The country's main equities gauge ended Tuesday on a positive note but the peso weakened against the US dollar, ahead of the scheduled signing of the first phase of the US-China trade deal on January 15.
The Philippine Stock Exchange index (PSEi) gained 0.21 percent, …
Read MoreThe country's main equities gauge ended Tuesday on a positive note but the peso weakened against the US dollar, ahead of the scheduled signing of the first phase of the US-China trade deal on January 15.
The Philippine Stock Exchange index (PSEi) gained 0.21 percent, …
Read MoreThe business community in Central Visayas is appealing the decision of the Regional Tripartite Wages and Productivity Board in Region 7 (RTWPB-7), which it described as the unilateral reclassification of cities in Negros Oriental with regard the implementation of the daily minimum wage.
Philippine Chamber …
Read MoreMore oil companies announced they will reduce their pump prices on Tuesday.
Flying V, Petron, PTT Philippines, and Total said they will roll back diesel prices by PHP0.20 per liter effective 6 a.m.
Flying V and Petron will also slash prices of kerosene by PHP0.30 …
Read MoreTapping the foreign market for the first time, Aboitiz Equity Ventures Inc. (AEV) raised USD400 million through the issuance of fixed-rate, US dollar-denominated Regulation dollar-only senior unsecured notes by its wholly-owned subsidiary, AEV International Pte Ltd.
The notes will be listed on the Singapore Stock …
Read More-Global Makati quashed any speculation about what the future will bring for the once powerhouse club as it announced that it will continue to play in the Philippines Football League.
"Global is back for the 2020 season," the club said in a short yet strong …
Read MoreThe two foreign validators of the Most Beautiful Bays in the World (MBBW) Club were astounded at the beauty of the Pujada Bay here, as they conducted ground validation on the possible inclusion of the bay to the MBBW.
MBBW founder and manager Bruno Bodard …
Read MoreDuty Free Philippines Corporation (DFPC) doubled its year-on-year sales growth to 4 percent in 2019 compared to 2 percent the previous year.
DFPC maintained its strong growth trajectory as the agency's consolidated sales reached more than USD226 million in 2019 from USD217 million in 2018.…
Read MoreAlbay Rep. Joey Salceda on Friday said the country's economy should be able to absorb whatever loss in remittances that could result from the total repatriation of overseas Filipino workers (OFWs) in Iraq amid the Middle East turmoil.
In an aide-memoire addressed to President Rodrigo …
Read MoreVarious local government units (LGUs) in Negros Occidental are working to develop more tourism-related initiatives in a bid to boost the local economy.
In Bago City, Mayor Nicholas Yulo said on Wednesday the agri-tourism sector has been providing the most number of livelihoods for the …
Read MoreMayor Noel Rosal, also Regional Development Council (RDC) Chairman, on Thursday expressed optimism that the operation of Bicol International Airport (BIA) will provide a big boost to the region's economy by bringing in more tourists and investments.
Rosal, in an interview, said the construction of …
Read MoreThe national government has approved a PHP1.03-billion fund to finance the construction of roads leading to tourist destinations in Eastern Visayas in 2020, more than double than last year's allocation.
The Tourism Road Infrastructure Program (TRIP) will provide funding to 29 new and ongoing road …
Read MorePresident Rodrigo Duterte has approved the much-awaited fifth round of salary increases among 1.4 million government workers to promote excellence in public service, MalacaAang said on Thursday.
Speaking to Palace reporters, Presidential Spokesperson Salvador Panelo said another pay hike in government has the "strong support" …
Read MoreIHS Markit Asia Pacific Chief Economist Rajiv Biswas said Asian markets, including the Philippines, should remain vigilant amid the surging crude oil prices due to the escalation of geopolitical tensions in the Middle East.
In an e-mail, Biswas said a large number of Asia Pacific …
Read MoreA Department of Budget and Management (DBM) official on Wednesday said they see no "strongly objectionable" items that are included in the recently-signed PHP4.1-trillion national budget for 2020.
"Based on the review by the DBM, we didn't find any item of appropriation or provision or …
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Read MoreRains will pour over some parts of the country on Tuesday due to two weather systems.
In its 4 a.m. weather forecast, the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) said Davao region and Soccsksargen will have cloudy skies with scattered rains and thunderstorms …
Read MoreThe Philippine Navy (PN) could deploy one of its two landing dock vessels, the BRP Davao Del Sur (LD-602), to help in evacuating overseas Filipino workers should tensions continue to escalate in the Middle East.
