Pinoy Business News

Pinoy Business News

  • With P26B collection in 11 months, BIR in C. Luzon already tops target for 2020
    by ryanl on November 29, 2020 at 11:09 am

    OLONGAPO CITY-After exceeding the October target collection, the Bureau of Internal Revenue in Central Luzon (revenue region 4) on Sunday said it already surpassed the collection goal it had set for the entire 2020. The BIR revenue region 4 said the cumulative collections of the 11 revenue district offices in the region already exceeded its The post With P26B collection in 11 months, BIR in C. Luzon already tops target for 2020 appeared first on Inquirer Business.

  • Going green will mean $1.35 trillion in opportunities for Asean economies—report
    by ryanl on November 29, 2020 at 10:09 am

    SINGAPORE — Going green could bring up to US$1 trillion in annual economic benefits to Southeast Asian economies by 2030, a report by global management consulting firm Bain and Company said last Thursday (Nov 26). Greater investments in renewable energy, reduced consumption and better waste management, less damaging crop-growing practices and improved urban planning are The post Going green will mean $1.35 trillion in opportunities for Asean economies—report appeared first on Inquirer […]

  • Congress urged to fast track probe on alleged P66-B padding of Meralco energy sales
    by ryanl on November 29, 2020 at 9:11 am

    MANILA — Bayan Muna and Matuwid na Singil sa Kuryente Consumer Alliance Inc. (MSK) are urging the House Committe on Energy to fast track its probe on the reported P66 billion over recovery of the Manila Electric Co. (Meralco). The groups also asked the Energy Regulatory Commission and the Commission on Audit to fast track The post Congress urged to fast track probe on alleged P66-B padding of Meralco energy sales appeared first on Inquirer Business.

  • PH suffers at least P3.3 trillion in economic loss this year due to pandemic, typhoons - solon
    by Ron Calunsod, ABS-CBN News on November 29, 2020 at 8:25 am

    The Philippine economy started suffered a setback as early as the first quarter due to the eruption of Taal Volcano, said Marikina City 2nd District Rep. Stella Quimbo, who filed the proposed “Bayanihan to Arise as One Act” or Bayanihan 3 bill.

  • OPEC, allies mull extending output cuts
    by Benoît Pelegrin, Agence France-Presse on November 29, 2020 at 8:17 am

    The OPEC oil producers' club and its allies will hold a virtual meeting on Monday and Tuesday to finalize an expected extension to production cuts as the coronavirus pandemic continues to weigh on global demand.  

  • BDO waives remittance fee for donations to typhoon victims until yearend
    by Gillan Ropero, ABS-CBN News on November 29, 2020 at 3:34 am

    BDO Remit said Sunday it waived fees on overseas donations for typhoon victims until December 31.

  • Amazon says cloud outage triggered by capacity upgrade
    by Agence France-Presse on November 29, 2020 at 2:44 am

    A giant outage of Amazon's cloud-computing network in the US, which impacted large users such as media companies, was triggered by an effort to upgrade capacity, the company said Saturday.  

  • For the world economy, a grim slog tempered by new hopes
    by Peter S. Goodman, The New York Times on November 29, 2020 at 2:44 am

    Nearly a year into a pandemic that has ravaged the global economy like no time since the Great Depression, the only clear pathway toward improved fortunes is containing the virus itself.  

  • 'Continuing education' of digital marketing in small businesses, marketers pushed by experts
    by ABS-CBN News on November 29, 2020 at 1:53 am

    A group of advertisers in the Philippines is urging small and medium enterprises (SMEs) and large businesses to invest in "continuing education" on the ever-evolving digital marketing landscape to reach out to their markets who mostly have gone online since the pandemic began. 

  • Firms, groups may request to get their RFID sticker installed: Skyway
    by Gillan Ropero, ABS-CBN News on November 29, 2020 at 12:38 am

    A group of persons or companies with several vehicles may request to get their RFID installed, the Skyway O&M Corporation said Sunday.

  • See lives get better as access to finance improves
    by clopez on November 28, 2020 at 9:15 pm

    Tricycle drivers who have secured fintech loans to buy their units recently generated more income and savings as they became more responsible with their finances—highlighting the benefits that innovation and technology enhancing access to financing will bring to small businesses in the Philippines, according to the Asian Development Bank (ADB). The ADB this month published The post See lives get better as access to finance improves appeared first on Inquirer Business.

