Pinoy Business News

Pinoy Business News

  • ARTHALAND’s Property Management Arm Utilizes Amazon Web Services (AWS) to Enhance Delivery of...
    by ilucas on November 27, 2020 at 7:55 am

    ARTHALAND, the country’s foremost developer of sustainable and green properties and Amazon Web Services, Inc. (AWS), the world’s most comprehensive and broadly adopted cloud platform offering over 175 fully-featured services from data centers globally, is working on the use of new technology to further enhance Emera Property Management’s delivery of services. Emera Property Management is The post ARTHALAND’s Property Management Arm Utilizes Amazon Web Services (AWS) to Enhance Delivery […]

  • Philippines, private firms sign vaccine supply deal with AstraZeneca
    by ABS-CBN News on November 27, 2020 at 7:45 am

    The Philippines and private firms inked Friday a supply agreement for British drug group AstraZeneca's potential COVID-19 vaccine, the first such deal in a country aiming to further reopen its economy that has been ravaged by the pandemic.  

  • AC Energy raises $300-M from 'green bonds', proceeds to pay off debt, fund projects
    by ABS-CBN News on November 27, 2020 at 7:34 am

    Newly renamed AC Energy and Infrastructure Corp. said Friday it raised $300 million from its dollar-denominated green bonds issue to partly refinance maturing debt and fund renewable energy projects.  

  • Farmgate price for palay down 20% in October to P15.36
    by evalderrama on November 27, 2020 at 7:27 am

    MANILA, Philippines — The average farmgate price for dry palay has sunk to its lowest this year just as farmers from typhoon-hit provinces continue to reel from losses due to the series of typhoons that hit this month. From a high of P19.18 per kilogram in May, the average price has fallen by as much The post Farmgate price for palay down 20% in October to P15.36 appeared first on Inquirer Business.

  • Buildup of PH dollar flow surplus continues thanks to lower imports, gov’t foreign loans
    by clopez on November 27, 2020 at 7:12 am

    MANILA, Philippines — The amount of dollars that the Philippine economy has retained almost doubled in the in the first ten months of 2020 compared to the same period last year, as the coronavirus pandemic forced individuals and companies to cut down on their spending for imported goods and services. At the same time, data The post Buildup of PH dollar flow surplus continues thanks to lower imports, gov’t foreign loans appeared first on Inquirer Business.

  • Ilang Christmas shopping hubs inihahanda para sa Pasko
    by ABS-CBN News on November 27, 2020 at 7:11 am

    Inaasahan ang bulto ng mga mamimili para sa Kapaskuhan habang tuloy ang pandemya. 

  • Green energy seen at brink of return as top power source in 2040
    on November 27, 2020 at 6:59 am

    Green energy’s rise would be a consequence of a drop in oil and coal use over the next 2 decades and massive future investments in renewables.

  • BSP: new digital banks subject to same risk standards as conventional counterparts
    by clopez on November 27, 2020 at 6:23 am

    MANILA, Philippines — Digital banks that will be put up under the central bank’s new framework for a new category of financial institutions that will operate without physical branches will be subject to the same level of prudential controls and risk mitigation measures as their established conventional counterparts. Thus said the Bangko Sentral ng Pilipinas The post BSP: new digital banks subject to same risk standards as conventional counterparts appeared first on Inquirer Business.

  • Megawide commits 'no flight delays' within 6 months after NAIA rehabilitation
    by ABS-CBN News on November 27, 2020 at 5:48 am

    Megawide committed on Friday that there will be no flight delays after 6 months of taking over operations of the Ninoy Aquino International Airport (NAIA), confident of their expertise in airport operations.

  • Dyson hiring 400 software engineers in PH for new hub in Muntinlupa
    by ABS-CBN News on November 27, 2020 at 5:17 am

    British technology firm Dyson, known for its "bagless vacuum cleaner" on Friday said they are in need of 400 highly-skilled engineers for a new dedicated software hub to rise in Alabang, Muntinlupa City.