"The PN concept of support in the repatriation of affected …
Read MoreIncreases in prices of food and non-alcoholic beverages and transport further accelerated the country's headline inflation to 2.5 percent in December, bringing the full-year figure to 2.5 percent.
Last year's inflation settled within the government's target of 2 to 4 percent for 2019.
In a …
Read MoreThe National Task Force to End Local Communist Armed Conflict (NTF-ELCAC) has asked President Rodrigo Duterte to release new funds for an anti-insurgency program that seeks to end communism in villages nationwide, MalacaAang said on Tuesday.
The request for a new budget for the Retooled …
Read MoreWater firms Maynilad and Manila Water can either accept the new water contracts favorable to the government and the public or face cancelation of their present deals, MalacaAang said on Tuesday.
Presidential Spokesperson Salvador Panelo said President Rodrigo Duterte made this decision during the 45th …
Read MoreThis capital town of Benguet not only receives a spillover of the tourists who go to Baguio but also a visit here completes the experience of the visitors to the country's summer capital, through its strawberry picking activity.
We were told by many tourists who …
Read MoreThe Department of Agriculture (DA) is targeting to produce 19.6 million metric tons (MMT) of palay (unhusked rice) in 2020.
According to a statement on Tuesday, Agriculture Secretary William Dar said the projected palay harvest for this year would be 3 percent more than the …
Read MoreThis capital town of Benguet and Sablan town will jointly host a 20-megawatt hydroelectric power plant expected to be operational 20 months after it starts construction in March.
La Trinidad will host the weir (low head dam) while the power plant will be in Sablan.…
Read MoreAn official of banking giant HSBC forecasts better output for the Philippine economy this and next year, with output seen at 6.4 percent and 6.5 percent, respectively, making the country among the best in the world.
In a briefing on Tuesday, HSBC managing director and …
Read MoreThe Philippines' inflation rate further accelerated in December 2019 to 2.5 percent but the Bangko Sentral ng Pilipinas (BSP) is not worried, saying the level remains within its projection.
Faster inflation of electricity rates, petroleum products, select food items, and the base effects of the …
Read MoreThe annual Pahalik or the kissing of the image of the Black Nazarene began on Monday, two days earlier than its usual schedule.
In an interview on Tuesday, Msgr. Hernando Coronel, the rector of the Minor Basilica of the Black Nazarene, popularly known as Quiapo …
Read MoreSenator Sonny Angara on Monday said the signing of the PHP4.1-trillion General Appropriations Act of 2020 by President Rodrigo Duterte signals the start of the implementation of more flagship projects that are meant to improve the lives of the Filipino people.
The 2020 GAA could …
Read MoreTop officials of electric cooperatives in Eastern Visayas have asked power consumers to be patient and stop making harsh comments against linemen tasked to restore electricity damaged by Typhoon Ursula (Phanfone).
Electric cooperatives managers said they understand the predicament of member-consumers, however, making or posting …
Read MoreGeopolitical concerns on the Middle East continue to worry investors, resulting in the weakness of Philippine equities index but the peso was able to stay firm against the US dollar.
The local currency finished the week's first trading day at 50.93 from 51.09 close at …
Read MoreHouse Deputy Speaker Michael Romero on Monday said increased public spending is key in attaining the government's target of a 6.5-percent to 7.5-percent gross domestic product (GDP) growth in 2020.
Romero said government agencies must spend their respective budgets without delay for maximum economic growth …
Read MoreMore than PHP3 million from the proceeds of a power generator, which was shared to the Misamis Oriental provincial government, will be spent to build a tourism destination site in Claveria town.
Lawyer Jeffrey Saclot, provincial tourism officer, said the construction of the Misamis Oriental …
Read MoreThe Bureau of Fire Protection (BFP) recorded an increase of PHP2.8 million worth of properties damaged by fire incidents in 2019 compared to the previous year.
Senior Insp. Douglas Zabala, deputy city fire marshal, said on Friday the worth of properties destroyed by fire in …
Read MoreAirAsia Philippines on Friday announced an increase in the flight frequencies of eight routes in the first quarter of 2020.