  • This online shop sells various kinds of ‘longganisa,’ ramen
    by clopez on November 28, 2020 at 9:10 pm

    The quarantine forced us all to find creative ways to do our groceries. Suddenly there were buyers for wet markets, Viber groups for tips on where to get various produce, Facebook food groups where vendors could continue to sell their products, online and delivery options for some supermarkets, and of course the rider apps that The post This online shop sells various kinds of ‘longganisa,’ ramen appeared first on Inquirer Business.

  • New laptops for PH business professionals
    by The Manila Times on November 28, 2020 at 4:04 pm

    Taiwan-based computer technology company MSI recently unveiled its latest roster of business and productivity laptops aimed at the Philippine market. These new offerings, according to MSI, are a “response to the changing and growing need for machines that balance the power and value MSI is known for with the daily requirements of its customers.” The

  • Essential (holiday) gear for the hybrid worker
    by The Manila Times on November 28, 2020 at 4:03 pm

    With the holiday season fast approaching, we are once again faced with the challenge of racking our brains to come up with interesting and practical gifts for friends and family. Here are some suggestions for technological bits and bobs that we think can help the “hybrid workers” among your family, friends and colleagues get work

  • JG Summit leads digital transformation in PH 2020
    by Tony M. Maghirang on November 28, 2020 at 4:02 pm

    At the recent 4th Digital Transformation Awards Philippines, the International Data Corp. (IDC) named Carlos Santos, JG Summit Holdings Inc. Group chief information officer and corporate IT shared services leader, as the 2020 DX Leader for the Philippines. Santos bagged the award for leading the overall strategy, implementation and operations of the Corporate IT (CIT)

  • 10 food gift ideas for Christmas
    by Noemi Lardizabal-Dado on November 28, 2020 at 4:01 pm

    For the past two years, I shared gift ideas from online sites of social enterprises that integrate community programs into their missions and address issues such as food poverty, sustainable farming or fair trade. Online shopping during the coming holidays is not just about getting away from the crowd or traffic. More and more consumers

  • SEC warns against Lokalplate ‘franchise’
    by Iris Gonzales on November 28, 2020 at 4:00 pm

    The Securities and Exchange Commission has issued an advisory against Lokal.Plate Corp., more commonly known as Lokalplate, saying it is not authorized to solicit investments from the public.

  • Ulysses damage to agriculture hits P6.7 billion
    on November 28, 2020 at 4:00 pm

    Damage to the agriculture sector in areas battered by Typhoon Ulysses reached P6.72 billion and not P540 billion as reported by the National Disaster Risk Reduction and Management Council.

  • Minute Burger expands as 69 new stores open
    by Louella Desiderio on November 28, 2020 at 4:00 pm

    Leslie Corp. has expanded the footprint of burger chain Minute Burger with the opening of 69 stores despite the coronavirus disease 2019 pandemic.

  • Leadership tips for young people
    by Francis J. Kong on November 28, 2020 at 4:00 pm

    I have been asked this question repeatedly in the many webinars I have been giving these days. “Sir Francis, if you can talk to your 24-year-old self, what would you tell yourself?”

  • NextGen leaders
    by Mary Ann LL. Reyes on November 28, 2020 at 4:00 pm

    It is not uncommon to hear about families, one sibling against another or worse children against their parents, fighting about money, inheritance, or the family business.

  • Financial sector sets up online platform vs fraud
    on November 28, 2020 at 4:00 pm

    The rapid shift of Filipinos to online transactions has also resulted in the increase of online scams and fraudulent activities. This accelerated further with the onset of the pandemic as more fraudsters tried to take advantage of the situation.

  • Fisheries production improves in Q3
    by Louise Maureen Simeon on November 28, 2020 at 4:00 pm

    Fisheries production in the country has improved by three percent in the third quarter amid better output in the commercial and municipal sectors.

  • Globe to power up internet services in Visayas, Mindanao
    by Richmond Mercurio on November 28, 2020 at 4:00 pm

    Globe Telecom Inc. intends to provide its customers outside Luzon better mobile and browsing experience next year.

