Credit to Author: Eireene Jairee Gomez| Date: Mon, 23 Dec 2019 15:00:17 +0000
THE Department of Agriculture (DA) is planning to put up P2 billion worth of cold storage facilities in five major seaports in the country as part of efforts to intensify quarantine measures against smuggled items. “The Cabinet has approved [the budget for it,] so the plan is ready. We already told the DBM (Department of […]
Read moreCredit to Author: Mayvelin U. Caraballo, TMT| Date: Wed, 18 Dec 2019 15:00:40 +0000
The central bank is likely to cut interest rates by at least 50 basis points next year, but will take it slow in terms of reducing banks’ reserve requirement ratio (RRR), Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said. “For policy cuts, at least 50 basis points (bps). We’re observing what the other central […]
Read moreCredit to Author: Tyrone Jasper C. Piad| Date: Wed, 18 Dec 2019 14:00:45 +0000
The stock market ended flat on Wednesday on heavy foreign outflows as investors redirected purchases to Wall Street. The benchmark Philippine Stock Exchange index (PSEi) inched up by 0.04 percent or 3.22 points to close at 7,744.67, while the wider All Shares climbed by 0.11 percent or 4.93 points to finish at 4,587.99. Net foreign […]
Read moreCredit to Author: Tyrone Jasper C. Piad| Date: Thu, 12 Dec 2019 14:30:26 +0000
WITH Southeast Asia becoming an attractive investment destination, the British Chamber of Commerce Philippines (BritCham) vowed that it would continue its efforts to encourage firms in the United Kingdom to invest in the country. BritCham Executive Director Chris Nelson, in an event on Tuesday in Makati City, said the chamber will further contribute in increasing foreign […]
Read moreCredit to Author: Mayvelin U. Caraballo, TMT| Date: Tue, 10 Dec 2019 18:29:41 +0000
THE country’s trade deficit continued to narrow in October from a year ago, but slightly widened from September, the Philippine Statistics Authority (PSA) reported on Tuesday. Data from the statistics agency showed that imports dropped by 10.8 percent year-on-year to $9.56 billion, while exports climbed by 0.1 percent to $6.31 billion. As a result, the […]
Read moreCredit to Author: Mayvelin U. Caraballo, TMT| Date: Tue, 10 Dec 2019 18:28:54 +0000
AVAILMENTS of the central bank’s peso rediscount facility rose by more than two times in the first 11 months of the year. Bangko Sentral ng Pilipinas (BSP) data on Tuesday showed thaat availments reached P122.16 billion in January to November 2019, 115.01-percent higher than the P56.81 billion borrowed in the same period a year ago. […]
Read moreCredit to Author: Mayvelin U. Caraballo, TMT| Date: Tue, 10 Dec 2019 18:26:49 +0000
The Japanese government has committed to provide technical support to the Duterte administration’s formulation of a regional development master plan designed to maximize the economic potentials of Subic Bay and its surrounding areas, the Department of Finance (DoF) said. In a statement on Tuesday, the Finance department reported the Philippines and Japan signed on December […]
Read moreCredit to Author: Tyrone Jasper C. Piad| Date: Tue, 26 Nov 2019 14:00:20 +0000
Traffic is expected to ease in parts of Bulacan province at the end of this month after the Department of Public Works and Highways (DPWH) inaugurated the Philippine Arena Interchange in Bocaue town on Tuesday. The interchange has an 80-lineal meter bridge connecting Bocaue Municipal Hall, NLEX, Ciudad de Victoria and the Bocaue-Sta. Maria Bypass […]
Read moreCredit to Author: Mayvelin U. Caraballo, TMT| Date: Thu, 21 Nov 2019 16:20:52 +0000
INFLATION for low-income households eased to a four-year low of 0.8 percent in October on the back of lower fuel and utility prices, the Philippine Statistics Authority (PSA) announced on Thursday. The figure is lower than the 0.9 percent posted in September, and the lowest since October 2015’s 0.4 percent. Year to date, consumer price […]
Read moreCredit to Author: Agence France-Presse| Date: Thu, 21 Nov 2019 16:18:04 +0000
BEIJING: Former US secretary of state Henry Kissinger warned on Thursday that an armed conflict could break out between the United States and China if they fail to resolve their trade war. The sober remarks from Kissinger, who was instrumental in normalizing diplomatic relations between Washington and Beijing, came at a conference in Beijing on […]
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