Small grocery stores looking at boosting their online presence
SMALLER GROCERY STORES may sell products online to compete against supermarket giants that have invested in digital tools amid a coronavirus lockdown.
CAMPI targets 10-15% sales growth this year
VEHICLE SALES in the Philippines may exceed pre-pandemic levels this year as the economy continues to recover, the Chamber of Automotive Manufacturers of the...
PHL growth seen to fall short of target this year
THE PHILIPPINE economy’s growth may fall short of the government target this year, as interest rates may continue to rise amid sticky inflation.
In a...
WB extends $100-M loan to PHL for coronavirus fight
THE WORLD BANK Group (WB) is extending a $100-million loan to the Philippines to allow the Health department to buy test kits and protective equipment for health care workers, among others, as the country tries to contain the coronavirus disease 2019 (COVID-19) outbreak, according to the Department of Finance (DoF).
Financial markets less volatile now; risks remain
DESPITE continued uncertainty, the local financial market is not as volatile as it was at the onset of the crisis in March, according to the Financial Stability Coordination Council (FSCC).
Gov’t plans to raise up to P300B in Q3 debt
THE BUREAU of the Treasury said on Thursday it plans to raise as much as P270 billion from the sale of Treasury bills and bonds next quarter, 17% less than it had programmed for the current quarter.
Joint legislative resolution OK’s transfer of Mislatel ownership
THE COUNTRY’s third major telecommunications service provider saw legal obstacles to the start of its operations reduced on Wednesday, as the Senate adopted House Concurrent Resolution No. 23, which approves the transfer of controlling interest of Mindanao Islamic Telephone Company, Inc.’s (Mislatel) to the Mislatel consortium.
Many Filipino PWDs still struggle to join the workforce, remain poor
TRIVOR U. LATAYAN, 29, has been working as a bank accounting associate at Bayer Business Services Philippines, Inc. in Manila since 2019.
Energy dep’t eyes private sector participation in LNG facility
THE Department of Energy (DoE) may turn to the private sector anew for the development of an integrated facility for liquefied natural gas (LNG)...
Unemployment rate lowest since ’05
PHILIPPINE UNEMPLOYMENT eased to 3.1% in December amid a surge in hiring in the transport and storage sector, bringing the full-year average to a record-low of 3.8%, according to the statistics agency.
Regulator lifts suspension of the FIT-All collection
HIGHER ELECTRICITY BILLS loom as the Energy Regulatory Commission (ERC) lifted the suspension of the collection of feed-in tariff allowance (FIT-All) starting February.
PSE requires independent valuation reports on tender offers of firms planning to delist
THE PHILIPPINE Stock Exchange, Inc. (PSE) is requiring companies that are planning to delist to provide independent valuation reports and fairness opinions on their tender offer, in an effort to protect small investors.