Business

Financial literacy in PH gets boost

Financial literacy in PH gets boost

September 12, 2018, 6:08 pm

MANILA -- Teaching financial literacy to students got another lift through a multi-sectoral program to educate teachers on this topic and provide tools that will make financial education more interesting. Global payment technology provider Visa has partnered with the Bangko Sentral ng Pilipinas… Read More

MAP to gov’t: Deal with NCR traffic like Boracay mess

MAP to gov’t: Deal with NCR traffic like Boracay mess

September 12, 2018, 2:13 pm

MANILA -- The Management Association of the Philippines (MAP) has called on the government to address Metro Manila's worsening traffic congestion with the “same intensity” as in dealing with the environmental decay of Boracay. During the Arangkada Philippines Forum 2018 in Pasay City… Read More

DICT vows to name 3rd telco by December

DICT vows to name 3rd telco by December

September 11, 2018, 11:05 pm

MANILA – The Department of Information and Communications Technology (DICT) vowed to name the new major telco player, among many interested local and foreign firms, by December. This, as the DICT is finalizing the terms of reference for the selection process within this month. “That has been… Read More

PCCI backs TRABAHO Bill

PCCI backs TRABAHO Bill

September 11, 2018, 11:01 pm

MANILA -- The Philippine Chamber of Commerce and Industry (PCCI) has expressed support for the second package of the Comprehensive Tax Reform Program of the administration or the Tax Reform for Attracting Better and High-Quality Opportunities, also known as the TRABAHO Bill. In a press conference… Read More

Good macroeconomic policies to mitigate external shocks

Good macroeconomic policies to mitigate external shocks

September 11, 2018, 9:34 pm

MANILA -- An official of the Department of Finance (DOF) said maintaining good macroeconomic policies, among others, will shield the Philippine economy from economic shocks overseas. Because of fears arising from the financial woes of Turkey and Argentina as well as brewing trade wars among major… Read More

60% of sites nationwide upgraded to LTE technology: Smart

60% of sites nationwide upgraded to LTE technology: Smart

September 11, 2018, 8:41 pm

MANILA – PLDT wireless unit, Smart Communications, announced that it has deployed more Long Term Evolution (LTE) and LTE-Advanced sites nationwide during the year's first half, resulting in higher mobile data traffic. In a statement Tuesday, Smart said more than 60 percent of its sites were… Read More

New Clark City, a priority of Duterte admin: Dominguez

New Clark City, a priority of Duterte admin: Dominguez

September 11, 2018, 8:40 pm

MANILA – Finance Secretary Carlos Dominguez III said while the implementation of various infrastructure projects is important to the Duterte administration, the completion of New Clark City is deemed especially significant. “Our priority is the Clark City Development and we have put money in… Read More

Peso stays put despite depreciation risks, PSEi continues decline

Peso stays put despite depreciation risks, PSEi continues decline

September 11, 2018, 7:49 pm

MANILA -- The Peso ended Tuesday's session sideways against the US dollar despite the strong pull towards the 54-level but the Philippine Stock Exchange index (PSEi) declined for the fifth straight day on trade war concerns overseas and rise of domestic inflation rate. The local unit ended the day… Read More

Logistics firm expands facility in PH

Logistics firm expands facility in PH

September 11, 2018, 6:57 pm

MANILA -- Logistics solutions provider Black Arrow Express has invested in a larger facility to accommodate increasing shipment volumes from e-commerce orders. Black Arrow Express President Allan Brizuela said in a statement Tuesday that the company is moving to a three-storey warehouse facility… Read More

Treasury bureau rejects bids for 10-year T-bond

Treasury bureau rejects bids for 10-year T-bond

September 11, 2018, 5:40 pm

MANILA -- The Bureau of Treasury’s (BTr) auction committee on Tuesday rejected all bids for the 10-year Treasury bond due to undersubscription and demand for high yields. It offered the debt paper for PHP15 billion but total tenders only amounted to PHP12.737 billion. Had the auction committee… Read More

