MANILA – The Philippine Stock Exchange index (PSEi) ended Thursday on the red after investors took profit but the peso remained resilient against the US dollar. The main equities index shed 0.73 percent, or 49.82 points, to 6,791.87 points. All shares tracked the main index after it lost 0.34 percent, or 13.96 points, to 4,104.02 … Read More
MANILA – Financial education (FinEd) in the country needs an additional push to help more Filipinos be prepared and literate financially. In a virtual briefing on Thursday, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said the results of the World Bank’s 2015 financial literacy survey and the Central Bank’s 2019 financial inclusion survey showed … Read More
MANILA – Releasing of coronavirus disease (Covid-19) vaccines imported by the private sector will generally be the same as those bought by the government, Finance Secretary Carlos G. Dominguez III said. In a Viber message to journalists Thursday, Dominguez said the private sector-procured vaccines are expected to arrive by mid-June this year. “For Moderna and … Read More
MANILA – The Philippines’ main equities index shed Thursday partly on the rising coronavirus disease (Covid-19) cases in Asia while the peso remains firm against the US dollar. After recovering Wednesday, the Philippine Stock Exchange index (PSEi) lost 0.77 percent, or 48.07 points, to 6,197.64 points. All Shares followed with a drop of 0.33 percent, … Read More
MANILA – The Department of Energy (DOE) on Wednesday signed a memorandum of agreement (MOA) with Japanese firm Japan Oil, Gas and Metals National Corporation (JOGMEC) to kick off study on the oil contingency plan and petroleum reserve program. The signing was led by DOE Secretary Alfonso Cusi and JOGMEC chairman and chief executive officer … Read More
MANILA – The country has to start ramping up medical oxygen supply to prepare for the possible increase in demand, Department of Trade and Industry (DTI) Secretary Ramon Lopez said. In a television interview Wednesday, Lopez said although the country can still meet the requirement for medical oxygen amid the rising coronavirus disease 2019 (Covid-19) … Read More
MANILA – The Philippines has the largest gin market in the world with a total consumption of over 22 million cases per year, according to the International Wine and Spirits Research (IWSR). In global terms, Philippine gin accounts for some 43 percent of the world gin market, IWSR data showed. By 2023, the gin category … Read More
MANILA – Vehicle sales from January to April this year increased by 36.3 percent to 88,155 units from 64,675 units in the same period in 2020, the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association reported Tuesday. Both passenger car and commercial vehicle segments grew double-digit during the period. Sales … Read More
Oil companies have announced another hike in pump prices
MANILA – Doing business in the Philippines continue to improve, mainly due to the initiatives instituted by the Anti-Red Tape Authority (ARTA). During the agency’s Ease of Doing Business (EODB) Summit, titled “Forging Forward, Overcoming Adversity: Ease of Doing Business in the Time of Pandemic”, on Thursday, ARTA Director General Jeremiah Belgica reported the country’s … Read More
Reopening of the economy and increased infrastructure spending are expected to further boost the country’s employment figures, which registered better results as of March 2021.
The Philippine Stock Exchange index (PSEi) sustained its slide on Friday partly on the increases in jobs in the US last April but the peso strengthened further against the US dollar.
Department of Finance (DOF) Secretary Carlos Dominguez III has called on Manila-based Asian Development Bank (ADB) to level up and increase its loan portfolio in the next five years to strongly boost recovery efforts of its member-countries.
An economist projects government debt to remain sustainable even after it registered another debt uptick in March this year given the need to mainly finance pandemic and economic recovery-related programs.
Oil companies will implement another price increase effective Tuesday morning.
Investors’ wait-and-see stance following the earnings report season in the US and developments on the pandemic resulted in the sideways close of both the local main equities index and the peso on Monday.
Socioeconomic Planning Secretary Karl Kendrick Chua said on Saturday the government has allocated PHP2.5 trillion this year as part of the government’s three-pronged approach for economic recovery.
The Board of Investments (BOI) has approved the PHP1.33-billion project of Biotech Farms, Inc. to expand its live hog production.
Following the opening of the Skyway Extension’s four-kilometer northbound section to the public, San Miguel Corporation (SMC) said construction of the project’s southbound section will advance and move at a faster pace in time for completion by the third quarter of this year.
– Home-grown liquor company Tanduay Distillers Inc. is strengthening overseas expansion even amid the pandemic.