CAGAYAN DE ORO CITY—A group of Singaporean businessmen will visit this city to explore local investment opportunities, an official of the Philippine Chamber of Commerce and Industry (PCCI) said.PCCI President George Barcelon said Cagayan de Oro City has been chosen as the first venue for the... Read More
ILOILO CITY -- The Department of Agriculture (DA) in Region 6 has earmarked PHP100 million for the implementation of the rice mechanization program in Western Visayas this year.The fund is intended to acquire farm mechanical tools aimed at reducing labor cost, prevent post-harvest losses and improve... Read More
MANILA - - The Philippine peso improved anew Friday on lower US Treasury yields while the main stocks gauge shed slightly on profit-taking. The local currency finished the week at 50.87 from the previous session's 50.93.A trader pointed out that concerns on US President Donald Trump's ability to... Read More
MANILA - - The Bureau of the Treasury (BTr) is now working with the Bangko Sentral ng Pilipinas (BSP) and the Securities and Exchange Commission (SEC) in uplifting the domestic capital market.This as the government now relies more on onshore fund sources rather than foreign creditors, with the... Read More
MANILA --Private sector support is vital to the implementation of infrastructure projects that will improve the worsening traffic situation in the country's major cities.Public Private Partnership (PPP) Center of the Philippines Legal Services Director Frances Yani Domingo said the investment of the... Read More
MANILA -- After a successful pilot-testing last July, the Philippines is ready to link with trade facilitation platforms of other countries in the Association of Southeast Asian (ASEAN) by December.Finance Undersecretary Gil Beltran told reporters recently that the pilot-testing last July of... Read More
MANILA -- The Philippine peso closed better at 50-level against the greenback on Thursday while the main stocks gauge recovered as risk-on sentiment rose anew. The peso finished the trade at 50.93 from 51.095 a day ago, which BDO chief market strategist Jonathan Ravelas traced to weakness of the US... Read More
MANILA -- The research arm of the Fitch Group has forecast the Philippine construction industry will steadily expand over the next 10 years, with Chinese and Japanese firms largely benefitting from greater investments and project opportunities.BMI Research sees positive outlook for the construction... Read More
MANILA -- China Banking Corp. on Thursday announced the approval by its Board of Directors the election of William C. Whang as the bank’s president in lieu of Ricardo R. Chua, who will retire on October 31, 2017.In a disclosure with the Philippine Stock Exchange (PSE), the bank said Whang, who... Read More
PH posts USD4-M net hot money inflow in AugustMANILA - - Philippines posted USD 3.95 million net inflow of foreign portfolio investments during the shortened trading days in the week covering August 21-25, 2017, a turn-around from the previous week.August 21, 2017 is a holiday due to the... Read More
MANILA -- Economic managers are working towards relaxing restrictions on foreign contractors in line with the government’s plan to fast-track the implementation of infrastructure and development projects deemed vital to sustaining economic growth.Socioeconomic Planning Secretary Ernesto Pernia... Read More
CAGAYAN DE ORO CITY—The Board of Investments (BOI) is looking for ways to transform Northern Mindanao's livestock industry at par with Association of Southeast Asian Nations (Asean) standards.This was disclosed by BOI Investment Assistance Service director Raul Angeles, who pointed out that as... Read More
DAVAO CITY - After several years of promoting Mindanao products from hand woven cloths to handcrafted products, they finally found niche in the Philippine market.These products made by different tribes are getting popular and recognized by entrepreneurs for their intricate and indigenous... Read More
MANILA -- While the Association of Southeast Asian Nations (ASEAN) has available programs and pushing for policies that will boost micro, small, and medium enterprises (MSMEs), the region needs to introduce more financial and technical support to MSMEs, an ASEAN study said.The report “Towards... Read More
MANILA -- The 49th Association of Southeast Asian Nations (ASEAN) Economic Ministers’ Meeting (AEM) formally opened in Pasay City Thursday.Trade ministers of the regional bloc's 10 member states have convened here to move forward action plans for the ASEAN Economic Community (AEC).In his... Read More
MANILA --The government is committed to make the mining industry contribute more to the country’s economic growth, without sacrificing the environment and the well-being of the local people.This was stressed by Environment and Natural Resources Secretary Roy Cimatu in his speech read by DENR... Read More
MANILA --Nine Filipino enterprises were recognized by the Association of Southeast Asian Nations Business Advisory Council (ASEAN BAC) at the ASEAN Business Awards 2017 for their outstanding contribution to the advancement of business environment in the region.JG Summit Holdings, Inc. Founder John... Read More
MANILA --President Rodrigo Duterte has challenged large companies in the Association of Southeast Asian Nations (ASEAN) to make the region’s business environment more inclusive. In his speech during the ASEAN Business Awards 2017 here Wednesday evening, President Duterte has urged ASEAN... Read More
MANILA -- The Chamber of Mines of the Philippines (COMP) formally invited President Rodrigo Duterte to visit one of the rehabilitated mines in the country in the wake of his recent pronouncements about open-pit mines."We like to invite the President to come and see some of the older mines that have... Read More
MANILA -- The 10-member states of the Association of Southeast Asian Nations (ASEAN) are enjoined to promote inclusive business model in the region in order to achieve greater impact of development and reach the bottom of the pyramid.In a press conference Wednesday on the sidelines of the ASEAN... Read More
The Philippine News Agency is a web-based newswire service of the Philippine government under the supervision of the News and Information Bureau (NIB) of the Presidential Communications Office (PCO).