  • ‘Level playing field needed for construction industry to thrive’
    on November 28, 2020 at 4:00 pm

    Construction industry experts have cautioned against the unregulated entry of foreign contractors in the country, saying this would create undue disadvantage to a sector where 97 percent are micro, small and medium enterprises and which employs around 4.2 million Filipinos, the biggest direct job generator in the last 10 years.

  • NGCP cleared to start works on P727 million Calamba substation
    by Danessa Rivera on November 28, 2020 at 4:00 pm

    The National Grid Corp. of the Philippines secured the green light from the Energy Regulatory Commission to pursue its P727-million substation project in Calamba, Laguna to improve power service and meet the growing power demand in the province.

  • ALAMIN: Ligtas tips para sa mga online shoppers ngayong Pasko
    by ABS-CBN News on November 28, 2020 at 3:08 pm

    May ilang tips ang isang technology editor para matiyak na ligtas mula sa mga scam at hacking habang nag-o-online shopping.   

  • Holiday shopping sa Divisoria habang pandemya? Narito ang ilang tips
    by ABS-CBN News on November 28, 2020 at 11:43 am

    Ipinapayo ng mga awtoridad na planuhin at alamin ang mga kailangang tindahan para maiwasan ang COVID-19 exposure sa Divisoria.

  • PAL to launch RT-PCR testing site in Manila for passengers exiting PH
    by ABS-CBN News on November 28, 2020 at 11:23 am

    The Philippine Airlines on Saturday announced it would launch its own RT-PCR testing center in Manila on Dec. 1 for passengers who would depart from the Philippines.

  • Higit P1 kada litrong price hike sasalubong sa mga motorista sa Disyembre 1
    by ABS-CBN News on November 28, 2020 at 10:06 am

    MAYNILA - Big time na oil price hike ang sasalubong sa mga motorista sa pagpasok ng Disyembre, ayon sa tantiya ng mga taga-industriya.

  • Philippine Airlines offers cheaper and faster COVID-19 testing in Manila
    by clopez on November 28, 2020 at 9:07 am

    MANILA, Philippines — Flag carrier Philippine Airlines (PAL) is offering passengers cheaper and faster COVID-19 testing, helping cut a crucial pain point experienced by flyers traveling during the pandemic. PAL said customers departing from the Philippines will be allowed to use its own RT-PCR testing center in Manila. From Dec. 1, PAL ticket holders will The post Philippine Airlines offers cheaper and faster COVID-19 testing in Manila appeared first on Inquirer Business.

  • Tesla could widen release of 'self-driving' software in two weeks
    by Reuters on November 28, 2020 at 4:28 am

    Tesla Inc Chief Executive Officer Elon Musk said on Friday there will probably be a wider roll out of a new "Full Self Driving" software update in two weeks.  

  • Business Mentor: Tips on boosting your business amid the pandemic
    by Armando Bartolome on November 28, 2020 at 1:12 am

    Do you feel lost on how to your business? You are not the only one feeling this way. But there are ways to kickstart your business after the long slump.

  • Global stocks mostly rise as S&P, Nasdaq notch fresh records
    by ggaviola on November 27, 2020 at 10:21 pm

    NEW YORK – Major US stock indices drifted to fresh records Friday as markets continued to look past rising coronavirus cases toward a better 2021 economy with likely vaccines. The S&P 500 and Nasdaq notched all-time highs, while the Dow edged higher, joining European equity markets, which earlier won modest gains. Many US traders had The post Global stocks mostly rise as S&P, Nasdaq notch fresh records appeared first on Inquirer Business.

  • 10-month BOP surplus widens to $10.3B
    by racosta on November 27, 2020 at 8:40 pm

    The amount of dollars that the Philippine economy has retained almost doubled in the first 10 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 from the Bangko Sentral ng The post 10-month BOP surplus widens to $10.3B appeared first on Inquirer Business.

  • DA earmarks P8.5B for farmers, fisherfolk hit by typhoons
    by racosta on November 27, 2020 at 8:35 pm

    The Department of Agriculture (DA) has allotted P8.5 billion to aid farmers and fisherfolk distraught by the series of typhoons that recently hit the country. The money—pooled from funds allocated to the agency under the Bayanihan 2 law, its quick response fund, emergency loans and funding from its attached agencies—is expected to give enough reprieve The post DA earmarks P8.5B for farmers, fisherfolk hit by typhoons appeared first on Inquirer Business.

