Pinoy Business News

Pinoy Business News

  • Non-life insurers see recovery this year
    by Mary Grace Padin on January 17, 2021 at 4:00 pm

    Non-life insurers are bullish about their recovery prospects for this year as they expect an increase in the demand for insurance and protection products.

  • More logistic firms want to provide vaccine warehousing
    by Iris Gonzales on January 17, 2021 at 4:00 pm

    More and more logistics players want to participate in the warehousing requirements for COVID-19 vaccines.

  • BOC to pursue modernization this year
    by Mary Grace Padin on January 17, 2021 at 4:00 pm

    The Bureau of Customs has vowed to continue its digitalization efforts this year as part of its 10-point priority program to improve the quality of its service and strengthen its border protection capabilities.

  • BSP earnings down 14% to P34.5 billion
    by Lawrence Agcaoili on January 17, 2021 at 4:00 pm

    The Bangko Sentral ng Pilipinas reported a 14.3 percent decline in earnings to P34.5 billion from January to November last year compared to a year-ago level of P40.24 billion on the back of lower revenues and the net loss on foreign exchange rate fluctuations.

  • Work with private sector
    by Boo Chanco on January 17, 2021 at 4:00 pm

    “Why does the national government want to monopolize the purchase [of the vaccines]?

  • Vaccine
    by Iris Gonzales on January 17, 2021 at 4:00 pm

    Here in the Philippines, anyone who is anyone can already get a vaccine against COVID-19, never mind that the Food and Drug Administration has not issued any authorization yet, except for the still to be delivered Pfizer and BioNTech.

  • Enough power supply seen by summer
    by Danessa Rivera on January 17, 2021 at 4:00 pm

    Power supply is expected to be enough in the Luzon grid this summer despite the scheduled preventive maintenance shutdown of some power plants, according to the Department of Energy.

  • VECO may be fined for high power cost
    by Danessa Rivera on January 17, 2021 at 4:00 pm

    The Energy Regulatory Commission should demand a refund if a violation has been committed by the Visayan Electric Company because of its high cost of electricity, a lawmaker said.

  • Crude oil hits 11-months high
    by Wilson Sy on January 17, 2021 at 4:00 pm

    PHILEQUITY CORNER

  • Making public transportation work better for Filipinos
    by Richmond Mercurio on January 17, 2021 at 4:00 pm

    The road to making Filipino lives comfortable through an improved public transportation took some turns for the better and worse last year amid the pandemic.

  • Higit 500,000 bagong negosyo nairehistro sa kabila ng pandemya: DTI
    by ABS-CBN News on January 17, 2021 at 10:41 am

    Sa kabila ng pandemya, higit 500,000 bagong negosyo ang nairehistro sa bansa, ayon sa Department of Trade and Industry.

  • Myeong-dong: Korea’s largest shopping street faces extended crisis
    by ryanl on January 17, 2021 at 10:06 am

    SEOUL — Bustling, noisy and lively — it is how Myeong-dong used to be described as Seoul’s premier shopping district. Packed with tourists, food stands and long lines of shops, it is one of the most expensive shopping streets in the world, according to global property firm Cushman & Wakefield’s annual Main Streets Across the The post Myeong-dong: Korea’s largest shopping street faces extended crisis appeared first on Inquirer Business.

  • After dizzying gyrations, what's bitcoin really worth?
    by Joseph Sotinel, Agence France-Presse on January 17, 2021 at 6:06 am

    After the latest wild ride took the poster child of cryptocurrencies above $40,000 before a stomach-churning plunge, the million dollar question won't go away: how much is bitcoin actually worth?

  • WhatsApp postpones privacy changes; HK experts say outcry already evolved into crisis of confidence
    by Phila Siu, South China Morning Post on January 17, 2021 at 2:06 am

    WhatsApp says users will now have until May, rather than next month, to decide whether to consent to new data-sharing terms. But Hong Kong experts say the move is unlikely to stem the exodus of users, even if there are ‘not many privacy issues with the new policy’.

  • Britain to host G-7 summit in June
    by Kyodo News on January 17, 2021 at 2:04 am

    The British government said Saturday it will host a summit of leaders from the Group of Seven industrialized nations from June 11 to 13 in Cornwall, in the southwest of the country.

  • Threatened PH native trees get a lifeline
    by clopez on January 16, 2021 at 9:20 pm

    What started in 2008 with the planting of a single seedling from the Tindalo mother tree that Commonwealth President Manuel L. Quezon planted in 1938 in Bacolod City has grown 12 years later into a multi award-winning program that seeks to rescue Philippine native trees from extinction. Spearheaded by Lopez-led geothermal leader Energy Development Corp., The post Threatened PH native trees get a lifeline appeared first on Inquirer Business.