  • Conference highlights promising future for the pharmacy profession in PH
    by vcatibog on November 27, 2020 at 4:22 am

    The several strides and milestones achieved by the Philippine Pharmacists Association (PPhA) resulted in expanding opportunities for Philippine pharmacists. With PPhA’s efforts, the integral role of pharmacists in patient management is now more recognized by the Filipino public. In addition to reliably filling prescriptions behind the drugstore counter, pharmacists are now known for their close The post Conference highlights promising future for the pharmacy profession in PH appeared first […]

  • 25 years of Inventing for Life and Giving Back to the Filipino Community
    by vcatibog on November 27, 2020 at 4:09 am

    The year 2020 has been fraught with unprecedented healthcare challenges, brought largely by the COVID-19. Private and public healthcare institutions were stretched beyond capacity, in their efforts to continue delivering services amidst the limits set by the pandemic.   As part of the health community, MSD in the Philippines, a leading global biopharmaceutical company, stepped up The post 25 years of Inventing for Life and Giving Back to the Filipino Community appeared first on Inquirer […]

  • Fintech players welcome new digital banking framework as consumers move to virtual realm
    by ABS-CBN News on November 27, 2020 at 3:30 am

    Financial technology and digital industry players welcomed the BSP's approval of a digital banking framework, as part of efforts to extend financial services. The Philippine central bank on Thursday approved rules allowing the creation and licensing of digital banks as consumers increasingly turn to the virtual realm for banking.

  • Asia markets ease back as investors take breath after rally
    by ggaviola on November 27, 2020 at 3:19 am

    HONG KONG, China  – Asian markets drifted Friday as investors took their feet off the pedal after rallying for the past month on vaccine optimism and easing US political uncertainty. Hopes are high that with at least three inoculations close to being rolled out, life can begin to get back to normal next year and The post Asia markets ease back as investors take breath after rally appeared first on Inquirer Business.

  • Coronavirus task force OKs higher load for commissioned shuttle services
    by Jamaine Punzalan, ABS-CBN News on November 27, 2020 at 3:07 am

    The Philippines' coronavirus task force has approved a higher passenger load for commissioned shuttle services, Malacañang said Friday, easing another restriction in an apparent bid to help the country’s battered economy recover from recession.   

  • Dyson to invest $3.7 billion to double product range by 2025
    by Paul Sandle, Reuters on November 27, 2020 at 3:01 am

    Dyson, the inventor of the bagless vacuum cleaner, said it would invest 2.75 billion pounds ($3.67 billion) in new technology in the next five years to double its product portfolio, including devices that would take it beyond the home.

  • Shell Bolsters Fuel Supply Amid Economic Recovery Efforts
    by ilucas on November 27, 2020 at 2:05 am

    Pilipinas Shell has opened another import facility in Subic to strengthen its supply chain to the northern parts of the nation and in support of Government’s efforts to jumpstart the economy amidst the COVID-19 pandemic. The Philippine economy saw a 16.9 percent dip in Gross Domestic Product (GDP) during the second quarter of this year, The post Shell Bolsters Fuel Supply Amid Economic Recovery Efforts appeared first on Inquirer Business.

  • Turning the COVID-19 challenge into viable business transformation
    by ilucas on November 27, 2020 at 2:01 am

    In the wake of the on-going pandemic, experts consider it as the biggest experimental run on remote working. In the past, if you will ask businesses to shift to remote working, they will be hesitant to implement it in their company as it is something unimaginable for them since it requires a new way of The post Turning the COVID-19 challenge into viable business transformation appeared first on Inquirer Business.

  • Britain to curb Google and Facebook with tougher competition rules
    by Paul Sandle, Reuters on November 27, 2020 at 12:50 am

    Britain will impose a new competition regime next year to prevent Google and Facebook using their dominance to push out smaller firms and disadvantage consumers.

