Business
Nat'l ID, rice tariffs to complement TRAIN mitigation measures
May 30, 2018, 8:02 pm
MANILA -- The government is accelerating the rollout of social mitigation measures such as unconditional transfers (UCTs) and fuel vouchers, which need to be complemented by the enactment into laws of a national ID system and the lifting of restrictions on rice imports, to further ease the impact… Read More
92% of CEOs in PH positive about local business conditions
May 30, 2018, 6:09 pm
MANILA -- Top executives across the country remain optimistic about prevailing business conditions, as indicated by the Oxford Business Group (OBG) Business Barometer: Philippines CEO Survey for 2018. The report revealed that 92 percent of 130 surveyed C-suite executives have positive or very… Read More
PH contact centers to ‘re-forecast’ growth
May 30, 2018, 4:14 pm
MANILA -- The Contact Center Association of the Philippines (CCAP) may need to “re-forecast” its industry growth outlook until 2022, as its current growth projection has not yet considered the impact of policy reforms here and abroad. In a media briefing Wednesday, CCAP Chairman Benedict… Read More
Bacolod bizmen say Ease of Doing Business Act to spur economic growth
May 30, 2018, 4:10 pm
BACOLOD CITY -- A business leader here said the Ease of Doing Business Act will encourage the private sector to contribute to economic growth as it removed the hassles commonly encountered by entrepreneurs. Frank Carbon, chief executive officer of Metro Bacolod Chamber of Commerce and Industry,… Read More
Bureau of Agri Research boosts R&D support for native animals
May 30, 2018, 2:16 pm
MANILA -- The Bureau of Agricultural Research (BAR), in partnership with the Bureau of Animal Industry-National Swine and Poultry Research and Development Center (BAI-NSPRDC), is intensifying its research and development (R&D) to develop technologies that will address conservation,… Read More
Driver shortage, regulatory constraint caused surge in fares: Grab
May 30, 2018, 12:16 pm
MANILA -- Ridesharing firm Grab Philippines has attributed the surge on its fares to the lack of supply of transportation network vehicle services (TNVS) units amid increasing passenger demand. Grab made the statement following concerns aired by the Philippine Competition Commission (PCC) that its… Read More
NTC crafts guidelines cutting call, SMS rates
May 30, 2018, 11:09 am
MANILA -- The National Telecommunications Commission (NTC) has crafted measures that would make calls and text messaging more affordable. In a statement, the Department of Information and Communications Technology (DICT) said the NTC has come up with a memorandum circular lowering interconnection… Read More
Rules for new telco player up for review: DICT
May 30, 2018, 9:45 am
MANILA -- The terms of reference (TOR) setting the guidelines for the entry of a new major telecommunications player is yet to be approved by an oversight committee created by President Rodrigo R. Duterte. The Department of Information and Communications Technology (DICT) said a number of issues… Read More
Blockchain in gov’t offices to spur technology growth
May 29, 2018, 7:34 pm
MANILA -- Use of the blockchain system in government offices will facilitate faster growth of the technology in the country, an executive of the newly-created group Blockchain Association Philippines (BAP) said. On the sidelines of the Blockchain Application and Economic Forum 2018 in Taguig City… Read More
School supplies in W. Visayas within suggested price range
May 29, 2018, 6:43 pm
ILOILO CITY -- Prices of school supplies in Western Visayas were found to be within the Department of Trade and Industry's (DTI) Suggested Retail Price (SRP), according to its regional office here. In an interview Tuesday, Felisa Judith Degala, chief of the Consumer Protection Division of DTI-6… Read More
Competitiveness ranking dip a wake up call, but false alarm
May 29, 2018, 5:35 pm
MANILA -- The Department of Finance (DOF) on Tuesday said that the country's nine-notch drop in competitiveness ranking could serve as a "wake-up call", but the assessment done by Swiss business school IMD was not backed up by actual data. The IMD World Competitiveness Report showed that the… Read More
USD5-B 'New Center' in Clark Global City launched
May 29, 2018, 5:03 pm
CLARK FREEPORT —- The Udenna Development Corp. (UDEVCO) on Tuesday launched the New Center, a $5-billion project which is appropriately envisioned to be the “new center” of business, life and innovation in the Clark Global City. The fast-growing conglomerate has reportedly completed its… Read More
Negrense exhibitors earn P18-M at IFEX Philippines 2018
May 29, 2018, 4:22 pm
BACOLOD CITY -- Exhibitors from Negros Occidental took home some PHP18 million in sales in the just-concluded three-day International Food Exposition (IFEX) Philippines 2018 held at the World Trade Center in Pasay City. This year’s sales represents a 500 percent increase from the previous… Read More
DOF: Higher domestic demand driving up inflation
May 29, 2018, 4:17 pm
MANILA -- A significant portion of April's inflation uptick was attributed to higher domestic demand, driven by greater disposable income resulting from personal income tax (PIT) cuts, the unconditional cash transfer program, the free tuition in State Universities and Colleges (SUCs), and the… Read More
DTI welcomes Ease of Doing Business Act
May 29, 2018, 2:31 pm
MANILA -- The Department of Trade and Industry (DTI) welcomed the enactment of Republic Act (RA) 11032 otherwise known as the Ease of Doing Business (EODB) and Efficient Government Service Delivery Act of 2018 which was signed into law by President Rodrigo Duterte on Monday evening. The EODB Act… Read More
Robinsons earmarks up to P3.5-B for capex in 2018
May 29, 2018, 9:22 am
MANILA -- Robinsons Retail Holdings, Inc. (RRH) has earmarked PHP3 billion to PHP3.5 billion for capital expenditures (capex) this year, higher than its 2017 spending of PHP3.1 billion. RRHI Robina Gokongwei-Pe made this announcement during the listed firm’s annual stockholders’ meeting… Read More
JG Summit units hit by Boracay closure, TRAIN
May 28, 2018, 8:27 pm
MANILA -- Business units of Gokongwei-led JG Summit Holdings, Inc. were hit hard by the shutdown of Boracay island and the implementation of Tax Reform for Acceleration and Inclusion (TRAIN) law this year, according to a report by top management. During the firm’s annual stockholders’ meeting,… Read More
T-bills fetch lower rates
May 28, 2018, 8:12 pm
MANILA -- Treasury bills (T-bills) fetched lower yields on Monday's auction, prompting the Bureau of Treasury (BTr) to award the PHP15-billion debt papers in full. Average rate for the 91-day T-bills settled at 3.300 percent. Tenders reached PHP13.8 billion, which is more than twice oversubscribed… Read More
Oil firms hike fuel pump prices Tuesday
May 28, 2018, 7:59 pm
MANILA -- Pump prices in the Philippines will go even higher when another oil price hike takes effect Tuesday (May 29). This is set to happen amid calls to suspend excise taxes levied on petroleum products to mitigate surging local prices which was triggered by a lingering volatility in the world… Read More
DTI allocates P350-K for Silay City coffee processing project
May 28, 2018, 7:30 pm
BACOLOD CITY -- The Department of Trade and Industry (DTI) has allocated PHP350,000 to fund the coffee processing project in Silay City, Negros Occidental under the agency’s shared service facility (SSF) initiative. The amount is part of DTI's almost PHP6.2 million allocation under its regular… Read More