  • Gov’t revises suggested retail prices list
    by racosta on November 27, 2020 at 8:30 pm

    The Department of Agriculture (DA) has revised anew its set of suggested retail prices (SRPs) for basic agricultural commodities less than a week since it since it imposed them. In a statement on Friday, the agency said the price adjustments were in response to the changing cost structures in the supply chain, adding that higher The post Gov’t revises suggested retail prices list appeared first on Inquirer Business.

  • PSEi retreats to 6,700 as investors take cover from risks
    by racosta on November 27, 2020 at 8:25 pm

    The local stock barometer tumbled to the 6,700 level on Friday, underperforming regional markets ahead of the long weekend break. The main-share Philippine Stock Exchange index (PSEi) pulled back by 136.29 points or 1.97 percent to close at 6,791.46. The local stock market is closed on Monday (Nov. 30) due to a non-working holiday in The post PSEi retreats to 6,700 as investors take cover from risks appeared first on Inquirer Business.

  • BSP: Digital banks must follow same standards as their traditional counterparts
    by racosta on November 27, 2020 at 8:20 pm

    Digital banks that will be put up under the central bank’s new framework for a new category of financial institutions 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 (BSP) after its Monetary Board approved the rules that The post BSP: Digital banks must follow same standards as their traditional counterparts appeared first on Inquirer Business.

  • BIR, Customs ordered to help probe ‘collusion’ between rice importers, co-ops
    by racosta on November 27, 2020 at 8:15 pm

    The country’s two biggest tax-collection agencies have been tasked with helping probe the alleged collusion between private rice importers and agriculture cooperatives that act as dummies to avoid payments of import duties slapped on the staple. In a statement on Friday, the Department of Finance (DOF) said Secretary Carlos Dominguez III recently ordered Revenue Commissioner The post BIR, Customs ordered to help probe ‘collusion’ between rice importers, co-ops appeared first on Inquirer […]

  • Domestic trade volume, value down sharply
    by racosta on November 27, 2020 at 8:10 pm

    Despite easing quarantine restrictions, the volume and value of goods traded across the country sustained their year-on-year slide in the third quarter although at a slower pace compared to the second quarter when 75 percent of the economy was under the most stringent COVID-19 lockdown in the region. The Philippine Statistics Authority’s (PSA) latest preliminary The post Domestic trade volume, value down sharply appeared first on Inquirer Business.

  • Slow progress of flood project disappoints lenders
    by racosta on November 27, 2020 at 8:05 pm

    China-led Asian Infrastructure Investment Bank (AIIB) has joined the World Bank in lamenting the slow implementation of the massive flood project in Metro Manila which the two lenders bankrolled. Referring to the $500-million Metro Manila Flood Management Project, Beijing-based AIIB said “implementation has been progressing slower than the originally agreed timelines.” The Department of Public The post Slow progress of flood project disappoints lenders appeared first on Inquirer Business.

  • Extension key to agriculture success
    by racosta on November 27, 2020 at 8:00 pm

    If there is one large obstacle that has prevented us from achieving the agriculture success of our peers in the Association of Southeast Asian Nations (Asean), it is our deficient agriculture extension system. The five-coalition Agrifisheries Coalition cited this as one of the top six out of 30 priority actions that had to be taken The post Extension key to agriculture success appeared first on Inquirer Business.

  • A growing city
    by racosta on November 27, 2020 at 7:34 pm

    Where we choose to live defines us in so many ways. There are 14 million people living in Metro Manila today, with a further 10 million in the Greater Manila Area primarily commuting to and from the city. Currently, our city has three ways of meeting the housing needs of our growing population: through vertical The post A growing city appeared first on Inquirer Business.

  • When commercial centers build communities
    by racosta on November 27, 2020 at 7:32 pm

    The mall is arguably the modern center of Philippine culture. Many Filipinos flock to commercial centers on a regular basis, whether it’s to buy essentials or unwind. While online shopping has become popular in the digital age, many still head to the malls on weekends because they enjoy it. And even amid the COVID-19 pandemic, The post When commercial centers build communities appeared first on Inquirer Business.

