Business

PSEi, peso almost flat Wednesday

PSEi, peso almost flat Wednesday

December 6, 2023, 7:52 pm

MANILA – Both the local bourse and currency closed almost flat on Wednesday. The benchmark Philippine Stock Exchange index (PSEi) ended the day slipping by 0.05 percent, or 3.10 points, to the 6,305.85 level. The broader All Shares also slipped by 0.01 percent, or 0.36 points, to 3,351.66… Read More

ADB OKs $450-M loan to boost PH Universal Healthcare Program

ADB OKs $450-M loan to boost PH Universal Healthcare Program

December 6, 2023, 7:50 pm

MANILA – The Asian Development Bank (ADB) on Wednesday approved a USD450-million policy-based loan to help the Philippines strengthen its health policy reforms. In a statement, the ADB said the amount will also be used to further improve Filipinos’ access to medicines and health services,… Read More

Filipinos favor excellent customer service over low prices

Filipinos favor excellent customer service over low prices

December 6, 2023, 7:01 pm

MANILA – More Filipinos are considering excellent customer service as a bigger factor to purchase goods and services, than cheaper prices, the 2024 Qualtrics Consumer Trends Report showed. Qualtrics reported that quality products and service (70 percent of the surveyed respondents) and customer… Read More

BOC exceeds November collection target

BOC exceeds November collection target

December 6, 2023, 6:20 pm

MANILA – The Bureau of Customs (BOC) said revenue collection for November exceeded its target by 1.5 percent. In a briefing on Wednesday, BOC Commissioner Bienvenido Rubio said that based on preliminary data, collection during the month amounted to PHP75.34 billion, higher than its revenue… Read More

Diokno: PPP Code ensures high-quality infra, services in PH

Diokno: PPP Code ensures high-quality infra, services in PH

December 6, 2023, 3:43 pm Updated on December 6, 2023, 6:04 pm

MANILA – Finance Secretary Benjamin Diokno on Wednesday said the newly-enacted Public-Private Partnership (PPP) Code of the Philippines will ensure the realization of high-quality infrastructure projects and services in the country. “The Department of Finance has been actively supporting this… Read More

Alternergy, Quezelco 1 partner to dispatch power from Alabat wind farm

Alternergy, Quezelco 1 partner to dispatch power from Alabat wind farm

December 6, 2023, 3:42 pm

MANILA – Renewable energy firm Alternergy Holdings Corp. has partnered with Quezon 1 Electric Cooperative Inc. (Quezelco 1) to dispatch clean power from Alternergy’s Alabat wind power. In a disclosure to the Philippine Stock Exchange Wednesday, Alternergy said it signed the cooperation… Read More

Legazpi expects more investments with electronic one-stop biz shop

Legazpi expects more investments with electronic one-stop biz shop

December 6, 2023, 3:18 pm

LEGAZPI CITY – More investments are expected to come here with the Electronic Business One-Stop Shop (eBOSS) being implemented by the city government here, which has resulted in ease of doing business. In an interview on Wednesday, Asuncion Viñas, chief of the Legazpi City Business Permit and… Read More

Subdued November inflation expected, but Christmas uptick possible

Subdued November inflation expected, but Christmas uptick possible

December 5, 2023, 8:36 pm

MANILA – The subdued 4.1 percent inflation figure in November did not come as a shock to economists and retailers alike, who noted the easing of price pressures in November. In an interview on Tuesday, Carlos Manapat, economics department chair at the University of Santo Tomas, said inflation… Read More

PCCI names new president

PCCI names new president

December 5, 2023, 7:14 pm

MANILA – The country’s largest business organization Philippine Chamber of Commerce and Industry (PCCI) has named SamgyeopMasarap chain of restaurants owner Enunina “Nina” Mangio as its new president. Mangio, along with the 20-member board of directors of PCCI, was elected last Dec. 1 and… Read More

Stocks up on lower inflation data; peso ends sideways

Stocks up on lower inflation data; peso ends sideways

December 5, 2023, 6:44 pm

MANILA – Local shares continued to close strong on Tuesday on last-minute bargain hunting due to lower inflation data, while the peso moved sideways. The Philippine Stock Exchange index (PSEi) gained 24.58 points to close at 6,308.95. All Shares, likewise, went up 4.58 points to 3,352.02. "This… Read More

