Business
Major infra projects turning Bulacan into next growth area: PCCI
September 24, 2018, 9:14 pm
MANILA -- The Philippine Chamber of Commerce and Industry (PCCI), the country’s largest business organization, sees Bulacan benefiting from major infrastructure projects, specifically those that connect the province to Metro Manila and other areas in Luzon. In a statement Monday, PCCI Chairman… Read More
Gov’t urged to review slot allocation guidelines for new airports
September 24, 2018, 8:06 pm
MANILA -- Government is urged to decide whether to maintain the current system of allocating airport slots or come up with a new one that takes into account the projected competitive environment. In a public forum of Philippine Competition Commission (PCC) Monday, the anti-trust body’s… Read More
Local pump prices up again Tuesday
September 24, 2018, 7:34 pm
MANILA – Price movements in the international petroleum market have prompted local oil companies to increase pump prices anew, the third in as many weeks this month, effective 6 a.m. Tuesday. The price adjustments due to movements in the international petroleum market are simply being passed on… Read More
Supermarkets say it's hard to get permit to sell NFA rice
September 24, 2018, 7:18 pm
MANILA -- The Philippine Amalgamated Supermarkets Association (PAGASA) said members are finding it difficult to secure permits to sell subsidized rice from the National Food Authority (NFA), even it is was government that initiated moves to make it available in supermarkets. This is after PAGASA… Read More
Another airport near NAIA potentially unsafe: AirAsia PH
September 24, 2018, 5:45 pm
MANILA -- Philippines AirAsia, Inc. President and Chief Executive Officer Capt. Dexter Comendador said that developing another airport in the vicinity of Ninoy Aquino International Airport (NAIA) and several other airports in the country will pose added risk to aircraft in flight. In a public… Read More
Cement industry feeling ‘Build Build Build effect’
September 24, 2018, 3:14 pm
MANILA -- The local cement industry is poised to reap the benefits of the government's "Build Build Build" Program, as it gets ready for a major spike in demand for construction supplies because of various infrastructure projects in the pipeline. Republic Cement President Nabil Francis said demand… Read More
NegOcc to hold investment forum in Makati City
September 24, 2018, 11:41 am
BACOLOD CITY -- The provincial government hopes to attract investors in the first “Invest in Negros Business Forum”, which will be held at the Dusit Thani Hotel Manila in Makati City on September 26. The forum will be a side event of the 33rd Negros Trade Fair set on September 25 to 30 at the… Read More
4-day work week possible in BPO industry
September 23, 2018, 4:25 pm
MANILA -- A four-day work week can be possibly implemented in the business process outsourcing (BPO) sector, stakeholders from the industry said. Teleperformance Philippines senior vice president for human capital Jeffrey Johnson said the company is already implementing flexible work arrangements,… Read More
Private sector vital in addressing housing need: NEDA
September 21, 2018, 9:59 pm
MANILA -- The government is tapping the support of the private sector in addressing the country’s housing need, the country’s chief economist said. Socioeconomic Planning Secretary Ernesto Pernia pointed out that housing needs of the country remain a “challenge”, estimated totalling around… Read More
BSP eyes formal governance framework for FX market
September 21, 2018, 9:53 pm
MANILA - - The Bangko Sentral ng Pilipinas (BSP) is studying a formal governance framework that will provide stakeholders with a level playing field and ensure transparency in the foreign exchange market as well. BSP Deputy Governor Chuchi Fonacier said monetary authorities continue to liberalize… Read More
State of calamity declaration to tame inflation after 'Ompong': NEDA
September 21, 2018, 7:49 pm
MANILA -- The declaration of a state of calamity in areas affected by Typhoon ‘Ompong’ can ease inflationary expectations on account of its devastation, the National Economic and Development Authority (NEDA) said on Friday. “At this point, it’s difficult to predict in terms of figures what… Read More
PSEi, Peso end week up tracking overseas counterparts
September 21, 2018, 7:27 pm
MANILA -- Consolidation led the Philippine Stock Exchange index (PSEi) and the Peso to end the week on a positive note amid trade war concerns and ahead of the rate setting meet of the Bangko Sentral ng Pilipinas (BSP) next week. The main equities gauge rose 3.48 percent, or 248.27 points, to… Read More
Final guidelines for 3rd telco out
September 21, 2018, 7:23 pm
MANILA -- The Department of Information and Communications Technology (DICT) and the National Telecommunications Commission (NTC) released on Friday the final guidelines in the selection of the country's third major telecommunications player. The new major player in the local telecommunications… Read More
DBP launches new scholarship program, Lake Manguao reforestation
September 21, 2018, 6:59 pm
MANILA - - Some 360 students from 14 higher education institutions who are taking courses that support the government’s “Build, Build, Build” program are among the beneficiaries of the estate-owned Development Bank of the Philippines (DBP) new scholarship program. In a briefing Friday,… Read More
French, German firms eye projects in New Clark City
September 21, 2018, 6:29 pm
MANILA -- European companies are keen on operating their business activities in New Clark City, the country’s next metropolis located in Central Luzon, Bases Conversion and Development Authority (BCDA) President and Chief Executive Officer Vivencio Dizon said. Dizon even told the Philippine News… Read More
Grab enforces P2 per minute charge
September 21, 2018, 3:56 pm
MANILA -- Ridesharing firm Grab Philippines will enforce a PHP2- per minute charge on travel time from place of origin to destination starting Friday. This is in compliance with the directive of the Land Transportation Franchising and Regulatory Board (LTFRB) earlier this month, which allows… Read More
'Pogo' helping to keep PH residential market robust
September 21, 2018, 6:16 am
MANILA -- The Philippines’ residential real estate market is expected to sustain its growth on the back of robust demand both from offshore and local buyers, as well as with the help of technology. In a media briefing by Lamudi Thursday, Ortigas and Co. Senior Vice President and Chief Operating… Read More
BSP end-July net income up nearly fourfold
September 20, 2018, 10:17 pm
MANILA -- Gains from foreign exchange rate fluctuations and higher interest income boosted the Bangko Sentral ng Pilipinas’ (BSP) net income in the first seven months of 2018, rising nearly four times year-on-year. Bangko Sentral ng Pilipinas (BSP) data show that gains from foreign exchange… Read More
LRT-1 ridership reaches 14-M in August
September 20, 2018, 10:16 pm
MANILA -- Over 14 million people rode the Light Rail Transit Line 1 (LRT-1) last August, its highest ridership in a single month to date, according to its operator Light Rail Manila Corporation (LRMC). Passenger volume was recorded at 14.6 million passengers which has higher by 8 percent to 13.45… Read More
TRABAHO bill not seen to hit gov't revenues hard
September 20, 2018, 8:39 pm
MANILA -- Philippine government revenues are not expected to take a serious blow from the proposed cut in corporate income tax (CIT) rates. Fitch Solutions, an affiliate of Fitch Ratings Inc., in a study said that “although CIT accounted for almost a quarter of total government revenue… Read More