  • Cleaning up: COVID-19 vaccine will not derail disinfectants market, industry exec says
    by Jason Cairnduff, Reuters on November 26, 2020 at 9:32 pm

    NORTHWICH - Vaccines against COVID-19 will take some steam out of the market for hygiene products, but demand will remain above pre-pandemic levels as frequent hand-cleaning is here to stay, an executive at Ecolab, a leading firm in the sector, said on Thursday.

  • PAL, banks grapple with looming $5-B debt rehab–biggest in PH history
    by clopez on November 26, 2020 at 9:20 pm

    The total liabilities of Philippine Airlines (PAL)—including its outstanding obligations to foreign aircraft suppliers—stand at almost $5 billion, making its proposed debt restructuring plan the largest in the country’s history. “This [amount] is due to new accounting rules on [aircraft] leases that were implemen­ted in 2019,” a company insider told the Inquirer, even as he The post PAL, banks grapple with looming $5-B debt rehab–biggest in PH history appeared first on Inquirer […]

  • Gov’t aims to raise P120B via T-bills, T-bonds sale in December
    by clopez on November 26, 2020 at 9:20 pm

    The Bureau of the Treasury (BTr) will raise P120 billion through the sale of T-bills and bonds in December, its last hurrah for the year marked by massive borrowings to finance the fight against COVID-19. In a Nov. 25 memorandum to all government securities eligible dealers, National Treasurer Rosalia V. de Leon said the Treasury The post Gov’t aims to raise P120B via T-bills, T-bonds sale in December appeared first on Inquirer Business.

  • Converge IPO draws in ‘hot money,’ but not enough to stem year’s outflows
    by clopez on November 26, 2020 at 9:18 pm

    “Hot money” investments in the Philippines yielded net inflows of $439 million in October after seven consecutive months of net outflows starting March this year, according to the central bank. Data provided by the Bangko Sentral ng Pilipinas (BSP) showed this development was a result of gross inflows of $1.4 billion, which outpaced the $913-million The post Converge IPO draws in ‘hot money,’ but not enough to stem year’s outflows appeared first on Inquirer Business.

  • PSEi falls for 3rd straight session, closes below 7,000
    by clopez on November 26, 2020 at 9:14 pm

    The local stock barometer fell below the 7,000 mark on Thursday as foreign investors pared down holdings ahead of the MSCI rebalancing while port operator International Container Terminal Services Inc.’s (ICTSI) treasury share also gnawed on sentiment. The main-share Philippine Stock Exchange index (PSEi) shed 73.76 points, or 1.05 percent, to close at 6,927.75, bucking The post PSEi falls for 3rd straight session, closes below 7,000 appeared first on Inquirer Business.

  • Cavite scrutinizes partner’s financial power to build Sangley airport
    by clopez on November 26, 2020 at 9:12 pm

    The Cavite government is already evaluating the final submission of a China-backed consortium for the proposed Sangley Point International Airport (SPIA) project, according to Gov. Jonvic Remulla. The review was meant to ensure the strength of their joint venture for a new air gateway that would eventually rival Manila’s Ninoy Aquino International Airport (Naia). “The The post Cavite scrutinizes partner’s financial power to build Sangley airport appeared first on Inquirer Business.

  • Coal remains top fuel source of PH power plants
    by clopez on November 26, 2020 at 9:10 pm

    The Philippines remains heavily reliant on coal, with the fossil fuel powering 54 percent of the total electricity output even during the coronavirus pandemic, data from the Wholesale Electricity Spot Market (WESM) show. According to the WESM manager, the Independent Electricity Market Operator of the Philippines (Iemop), there were 9,042 megawatts of coal-fired power generating The post Coal remains top fuel source of PH power plants appeared first on Inquirer Business.

  • ATN aims to hit P1B in sales
    by clopez on November 26, 2020 at 9:08 pm

    Holding firm ATN Holdings aims to sell about P1 billion worth of premium construction materials this year and next year as part of its transformation into a key producer of rock aggregates and precast concrete required by big-ticket infrastructure builders. “The government’s ‘Build, Build, Build’ program has been tagged as a key strategic driver of The post ATN aims to hit P1B in sales appeared first on Inquirer Business.