PH to leverage pact with UAE to lure investments

PH to leverage pact with UAE to lure investments

December 5, 2023, 6:36 pm

MANILA – Now that the Investment Promotion and Protection Agreement (IPPA) between Manila and Abu Dhabi is in full swing, the Board of Investments (BOI) aims to leverage the deal to lure investments from the United Arab Emirates (UAE). This, as Department of Trade and Industry (DTI) Secretary… Read More

PH to sustain strong economic growth: World Bank

PH to sustain strong economic growth: World Bank

December 5, 2023, 6:34 pm

MANILA – The World Bank on Tuesday said the Philippine economy is expected to continue to post strong growth but fully implementing key reforms to boost investments is crucial to sustain growth. "We anticipate that the Philippine economy will continue to exhibit strong performance in the next… Read More

BTr fully awards re-issued Treasury bonds

BTr fully awards re-issued Treasury bonds

December 5, 2023, 5:37 pm

MANILA – The Bureau of the Treasury (BTr) on Tuesday fully awarded the re-issued 10-year Treasury bonds (T-bonds). With a remaining term of nine years and eight months, the re-issued bond fetched an average rate of 6.224 percent, lower than the 6.781 percent when it was last re-issued Nov. 14.… Read More

 BSP to keep policy settings ‘sufficiently tight’ for now

BSP to keep policy settings ‘sufficiently tight’ for now

December 5, 2023, 4:21 pm

MANILA – The Bangko Sentral ng Pilipinas (BSP) on Tuesday vowed to keep policy settings “sufficiently tight” despite another deceleration of inflation rate last month, noting that risks continue to lean on the upside. The rate of price increases slowed for the second consecutive month in… Read More

Inflation further eases to 4.1% in November

Inflation further eases to 4.1% in November

December 5, 2023, 12:35 pm

MANILA – The country's headline inflation further eased to 4.1 percent in November this year, the lowest recorded since the 4 percent in March 2022, the Philippine Statistics Authority (PSA) said. In a briefing on Tuesday, National Statistician Dennis Mapa said the headline inflation last month… Read More

PSEi strong, peso ends sideways ahead of inflation data

PSEi strong, peso ends sideways ahead of inflation data

December 4, 2023, 8:02 pm

MANILA – Local shares closed strong ahead of the release of inflation data while the peso ended the day sideways. The Philippine Stock Exchange index (PSEi) finished the day 13.83 points higher to 6,259.01, with All Shares also ending in the green territory at the 3,337.25 level, up by 5.03… Read More

Fuel price adjustments set Dec. 5

Fuel price adjustments set Dec. 5

December 4, 2023, 5:44 pm

MANILA – Oil companies will adjust pump prices of petroleum products starting Dec. 5. In separate announcements Monday, Caltex, Cleanfuel, Jetti, Petro Gazz, PTT, Seaoil and Shell said they will increase gasoline prices by PHP0.30 per liter and will slash diesel prices by PHP0.30 per liter.… Read More

Mixed results mark auction of T-bills

Mixed results mark auction of T-bills

December 4, 2023, 5:31 pm

MANILA – Results were mixed in Monday's Treasury bills (T-bills) auction as the Bureau of the Treasury (BTr) fully awarded bids for the 91-day T-bills while partially awarding the 182- and 364-day securities. The 91-day T-bills fetched an average rate of 4.996 percent, while the 182- and 364-day… Read More

PH aerospace exports to UAE seen to grow with CEPA

PH aerospace exports to UAE seen to grow with CEPA

December 4, 2023, 3:15 pm

MANILA – Aerospace exports is one of the Philippine sectors that is expected to get a boost from the Comprehensive Economic Partnership Agreement (CEPA), a free trade deal between Manila and Abu Dhabi, a senior trade official said Monday. In a press briefing, Department of Trade and Industry… Read More

Diokno calls for New Collective Quantified Goal on climate finance

Diokno calls for New Collective Quantified Goal on climate finance

December 4, 2023, 2:30 pm

MANILA – Department of Finance (DOF) Secretary Benjamin Diokno cited the need to immediately set up the New Collective Quantified Goal (NCQG) on climate finance to strengthen countries’ climate action. Diokno made the statement during the 2023 High-level Ministerial Dialogue (HLMD) on the New… Read More