Business
Analysts eye hikes in BSP rates in Q4
October 5 2017, 9:23 pm
MANILA, -- Rate of price increases in the Philippines posted a five-month high of 3.4 percent last September, firming up analysts’ projections for a central bank rate hike starting in the last quarter of 2017.In a research note, ING Bank Manila senior economist Joey Cuyegkeng said the uptick of… Read More
Boost Mindanao economy to make PH growth more inclusive: WB
October 5 2017, 8:59 pm
MANILA -- The World Bank (WB) is urging the Philippines to adopt a strategy on Mindanao to support sustainable peace and development and job creation, which are deemed crucial in pursuing sustained overall economic growth in the long term. “Mindanao is an important part of the Philippine… Read More
Peso stays flat vs USD; PSEi slids after posting new highs
October 5 2017, 7:12 pm
MANILA – The Philippine peso finished Thursday almost unchanged against the USD, partly due to the negative close of the Philippine Stock Exchange index (PSEi) a day after posting another record-high level.The local unit finished the day at 51.01 from the previous session's 51.00 close, which… Read More
Monetary officials confident 2017 inflation within gov't goal
October 5 2017, 6:23 pm
MANILA - - Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. remains confident that inflation will be within the government's target for this year amid the uptick to five-month high of 3.4 percent last September from the previous month’s 3.1 percent. In the first nine months… Read More
PCC ensures promoting competition in PH market
October 5 2017, 5:04 pm
MANILA -- The Philippine Competition Commission (PCC) has ensured to continue promoting competition in the local market as the country improved its ranking in the latest Global Competitiveness Report of the World Bank. In a statement Thursday, PCC Chairman Arsenio Balisacan said the country’s… Read More
Trade expo opens Oct. 6; showcases MSME products
October 5 2017, 3:21 pm
ZAMBOANGA CITY -- Small and Medium Enterprises (SMEs) coming from the provinces of Basilan, Sulu, and Tawi-Tawi, and the neighboring country of Indonesia will have the chance to showcase their products at the annual trade exhibit here. Dubbed as Zamboanga Peninsula Exposition (ZAMPEX), the exhibit… Read More
PH integrates economic growth, sustainable dev’t
October 5 2017, 9:25 am
MANILA -- The government is integrating efforts to ensure sustainable path to the country’s development plan and long-term vision to make growth more inclusive. Socioeconomic Planning Secretary Ernesto Pernia said poverty and inequality in the country still persist despite exhibiting consistent… Read More
Industrialization of agri sector needed: ex-DA chief
October 4 2017, 11:26 pm
MANILA -- The Philippines must accelerate modernization and industrialization in the agricultural sector to cope with globalization. This was the statement Wednesday made by former Agriculture Secretary William Dar in his closing remarks at the culmination of the ASEAN Agriculture Summit held at… Read More
PSEi surges to new high; peso stays strong
October 4 2017, 8:52 pm
MANILA - - Philippine Stock Exchange index (PSEi) surged to a new high Wednesday while the peso stayed firm as investors noted the negative external developments. PSEi rose 0.37 percent, or 31.12 points, to 8,344.05 points. The broader All Shares followed with a 0.32 percent, or 15.84 points,… Read More
NegOcc rice farmers get P36.7-M payment from PCIC
October 4 2017, 7:25 pm
BACOLOD CITY -- The Philippine Crop Insurance Corp. (PCIC) has paid almost PHP36.7 million in indemnity claims to rice farmers in Negros Occidental from January to September this year. Records of the PCIC as of Wednesday showed the claims were received by 7,446 rice farmers covering an area of… Read More
Tenders for TDF rise on Wednesday
October 4 2017, 7:14 pm
MANILA -- Tenders for the Bangko Sentral ng Pilipinas' (BSP) Term Deposit Facility (TDF) rose substantially during Wednesday's auction.Data released by the central bank showed tenders for seven-day TDF reached PHP53.545 billion, higher than the PHP40 billion offering and last week's PHP27.785… Read More
British chamber to promote PH in UK roadshow
October 4 2017, 6:54 pm
MANILA -- The British Chamber of Commerce Philippines (BCCP) will promote the Philippines as an investment destination for United Kingdom-based companies during the Britain in Southeast Asia (BISEA) Roadshow next week. BCCP Chairman Chris Nelson, in a briefing Wednesday, said he will represent the… Read More
DTI wants to keep foreign equity limit on retail trade
October 4 2017, 5:35 pm
MANILA -- The Department of Trade and Industry (DTI) “may agree” to lower the USD2.5-million minimum paid-up capital for foreign investors to participate in retail trade activities in the country, but the agency would still want to keep foreign equity restrictions in the sector. DTI Secretary… Read More
PH still among fastest-growing economies in East Asia
October 4 2017, 5:25 pm
MANILA -- The Philippines will continue to be one of the fastest-growing economies in East Asia and the Pacific in the next two years despite political noise, World Bank’s latest estimates showed.This, even as the Bank revised its forecast growth for the Philippine economy for 2017 to 6.6… Read More
SRA abolition possible thru legislation: Villar
October 4 2017, 2:45 pm
MANILA -- Senator Cynthia Villar on Wednesday said the proposed abolition of the Sugar Regulatory Administration (SRA) can be done through legislation. “SRA was created by a legislation, so a legislation will remove the SRA,” said Villar, chairperson of the Senate Committee on Agriculture and… Read More
Ombudsman clearance applications now accepted at Palawan mall
October 4 2017, 11:21 am
PUERTO PRINCESA CITY, Palawan -- Government employees here no longer need to fly to Manila to get an Ombudsman clearance. Applications and payments for Ombudsman clearances can now be filed at the newly opened SM Puerto Princesa. Russell Fernandez, public relations officer of SM City Puerto… Read More
DTI to equally test local and imported cement
October 3 2017, 8:43 pm
MANILA -- The Department of Trade and Industry (DTI) plans to apply equal testing procedures for local cement manufacturers and importers. DTI Secretary Ramon Lopez told reporters that his agency has ongoing consultations with cement producers and importers to improve the current department… Read More
PH to issue Panda bonds by Nov.
October 3 2017, 8:38 pm
MANILA -- National Treasurer Rosalia de Leon said Tuesday the government is focused on issuing its first renminbi-denominated Panda bond this year and is discounting any plan to issue other debt instruments overseas.“For now, we're really working on the Panda market. We're not coupling it with… Read More
PSEi up anew, peso stays firm vs USD
October 3 2017, 7:04 pm
MANILA --- The Philippine Stock Exchange index (PSEi) registered an uptick of 0.69 percent, or 56.65 points, to 8,312.93 points, which a trader pointed to profit taking.The broader All Shares followed with the 0.51 percent, or 24.64 points, increase to 4,892.00 points.Most of the sectors… Read More
Gov’t needs to support innovators
October 3 2017, 7:02 pm
MANILA -- The government needs to have a champion for developing stronger policies and interventions to support and encourage innovations, which are applied to products and services meant to boost economic growth. In a discussion paper, Philippine Institute for Development Studies (PIDS)… Read More
