Business
DTI opens 2 more Negosyo Centers in Ilocos Norte
November 29, 2018, 4:48 pm
LAOAG CITY—The Department of Trade and Industry (DTI) opened two more Negosyo Centers in the towns of Bangui and Nueva Era on Thursday. According to Maricor Racela, DTI event coordinator in the province, the 13th and 14th Negosyo Centers in the province are expected to boost economic growth and… Read More
26 Japanese SMEs looking for PH partners
November 29, 2018, 2:16 pm
MANILA -- A business delegation from Japan is coming to visit next week for a business matching program with Filipino companies. Twenty-six small-and medium-scale enterprises (SMEs) from Japan are seeking partnerships with Filipino firms to explore opportunities in the country, the… Read More
Pangilinan calls tie-up with Uy mutually beneficial
November 28, 2018, 8:14 pm
MANILA -- Magnate Manuel V. Pangilinan described his partnership with Davao tycoon Dennis Uy in the energy sector as “symbiotic relationship”. At the sidelines of Philippine Business for Social Progress (PBSP) event Wednesday, Pangilinan said since their businesses are interrelated, the… Read More
Added measures needed vs. supply-side risks: MB member
November 28, 2018, 8:13 pm
MANILA -- A member of the Bangko Sentral ng Pilipinas’ (BSP) policy-making Monetary Board (MB) on Wednesday said inflationary pressures have eased for the moment but additional measures are needed to ensure that supply-side issues can be avoided in the future. MB Member V. Bruce J. Tolentino, in… Read More
Vietnam, Thailand to supply 203,000 MT rice to PH
November 28, 2018, 7:47 pm
MANILA – The state-run National Food Authority (NFA) on Wednesday successfully bid out contracts for the supply of 203,000 metric tons (MT) of rice to Vietnam and Thailand, as it strives to boost the country’s buffer stock. The government secured offers for the supply of 25-percent broken long… Read More
Peso holds its ground, local shares down on profit-taking
November 28, 2018, 7:44 pm
MANILA -- Profit-taking cut short the Philippine Stock Exchange index' (PSEi) four-day rally but the peso managed to hold its ground against the US dollar on Wednesday's trading session. The main stocks index shed 0.42 percent, or 31.20 points, to 7,382.43 points. Regina Capital Managing Director… Read More
5G services to be available next year: MVP
November 28, 2018, 6:13 pm
MANILA -- Telecommunications firm PLDT, Inc. and its wireless subsidiary Smart Communications expects subscribers of its Home and Enterprise business segments to be able to avail of 5th generation technology (5G) capable services by next year. PLDT acknowledged that no 5G-capable mobile handheld… Read More
Funding to promote 'inclusive biz' launched
November 28, 2018, 6:11 pm
MANILA -- Large companies are being tapped to raise PHP100 million for a capacity-building fund to help low-income communities build their enterprises, Philippine Business for Social Progress (PBSP) Chairman Manuel V. Pangilinan announced on Wednesday. At the sidelines of the Inclusive Business… Read More
Security Bank NAIA branches open on Nov. 30
November 28, 2018, 6:09 pm
MANILA -- Security Bank branches nationwide, except for those at the Ninoy Aquino International Airport (NAIA) and NAIA 3, will be closed on Friday (November 30). In an advisory Wednesday, most of the bank's branches will be closed on Bonifacio Day since it is a regular holiday in the country.… Read More
TDF rates, bid coverage ratios up this week
November 28, 2018, 5:37 pm
MANILA -- The rates of Bangko Sentral ng Pilipinas’ (BSP) Term Deposit Facility (TDF) registered another uptick Wednesday, hopping on the bandwagon of domestic interest rates, and bid coverage ratios tagged along despite the undersubscription in most tenors. Data released by the central bank… Read More
BOI registers 2 inclusive biz projects worth P3.8-B
November 28, 2018, 5:35 pm
MANILA -- The Board of Investments (BOI) has so far registered two projects using inclusive business models, with combined investments amounting to PHP3.78 billion. During the press conference of Inclusive Business Leaders’ Conference in Pasay City on Wednesday, Trade Undersecretary and BOI… Read More
Beep card firm to partner with provincial jeepney groups
November 27, 2018, 9:32 pm
MANILA -- A private firm is eyeing to partner with jeepney cooperatives in the province of Bukidnon and the cities of Iloilo and Cebu for the installation of automated fare collection system on their jeepney units in support of the Public Utility Vehicle Modernization Program (PUVMP) in the… Read More
Grab rolls out taxi services in Subic
November 27, 2018, 9:12 pm
MANILA -- Grab Philippines rolled out on Tuesday its taxi services at the Subic Freeport Zone in Pampanga to provide transportation to residents and tourists in the area. In a statement, Grab Philippines Country Head Brian Cu said the company has put on board 120 taxi drivers into its GrabTaxi… Read More
BCDA relocates to Clark
November 27, 2018, 8:38 pm
MANILA -- The Bases Conversion and Development Authority (BCDA) is transferring its headquarters to the Clark Freeport and Special Economic Zone (CSEZ) “to closely monitor and supervise” major projects in Central Luzon. It announced Tuesday that it inaugurated its new office located at the 9th… Read More
12 ‘promoters’ of unregistered investment firm arrested
November 27, 2018, 8:06 pm
MANILA -- Operatives of the Securities and Exchange Commission (SEC) and the Philippine National Police (PNP) arrested 12 supposed “promoters” of an unregistered investment company in an entrapment operation last Nov. 24 in Pasig City. In a statement, the SEC said arrested were Tan Yan Chao… Read More
Economic growth safe despite reenacted budget
November 27, 2018, 8:05 pm
MANILA -- Budget Secretary Benjamin Diokno expressed confidence that the economy can manage a robust growth in 2019, even as he admitted that it is likely to be held back slightly in the first half should the government resort to a reenacted budget at the start of the year. Noting reports that… Read More
Local stocks rise as peso pulls back
November 27, 2018, 7:46 pm
MANILA -- Philippine Stock Exchange index (PSEi) again posted gains despite renewed trade war concerns but the peso weakened against the greenback in Tuesday's trading. The main stock index rose to 7,413.63 points, up 0.21 percent or 15.76 points. Regina Capital Managing Director Luis Limlingan… Read More
BTr fully awards 7-year T-bond, opens tap facility anew
November 27, 2018, 7:29 pm
MANILA -- The Bureau of the Treasury’s (BTr) auction committee on Tuesday made a full award of the seven-year Treasury bond (T-bond) and even opened a tap facility to accommodate the especially strong demand for the debt paper. The full award of PHP15 billion was made after the rate of the debt… Read More
Chinese firm plans to establish textile mill in Cagayan
November 27, 2018, 6:20 pm
MANILA -- Another Chinese company is setting up its textile business in the Cagayan Special Economic Zone and Freeport (CSEZF) as the Cagayan Economic Zone Authority (CEZA) follows through on its efforts to lure investors from China. In a statement Tuesday, CEZA Administrator and Chief Executive… Read More
Malaysian mid-tier firms seek opportunities in PH
November 27, 2018, 4:31 pm
MANILA -- Mid-tier companies from Malaysia are in the country for a market immersion mission in Manila this week. The Malaysia External Trade Development Corp. (MATRADE), Malaysia’s trade promotion agency, organized the business mission from Nov. 26 to 28, seeking to build networks with… Read More
