress (PBSP) Chairman Manuel V. Pangilinan announced on Wednesday. At the sidelines of the Inclusive Business… Read More
Security Bank NAIA branches open on Nov. 30
November 28, 2018, 6:09 pm
MANILA -- Security Bank branches nationwide, except for those at the Ninoy Aquino International Airport (NAIA) and NAIA 3, will be closed on Friday (November 30). In an advisory Wednesday, most of the bank's branches will be closed on Bonifacio Day since it is a regular holiday in the country.… Read More
TDF rates, bid coverage ratios up this week
November 28, 2018, 5:37 pm
MANILA -- The rates of Bangko Sentral ng Pilipinas’ (BSP) Term Deposit Facility (TDF) registered another uptick Wednesday, hopping on the bandwagon of domestic interest rates, and bid coverage ratios tagged along despite the undersubscription in most tenors. Data released by the central bank… Read More
BOI registers 2 inclusive biz projects worth P3.8-B
November 28, 2018, 5:35 pm
MANILA -- The Board of Investments (BOI) has so far registered two projects using inclusive business models, with combined investments amounting to PHP3.78 billion. During the press conference of Inclusive Business Leaders’ Conference in Pasay City on Wednesday, Trade Undersecretary and BOI… Read More
Beep card firm to partner with provincial jeepney groups
November 27, 2018, 9:32 pm
MANILA -- A private firm is eyeing to partner with jeepney cooperatives in the province of Bukidnon and the cities of Iloilo and Cebu for the installation of automated fare collection system on their jeepney units in support of the Public Utility Vehicle Modernization Program (PUVMP) in the… Read More
Grab rolls out taxi services in Subic
November 27, 2018, 9:12 pm
MANILA -- Grab Philippines rolled out on Tuesday its taxi services at the Subic Freeport Zone in Pampanga to provide transportation to residents and tourists in the area. In a statement, Grab Philippines Country Head Brian Cu said the company has put on board 120 taxi drivers into its GrabTaxi… Read More
BCDA relocates to Clark
November 27, 2018, 8:38 pm
MANILA -- The Bases Conversion and Development Authority (BCDA) is transferring its headquarters to the Clark Freeport and Special Economic Zone (CSEZ) “to closely monitor and supervise” major projects in Central Luzon. It announced Tuesday that it inaugurated its new office located at the 9th… Read More
12 ‘promoters’ of unregistered investment firm arrested
November 27, 2018, 8:06 pm
MANILA -- Operatives of the Securities and Exchange Commission (SEC) and the Philippine National Police (PNP) arrested 12 supposed “promoters” of an unregistered investment company in an entrapment operation last Nov. 24 in Pasig City. In a statement, the SEC said arrested were Tan Yan Chao… Read More
Economic growth safe despite reenacted budget
November 27, 2018, 8:05 pm
MANILA -- Budget Secretary Benjamin Diokno expressed confidence that the economy can manage a robust growth in 2019, even as he admitted that it is likely to be held back slightly in the first half should the government resort to a reenacted budget at the start of the year. Noting reports that… Read More
Local stocks rise as peso pulls back
November 27, 2018, 7:46 pm
MANILA -- Philippine Stock Exchange index (PSEi) again posted gains despite renewed trade war concerns but the peso weakened against the greenback in Tuesday's trading. The main stock index rose to 7,413.63 points, up 0.21 percent or 15.76 points. Regina Capital Managing Director Luis Limlingan… Read More
BTr fully awards 7-year T-bond, opens tap facility anew
November 27, 2018, 7:29 pm
MANILA -- The Bureau of the Treasury’s (BTr) auction committee on Tuesday made a full award of the seven-year Treasury bond (T-bond) and even opened a tap facility to accommodate the especially strong demand for the debt paper. The full award of PHP15 billion was made after the rate of the debt… Read More
Chinese firm plans to establish textile mill in Cagayan
November 27, 2018, 6:20 pm
MANILA -- Another Chinese company is setting up its textile business in the Cagayan Special Economic Zone and Freeport (CSEZF) as the Cagayan Economic Zone Authority (CEZA) follows through on its efforts to lure investors from China. In a statement Tuesday, CEZA Administrator and Chief Executive… Read More
Malaysian mid-tier firms seek opportunities in PH
November 27, 2018, 4:31 pm
MANILA -- Mid-tier companies from Malaysia are in the country for a market immersion mission in Manila this week. The Malaysia External Trade Development Corp. (MATRADE), Malaysia’s trade promotion agency, organized the business mission from Nov. 26 to 28, seeking to build networks with… Read More
DICT bats for establishment of cell tower firms
November 27, 2018, 3:14 pm
MANILA -- The Department of Information and Communications Technology (DICT) intends to craft a policy that will pave the way for the establishment of companies whose sole purpose is to build cell site towers that can be commonly leased by competing telecommunications firms (telcos). This, as the… Read More
Torre Lorenzo eyes initial public offering by 2022
November 27, 2018, 2:35 pm
MANILA -- Torre Lorenzo Development Corp. (TLDC) has set its sights on listing 30 percent of its business in the Philippine Stock Exchange (PSE) by 2022, its chief financial officer Emmanuel Rapadas told reporters. Rapadas said this is part of the company’s plan to grow its business. “We’re… Read More
Claims of economic overheating brushed aside
November 26, 2018, 9:34 pm
CLARK, Pampanga -- A ranking official of the Bangko Sentral ng Pilipinas (BSP) said claims of economic overheating is founded on flimsy ground specially since inflation, which has shown the possibility that it has peaked last October, remains driven by supply and not demand. In a briefing at the… Read More
China seeks increased trade, economic ties with PH
November 26, 2018, 8:53 pm
MANILA -- China is keen to increase trade and economic ties with the Philippines, as it stands ready to support the country’s sustained growth, according to officials of the Chinese Embassy here. “We still have a lot more potential to boost our bilateral trade,” Chargé D'affaires Tan… Read More
Prudent spending but no underspending for Duterte admin
November 26, 2018, 8:40 pm
CLARK, Pampanga -- Budget and Management Secretary Benjamin Diokno on Monday assured that government will continue to exercise prudent spending but clarified that underspending will never happen under the current administration. In his speech during the consultation event with the private sector… Read More
Trading week begins on positive ground
November 26, 2018, 8:26 pm
MANILA -- Early window dressing buoyed the Philippine Stock Exchange index (PSEi) Monday and this pre-holiday cheer also benefited the peso. PSEi gained 0.79 percent, or 57.69 points, to 7,397.87 point, which Regina Capital Managing Director Luis Limlingan said was in contrast to the drop of US… Read More