  • Elegant pieces, accessories to spruce up homes this holiday
    by racosta on November 27, 2020 at 7:30 pm

    In many ways, this challenging year has taught us to appreciate even more our family, our blessings and our home, which have become more than just a sanctuary. In the new normal, our homes have also become a place where we work, study and even have fun and unwind. So as December comes, let’s adorn The post Elegant pieces, accessories to spruce up homes this holiday appeared first on Inquirer Business.

  • Understanding the strings attached to your property
    by racosta on November 27, 2020 at 7:28 pm

    Under the Torrens system, the certificate of title is the best proof of ownership of a parcel of land. Thus, in a long line of cases, the Supreme Court consistently held that anyone who deals with registered property may rely on the title and need not go beyond it. Meanwhile, in transacting with a person The post Understanding the strings attached to your property appeared first on Inquirer Business.

  • Why pest management is a must in PH
    by racosta on November 27, 2020 at 7:26 pm

    In a tropical country like ours, rats, termites, cockroaches are all but too familiar housemates or workmates. This however, should not be the case. Pests like “anay” may affect the structural integrity of our homes while rodents may destroy our valuable possessions. Roaches and mosquitoes are also known to transmit diseases such as salmonella, cholera, The post Why pest management is a must in PH appeared first on Inquirer Business.

  • Learning to create your own bed and breakfast
    by racosta on November 27, 2020 at 7:24 pm

    Months under lockdown kept Filipinos at home. In those days and nights, some found a chance for self-discovery and -improvement. They could explore curiosities, rediscover passions and elevate their spaces. From this historic standstill, we have learned to look at our capabilities and resources with renewed appreciation. The enterprising ones have even gone beyond and The post Learning to create your own bed and breakfast appeared first on Inquirer Business.

  • A delightful virtual holiday spectacle
    by racosta on November 27, 2020 at 7:22 pm

    In the past years, my mom would take a few days off work around Christmastime. She would take the 16-hour trip from my hometown in Cagayan and, as soon as she arrives in our Manila apartment, beg us to watch the annual Festival of Lights at Ayala Triangle. The lights-and-sound spectacle has transformed into a The post A delightful virtual holiday spectacle appeared first on Inquirer Business.

  • Leading the way in affordable housing
    by racosta on November 27, 2020 at 7:20 pm

    By now, everyone is fully aware that there’s a massive housing backlog in the Philippines, currently at 6.57 million units. And that number grows by at least 300,000 each year. For 8990 Holdings, the country’s leading mass housing developer, this shortfall offers far greater than an opportunity to sell. It is more importantly a chance The post Leading the way in affordable housing appeared first on Inquirer Business.

  • Ray of light shines brighter amid the pandemic
    by racosta on November 27, 2020 at 7:18 pm

    The “Suntrust” brand rings with positivity. It’s a mix of words that inherently remind us that, even as COVID-19 and so many other calamities have thrown us off balance and drastically disrupted our lives, there is reason to hope. Optimism is what Suntrust Properties Inc. heralds in celebrating 23 years in the business of building The post Ray of light shines brighter amid the pandemic appeared first on Inquirer Business.

  • Suburban lifestyle at its best
    by racosta on November 27, 2020 at 7:16 pm

    As much we all love city life and how living in the bustling metropolis feels exciting and allows us instant access to many material comforts, we cannot deny how much we also yearn to be surrounded by nature. Imagine waking up every single day to the sound of rustling leaves and the merry chirping of The post Suburban lifestyle at its best appeared first on Inquirer Business.

  • Ready to move in with Avida
    by racosta on November 27, 2020 at 7:14 pm

    You’ve been daydreaming of this moment since you received your first paycheck. And now, after years of conscientiously saving and living modestly, you finally feel a hundred percent confident about getting your own property. There’s probably nothing more exciting than having your own home within arm’s reach. There is just one unquestionably significant matter that The post Ready to move in with Avida appeared first on Inquirer Business.

  • CLUP: A pro-active tool to mitigate disaster risks
    by racosta on November 27, 2020 at 7:12 pm

    The massive destruction to lives and properties caused by the recent spate of typhoons highlighted anew the importance of crafting an updated Comprehensive Land Use Plan (CLUP) by local government units. It is a bitter reminder of how unplanned and indiscriminate development–without taking the lay of the land as well as the past, present and The post CLUP: A pro-active tool to mitigate disaster risks appeared first on Inquirer Business.

