Business
Trading week begins higher on rate hike expectations
July 30, 2018, 7:56 pm
MANILA -- The Philippine Stock Exchange index (PSEi) finished the week’s first trading day up and the peso registered gains against the greenback on positive global growth prospects following the report of robust expansion of the US economy in the second quarter of 2018. PSEi rose for the fifth… Read More
Gov’t works to attract more investments into CAR
July 30, 2018, 7:50 pm
MANILA -- The government will continue implementing programs to increase investments to the Cordillera Administrative Region (CAR), which is touted as the fastest growing region, the National Economic and Development Authority (NEDA) said in a report on Monday. The CAR Regional Economic… Read More
Pump prices going up again on Tuesday
July 30, 2018, 7:48 pm
MANILA -- Local oil companies will effectvely take back the price reduction given to consumers last week, as they get set to raise prices again on Tuesday (July 31). The increase in pump prices, which was described as "somewhat significant," will be implemented by most oil companies at 6AM… Read More
Espenilla: Economic expansion benefits banking system
July 30, 2018, 7:46 pm
MANILA -- Banks continue to reap the benefits from the Philippine economy's sustained expansion as shown by the robust growth of deposits and lending activities, which in turn helps ensure the industry’s health. Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. said banks… Read More
8990 Holdings profit doubles to P2.4-B
July 30, 2018, 7:04 pm
MANILA -- Housing developer 8990 Holdings Inc. on Monday said its net income doubled to PHP2.4 billion in the first half of the year on the back of robust demand for affordable homes. 8990 Holdings President and Chief Executive Officer Willie Uy is confident of hitting revenue goal of PHP11.5… Read More
PH investment roadshow seeks stronger alliances with Japanese firms
July 30, 2018, 6:26 pm
JAPAN -- Trade Secretary Ramon Lopez led the Philippine delegation to Japan (JP) for the 2018 Investment Roadshow that aims to encourage leading Japanese companies as well as small and medium enterprises -- involved in auto parts, electronics, manufacturing, and shipbuilding -- to invest in PH and… Read More
BTr fully awards T-bills amid rate uptick
July 30, 2018, 5:30 pm
MANILA -- Banks exhibitted refreshing bullishness as they submitted higher-than-offered bids for Treasury bills (T-bills), which the Bureau of the Treasury’s (BTr) auction committee awarded in full across-the-board Monday. This, even as rates rose for all three tenors, which National Treasurer… Read More
SSS targets delinquent employers in GenSan
July 30, 2018, 3:10 pm
GENERAL SANTOS CITY -- The Social Security System’s (SSS) crackdown on delinquent employers continues with the 5th leg of its regional Run After Contribution Evaders (RACE) Campaign, this time, in Barangays Dadiangas East and Dadiangas North here Monday. SSS President and Chief Executive Officer… Read More
BSP enhances rules for banks’ bond issuances
July 30, 2018, 1:55 pm
MANILA -- The Bangko Sentral ng Pilipinas (BSP) revised its rules on banks’ bond issuances to keep them in line with those of the Securities and Exchange Commission (SEC) and to address policy gaps. In an interview by journalists Friday, BSP Governor Nestor A. Espenilla Jr. said the central bank… Read More
Social enterprises create jobs for women, poor: PIDS
July 29, 2018, 4:04 pm
MANILA -- The government is urged to promote social enterprises (SEs) in rural areas to provide income-generating opportunities for women, marginalized groups and poor communities. A recent policy note released by state think tank Philippine Institute for Development Studies (PIDS) discussed… Read More
BSP working with stakeholders for a national QR Code
July 27, 2018, 10:10 pm
MANILA -- Bangko Sentral ng Pilipinas (BSP) is currently working with stakeholders to develop national QR code standards in line with its program to establish an effective electronic retail payment system. Quick Response (QR) Code is a machine-readable two-dimensional code used for storing… Read More
BIR asks DICT to fix hardware meltdown quickly
July 27, 2018, 10:08 pm
MANILA -- Internal Revenue Commissioner Ceasar Dulay said government IT-experts have been slow in resolving the bureau's technological issues following a glitch that affected websites of several state agencies on July 3, 2018. In a report to Finance Secretary Carlos Dominguez III, Dulay said the… Read More
Local assemblers to supply 140-K units in PUV modernization
July 27, 2018, 9:48 pm
MANILA -- Local vehicle manufacturers together with support industries have set their sights on replacing the estimated 200,000 public utility vehicles (PUVs) that will be phased-out under government’s modernization program. In a press conference for the 2nd Philippine Auto and Parts Expo… Read More
Private sector partners in gov't infra projects sought
July 27, 2018, 8:30 pm
MANILA -- The government expects all regions to submit their endorsed list of projects so it can be determined which among them may be pursued through the public-private partnership (PPP) mode, as the country opens up to private sector participation in infrastructure projects. Adoracion Navarro,… Read More
Globe on track with 5G rollout by 2019
July 27, 2018, 8:15 pm
MANILA -- Globe Telecom is gearing up for its deployment of fifth generation (5G) wireless technology by the second quarter of next year amid ongoing improvements of its network. The telco firm said upgrades are currently being done on its network which includes radio, transmission, core, and… Read More
PSEi, PHP ends week up on rate hike expectations
July 27, 2018, 8:09 pm
MANILA -- The Philippine Stock Exchange index (PSEi) rose for the fourth day in a row Friday and the Peso recovered against the US dollar on investors' expectations of more hikes by the Bangko Sentral ng Pilipinas (BSP) on its key rates, among other factors. The main equities index went up by 0.46… Read More
No need to rush TRAIN 2: Solons
July 27, 2018, 7:59 pm
MANILA -- Lawmakers say they would rather take their time deliberating over the proposed Tax Reform for Acceleration and Inclusion Package 2 (TRAIN 2) while studying how to improve the country’s tax system. During the Makati Business Club (MBC) Forum Friday, House of Representatives chair for… Read More
PH leaps to 60th spot in Logistics Performance Index
July 27, 2018, 7:02 pm
MANILA -- The Philippines continues to improve its global ranking with the latest World Bank Logistics Performance Index (LPI) 2018 edition. From 71st spot in 2016, the country leaped to 60th among 160 countries ranked according to their trade logistics performance. “We are now reaping the… Read More
Belle Corp. nets P1.96-B in 6 months
July 27, 2018, 6:55 pm
MANILA -- Property and casino operator Belle Corp. announced Friday that its net income surged 11 percent in the first six months of 2018 on strong revenues from its gaming operations. In a disclosure to the stock exchange, Belle said its consolidated net income reached PHP1.96 billion in January… Read More
PH, US governments getting ready for FTA talks
July 27, 2018, 6:49 pm
MANILA -- The Philippine and United States governments are now making internal preparations ahead of formal talks on a possible expansion of trade relations, a senior trade official told reporters Friday. Department of Trade and Industry (DTI) Undersecretary Ceferino Rodolfo said the longtime… Read More