PCCI execs unfazed by 6.4% inflation

PCCI execs unfazed by 6.4% inflation

September 11, 2018, 4:07 pm

MANILA -- Top officers of the Philippine Chamber of Commerce and Industry (PCCI) are taking the 6.4 percent August inflation rate in stride, even as they called on economic managers to apply the necessary remedial measures to counter price surges. In a press conference Tuesday, PCCI Honorary… Read More

Economic intervention needed to cushion Bicol inflation: Salceda

Economic intervention needed to cushion Bicol inflation: Salceda

September 11, 2018, 2:13 pm

LEGAZPI CITY -- Albay Rep. Joey Salceda on Tuesday called for an immediate economic intervention to mitigate the effects of soaring inflation in the Bicol region. Salceda said the 9-percent inflation rate that hit Bicol is already a cause for alarm since it is the highest in the country,… Read More

Measures to curb inflation underway: Lambino

Measures to curb inflation underway: Lambino

September 10, 2018, 9:38 pm

MANILA – An official of the Department of Finance (DOF) allayed fears surrounding the country's elevated inflation rate, citing recently approved measures aimed at addressing supply constraints. DOF Assistant Secretary Tony Lambino, during the launch of the Presidential Communications Operations… Read More

Trade concerns continue to weigh down local markets

Trade concerns continue to weigh down local markets

September 10, 2018, 9:05 pm

MANILA -- Trade tensions overseas weighed down both the local bourse and the peso on Monday, with US President Donald Trump's threat to slap Chinese products additional tariff on top of the USD200 billion announced earlier, fuelling investors' worries. The Philippine Stock Exchange index (PSEi)… Read More

AI-based tech firm opens PH office

AI-based tech firm opens PH office

September 10, 2018, 9:04 pm

MANILA -- Singapore-based AnyMind Group, a provider of artificial intelligence (AI) solutions in advertising, marketing, and human resource (HR) industries, has opened its office in Manila -- its 13th in Asia. AnyMind Philippines Country Manager Phuong Nguyen told the Philippine News Agency in an… Read More

2019 poll could boost policy-making in PH: Fitch unit

2019 poll could boost policy-making in PH: Fitch unit

September 10, 2018, 8:26 pm

MANILA – A commentary of Fitch Solutions Macro Research said the midterm elections in the Philippines next year could boost policy-making in the country and may even be positive for the administration’s push towards federalism. According to the commentary, Senate seats are seen to be filled up… Read More

Pump prices up P0.65 per liter Tuesday

Pump prices up P0.65 per liter Tuesday

September 10, 2018, 7:54 pm

MANILA -- Prices of liquid fuels will uniformly go up by an additional PHP0.65 per liter effective 6 a.m. Tuesday, September 11. In separate announcements, local oil companies said the impending price adjustment reflects the upward movements in the international petroleum market which are being… Read More

TRAIN's contribution to oil price hikes only around 20%

TRAIN's contribution to oil price hikes only around 20%

September 10, 2018, 7:39 pm

MANILA -- Finance Assistant Secretary Tony Lambino clarified that only about 20 percent of the increase in local pump prices can be attributed to Tax Reform for Acceleration and Inclusion (TRAIN) Law. In his presentation during the launch of the Presidential Communications Operations Office (PCOO)… Read More

Rice prices to stabilize by November: DA chief

Rice prices to stabilize by November: DA chief

September 10, 2018, 7:18 pm

MANILA -- Agriculture Secretary Manny Piñol on Monday said the price of rice will stabilize by November, owing to the onset of the harvest season as well as the arrival of overdue rice imports. “Sa presyuhan (In pricing), I believe that this will stabilize. Rice prices will stabilize by… Read More

T-bill rates up, BTr partially awards 91-day paper

T-bill rates up, BTr partially awards 91-day paper

September 10, 2018, 4:31 pm

MANILA -- The rates of Philippine Treasury bills (T-bills) rose across-the-board Monday as market players anticipate another increase in the Bangko Sentral ng Pilipinas’ (BSP) key rates later this month. Average rate of the 91-day paper went up 32.4 basis points to 3.549 percent from 3.225… Read More