Business

BTr partially awards 5-yr T-bond

BTr partially awards 5-yr T-bond

October 9, 2018, 5:27 pm

MANILA -- The Bureau of the Treasury (BTr) on Tuesday partially awarded the five-year Treasury bond (T-bond) as investors continue to ask for high yields. The average rate of the debt paper rose to 7.342 percent, higher than the 5.902 percent it fetched during the auction last August 14.… Read More

DBP, GenTri tie up to ease business processes

DBP, GenTri tie up to ease business processes

October 9, 2018, 3:52 pm

GENERAL TRIAS CITY, Cavite -- Residents and business owners here can now pay their real property tax dues through debit, credit and prepaid cards “anytime, anywhere” online. This, after the city government of General Trias partnered with the Development Bank of the Philippines (DBP) to avail… Read More

PH still 'interesting market' for ITBPO firms: IBPAP

PH still 'interesting market' for ITBPO firms: IBPAP

October 9, 2018, 3:52 pm

MANILA -- The Philippines continues to be an interesting market for information technology and business process outsourcing (ITBPO) companies, IT and Business Process Association of the Philippines (IBPAP) President Rey Untal said. Untal said in a briefing Tuesday that there are incoming locators… Read More

5 firms bid for third telco: DICT

5 firms bid for third telco: DICT

October 9, 2018, 11:49 am

MANILA -- Five companies have submitted bidding documents for the awarding of the new major player in the local telecommunications industry as the Department of Information and Communications Technology (DICT) have started the selection process on Monday. Among the companies that expressed their… Read More

PH T-bill rates up again

PH T-bill rates up again

October 9, 2018, 6:42 am

MANILA -- The rate of Philippine Treasury bills (T-bills) rose across the board on Monday, with the auction committee awarding in full the 91-day paper after three consecutive weeks of rejection. The rate of the bellwether 91-day T-bill rose to 4.404 percent from 3.549 percent during the auction… Read More

Globe to deploy cell sites on major roads in Metro Manila

Globe to deploy cell sites on major roads in Metro Manila

October 9, 2018, 6:08 am

MANILA – Globe Telecom will be deploying cell sites on major thoroughfares across Metro Manila as part of efforts to improve its mobile services. This, as Globe has recently signed an agreement with the Metropolitan Manila Development Authority (MMDA) for the installation of more than 120 small… Read More

Another oil price hike set Tuesday amid surging world crude prices

Another oil price hike set Tuesday amid surging world crude prices

October 8, 2018, 9:42 pm

MANILA – Another significant increase in local pump prices is set Tuesday, days after international benchmark Dubai Crude breached the USD80 per barrel level, triggering speculation that simmering geo-political tensions will once again push it to the USD100 per barrel level before yearend. In… Read More

Gov’t okays price setting, ceiling for agri products

Gov’t okays price setting, ceiling for agri products

October 8, 2018, 9:20 pm

MANILA – Trade Secretary Ramon Lopez said Monday he has the support of the National Food Authority (NFA), Sugar Regulatory Administration (SRA), and Department of Agriculture (DA) for price setting and price ceiling schemes on certain agricultural products. The Department of Trade and Industry… Read More

Private enterprise urged to play key role in sustainable dev’t

Private enterprise urged to play key role in sustainable dev’t

October 8, 2018, 8:45 pm

MANILA – The country's business leaders encouraged fellow stakeholders in industry to invest in infrastructure that will support climate change resilience and sustainable development. Citing the Sendai Framework for Disaster Risk Reduction, SM Prime Holdings Chairman Hans Sy noted that having an… Read More

DOF, JICA sign agreement on eco-airport project

DOF, JICA sign agreement on eco-airport project

October 8, 2018, 8:43 pm

MANILA – The further expansion of the New Bohol Airport, or the Bohol-Panglao International Airport, is now underway following the signing by the Department of Finance (DOF) and the Japan International Cooperation Agency (JICA) of a supplemental loan agreement that will fund what is being touted… Read More