  • Social enterprises a ray of hope amid recession
    by clopez on November 26, 2020 at 9:01 pm

    The country’s economic recession triggered by the devastating COVID-19 pandemic has closed many local businesses and left some 4.6 million Filipinos without a job in July. And as if the public health and economic crises were not enough, the already struggling local economy was further pummeled by consecutive strong typhoons. Resilient social enterprises, however, provide The post Social enterprises a ray of hope amid recession appeared first on Inquirer Business.

  • Mastering the ABCs of the book business
    by clopez on November 26, 2020 at 9:00 pm

    Rex Book Store Inc. is one of the largest suppliers of textbooks to major schools across the country. It is celebrating its 70th year in 2020 and here, Rex Book Store chief operating officer Don Buhain shares his thoughts on the competitive book business. Q: Rex has chosen to focus on the school segment instead The post Mastering the ABCs of the book business appeared first on Inquirer Business.

  • Crypto exchange Coinbase hit by connection, latency problems as bitcoin plummets
    by Tom Wilson, Reuters on November 26, 2020 at 6:24 pm

    LONDON - Cryptocurrency exchange Coinbase said on Thursday its retail and professional-focused platforms were hit by tech problems, with users reporting difficulty trading as bitcoin plunged towards its biggest one-day drop since September.

  • BSP recognizes 'digital bank' as new bank category
    by ABS-CBN News on November 26, 2020 at 5:09 pm

    The Bangko Sentral ng Pilipinas' (BSP) Monetary Board has officially recognized "digital bank" as a new bank category, in line with its Digital Payments Transformation Roadmap which seeks to streamline financial technology in the country.  

  • Moral relativism: The modern malady
    by MERCEDES B. SULEIK on November 26, 2020 at 4:09 pm

    I am sure that, at one time or another, you have heard or said any or all the following statements, or others similar to them, that are now bandied about in ordinary conversation as if they were truths about which no one could disagree: – What’s true for you may not be true for me.

  • Impulsive financial decisions to avoid in the new normal
    by Ricky Publico on November 26, 2020 at 4:08 pm

    The “new normal” is far from the buzzword we all knew when the coronavirus pandemic started. Basically, we’re living in the new normal now and all things considered, we’re doing okay — except for the impulse purchases and other financial setbacks along the way. It’s okay to stumble and fall when it comes to your

  • US suffering to rise without stimulus – Fed
    by Agence France-Presse on November 26, 2020 at 4:07 pm

    Officials at the Federal Reserve feared the US economy was on a course for renewed pain without Congress approving more stimulus to help its recovery from the pandemic, according to minutes of the central bank’s latest policy meeting released Wednesday. Members of the Federal Open Market Committee (FOMC) also considered future changes in its strategy

  • Ex-WB president Wolfenson dies at 86
    by Agence France-Presse on November 26, 2020 at 4:03 pm

    MANHATTAN: James Wolfensohn, an investment banker who helped straighten out the finances of major American cultural institutions and served as president of the World Bank, died Wednesday (Thursday in Manila) at the age of 86. World Bank Group President David Malpas paid tribute, saying that Wolfensohn “sharpened its focus on poverty reduction and redoubled its

  • China backs G20’s debt relief offer
    by The Manila Times on November 26, 2020 at 4:02 pm

    BEIJING: The G20 is expected to endorse a plan to extend a debt-servicing moratorium for poor and highly indebted economies in the developing world by six months to mid-2021, said the G20 communique released on Sunday, as the coronavirus pandemic has hit the most vulnerable nations in the world hardest. “We are committed to implementing

  • TikTok sale extended until December 4
    by Agence France-Presse on November 26, 2020 at 4:01 pm

    NEW YORK: The US Treasury on Wednesday (Thursday in Manila) said it had extended by seven days the November 27 deadline given to the Chinese owner of TikTok to sell the popular social media platform’s American business. “The Committee on Foreign Investment in the United States (CFIUS) has granted ByteDance a one-week extension, from November

  • Stock indices as of November 26, 2020
    by The Manila Times on November 26, 2020 at 4:00 pm
  • BSP issues framework for digital banking
    by Lawrence Agcaoili on November 26, 2020 at 4:00 pm

    The Bangko Sentral ng Pilipinas has issued the regulatory framework on digital banks in its bid to promote market efficiencies and expand the access of Filipinos to a broad range of financial services.