  • Much awaited economic resurgence to benefit Philippine property
    by racosta on November 27, 2020 at 7:10 pm

    Several key indicators point to some glimmer of optimism. Overseas Filipino workers (OFWs) continue to send in money; foreign investments are starting to rise; mortgage rates remain low; employment figures are starting to improve; and demand for mid-income, upscale and luxury condominium units holds firm. These should complement the positive and recent news about the The post Much awaited economic resurgence to benefit Philippine property appeared first on Inquirer Business.

  • Big wins for SMDC
    by racosta on November 27, 2020 at 7:08 pm

    It’s easy to see why SM Development Corp.’s integrated lifestyle communities stand out. More than anything, it’s a vision realized—a perfect illustration of how market needs have been rightfully anticipated, how modern, sophisticated styles of living are crafted and nurtured in one strategically located, comprehensive setting that rightfully deserves to be called home. So it’s The post Big wins for SMDC appeared first on Inquirer Business.

  • SMDC still the country’s best
    by racosta on November 27, 2020 at 7:06 pm

    It was a well-deserved validation of its excellence, trailblazing efforts and staunch commitment to create sustainable, premium integrated lifestyle communities befitting today’s urban dwellers. SM Development Corp. scored an impressive feat in the recently concluded 8th PropertyGuru Philippines Property Awards, as it bagged eight major wins including the most coveted accolades of the night: “Best The post SMDC still the country’s best appeared first on Inquirer Business.

  • ‘Rebirth of Ortigas’
    by racosta on November 27, 2020 at 7:04 pm

    Even a business district will need to evolve to remain an attractive location. And this often happens with the confluence of right factors—from the completion of key public infrastructure projects to boost accessibility, to the creation of bigger and more complete mixed-use complexes that will further transform and modernize the urban lifestyle. Such is, in The post ‘Rebirth of Ortigas’ appeared first on Inquirer Business.

  • Together as one this Christmas
    by racosta on November 27, 2020 at 7:02 pm

    It was a virtual celebration filled with gratitude, positivity and hope for better, brighter days ahead. Megaworld Hotels lit up on Thursday night Christmas trees from its 10 hotels across the country, as it chose to keep the holidays merry and bright, and the spirit of Christmas alive in everyone’s hearts amid these challenging times. The post Together as one this Christmas appeared first on Inquirer Business.

  • A warm welcome awaits
    by racosta on November 27, 2020 at 7:00 pm

    Much as it was an overwhelmingly difficult period, so was it also a time of discovery, learning and innovation for Anna Liza Vergara. For the past eight months that the Philippines had been and continues to be under varying levels of quarantine, the general manager of Sheraton Manila faced what could be one of the The post A warm welcome awaits appeared first on Inquirer Business.

  • Wall Street rises, Nasdaq hits record high on US recovery hopes
    by Shivani Kumaresan and Sagarika Jaisinghani, Reuters on November 27, 2020 at 5:22 pm

    Five of the 11 major S&P indexes were up by mid-morning, with information technology jumping 0.8% on demand for stay-at-home winners Apple Inc, Microsoft Corp and Nvidia Corp.  

  • BSP: Nov inflation to settle within 2.4-3.2%
    by Mayvelin U. Caraballo, TMT on November 27, 2020 at 5:00 pm

    The country’s headline inflation could have eased to 2.4 percent or accelerated to 3.2 percent this month from 2.5 percent in October on higher oil and food prices, lower energy rates and a stronger peso, the Bangko Sentral ng Pilipinas (BSP) said on Friday. “Higher domestic oil prices, as well as the impact of weather

  • GDP to contract by 11% this year – BPI
    by Mayvelin U. Caraballo, TMT on November 27, 2020 at 4:59 pm

    The Bank of the Philippine Islands (BPI) further downgraded its Philippine economic growth outlook this year after factoring in current and recent developments, including natural calamaties that struck the country in the last several weeks. In a report on Thursday night, BPI Vice President and lead economist Emilio Neri Jr. said the Ayala-led lender now

  • ‘Expect growth in office, industrial segments in 2021’
    by Faye Almazan on November 27, 2020 at 4:58 pm