Peso stays strong but local shares weaken

Peso stays strong but local shares weaken

October 8, 2018, 7:34 pm

MANILA -- The Philippine peso ended against the US dollar firm on Monday but the Philippine Stock Exchange index (PSEi) fell as investors digest news overseas, such as the one percent cut in Chinese banks’ reserve requirements ratio (RRR). The local currency finished the week’s first trading… Read More

Shipping firm bids for Sasa Port modernization project

Shipping firm bids for Sasa Port modernization project

October 8, 2018, 4:44 pm

MANILA -- Shipping firm Chelsea Logistics Holding Corporation (CLC) is eyeing to bid for the modernization of the Sasa port in Davao City as it submitted a unsolicited proposal to rehabilitate and expand port facilities to the Department of Transportation (DOTr). “If we look at the state of the… Read More

Month-on-month inflation slowing down: DTI chief

Month-on-month inflation slowing down: DTI chief

October 8, 2018, 4:30 pm

MANILA -- Department of Trade and Industry (DTI) Secretary Ramon Lopez on Monday said the pace of increase in prices of goods and services month-on-month has already slowed down. Although year-on-year inflation for September rose to 6.7 percent this 2018 from 3 percent in 2017, inflation last… Read More

Excise tax on oil to be invested in social services

Excise tax on oil to be invested in social services

October 8, 2018, 4:27 pm

MANILA -- Despite the call to suspend the excise tax on petroleum products under the Tax Reform for Acceleration and Inclusion (TRAIN) law, economic managers will continue to implement the policy, Trade Secretary Ramon Lopez said Monday. In an interview, Lopez said the tax collection from this… Read More

Bacolod City ‘Most Business-Friendly LGU’ nat’l finalist anew

Bacolod City ‘Most Business-Friendly LGU’ nat’l finalist anew

October 8, 2018, 3:07 pm

BACOLOD CITY -- The Philippine Chamber of Commerce and Industry (PCCI) has again included Bacolod City in the finalists’ roster of this year’s Most Business-Friendly Local Government Unit (LGU) Awards under the City Level 1 Category. Mayor Evelio Leonardia in a statement on Sunday said he was… Read More

Homegrown Mindanao products on sale in Makati

Homegrown Mindanao products on sale in Makati

October 7, 2018, 8:03 pm

MANILA — Homegrown products from numerous micro, small, and medium enterprises (MSMEs) from Mindanao are on display at Glorietta 3, Makati City for a four-day Mindanao Trade Expo (MTE) until Oct. 9. Yvette Marie Celi Punzalan, MTE Foundation Inc. board of director, said the 2018 expo features… Read More

Chelsea Logistics eyes 6 more new vessels

Chelsea Logistics eyes 6 more new vessels

October 7, 2018, 7:48 pm

MANILA -- Chelsea Logistics Holding Corporation (CLC) is eyeing to acquire six new sea vessels, as it expands its fleet operations in the country. The company will invest around USD100 million for the acquisition of the vessels, CLC President and Chief Executive Officer Chryss Alfonsus Damuy said… Read More

PH needs to solve supply constraints to hit exports target: DTI

PH needs to solve supply constraints to hit exports target: DTI

October 7, 2018, 10:17 am

MANILA -- The Philippines has to address the supply constraints in raw materials that limit the output of exporters in order to achieve the 8 percent to 9 percent exports growth target for this year, the country’s top trade official said. In an interview Friday, Department of Trade and Industry… Read More

Local markets treat inflation report as 'non-event'

Local markets treat inflation report as 'non-event'

October 5, 2018, 8:27 pm

MANILA – The Philippine Peso ended the week on a better footing against the greenback but the main equities gauge fell modestly. The local currency finished the trade at 54.23 from 54.32 a day ago, which a trader pointed to below-expected 6.7 percent inflation rate last September. Data released… Read More

Economist forecasts slower inflation

Economist forecasts slower inflation

October 5, 2018, 8:10 pm

MANILA -- An economist of ING Bank NV Manila said the spike in inflation is likely to taper off by end-2018 partly because of government efforts to address the food supply issue, which contributed substantially to the abnormal rate of price increases in recent months. In a report, ING Bank NV… Read More