  • SSS needs P38 billion yearly to fund pension increase
    by Mary Grace Padin on November 26, 2020 at 4:00 pm

    State-run Social Security System will need to shell out about P38 billion in additional expenses a year to fund the proposed second tranche of P1,000 pension hike, an official said yesterday.

  • DTI developing mobile app for halal products
    by Louella Desiderio on November 26, 2020 at 4:00 pm

    he Department of Trade and Industry is developing a mobile app intended to raise awareness and provide easy access to halal products and services.

  • Security Bank exec sees 9.9% GDP contraction
    by Lawrence Agcaoili on November 26, 2020 at 4:00 pm

    The country’s gross domestic product may contract by 9.9 percent this year due to the impact of COVID-19 pandemic, according to a Security Bank official.

  • Zuellig Pharma expands storage
    by Louella Desiderio on November 26, 2020 at 4:00 pm

    Healthcare services provider Zuellig Pharma is expanding its cold storage warehouse capacity in the Philippines and other markets in Asia as it expects a surge in demand for storage and distribution of coronavirus disease 2019 vaccines.

  • BOI seen to hit P1-trillion target
    by Louella Desiderio on November 26, 2020 at 4:00 pm

    The Board of Investments is confident it would hit its P1-trillion target for project approvals this year despite the coronavirus pandemic.

  • AgriNurture adds unique rice-corn blend to portfolio
    by Louise Maureen Simeon on November 26, 2020 at 4:00 pm

    Agriculture trading firm AgriNurture Inc. has inked a memorandum of agreement with the Philippine International Trading Corp. for the importation of raw materials to produce the “BigMa” (bigas-mais or rice-corn) blend.

  • Senate approves P86 billion DA budget
    by Louise Maureen Simeon on November 26, 2020 at 4:00 pm

    The Senate has approved the proposed P85.58 billion budget of the Department of Agriculture for 2021 as the sector is seen as key to the recovery of the country’s economy.

  • Vista Land Internationa taps Ohmyhome for digital services
    on November 26, 2020 at 4:00 pm

    Vista Land International Marketing Inc.

  • SMDC Wins Big at the 8th PropertyGuru Awards
    by ilucas on November 26, 2020 at 9:18 am

    Real estate giant SM Development Corporation (SMDC) brought home several awards at the 8th Property Guru Awards, including the most coveted Best Developer — a testament to its standards of excellence in real estate development. The awards ceremony was held virtually last night, November 25. The 8th PropertyGuru Philippines Awards is spearheaded by the PropertyGuru The post SMDC Wins Big at the 8th PropertyGuru Awards appeared first on Inquirer Business.

  • Full-year investment flows in PH still in the red even after push from IT firm’s IPO
    by tbergonia on November 26, 2020 at 9:06 am

    MANILA, Philippines—So-called hot money investments in the Philippines yielded net inflows of $439 million in October after seven straight months of net outflows that started in March, according to the Bangko Sentral ng Pilipinas (BSP). Data provided provided by the regulator showed that the positive figure came as gross inflows of $1.4 billion outpaced the The post Full-year investment flows in PH still in the red even after push from IT firm’s IPO appeared first on Inquirer Business.

  • DTI may babala sa mga di sumusunod sa price freeze
    by ABS-CBN News on November 26, 2020 at 8:48 am

    Nagbanta ng multa at kulong ang Department of Trade and Industry sa mga negosyanteng hindi sumunod sa price freeze ng mga pangunahing bilihin sa Luzon.

