Business
BTr fully awards re-issued T-bonds
November 21, 2023, 6:15 pm
MANILA – The Bureau of the Treasury (BTr) on Tuesday fully awarded the re-issued 20-year Treasury bonds (T-bonds). With a remaining term of 15 years and two months, the re-issued bond fetched an average rate of 6.593 percent. The BTr raised the full program of PHP20 billion, bringing the total… Read More
DTI chief: PH gets new investment intent from US firms
November 21, 2023, 5:40 pm
MANILA – More American companies have expressed their intention to invest in the Philippines after the official visit of the high-level delegation of the Philippine government led by President Ferdinand R. Marcos Jr. to the United States, the country’s top trade official said Tuesday.… Read More
Prices of over 150 Noche Buena items rise
November 21, 2023, 5:30 pm
MANILA – The Noche Buena price guide will be released on Wednesday ahead of the holiday season, with a noticeable price increase in over 150 shelf keeping units (SKUs), Department of Trade and Industry-Consumer Protection Group (DTI-CPG) Assistant Secretary Amanda Marie Nograles said. In a press… Read More
BIR collection up 47% in Oct.
November 21, 2023, 2:59 pm
MANILA – The Bureau of Internal Revenue (BIR) said Tuesday that tax collections increased by 47 percent in October this year. In a statement, the BIR said it collected PHP274.43 billion (net of tax refund) last month, up by 47 percent compared to the PHP87.67 billion collected in the same month… Read More
Stakeholders urged to support passage of bill boosting bamboo sector
November 20, 2023, 9:09 pm
MANILA – The Philippine Bamboo Industry Development Council (PBIDC), an attached agency of the Department of Trade and Industry (DTI), is calling on stakeholders to show support for the immediate passage of Senate Bill (SB) 605, or an Act Institutionalizing the Philippine Bamboo Industry… Read More
PAL, KAL explore use of sustainable fuel in flight ops
November 20, 2023, 8:06 pm
MANILA – The Philippines and South Korea's flag carriers have been exploring the integration of sustainable aviation fuel (SAF) in their flight operations as this would lessen their carbon footprint. "We are exploring the use of SAF because it contains lower carbon emissions and reduces carbon… Read More
Shares down amid lack of positive catalysts, peso strengthens
November 20, 2023, 7:30 pm
MANILA – Local shares closed the trading weak while peso finished strong on Monday. After climbing the 6,200-mark last week, the Philippine Stock Exchange index (PSEi) fell to 6,183.63, shedding 28.26 points, with All Shares also down by 19.45 points to 3,305.32. “Amid a lack of a strong… Read More
PH farmers receive aid from Japan, Korea
November 20, 2023, 7:17 pm
MANILA – Sugarcane farmers in Bacolod City, Negros Occidental and an agricultural cooperative in Zaragosa, Nueva Ecija have received farming equipment and agribusiness facilities from East Asian countries. In separate statements Monday, the embassies of Japan and South Korea said their… Read More
PH foreign reserves back to $100-B level as of end-October
November 20, 2023, 6:57 pm
MANILA – The Philippines’ gross international reserves (GIR) at end-October 2023 returned to USD100-billion level after the country logged a surplus in its balance of payments (BOP) last month. The Bangko Sentral ng Pilipinas (BSP) reported Monday that the country’s foreign reserves… Read More
BTr upsizes maiden Tokenized Treasury Bonds offering
November 20, 2023, 6:14 pm
MANILA – The first Tokenized Treasury Bonds (TTBs) of the Bureau of the Treasury (BTr) on Monday was oversubscribed by more than three times, pushing the BTr to upsize the digital token debt offering. The BTr has increased the TTBs to PHP15 billion from its initial offer of PHP10 billion, as… Read More
DTI targets PH startups to grow to $10-B industry by 2028
November 20, 2023, 4:28 pm
MANILA – With the enabling policy from the government and support from the private sector, Department of Trade and Industry (DTI) Undersecretary Rafaelita Aldaba projects that the Philippines’ startup ecosystem will grow to USD10 billion by 2028. On the sidelines of the PH Startup Week… Read More
Below P1 per liter oil price rollback set Nov. 21
November 20, 2023, 3:40 pm
MANILA – Oil companies announced minimal decrease on pump prices starting Tuesday morning. In separate advisories, Caltex, Cleanfuel, Jetti, Petro Gazz, Seaoil and Shell said they will roll back gasoline prices by PHP0.75 per liter and diesel by PHP0.65 per liter. Caltex, Seaoil and Shell will… Read More
DTI explores AI power to transform Philippine economy
November 18, 2023, 6:15 pm
MANILA – President Ferdinand R. Marcos Jr. and Department of Trade and Industry (DTI) Secretary Alfredo Pascual met with the Silicon Valley Technology companies and investors to discuss potential partnerships in harnessing artificial intelligence (AI) technology, particularly in upskilling… Read More
Leading digital wallet providers studying fee waiver on micropayments
November 17, 2023, 7:18 pm
MANILA – GCash and Maya are studying the impacts of waiving fees on micropayment on their balance sheet, a top official of the Bangko Sentral ng Pilipinas (BSP) said on Friday. The BSP earlier called for the removal of fees on small-value transactions to further promote the use of digital… Read More
PSEi, peso end week stronger as BSP keeps rates steady
November 17, 2023, 7:11 pm
MANILA – Both the local stock market and currency closed the week stronger a day after the Bangko Sentral ng Pilipinas (BSP) kept its policy rates steady. The Benchmark Philippine Stock Exchange index (PSEi) on Friday returned to the 6,200-mark, ending at 6,211.89, higher by 20.41 points, with… Read More
USAID helps 24 LGUs with energy capacity building
November 17, 2023, 4:45 pm
MANILA – Twenty-four local government units (LGUs) across the country are currently being assisted by the United States Agency for International Development (USAID) under the Energy Secure Philippines (ESP) program, which aims to help LGUs roll out policies and initiatives in the energy sector.… Read More
World Bank to help PH strengthen climate preparedness
November 17, 2023, 4:18 pm
MANILA – The World Bank said its Board of Executive Directors approved on Friday a new line of credit to help the Philippines strengthen climate preparedness in schools, health facilities, and communities. In a statement, the World Bank said the Philippines Disaster Risk Management and Climate… Read More
PH, US sign nuke deal for peaceful use
November 17, 2023, 11:59 am
MANILA – The Philippines and the United States signed Friday (Manila time) the civil nuclear cooperation deal, or the 123 Agreement, which will allow the transfer of US-origin nuclear technology to the Philippines. Department of Energy (DOE) Secretary Raphael Lotilla and US Secretary of State… Read More
Good fiscal management, firm fundamentals behind PH optimism
November 16, 2023, 8:25 pm
MANILA – Business leaders here said that the reaffirmation of the Philippines’ “BBB” rating by American credit rating agency Fitch, which effectively kept its “stable” outlook for the country, is a testament to the incumbent administration’s effective fiscal management coupled with… Read More
Stocks up on BSP's expected pause on policy rates
November 16, 2023, 7:36 pm
MANILA – The local stock market closed stronger on Thursday amid expectations that the Central Bank will keep interest rates steady. The Philippine Stock Exchange index (PSEi) went up by 20.35 points to close at 6,191.48, while the broader All Shares also went up by 6.77 points to 3,314.49. "The… Read More
