Biz sentiments improve despite ECQ: poll
– Business sentiments improved both in the first and second quarters this year despite the two-week enhanced community quarantine in National Capital Region Plus until April 11.
Category: Business
PEZA online job fair continues amid pandemic
To fulfill its mandate of generating jobs and other economic opportunities, Philippine Economic Zone Authority (PEZA) has partnered with WorkBank Philippines Inc. to make job vacancies easily accessible to Filipinos seeking employment with PEZA-registered companies.
Jollibee further expands in Europe with 8 more stores
– With 70 percent of its customers in its latest UK stores now being locals, homegrown restaurant brand Jollibee is further expanding its reach to local European customers by growing to 50 stores in that continent in the next five years.
Electronic goods boost PH importation growth in February
The Philippines ‘ total external trade in goods grew at an annual rate of 0.6 percent, or about USD12.191 billion, in February 2021.
SRP on imported pork effective April 9
As the price ceiling on pork and chicken will end Thursday, Department of Agriculture (DA) Secretary William Dar said a suggested retail price (SRP) on imported pork will take effect on April 9.
Economists eye steady BSP rate this year
Economists forecast a steady policy rate for the Bangko Sentral ng Pilipinas (BSP) this year as inflation remains elevated, which is projected to even rise to around 5 percent level in the coming months.
PH seen to benefit from Biden presidency
The Philippines, along with the rest of Asia, stands to benefit from the Joe Biden presidency due to the expected reduction of risk from the US-China trade war, as well as less protectionism and a possible increase in government stimulus.
Peso soars to 4-year high; stocks hit 8-month high
Rafael Nadal became the fourth men’s player to reach 1,000 Tour-level wins on Wednesday after coming from one set down to beat fellow Spaniard Feliciano Lopez 4-6, 7-6(5), 6-4 in his opening match at Bercy Arena.
Cyber crimes up during early days of quarantine: Diokno
Cyber threats increased during the earlier days of the community quarantine but these have been addressed by financial institutions’ tough stance against online crimes.
Stocks, peso rise amid vote counts in US polls
Both the Philippine Stock Exchange index (PSEi) and the peso ended Thursday higher even as official results of the US presidential polls have yet to be announced.
PH eyes P6-T borrowing to support economic recovery
The government is keen on borrowing PHP3 trillion each in 2020 and 2021 to help boost funds for economic recovery, even as the main revenue-generating agencies have been posting upticks in their collections.
PH stocks index recovers, peso ends sideways vs. USD
The Philippines’ main equities index ended its three-day slide Friday as the peso ended trade sideways, partly on news of lower weekly jobless claims in the US before the elections.
PH stocks index, peso end trade up
The Philippine Stock Exchange index (PSEi) and the peso both gained Friday as optimism continues to reign over various markets.
Oil prices may remain below $50 a barrel until 2023
Oil prices may remain below USD50 per barrel until 2023, according to the October report the International Energy Agency (IEA) submitted to TASS.
DTI chief sees no need to defer 13th-month pay
Department of Trade and Industry (DTI) Secretary Ramon Lopez sees no need to defer the 13th month pay for this year as the government stands ready to support distressed micro and small enterprises amid the pandemic.
Imported vehicle sales down 7% in August
Monthly sales of Association of Vehicle Importers and Distributors (AVID) slipped by 7 percent in August to 4,753 units from 5,100 unit sales in July.
Oil prices up as OPEC+ vows for strict compliance
Brent crude oil prices climbed on Friday after OPEC+ reassured the markets that it will strictly cut its total oil production by the determined level of 7.7 million barrels per day.
Apple becomes 1st US company to hit $2-T market cap
Apple became the first publicly traded US company to hit a USD2 trillion market capitalization Wednesday after its share price exceeded USD467.97.
SMC to develop sustainable mangrove crab industry in Bulacan
San Miguel Corporation (SMC) will grow 100,000 mud crabs monthly at its 10-hectare mangrove plantation site in Hagonoy, Bulacan to protect the forest and provide a new and sustainable source of livelihood for residents of the town and the rest of the province.
Car importers monthly sales up in July
Sales of vehicle importers in the country continued to post growth in July after the easing of the community quarantine measures in Metro Manila and other areas in the past months.