    The country’s industrial and office leasing segments can expect to post considerable growth next year while the residential segment may not grow as much, according to a top official of a Davao City-based real estate developer. During The Manila Times’ “Maximizing and Monetizing: Structures and Spaces” online forum on Thursday, Damosa Land Inc. First Vice

  • Pag-IBIG defers contribution rate hike
    by The Manila Times on November 27, 2020 at 4:57 pm

    After consulting with labor and employer groups, the Home Development Mutual Fund (Pag-IBIG Fund) has decided to postpone increasing its members’ monthly contributions in January out of consideration of the plight of both workers and business owners during the coronavirus disease 2019 (Covid-19) pandemic. In a statement on Friday, Human Settlements Secretary Eduardo del Rosario

  • PSEi prolongs losing streak, skids below 6,800
    by Faye Almazan on November 27, 2020 at 4:56 pm

    The stock market finished the week in the red for a fourth straight day as investors keep taking in profits. The benchmark Philippine Stock Exchange index (PSEi) fell by 1.97 percent or 136.29 points to close at its intraday low of 6,791.46 while the wider All Shares declined by 0.91 percent or 37.81 points to

  • PSA: Domestic trade shrinks in Q3
    by Mayvelin U. Caraballo, TMT on November 27, 2020 at 4:55 pm

    The country’s domestic trade, both in volume and value, declined in the third quarter of 2020, the Philippine Statistics Authority (PSA) reported on Friday. Data from the statistics agency showed that domestic trade volume from July to September slipped to 2.29 million tons, down 61.6 percent from 5.98 million tons in the same quarter a

  • Businesses bet on AstraZeneca COVID-19 vaccine for Filipinos
    by ABS-CBN News on November 27, 2020 at 3:40 pm

    Despite uncertainties several Philippine businesses bet big on AstraZeneca's COVID-19 vaccine as they procure 2.6 million of its doses to benefit over a million Filipinos. The Philippines' vaccine czar however notes the country is working to get vaccines from all possible sources. 

  • Tesla recalls 870 cars in China over defective roofs
    by kadraneda on November 27, 2020 at 11:20 am

    BEIJING — US electric car maker Tesla is recalling 870 vehicles in China over defective roofs, part of which could fall off, China’s market regulator said on Friday. The announcement comes just a month after another recall of almost 30,000 cars imported into China — the world’s biggest auto market — due to suspension defects. The post Tesla recalls 870 cars in China over defective roofs appeared first on Inquirer Business.

  • Oil drops as supply concerns, vaccine doubts sap rally
    by kadraneda on November 27, 2020 at 9:26 am

    TOKYO — Oil prices were lower on Friday in quiet trade due to the U.S. Thanksgiving holiday, dropping amid concerns about oversupply and doubts about a vaccine to end the coronavirus pandemic. Brent crude was down by 31 cents, or 0.7%, at $47.49 by 0758 GMT, having fallen 1.7% overnight. West Texas Intermediate was down The post Oil drops as supply concerns, vaccine doubts sap rally appeared first on Inquirer Business.

  • China to impose temporary anti-dumping measures on Australian wine imports
    by kadraneda on November 27, 2020 at 8:59 am

    BEIJING/SYDNEY — Australia has responded defiantly to China imposing anti-dumping tariffs on Australian wine, saying the “seriously concerning development” looks to be about diplomatic grievances and not any action by winemakers. China will impose temporary anti-dumping tariffs of 107.1% to 212.1% on wine imported from Australia from Nov. 28, the Chinese Ministry of Commerce said The post China to impose temporary anti-dumping measures on Australian wine imports appeared first on […]

  • PayMayaguinaldo makes it easier to give and receive this Christmas
    by ilucas on November 27, 2020 at 8:15 am

    This Christmas, PayMaya is offering Filipinos more rewards as it launches its “PayMayaguinaldo” campaign, where users have a chance to win as much as 1 million pesos in the Grand raffle draw and an opportunity to help micro-entrepreneurs around the country. Users also have a chance to win up to P285,000 worth of prizes to The post PayMayaguinaldo makes it easier to give and receive this Christmas appeared first on Inquirer Business.

  • Arthaland’s property management arm utilizes Amazon Web Services to enhance delivery of service
    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 to enhance delivery of […]

  • 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.