Business

NEDA chief pushes for rules-based investment regime

NEDA chief pushes for rules-based investment regime

November 26, 2017, 3:42 pm

MANILA -- The country’s chief economist is pushing for the establishment of rules-based investment regime and environment conducive to developing the digital economy to ensure robust economic growth benefits most Filipinos even amid technological change. Socioeconomic Planning Secretary and… Read More

Century Properties Group forays into leisure, tourism

Century Properties Group forays into leisure, tourism

November 26, 2017, 3:37 pm

MANILA -- Real estate developer Century Properties Group (CPG) is developing a 54-hectare property into an art park and retirement community in Nasugbu, Batangas, as it forays into the leisure and tourism sector. The Batulao Artscapes, dubbed as the world’s first livable art park and… Read More

Petron Wack-Wack to face sanctions if found violating safety rules

Petron Wack-Wack to face sanctions if found violating safety rules

November 26, 2017, 9:13 am

MANILA -- The Department of Energy (DOE) said it would penalize the management of the Petron gasoline station in Barangay Wack-Wack in Mandaluyong City if proven that the branch violated safety rules after a fire razed the station on Friday afternoon. "The DOE will not hesitate to impose sanctions… Read More

1st ChemExpo attracts Chinese bizmen, 1st-time PH investors

1st ChemExpo attracts Chinese bizmen, 1st-time PH investors

November 25, 2017, 7:08 pm

MANILA -- Chemical companies mostly from China and first-time investors in the country are taking part in the 1st ChemExpo 2017, which runs from Nov. 24 to 26 at the Hall D of the World Trade Center in Pasay City. A total of 82 exhibitors featuring agricultural chemicals, pesticides, electronics… Read More

Moody's upgrades PNB, RCBC ratings

Moody's upgrades PNB, RCBC ratings

November 24, 2017, 6:48 pm

MANILA  -- Debt watcher Moody’s Investors Service has upgraded its ratings on the Philippine National Bank (PNB) and Rizal Commercial Banking Corp. (RCBC), citing the government’s ability to help financial institutions if needed and the stable domestic operating environment. In a statement,… Read More

BSP need not mirror Fed decisions: Espenilla

BSP need not mirror Fed decisions: Espenilla

November 24, 2017, 6:06 pm

MANILA -- The Bangko Sentral ng Pilipinas (BSP) need not follow what the Federal Reserve does since these central banks have different factors to consider in implementing their monetary policies, BSP Governor Nestor A. Espenilla Jr. said Friday.Minutes of the Federal Open Market Committee (FOMC)… Read More

D&L to expand Batangas facilities to boost exports

D&L to expand Batangas facilities to boost exports

November 24, 2017, 5:56 pm

MANILA -- D&L Group, listed manufacturer of specialty foods ingredients, plans to build manufacturing facilities in Tanauan, Batangas, as it embarks on an expansion drive to boost capacity and grow its export business.D&L Executive Vice-President and Chief Financial Officer Alvin Lao said the… Read More

 Organic farming eyed as growth driver in Leyte

Organic farming eyed as growth driver in Leyte

November 24, 2017, 5:53 pm

TACLOBAN CITY -- The local government here is stepping up organic farming training in the province as part of the post-Yolanda recovery. Leyte Governor Leopoldo Dominico Petilla said 135 farmers groups have been trained on production of high value commercial crops and organic farming. “Even in… Read More

BPI lists 5.5-yr LTNCTDs due 2023

BPI lists 5.5-yr LTNCTDs due 2023

November 24, 2017, 5:38 pm

MANILA -- Ayala-led Bank of the Philippine Islands (BPI) on Friday listed with the Philippine Dealing Exchange Corp. (PDEx) its PHP12.2 billion 5.5-year Long-Term Negotiable Certificates of Time Deposit (LTNCTDs),  proceeds of which is eyed to help boost the government’s infrastructure program.… Read More

BOI okays P46-M plastic pellets project

BOI okays P46-M plastic pellets project

November 24, 2017, 4:15 pm

MANILA -- The Board of Investments (BOI) has registered Portal Steels, Inc. as a new producer of plastic pellets for exports. Portal Steels invested some PHP46.3 million for a plastic pellet plant in Carmona, Cavite, in which commercial operation is set to start next month. The facility has an… Read More