Beginning January, the carrier confirmed it has already increased the frequencies of the following flights:
Clark-Iloilo; Iloilo-Clark -- from three times a week to daily; …
Read MoreChina is beefing up its efforts to transform its state-owned broadcast firms into world-class mainstream media organizations.
Shen Haixiong, president of China Media Group (CMG), made the statement in a New Year's message to overseas audiences carried through China Radio International (CRI) and through social …
Read MoreThe Business Permits and Licensing Division (BPLD) has processed over 300 applications Thursday, the first day of operations of the Business One Stop Shop (BOSS) here.
BPLD chief Benjie Barredo said Friday the BOSS has been set up at Centro Latino Convention Hall of the …
Read MoreThe Department of Trade and Industry in Western Visayas (DTI 6) assured on Friday that it monitors the prices of commodities in the towns affected by typhoon Ursula (international name Phanfone) on Christmas day.
This is to ensure that no business establishment overprices its goods, …
Read MoreA total of 17,008 enterprises in Negros Occidental applied for business name registration in 2019, records of the Department of Trade and Industry (DTI) here showed.
This is about 36 percent higher compared to a total of 12,536 registered business names in 2018.
Engiemar Tupas, …
Read MoreMANILA�The chairperson of the House Committee on Economic Affairs on Thursday highlighted the role of food waste reduction in spurring economic growth and improving agricultural production.
Citing the recently published 2019 State of Food and Agriculture Report by the Food and Agriculture Organization, AAMBIS-OWA Party-list …
Read MoreThe Philippine economy remained one of the best performers in Asia after rebounding from an initial slowdown in the first two quarters of 2019 amid obstacles, reflecting the government's spending catch-up and easing inflation.
Socioeconomic Planning Secretary and National Economic and Development Authority (NEDA) Director …
Read MoreAs the City of Mati in Davao Oriental drumbeats its tourism and propelled its economy, a big fast-food chain company joined its development by opening its first franchise store in the city on Saturday.
Mayor Michelle Rabat led the opening of the first Mcdonald's branch …
Read MoreThe Department of Social Welfare and Development (DSWD) on Friday started the distribution of relief goods in Babatngon town in Leyte after Typhoon Ursula crossed Eastern Visayas on Christmas Eve.
A total of 470 family food packs were initially transported to the town after receiving …
Read MoreOwners of enterprises in Negros Occidental are urged to process their business name registration with the Department of Trade and Industry (DTI) early to avoid the crowd in the coming year.
Engiemar Tupas, officer-in-charge of the Industry Development Division of DTI-Negros Occidental, said since the …
Read MoreThe Philippines' agriculture sector is set to post robust growth of at least 2.5 percent in the last three months of 2019, despite natural and man-made challenges.
Department of Agriculture (DA) Secretary William D. Dar said the country's agri-fishery sector is expected to grow modestly …
Read MoreIlocos Norte have seen the growth of micro, small and medium enterprises (MSMEs) as they have stirred the province's economic growth, employment, innovation and poverty alleviation in 2019.
As the year ends, the 24th Partuat ti Kailokuan Trade Fair held for the first time at …
Read MoreThe country's 8-millionth foreign tourist, who arrived on Friday, is a Japanese couple who frequents the Philippines for its lush mangoes and hospitable people.
Husband and wife, Tamio and Yachiyo Imamoto, were welcomed by the Department of Tourism Assistant Secretary Roberto Alabado III and a …
Read MoreThe 12th edition of the Lights of Bago, the annual musical fireworks show of Bago City, Negros Occidental held every first of January, will highlight the need for awareness on human immunodeficiency virus and acquired immunodeficiency syndrome (HIV/AIDS).
There seems to be an alarming trend …
Read MoreHigher government revenues, easier conduct of business, more efficient tax administration, and healthier people will help bring down poverty incidence by 2022.
These characterize the results of some of the Department of Finance's (DOF) programs under the Duterte administration so far this 2019.
Despite the …
Read MoreHigher government revenues, easier conduct of business, more efficient tax administration, and healthier people will help bring down poverty incidence by 2022.
These characterize the results of some of the Department of Finance's (DOF) programs under the Duterte administration so far this 2019.
Despite the …
Read MoreCentral Luzon's staging of the 30th Southeast Asian (SEA) Games helped boost the region's tourism and economic growth.
Amid the mild domestic challenges that Central Luzon experienced in the past months, the holding of various sporting events in several areas in the region spiked the …
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