  • BDO completes takeover of BDO Nomura from Japanese partner
    by ABS-CBN News on November 26, 2020 at 8:23 am

    BDO Unibank on Tuesday said it completed the takeover of BDO Nomura, after Japanese financial services giant Nomura exited their stock brokerage partnership.

  • Private sector to procure up to 3 million vaccine doses, says presidential adviser
    by ABS-CBN News on November 26, 2020 at 8:03 am

    The private sector is procuring up to 3 million doses of the COVID-19 vaccine from British-Swedish pharmaceutical company AstraZeneca to augment the government's vaccine drive, one of the country's presidential advisers said Wednesday.

  • Shop for a Cause This Christmas at Globe myBusiness Gift Local E-Bazaar
    by ilucas on November 26, 2020 at 5:08 am

    Christmas shopping has always been an exciting tradition during the holidays where everyone is filled with the spirit of giving and the desire to find that perfect gift for their friends and loved ones. And no matter how different this year’s celebration is, you can still recreate the holiday shopping experience from home, and even The post Shop for a Cause This Christmas at Globe myBusiness Gift Local E-Bazaar appeared first on Inquirer Business.

  • Asian markets mixed as virus, weak data subdue vaccine rally
    by ggaviola on November 26, 2020 at 4:08 am

    HONG KONG, China  – Asian traders took a breather Thursday after this month’s vaccine-fuelled markets rally, with profit-takers moving in while keeping an eye on virus infections across the globe that are forcing governments to impose containment measures. With at least three inoculations in the pipeline and possibly rolled out within weeks, the general mood The post Asian markets mixed as virus, weak data subdue vaccine rally appeared first on Inquirer Business.

  • Factory work or waiting tables? Japanese workers pick their least-stressful jobs
    by ccepeda on November 26, 2020 at 3:02 am

    In a poll, almost 20% of Japanese workers said that warehouse or factory jobs were the least stressful roles they’ve had. The post Factory work or waiting tables? Japanese workers pick their least-stressful jobs appeared first on Inquirer Business.

  • Dow retreats from 30,000-point record, Nasdaq at new high
    by ggaviola on November 25, 2020 at 10:33 pm

    NEW YORK – One day after crossing the 30,000-point mark for the first time ever, the Dow retreated at the close of trading Wednesday, though the Nasdaq finished at a new high. While the wider US economy suffers unevenly from the Covid-19 pandemic, Wall Street has charged ahead in recent months, buoyed by the promise The post Dow retreats from 30,000-point record, Nasdaq at new high appeared first on Inquirer Business.

  • 10-month budget gap swells to P940.6B
    by clopez on November 25, 2020 at 9:20 pm

    The budget deficit widened to P940.6 billion as of October, more than half of the expected full-year gap, as revenues continued to drop year-on-year despite rising expenditures to fight COVID-19. The Bureau of the Treasury’s cash operations report released on Wednesday showed that the government spent P3.31 trillion from January to October while it collec­ted The post 10-month budget gap swells to P940.6B appeared first on Inquirer Business.

  • PAL eyes US court protection from creditors amid COVID-19
    by clopez on November 25, 2020 at 9:20 pm

    Philippine Airlines (PAL) is considering the filing of bankruptcy court protection in the United States as it seeks time to restructure debts and ensure continued operations while the COVID-19 pandemic crushes demand for air travel around the world. Sources told the Inquirer a final decision has yet to be made although the filing—the first ever The post PAL eyes US court protection from creditors amid COVID-19 appeared first on Inquirer Business.

  • Gov’t dominates local bond market
    by clopez on November 25, 2020 at 9:18 pm

    Government securities boosted the Philippines’ bond market amid the prolonged pandemic as the Bureau of the Treasury raised more debt to finance the fight against COVID-19, the Asian Development Bank (ADB) said on Wednesday. The Manila-based multilateral lender’s Asia Bond Monitor report for November 2020 showed that government IOUs cornered 79.9 percent of the total The post Gov’t dominates local bond market appeared first on Inquirer Business.