Biz prospects in PH promising, Spanish envoy says

Biz prospects in PH promising, Spanish envoy says

November 24, 2017, 2:23 pm

MANILA – Trade relations between the Philippines and Spain in the areas of transportation, education technology and renewable energy are flourishing and fruitful, Spain's economic attaché said. Pedro Pascual of the Economic and Commercial Counsellor of the Embassy of Spain in Manila cited the… Read More

Ministop now accepts G-Cash scan-to-pay e-payments

Ministop now accepts G-Cash scan-to-pay e-payments

November 24, 2017, 1:08 pm

MANILA -- Convenience store chain Ministop has partnered with Globe G-Cash to accept electronic payments for products and services through the use of (Quick Response) QR codes. The initiative will help promote the benefits of cashless payments in the country, according to Globe Telecom. “We are… Read More

Enhanced workforce behavioral skills to boost employability: WB

Enhanced workforce behavioral skills to boost employability: WB

November 24, 2017, 1:07 pm

MANILA -- The Philippines needs to strengthen behavioral skills of its workforce to achieve employability and compete in the global economy, the World Bank (WB) said. The WB made the recommendation following the release Thursday of a study titled “Developing Socioemotional Skills for the… Read More

PH eyes rollout of more ICT infrastructure

PH eyes rollout of more ICT infrastructure

November 24, 2017, 12:57 pm

MANILA -- The government is pushing for a faster roll-out of information communications technology (ICT) infrastructure for various sectors of the economy to meet growing demand and strengthen inclusivity. “ICT has the power to foster inclusivity, enable security and efficiency, as well as… Read More

DOTr still considering Sumitomo as MRT maintenance provider

DOTr still considering Sumitomo as MRT maintenance provider

November 24, 2017, 9:46 am

MANILA -- The Department of Transportation (DOTr) has clarified that Sumitomo Corporation is still being considered as the maintenance provider for the Metro Rail Transit Line 3 (MRT-3) system. This as the DOTr is currently involved in discussions with potential and qualified partners that can… Read More

PH performs well in PPP projects: ADB

PH performs well in PPP projects: ADB

November 24, 2017, 9:17 am

MANILA -- The Asian Development Bank (ADB) said the Philippines had a total of 119 projects under public-private partnership (PPP) since the government enacted the Build-Operate-Transfer (BOT) Law in 1990. ADB's PPP Monitor, its first annual report monitoring progress of PPP environment in member… Read More

Budget gap for  '17 may fall below target on rise of revenues

Budget gap for '17 may fall below target on rise of revenues

November 23, 2017, 9:00 pm

MANILA - -  Economic managers predict that the PHP482.1 billion budget deficit ceiling for 2017 may not be achieved partly because of sustained improvement in revenue collections. Data released by the Bureau of the Treasury (BTr) Thursday showed that revenues as of end-October this year rose by… Read More

Korea's Ssangyong Rodius, Kia Picanto most fuel-efficient vehicles

Korea's Ssangyong Rodius, Kia Picanto most fuel-efficient vehicles

November 23, 2017, 7:46 pm

MANILA -- Korean vehicles Ssangyong Rodius and Kia Picanto emerged as the most fuel-efficient in the diesel and gasoline categories, respectively, in the 13th DOE Fuel Economy Run held in Clark, Pampanga last November 21-22. Ssangyong Rodius, a sports or service utility vehicle (SUV), bested 25… Read More

Ayala Land lists P3.1-B short-dated notes on PDEx 

Ayala Land lists P3.1-B short-dated notes on PDEx 

November 23, 2017, 12:46 pm

MANILA – Ayala Land Inc. (ALI) has enrolled fixed-rate short-dated notes amounting to PHP3.1 billion at Philippine Dealing Exchange Corp. (PDEx) Thursday. 
 The  short-dated notes, ALI's second issuance this year, have maturity period of 1.25 years due on February 23, 2019, with interest rate… Read More

Eagle Cement breaks ground on P12.5-B plant in Cebu

Eagle Cement breaks ground on P12.5-B plant in Cebu

November 23, 2017, 8:54 am

MANILA -- Listed Eagle Cement Corporation (Eagle) has started constructing its PHP12.5-billion cement plant in Malabuyoc, Cebu as part of its expansion binge particulalrly in the Visayas and Mindanao. Eagle told the local bourse the 2-million metric ton integrated cement manufacturing plant, port… Read More