Business
Everything is relative
June 12, 2024
Depending on your point of view or perspective, someone may consider something a smashing success while another person may consider the same thing an utter failure. Certain people may consider that a person who is blind in one eye a handicap and yet ...
Mixed results for auction of Treasury bonds, says BTr
June 12, 2024
Results of Tuesday’s auction of long-term Treasury bonds (T-bonds) were mixed as the national government raised only P26.225 billion due to higher bid yields caused by the further weakening of the peso.
Registration of money changer revoked–BSP
June 12, 2024
The Monetary Board has approved the cancellation of the central bank registration of Foreignex Inc. to operate as money changer or foreign exchange Dealer, according to the Bangko Sentral ng Pilipinas (BSP).
DBM releases ₱5.114 trillion of 2024 national budget as of end-May
June 12, 2024
The government has released 88.7 percent of the P5.767-trillion national budget for 2024 as of end-May to accelerate the implementation of the state’s programs and projects.
Honoring Heroes
June 12, 2024
Flags adorn the Tandang Sora National Shrine on Tuesday, June 11, 2024, in Tandang Sora, Quezon City, ahead of the celebration of the 126th Philippine Independence on June 12, 2024.
Philippines struggles to secure food supply amidst global turmoil
June 12, 2024
Shipowners from Greece to Singapore expect business to flourish, at least in the next few years, despite disruptions that could pose threats to their operations. Bloomberg reported that shipowners are bracing for prolonged earnings amid geopolitical c...
My Independence Day wish for our country: Freedom from bondage of illicit trade
June 12, 2024
It’s been 126 years already since Gen. Emilio Aguinaldo declared the end of Spain’s three-century rule in the country in Kawit, Cavite, the reason we have been commemorating our Independence Day every 12th of June.
Human capital
June 12, 2024
Investing in human capital is a set of words that may not appeal to young economics students. It does not immediately equate to prices, gross domestic product and other fundamental concepts of economics. Yet, human capital is one factor as important a...
Teacher Education Council must be set up now–PBED
June 12, 2024
TWO years after the enactment into law of the Excellence in Teacher Education Act, the Philippine Business for Education (PBEd) said the government has failed to set up the Teacher Education Council (TEC).
Amaia Steps Pasig nears completion with topping off ceremony of Clara Building
June 12, 2024
Amaia Steps Pasig recently held the topping off ceremony of the Clara Building, its fourth residential mid-rise in the complex, bringing the contemporary development closer to aspiring condo dwellers looking to settle down in the heart of Pasig City.
UnionBank raises P10 billion from stock rights offering
May 31, 2024
Union Bank of the Philippines (UBP) said Friday it raised P10 billion in fresh capital from a stock rights offering (SRO). UBP said in a stock exchange filing the offering of 327.12 million common shares at P30.57 per share was fully subscribed on robu...
TFSPH wins top honors in Global Kaizen event
May 20, 2024
TOYOTA Financial Services Philippines (TFSPH) solidified its position as a leader in innovation and efficiency by clinching the top spot in the Annual Global Kaizen Event of Toyota Sales Finance Companies around the world. TFSPH emerged victorious in ...
DOF: Growth will hit low end of 6-7% goal
May 20, 2024
THE Philippines’ economic growth could settle within the lower end of the national government’s target of 6 to 7 percent this year, according to the Department of Finance (DOF).
IPOPHL takes decisive action against top piracy websites with site-blocking measures
May 20, 2024
THE Intellectual Property Office of the Philippines (IPOPHL) said it has issued its first site-blocking request against 11 sites under the YTS brand, one of the top piracy websites in the world.
Analysts: PHL may not be able to cut rates ahead of Fed
May 20, 2024
THE Bangko Sentral ng Pilipinas (BSP) may not have sufficient resources to cut interest rates ahead of the United States Federal Reserves, according to foreign analysts.
No excise tax rate hike amid projected revenue dip–DOF
May 20, 2024
THE Department of Finance (DOF) will not impose a rate hike in excise taxes, particularly on sin taxes, amid the expected drop in revenues to be collected this year, according to its chief economist.
DA arm reports drastic drop in pork inventory to 50K MT
May 20, 2024
THE country’s pork inventory has declined by nearly a quarter, according to data from the attached agency of the Department of Agriculture (DA).
Govt sets Oct. 3 deadline for tariff-tweak rules for PPPs
May 20, 2024
BAGUIO CITY—The government has set a deadline for regulatory bodies to issue standards on tariff adjustments for Public-Private Partnership (PPP) deals.