  • PH aims for sustainable fishing with $220-M loan from World Bank
    by clopez on November 25, 2020 at 9:16 pm

    The World Bank will extend a $220-million loan to the Philippines next year to enhance the country’s marine resource management by controlling the harvest in some of its fishing grounds while also supporting livelihoods. Documents showed the World Bank’s Washington-based board was expected to approve on July 30, 2021, the Fisheries and Coastal Resiliency Project The post PH aims for sustainable fishing with $220-M loan from World Bank appeared first on Inquirer Business.

  • DOF: Annual fund to combat climate change underutilized
    by clopez on November 25, 2020 at 9:14 pm

    Despite a replenishable P1-billion People’s Survival Fund for climate adaptation projects, only less than a third of the financing made available five years ago had been tapped by local governments and community organizations, the Department of Finance (DOF) said on Wednesday. Citing a report from the Bureau of the Treasury, the DOF said the People’s The post DOF: Annual fund to combat climate change underutilized appeared first on Inquirer Business.

  • PSEi closes down 1.5%, settles at slightly above 7,000
    by clopez on November 25, 2020 at 9:12 pm

    The local stock barometer pulled back to the 7,000 level on Wednesday as investors trimmed their exposure to key stocks that have hit overbought levels. The main-share Philippine Stock Exchange index (PSEi) lost 107.16 points, or 1.51 percent, to close at 7,001.51. “Local shares were sold ahead of the (US) Thanksgiving holiday, while foreign funds The post PSEi closes down 1.5%, settles at slightly above 7,000 appeared first on Inquirer Business.

  • Going digital
    by clopez on November 25, 2020 at 9:10 pm

    My book on family businesses is now an e-book! Ruel de Vera, Inquirer Books head, says: “I am proud to present the second product of our Inquirer Books Digital Originals line, the e-book of the bestselling ‘All in the Family Business,’ already on second printing and selling briskly on Shopee and Lazada. This e-book version The post Going digital appeared first on Inquirer Business.

  • Budget deficit widens to P61.4B in October
    by Mayvelin U. Caraballo, TMT on November 25, 2020 at 5:43 pm

    The government’s fiscal gap ballooned year-on-year to P61.4 billion in October amid lower revenues and expenditures during the month, according to the Bureau of the Treasury (BTr). Data from the Treasury bureau showed on Wednesday that the shortfall was bigger than the P49.3-billion deficit a year earlier, but smaller than the P138.5-billion gap in September.

  • HKTDC enhances digital experience for SMEs amid pandemic
    by Arlo Custodio on November 25, 2020 at 5:42 pm

    Upgraded sourcing platform, virtual fair boost business connections The Hong Kong Trade Development Council (HKTDC) has upgraded its hktdc.com sourcing platform in the run-up to the “Autumn Sourcing Week | Online” virtual exhibition, helping small and medium-sized enterprises (SMEs) capture global business opportunities and adapt to digital sourcing models in the new normal. HKTDC Deputy

  • PAL prepares recovery plan, seeks protection
    by Lisbet K. Esmael on November 25, 2020 at 5:39 pm

    Philippine Airlines (PAL) announced on Wednesday that it was working on a plan to restructure its debt and rebound from the coronavirus disease 2019 (Covid-19) pandemic, which continues to expand the air carrier’s losses and to batter the industry worldwide. In a statement, the Lucio Tan-led flag carrier said its “management and stakeholders continue to

  • Revenue collections defy pandemic, exceed targets in Central Luzon
    by tbergonia on November 25, 2020 at 11:04 am

    OLONGAPO CITY—Despite the ongoing COVID-19 pandemic, revenue collection by the Bureau of Internal Revenue (BIR) in Central Luzon surpassed its target for October by over 60 percent. Data from the BIR showed that the 11 revenue district offices in the region had a combined revenue of more than P2.5 billion, which was higher than the The post Revenue collections defy pandemic, exceed targets in Central Luzon appeared first on Inquirer Business.

