Online corporate registration system launched

MANILA -- The Securities and Exchange Commission (SEC) on Tuesday launched a new online system that ensures quick and easy registration of new corporations in a bid to further improve the ease of doing business in the country.The Company Registration System (CRS) will replace and discontinue the use... Read More

SEC to impose 20% minimum public float next month

MANILA -- In a bid to attract more investments into the capital market, the Securities and Exchange Commission (SEC) will double the minimum public float requirement for companies planning to conduct an initial public offering (IPO) to 20 percent starting next month.“SEC has approved the rules... Read More

Peso joins regional rally vs. USD; PSEi down on risk-off sentiment

MANILA - - The Philippine peso tracked the regional rally Tuesday and continued to gain against the greenback even amid some risk-off sentiment, which disadvantaged the Philippine Stock Exchange index (PSEi).The peso finished the day at 50.74 from Monday's 50.79 finish, which a trader pointed to... Read More

Skipjack production rises amidst dull fisheries showing

MANILA --The country's July-September production of skipjack grew further in 2017 despite Philippine fisheries sub-sector's general downturn then.This year's skipjack production volume reached almost 61,000 metric tons - up from the 59,000 metric tons in 2016, according to the latest available... Read More

DTI issues new cement testing rules

MANILA -- The Department of Trade and Industry (DTI) has amended a Department Administrative Order (DAO) on cement products, which now harmonizes testing process for importers and producers.The DAO 17-06, or the New Rules and Regulations Concerning the Mandatory Certification of Portland Cement and... Read More

More companies apply as virtual currency transaction conduits

MANILA -- More companies are interested to be part of the virtual currency (VC) transactions in the Philippines, Bangko Sentral ng Pilipinas (BSP) Gov. Nestor A. Espenilla Jr. said.To date, the central bank has approved the operations of two companies that have applied to be able to transact VCs.... Read More

Vista Land raises USD350-M bonds

MANILA -- Vista Land & Lifescapes, Inc., the listed property developer owned by the Villar family, returned to offshore markets as it successfully raised USD350 million worth of bonds through its wholly-owned subsidiary, VLL International Inc. Vista Land on Monday announced a new seven‐year... Read More

Cargo sector to see smarter warehouses, drones, new alliances

SINGAPORE/Medianet International-AsiaNet/ -- Internet of Things (IoT) and voice Artificial Intelligence (AI)-enabled smart devices and systems, warehouse drones, andstrategic alliances between airlines and distributors will be key to the airfreight industry capitalizing on the e-commerce market,... Read More

ASEAN industry players to adopt document boosting printing sector

MANILA -- Printing industry players in the 10 member states of the Association of Southeast Asian Nations (ASEAN) will adopt a document to boost the sector in the region.During the first ASEAN Printing Forum in Manila, printing industry stakeholders are expected to sign on Wednesday a statement... Read More

No overheating of PH economy: Espenilla

MANILA – Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. on Tuesday said there is no overheating yet of the Philippine economy since fundamentals remain strong and are supportive of sustained domestic expansion. “We do not believe that we are there yet and we remain... Read More

APEC economy seen to outpace global growth

MANILA -- The 21- Asia Pacific Economic Cooperation (APEC) economies would continue to outpace the global economic growth, the APEC Policy Support Unit said Tuesday.In its APEC Regional Trade Analysis, combined gross domestic product (GDP) of the member economies is seen to grow at 3.9 percent at... Read More

Oil prices decline ahead of OPEC meeting

NEW YORK -- Oil prices declined on Monday as investors became cautious ahead of an OPEC (Organization of the Petroleum Exporting Countries) meeting next week.OPEC and other key oil producers will meet on Nov. 30 to discuss whether to extend the current price-supporting curbs on crude output.The... Read More

Seaweed farm gate price up

MANILA -- Average July-September farm gate price of seaweed rose this year to its highest level since 2015, fueled by traders' higher buying price.The price per kilogram of seaweed reached PHP5.83 in 2017, surpassing last year's PHP4.32 and 2015's PHP5.07, latest data from Philippine Statistics... Read More

Strong RE demand fuels AboitizPower's hydropower business

MANILA – Backed by a strong demand for renewable energy (RE), AboitizPower continues to ramp up its portfolio of generation facilities across the Philippines.AboitizPower's subsidiary, SN AboitizPower (SNAP), has just completed the commissioning of its 8.5-megawatt (MW) Maris Main Canal 1... Read More

13th Fuel Economy Run ongoing in Clark

MANILA -- The Department of Energy's (DOE) Fuel Economy Run 2017 takes place in Clark, Pampanga on November 20-21.In cooperation with Petron Corporation, the annual event under the DOE's E-Power Mo campaign is part of the department's mandate of informing the public on the fuel efficiency of... Read More

Megaworld eyes P9-B from sale of commercial lots in Cavite

MANILA -- Property developer Megaworld Corp. expects to generate PHP9 billion from the sale of lots in a new business district within its township project in General Trias, Cavite.Megaworld is building the 35-hectare ‘Maple Grove Commercial District, which offers 363 prime lots for companies... Read More

APEC urged to boost capacity building for FTA/RTA negotiations

MANILA -- Member economies of the Asia-Pacific Economic Cooperation (APEC), including the Philippines, need to ensure the continuous strengthening of capacity building on negotiations for regional trade agreements (RTA) and free trade agreements (FTA).In a policy note, Philippine Institute for... Read More

Peso, share prices start week with gains

MANILA - - Both the Philippine peso and the Philippine Stock Exchange index (PSEi) displayed a stiff stance on Monday.The local currency finished the week’s first trading day up by 16 centavos to 50.79 against the US dollar from 50.95 close Friday last week.This improvement did not show when... Read More

Repo market launch set on Nov. 27

MANILA -- The Securities and Exchange Commission (SEC) has approved the self-regulatory organization (SRO) for the planned repo market, eyed for implementation in the next 18 months.BangkoSentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. told reporters Monday that monetary officials... Read More

DOTr reviews joint consortium’s dev’t proposal for Clark Airport

MANILA -- The Department of Transportation (DOTr) and the Bases Conversion and Development Authority (BCDA) will review the unsolicited proposal submitted by Filinvest Development Corporation and JG Summit Holdings for the development of the Clark International Airport.This as both agencies are set... Read More