The Bangko Sentral ng Pilipinas (BSP) lowered the country’s balance of payments (BoP) surplus projection for this year, reflecting the lower current account surplus and the risks arising from the spread of the more infectious coronavirus variant and delays in the vaccine rollout. The Monetary Board on Thursday approved the revised BoP projections for 2021 and 2022. The BoP is now projected […]
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SEC wants over 800 companies listed at the stock exchange by 2024
The Securities and Exchange Commission (SEC) is encouraging more companies to tap the capital markets, in hopes that there would be over 800 companies listed at the Philippine Stock Exchange (PSE) by 2024. “We challenge ourselves that by the time we celebrate our 88th year anniversary on November 11, 2024, there are at least 888 companies that […]
BPOs allowed to continue WFH scheme until March
Outsourcing firms operating in economic zones are allowed to implement remote work arrangements until March 2022 as the pandemic continues, the Finance department said in a statement. The Fiscal Incentives Review Board (FIRB) has issued Resolution No. 19-21 which allows Information Technology and Business Process Management (IT-BPM) firms in ecozones to adopt up to 90% […]
Metro Manila retail price growth slowest in five months in July
RETAIL PRICE growth of general goods in the National Capital Region eased to its slowest pace in five months in July, the Philippine Statistics Authority (PSA) reported on Friday. The general retail price index (GPRI) registered a 1.8% growth in July, decelerating from the 2% rise in June but faster than the 1.5% a year ago. The July performance marked […]
Exporters call for changes to PHL shipping rules
Exporters and logistics groups are proposing longer-term changes to Philippine shipping rules to allow domestic ships to carry out international trade. Royal Cargo, Inc. subsidiary Iris Logistics, Inc. will soon transport containers carrying export products to the United States amid a global container shortage that has led exporters to flag logistics delays and higher freight […]
Pandemic disrupts PHL’s sustainable development gains: Chua
THE COUNTRY’S progress towards achieving the sustainable development goals (SDGs) laid out by the United Nations has been affected by the pandemic, Socioeconomic Planning Secretary Karl Kendrick T. Chua said. “We will be seeing some changes, but it doesn’t mean that they are insurmountable. We have seen some of these indicators where we have significant […]
Price growth of building materials in NCR picks up in July
THE WHOLESALE and retail price growth of construction materials in Metro Manila picked up in July as lockdowns eased, data released by the Philippine Statistics Authority (PSA) on Friday showed. The construction materials wholesale price index (CMWPI) in the National Capital Region (NCR) grew 2.3% year on year in July, a tad faster than the […]
Average retail prices for rice go down
THE AVERAGE retail price of regular-milled rice fell in six regional trading centers at around mid-August, according to the Philippine Statistics Authority (PSA). In a report on Friday, the PSA said the average retail price of regular-milled rice decreased by P4.56 to P34.44 per kilogram (/kg) in Iloilo City, P3.72 to P32.44/kg in Calapan City, P1.21 to […]
DA announces temporary ban on cattle meat from Brazil
THE Department of Agriculture (DA) has announced a temporary halt on the issuance of permits for the importation of live cattle and its meat products from Brazil amid reports of a mad cow disease outbreak in the country earlier this month, according to a memorandum order. In the memo posted on the department’s website on […]
DTI flags digital gap among businesses
A TRADE department official has flagged a potentially worsening digital gap among enterprises in the Philippines, pointing to the need for policies that address the divide. Philippine firms that have adopted high-level technologies in their operations are usually large enterprises, exporters, and firms with foreign direct investment, Trade Undersecretary Rafaelita M. Aldaba said at a […]
PHL to sign deal with Britain on nurse deployment
LABOR Secretary Silvestre H. Bello III said the Department of Labor and Employment (DoLE) will sign a memorandum of understanding with the United Kingdom on the welfare and deployment of more nurses to the UK. In an online briefing Wednesday, Mr. Bello said that the memorandum is a “labor affairs agreement” to deploy more Filipino […]
Maynilad, DoT partner for wastewater drive
MAYNILAD Water Services, Inc. partnered with the Department of Tourism (DoT) on a wastewater management campaign to increase public awareness on environmental protection and sustainable tourism. The west zone water concessionaire signed an agreement with DoT on Thursday to launch the “Maynilad Kubeta PH X It’s More Fun in the Philippines” partnership. Under the partnership, […]
World Bank names new vice-president for East Asia and the Pacific
THE WORLD BANK has appointed economist Manuela V. Ferro as its vice president for East Asia and the Pacific to oversee the lender’s operations as it looks to help the region rebound from the coronavirus pandemic. The multilateral lender said in a statement on Thursday that Ms. Ferro will handle bank relations across 26 countries […]
Lady Gaga dubbed ‘The Icon’ on People’s best dressed list
LOS ANGELES — Lady Gaga on Wednesday led a list of People magazine’s best-dressed celebrities that included Euphoria star Zendaya and Oscar-winning actress Viola Davis. Gaga was dubbed “The Icon” in People’s best dressed of the year issue, despite never having set foot on a red carpet. Instead, the magazine praised her high fashion street […]
Entertainment News (09/17/21)
1 of 5 iHeartRadio Music Festival 2021 live for free THIS September, mobile services provider Smart Communications, Inc. is bringing the annual music event iHeartRadio Music Festival 2021, hosted by the American broadcast, podcast, and streaming radio platform iHeartRadio, for free through the new GigaPlay App. The two-day music festival will be held in two […]
Four vital elements of a job vacancy ad
We have several job vacancies but we can’t attract enough applicants to meet our requirements. Most of the time, we get only an average of two applicants per position. As you can imagine, this is not enough for us to base a decision on. Usually, we resort to announcing our vacancies on social media, but […]
DoE clears Solar Philippines unit for green energy program
SOLAR Philippines Retail Electricity, Inc. is the newest participant in the government’s green energy option program (GEOP), bringing the number of eligible renewable energy (RE) suppliers to 14. In an announcement posted on its website this week, the Department of Energy (DoE) said the company joins power suppliers under First Gen Corp., AC Energy Corp. […]
LANDBANK OKs P2.3B in loans for acquisition of 1,093 PUVs
STATE-RUN Land Bank of the Philippines (LANDBANK) on Thursday said it approved P2.32 billion in loans as of August for the purchase of 1,093 modern public utility vehicles (PUV). The bank said the financing is part of the SPEED PUV (Special Package for Environment-Friendly and Efficiently-Driven Public Utility Vehicles). “Another P4 billion is being processed […]
Philippines’ full vaccination rate hits 15.62%, still behind peers
How PSEi member stocks performed — September 16, 2021
Here’s a quick glance at how PSEi stocks fared on Thursday, September 16, 2021.