Business
DTI: Higher senior, PWD discount on basic goods order starts March 25
March 21, 2024, 5:20 pm
MANILA — The Department of Trade and Industry (DTI) targets to publish on Monday the new joint administrative order (JAO) on higher discount on basic necessities and prime commodities (BNPCs) for senior citizens and persons with disabilities (PWDs). In a press conference in Makati City Thursday,… Read More
Recto: PH records budget surplus in Jan-Feb 2024
March 20, 2024, 10:00 pm
MANILA – Department of Finance (DOF) Secretary Ralph Recto said preliminary data showed that the national government has posted a budget surplus in the first two months of the year. "As of today, for the last two months and a half, our revenues are 20 percent up year-on-year (YOY) while spending… Read More
New energy think tank launched
March 20, 2024, 7:57 pm
MANILA – The Center for Energy Research and Policy (CERP) was launched on Wednesday as a new think tank that aims to craft policy recommendations for the country’s energy sector. The CERP is spearheaded by lawyer Noel Baga, who worked as executive assistant at the Department of Energy (DOE)… Read More
PSEi takes cues from US markets, peso depreciated
March 20, 2024, 7:55 pm
MANILA – Philippine shares improved on Wednesday, reflecting United States’ markets, while the local currency dropped for the second trading day. The Philippine Stock Exchange index (PSEi) gained 0.12 percent, closing at 6,856.77, while All Shares increased by 0.16 percent to 3,572.10.… Read More
Next round of EU-PH FTA eyed in Q3 2024
March 20, 2024, 4:17 pm
MANILA – After the announcement of the Philippines and the European Union (EU) to resume negotiations for a bilateral free trade agreement, a senior government official said on Wednesday they are eyeing to resume the formal discussions by the third quarter of 2024. “We are targeting third… Read More
First BOI-registered shipyard in Leyte to fully operate mid-2024
March 20, 2024, 4:11 pm
MANILA – The Board of Investments (BOI) said Wednesday that the full operations of IMP Shipyard and Port Services, Inc. in Albuera, Leyte will start in the middle of this year. IMP is the first BOI-registered shipyard project in Leyte, which qualifies for the Tier I of the Strategic Investment… Read More
Taiwan pushes for more renewable energy investments
March 20, 2024, 1:02 pm
TAIPEI, Taiwan – Taiwan is encouraging cities worldwide to be proactive in promoting renewable energy investments to address the impact of climate change. This comes as the island’s government implements policies to reduce greenhouse gas emissions and transition towards environmentally… Read More
PH posts $196-M deficit in February
March 20, 2024, 11:20 am Updated on March 20, 2024, 11:21 am
MANILA – The country's overall balance of payments (BOP) position posted a deficit of USD196 million in February. In a report released late Tuesday, the Bangko Sentral ng Pilipinas (BSP) said the deficit last month was lower than the USD895 million deficit recorded in February last year. "The… Read More
LEDAC calls for urgent passage of learning recovery bill
March 19, 2024, 8:07 pm
MANILA – The Legislative-Executive Development Advisory Council (LEDAC) has called for the passage of the Academic Recovery and Accessible Learning (ARAL) Program Act by June this year. In a statement on Tuesday, the National Economic and Development Authority (NEDA) said the proposed bill,… Read More
El Niño rushes shutdown of hydroelectric plants in Nueva Ecija
March 19, 2024, 7:46 pm
PANTABANGAN, Nueva Ecija – The impacts of the El Niño phenomenon could now be seen in the power sector as the suspension of hydroelectric power plants in Nueva Ecija could come in earlier than expected. The National Irrigation Administration (NIA) has forecast that the Pantabangan Reservoir… Read More
PSEi, peso shed on Tuesday
March 19, 2024, 6:45 pm
MANILA – Both the local shares and currency closed weaker on Tuesday. The Philippine Stock Exchange index (PSEi) shed 0.07 percent, closing at 6,848.43, while All Shares also declined by 0.12 percent to 3,566.48. Only Property and Financials recorded gains at 1.73 percent and 0.21 percent,… Read More
Blinken says CHIPS Act to bolster PH-US ties in semiconductor
March 19, 2024, 5:58 pm
MANILA — Visiting United States Department of State Secretary Antony Blinken said the "Creating Helpful Incentives to Produce Semiconductors" or CHIPS and Science Act will fortify the already strong ties between the Philippines and the US in thevsemiconductor industry. Blinken made the statement… Read More
BTr fully awards reissued T-bonds
March 19, 2024, 4:45 pm
MANILA – The Bureau of the Treasury (BTr) on Tuesday fully awarded the reissued 20-year Treasury bonds (T-bonds). The reissued T-bonds fetched an average rate of 6.189 percent, lower than the 6.250 percent coupon set upon the original issuance and the prevailing secondary market benchmark. The… Read More
LandBank records 42% growth in digital transactions in 2023
March 19, 2024, 3:15 pm
MANILA – State-run Land Bank of the Philippines (LandBank) recorded a 42-percent growth in the value of digital transactions last year. In a statement on Tuesday, LandBank said it facilitated a total of PHP8.8 trillion digital transactions in 2023 from PHP6.2 trillion in 2022. The total volume… Read More
PH-EU FTA negotiations to resume; FTA to boost trade by EUR6 billion
March 18, 2024, 9:14 pm
MANILA – The Philippines and the European Union (EU) on Monday formally announced that they will resume the negotiations for the Philippines-EU Free Trade Agreement (FTA). This was announced by Department of Trade and Industry (DTI) Secretary Alfredo Pascual and European Commission (EC)… Read More
Easing inflation, awareness campaign to boost insurance coverage
March 18, 2024, 9:06 pm
MANILA – Manulife Philippines is hoping that the projected easing of inflation this year and efforts to educate Filipinos about insurance costs will translate to increased availment. In a briefing in Makati City on Monday, Manulife Philippines chief marketing officer Sonali Verma said easing… Read More
PSEi rebounds on bargain-hunting, peso ends sideways
March 18, 2024, 8:03 pm
MANILA – Bargain-hunting lifted local shares while peso closed sideways at the start of this week’s trading. The Philippine Stock Exchange index (PSEi) closed at 6,853.29, gaining 30.97 points, or 4.5 percent. However, gains for this day’s trading still failed to bring back the index to the… Read More
First Gen eyes hydro power plants in N. Ecija to hit 400MW by 2028
March 18, 2024, 5:53 pm
PANTABANGAN, Nueva Ecija – Lopez-led First Gen Corp. aims to reach generating power capacity in its hydroelectric power plants (HEPPs) in this province to around 400 megawatts by 2028. This, as the company sees the completion of the 100 to 120-megawatt (MW) Aya Pumped-Storage Project in four… Read More
NAIA deal to boost foreign investments in PH
March 18, 2024, 5:53 pm
MANILA – The PHP170.6-billion Public-Private Partnership (PPP) agreement for the rehabilitation of the Ninoy Aquino International Airport (NAIA) is expected to herald economic growth through better collaborations with both local and foreign investors, Transportation Secretary Jaime Bautista said… Read More
K-culture sustains demand for Korean Air flights
March 18, 2024, 5:38 pm
MANILA – South Korea's flag carrier Korean Air (KE) announced Monday the resumption and increase in flight frequencies to several destinations, while maintaining the three daily flights in Manila due to sustained demand. KE increased its flights via the Ninoy Aquino International Airport from… Read More