  • Globe Business paves way for Braver Leadership at Lead-In 2020
    by vcatibog on November 25, 2020 at 9:23 am

    Globe Business, the enterprise arm of Globe Telecom, gathered over 850 guests including thought leaders, business executives, media, and industry partners, in its virtual Leadership Innovation (Lead-In) Forum held recently. In response to COVID-19’s unprecedented setbacks to enterprises across the Philippines, Globe seized the opportunity to outline a relevant discourse during Lead-In, hinging on the The post Globe Business paves way for Braver Leadership at Lead-In 2020 appeared first on […]

  • BOI calls for more manufacturing companies to repurpose facilities and help reshape...
    by kgabaldon on November 25, 2020 at 8:00 am

    Manufacturing continues to be one of the most significant industries in the country, with its multiplier effect on high-value employment, income, and outputs, and its strong inter-industry and inter-sectoral linkages. Growth in the industry also results in upgrades and diversification in the agricultural sector and increases the demand for higher-value services. The ongoing lockdowns, social The post BOI calls for more manufacturing companies to repurpose facilities and help reshape […]

  • 110 years for the Filipino: Lessons of hope, courage, and overcoming the pandemic 
    by kgabaldon on November 25, 2020 at 1:00 am

    Eleven decades and one would think, you’ve seen them all. But each of these periods is unique unto themselves; they are different from each other with their own distinctive highlights.   What is certain is that Insular Life (InLife), has been for the Filipino all these 110 years.  And these past eleven decades presented interesting experiences The post 110 years for the Filipino: Lessons of hope, courage, and overcoming the pandemic  appeared first on Inquirer Business.

  • Nestlé Philippines supports mandatory Extended Producer Responsibility for plastic waste
    by ilucas on November 24, 2020 at 11:00 pm

    A milestone in tackling the complex and urgent issue of plastic waste in the country was achieved last August, September, and October as Nestlé Philippines attained plastic neutrality, collecting an amount of plastic equivalent to what it generated from its packaging sold in the market in those three months. The company recovered and diverted from The post Nestlé Philippines supports mandatory Extended Producer Responsibility for plastic waste appeared first on Inquirer Business.

  • Beef, vegetables included in SRP list
    by besguerra on November 24, 2020 at 8:09 pm

    The Department of Agriculture (DA) on Monday expanded the number of agricultural commodities with a suggested retail price (SRP), which is also the basis for the price freeze being imposed in public markets and supermarkets in Metro Manila. Agriculture Undersecretary Kristine Evangelista said in a phone interview that the decision to other items, especially vegetables, The post Beef, vegetables included in SRP list appeared first on Inquirer Business.

  • BSP chief vows faster fund transfers
    by besguerra on November 24, 2020 at 8:08 pm

    The central bank may soon allow large-scale electronic transactions to be settled through its clearing house during nonbanking days in an effort to make the local payments infrastructure more efficient. In particular, Bangko Sentral ng Pilipinas Gov. Benjamin Diokno said this policy would depend on enhancements currently being prepared for the PESONet framework to make The post BSP chief vows faster fund transfers appeared first on Inquirer Business.

  • PSEi slips by 0.97% on profit-taking
    by besguerra on November 24, 2020 at 8:07 pm

    Investors’ optimism about developments on new coronavirus vaccine allowed the local stock barometer to test the 7,200 mark in intra-ay trade before succumbing to profit-taking on Tuesday. The main-share Philippine Stock Exchange index (PSEi) slipped by 69.95 points or 0.97 percent to close at 7,108.67. The market has gone back to levels last seen prior The post PSEi slips by 0.97% on profit-taking appeared first on Inquirer Business.

  • P650B worth of infra projects await Neda OK
    by besguerra on November 24, 2020 at 8:04 pm

    The economic team is seeking President Duterte’s go-ahead to extend by three years the validity of the Japanese loan earmarked for the capacity expansion of two upcoming Light Rail Transit (LRT) lines. In all, 27 projects funded by official development assistance (ODA) and the national budget worth over P650 billion were pending various stages of The post P650B worth of infra projects await Neda OK appeared first on Inquirer Business.

Advertisment ad adsense adlogger