Business
Oil prices up following strong demand, Middle East strife
April 26, 2024, 9:31 pm
ANKARA – Oil prices increased on Friday due to strong US demand and rising tensions in the Middle East. International benchmark Brent crude traded at USD89.66 per barrel at 10:36 a.m. local time, a 0.7 percent increase from the closing price of USD89.01 per barrel in the previous trading… Read More
Largest int'l PH property, investment expo returns to Dubai in May
April 26, 2024, 8:50 pm
Dubai, UAE – The highly anticipated 10th Philippine Property and Investment Exhibition (PPIE), the Philippines’ largest international property and investment show, is set to return to Dubai on May 11-12, 2024. This year's annual event will take place at The Bristol Hotel, Deira, Dubai, aiming… Read More
Economists bat for more infra support for Calabarzon biz expansion
April 26, 2024, 8:23 pm
MANILA – Economists in the government and academe agreed that Calabarzon Region’s stature as a manufacturing hub is poised for further growth but they pointed out that more interventions are needed to support the expansion of production activities as well as the movement of goods and raw… Read More
Local shares close week at 6,600-level; peso ends sideways
April 26, 2024, 7:40 pm
MANILA – After gaining for five straight days, the local stock barometer traded back to the 6,600 level, while the peso closed the week sideways. The Philippine Stock Exchange index (PSEi) finished this week’s trading at 6,628.75, increasing by 0.82 percent, with All Shares also closing higher… Read More
PH firms pitch products to German buyers
April 26, 2024, 6:33 pm
MANILA – For the first time, Philippine-based companies participated in the German Purchasers Initiative in the Association of Southeast Asian Nations (ASEAN) to find new buyers from the European country. German-Philippine Chamber of Commerce and Industry (GPCCI) Head of Government Affairs and… Read More
Investing on RE tech to lessen PH exposure from volatile fuel costs
April 26, 2024, 5:06 pm
MANILA – Building more renewable energy (RE) technologies across the country will help the Philippines lessen its dependence on imported fuel, like liquefied natural gas (LNG), which are more expensive and more exposed to volatile global prices, an expert from the Institute for Energy Economics… Read More
BSP: Banks kept loan standards steady in Q1
April 26, 2024, 2:45 pm
MANILA – Most banks maintained their credit standards in the first quarter of the year, the Bangko Sentral ng Pilipinas (BSP) said. Results of the Senior Bank Loan Officers' Survey (SLOS) released on Friday showed that most of the respondent banks kept their credit standards generally unchanged… Read More
NEDA Board OKs 3 initiatives for human capital, social, infra dev't
April 26, 2024, 10:17 am
MANILA – The National Economic and Development Authority (NEDA) Board has approved three initiatives to support the government's drive to accelerate human capital development and improve the country's social and physical infrastructure. In a statement on Friday, NEDA said the Board chaired by… Read More
ATI, DP World to help new Cavite ecozone into world class facility
April 25, 2024, 9:19 pm
MANILA – The Asian Terminal, Inc. (ATI) and Dubai-based logistics firm DP World target to turn a newly registered economic zone in Cavite into a smart and world-class facility. This, as ATI and DP World inaugurated on Thursday the Tanza Container Terminal Inc. (TCTI) located inside the MetroCas… Read More
PSEi rallies on 4th day on narrow budget deficit, peso ends weak
April 25, 2024, 7:36 pm
MANILA – The local bourse improved for the fourth consecutive day on the narrowing budget deficit, while the peso closed weak against the US dollar on Thursday. The benchmark Philippine Stock Exchange index (PSEi) closed slightly higher by 0.03 percent, or 2.13 points, at 6,574.88, with All… Read More
Economic targets for Bicol attainable: NEDA exec
April 25, 2024, 6:51 pm
LEGAZPI CITY – The National Economic and Development Authority (NEDA) 5 (Bicol) said economic plans and targets for the region are achievable and seen to result in growth rate. "The plan aims to revitalize the industry to generate more quality jobs towards economic transformation. Seaports,… Read More
Lithuanian investors urged to look into biz opportunities in PH
April 25, 2024, 6:26 pm
MANILA – Department of Trade and Industry (DTI) Secretary Alfredo Pascual has urged Lithuanian companies to look into investing in the Philippines. Pascual met a high-level delegation of business leaders from Lithuania, led by visiting Foreign Affairs Minister Gabrielius Landsbergis, in Taguig… Read More
DOE: PH has over 4K MW new power supply in 2024 to boost grid
April 25, 2024, 6:00 pm
MANILA – Department of Energy (DOE) Undersecretary Rowena Cristina Guevara said there are at least 4,164.92 megawatts of new power supply that will come online this year to address the growing electricity demand in the country. In a virtual press briefing Thursday, Guevara said half of the new… Read More
NEDA chief spells out benefits of AO 20
April 25, 2024, 3:30 pm
MANILA – National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan has spelled out the need and benefits of implementing the Administrative Order (AO) 20 signed by President Ferdinand R. Marcos Jr. last April 18, which eases the importation process for agricultural products.… Read More
SM Investments to invest in underserved areas to trickle down growth
April 24, 2024, 7:46 pm
MANILA – Listed firm SM Investments Corp. (SMIC) will focus its expansion in the provinces, helping the government to trickle down the country’s strong economic growth. During SMIC’s annual stockholders’ meeting in Pasay City on Wednesday, SMIC president and chief executive officer… Read More
Budget deficit narrows in March
April 24, 2024, 7:30 pm
MANILA – The national government's budget deficit narrowed to PHP195.9 billion in March this year from PHP210.3 billion a year ago, data from the Bureau of the Treasury (BTr) released on Wednesday showed. The BTr said the lower budget gap during the month was on the back of 11.32 percent… Read More
PSEi continues to rebound; peso closes sideways
April 24, 2024, 5:47 pm
MANILA – The local stock market continued to rebound on Wednesday, closing near the 6,600 level, while the peso moved sideways. The Philippine Stock Exchange index (PSEi) gained 65.95 points, closing at 6,572.75, while the broader All Shares also rose 16.56 points to 3,463.46. "Philippine shares… Read More
PLDT expands deployment of forest monitoring system in Palawan
April 24, 2024, 4:31 pm
MANILA – Telecommunications firm PLDT has joined stakeholders in the government and private sectors in the deployment of a monitoring system in the forests of Taytay, Palawan to identify illegal activities in the area such as illegal logging. In a statement on Wednesday, PLDT said the… Read More
Japanese contractor to buy 25% equity stake in Rizal Green Energy
April 24, 2024, 4:25 pm
MANILA – Taisei Corp., one of the largest contractors in Japan, is buying a 25-percent share in a subsidiary of Yuchengco-led PetroGreen Energy Corp. (PGEC) as part of its investment in renewable energy (RE) here. In a statement Wednesday, PGEC said it signed an investment framework and… Read More
BCDA doubles remittance to nat'l gov't in 2024
April 24, 2024, 4:15 pm
MANILA – The Bases Conversion and Development Authority (BCDA) reported on Wednesday that it has doubled its remittance to the Bureau of the Treasury (BTr) in 2024 compared to the dividends remitted in 2023. The BCDA remitted PHP1.1 billion this year, higher than the PHP527 million worth of… Read More