PBBM: Infra devt holds key to luring tourists to PHL
May 20, 2024
By Ma. Stella F. Arnaldo / Special to the BusinessMirror
PEDAL FOR PEOPLE AND PLANET
May 20, 2024
Thousands of families and bike enthusiasts joined the “Pedal for People and Planet” event at the weekend, advocating for 100-percent renewable energy to ensure a fossil fuel-free future for our children.
Red Planet optimistic about prospects in PHL, says exec
May 20, 2024
Budget hotel chain Red Planet plans to open more branches in Visayas and Mindanao in the next five years as it is optimistic about its growth prospects in the Philippines.
PAL, European carrier seal lease agreement
May 20, 2024
GLOBAL supply chain issues continue to ground the jets of legacy carrier Philippine Airlines (PAL), prompting it to lease two wide-body planes from a European carrier.
Countryside acquires stake in Roxas Holdings
May 20, 2024
Countryside Investments Holdings Corp., the firm of businessman Leandro Antonio L. Leviste, has signed a term sheet with Manuel V. Pangilinan to invest some P5 billion for an initial 71.6-percent in listed firm Roxas Holdings Inc.
Group opposes early renewal of Meralco franchise
May 20, 2024
Energy consumer advocacy group People for Power (P4P) coalition warned against the early renewal of the Manila Electric Co.’s (Meralco) franchise.
FMJr orders probe of ‘wiretapping’ by Chinese Embassy; Masinloc fishermen undeterred by China’s arrest threat
May 20, 2024
PRESIDENT Marcos has vowed to investigate the alleged wiretapping by the Chinese Embassy in Manila against the Armed Forces’ Western Command.
Go champions local economic, education development
May 20, 2024
Sen. Christopher “Bong” Go participated in the blessing and inauguration ceremonies of two major local projects during his visit to Guagua, Pampanga, ensuring enhanced community services and economic growth.
FMJr on photo with Guo: It doesn’t mean anything
May 20, 2024
PRESIDENT Marcos said the picture posted by the mayor of Bamban, Tarlac, Alice Guo with him during his election campaign in 2022 fails to clear the doubts on her identity.
Australian ‘member’ of Sinaloa drug cartel falls
May 20, 2024
THE Bureau of Immigration on Sunday announced the arrest of a “high-profile” Australian drug trafficker suspected of being a member of the notorious Mexican Sinaloa drug cartel.
Pag-Ibig releases ₱101.5M for govt housing program
May 20, 2024
THE Home Development Mutual Fund or Pag-IBIG Fund has made its fourth disbursement to the Pambansang Pabahay para sa Pilipino (4PH) Program, according to the Department of Human Settlements and Urban Development (DHSUD).
Senators denounce China’s threat to detain ‘trespassers’ at WPS
May 20, 2024
SENATORS over the weekend urged China to rescind her reported new regulation allowing the Chinese Coast Guard to detain “trespassers,” while prodding the Department of Foreign Affairs to immediately validate the report and act accordingly.
New invoicing system for imports soon up
May 20, 2024
President Ferdinand R. Marcos Jr. has ordered a 2-year roll out period of the pre-border technical verification (PBTV) and electronic invoicing for imported goods.
Report: PHL agri imports reach $4.34B in Q1
May 20, 2024
The country’s purchases of agricultural products from abroad again exceeded exports in the first quarter, according to the latest data from the Philippine Statistics Authority (PSA).
₱12M cash at stake in Pagcor’s linked bingo game on June 16
May 20, 2024
THE Philippine Amusement and Gaming Corp. (Pagcor) announced that millions worth of cash prizes once again await bingo aficionados in the state firm’s “Mas Pinasayang Bingo Big Time Milyonaryo” linked-bingo games slated on June 16, 2024, at the Le Pav...
GSIS launches tool to enhance govt property mgmt
May 20, 2024
THE Government Service Insurance System (GSIS) announced it recently launched a new digital tool called “Property Inventory Application” (PIA) which is aimed at enhancing the management of government properties. The PIA is part of the GSIS’s commitmen...
ADB to fund transport projects worth ₱3 billion
May 20, 2024
THE Asian Development Bank (ADB) is looking to finance at least $3 billion worth of transportation projects in its pipeline projects until 2028.
BOC seizes ₱22.561M worth of smuggled cigarettes
May 20, 2024
THE Bureau of Customs (BOC) announced it intercepted the shipment of more than 28,000 reams of smuggled cigarettes in Lanao del Norte on Tuesday, May 14.