  • How Robert Alejandro is using his diet to boost his healing
    by clopez on January 16, 2021 at 9:15 pm

    I can’t help but admire people who inspire amid their suffering—people who not only see a silver lining but paint the rest of their dark cloud with this silver that the cloud turns into a bright shining star. I wrote about one such person a little over a decade ago in the Sunday Inquirer Magazine: The post How Robert Alejandro is using his diet to boost his healing appeared first on Inquirer Business.

  • Concerns over food safety surge amid raging COVID-19 pandemic
    by clopez on January 16, 2021 at 9:10 pm

    The COVID-19 pandemic that continues to wreak havoc across the globe has significantly raised concerns about food safety. Consumers have become more concerned about not just what they eat, but also whether their food was properly handled before they reached their dining tables. The latest Tetra Pak index, its 13th edition, revealed this dramatic shift The post Concerns over food safety surge amid raging COVID-19 pandemic appeared first on Inquirer Business.

  • Pagkakasya ng budget sa harap ng mga taas-presyo, problema para sa ilang mamimili
    by ABS-CBN News on January 16, 2021 at 12:18 pm

    Hirap din ang ilang consumer kung ano ang bibilhin dahil sabay-sabay na nagtaasan ang presyo ng mga bilihin.   

  • Stellantis is born as Peugeot, Fiat complete their merger
    by Taimaz Szirniks, Agence France-Presse on January 16, 2021 at 8:44 am

    Ranking behind global rivals such as Volkswagen, Renault-Nissan-Mitsubishi and Toyota, Stellantis will be the fourth-largest automaker by volume and the third-largest by revenue.

  • PH, China ink $940-million Subic-Clark railway contract
    by ABS-CBN News on January 16, 2021 at 8:26 am

    In a statement, Ambassador Huang Xilian estimated that the construction of the 71-kilometer, single-track railway would take 3 and a half years.  

  • Nasa P1 na price hike sa petrolyo nagbabadya sa Enero 19
    by ABS-CBN News on January 16, 2021 at 8:03 am

    Ito umano ay dahil sa pagmahal ng produktong petrolyo sa world market.

  • Limitasyon sa paglabas ng mga bata nakaapekto na rin sa ilang negosyo
    by ABS-CBN News on January 16, 2021 at 7:19 am

    At dahil walang bata sa mga lansangan, napilitang magsara ang ilan sa mga negoyong karamihan ay bata ang kustomer. 

  • Business Mentor: Important lessons to keep your business afloat
    by Armando Bartolome on January 16, 2021 at 12:00 am

    I like to believe that 2021 will help us all get back on our feet after the difficulties of 2020.

  • Fairways & Bluewater Resort Boracay shines in the International Arena
    by ilucas on January 16, 2021 at 12:00 am

    Fairways & Bluewater Resort Boracay is proud to announce its recent global tourism and hospitality recognition and awards. Along with the recognition given to Boracay as one of Condé Nast Traveler’s 25 Best Beaches in the World in its 2020 Readers’ Choice Awards list, Condé Nast Johansens selected Fairways & Bluewater Resort Boracay as a The post Fairways & Bluewater Resort Boracay shines in the International Arena appeared first on Inquirer Business.

  • DA sees higher vegetable prices
    by racosta on January 15, 2021 at 9:00 pm

    Filipino consumers must brace themselves for another wave of possible price increases in vegetables this year after data from the Department of Agriculture (DA) showed a projected shortage in the country’s supply of produce. Agriculture Assistant Secretary Noel Reyes, in a briefing on Thursday, presented the agency’s supply and demand forecast for selected agricultural commodities. The post DA sees higher vegetable prices appeared first on Inquirer Business.

  • Naia rehab hopes dim
    by racosta on January 15, 2021 at 8:50 pm

    A major rehabilitation plan for Manila’s Ninoy Aquino International Airport (Naia) was thrown into limbo after the Duterte administration turned down a second private sector offer that would have solved congestion at the country’s main gateway. The Inquirer learned the Manila International Airport Authority (Miaa) board affirmed the revocation of the Megawide Construction Corp.-GMR Infrastructure The post Naia rehab hopes dim appeared first on Inquirer Business.

  • Congress urged to pass tax perks bill
    by racosta on January 15, 2021 at 8:40 pm

    Fifty-one trade and industry groups urged lawmakers to pass a crucial tax reform bill that is being held up in a bicameral committee, keeping struggling businesses a step away from a policy that would cut taxes and make it easier to tide their workers through these difficult times. In a joint statement, local and foreign The post Congress urged to pass tax perks bill appeared first on Inquirer Business.

  • Market bets on second-liners as PSEi dips
    by racosta on January 15, 2021 at 8:30 pm

    The stock barometer slipped on Friday as smaller-cap stocks continued to dominate trading activities in the local market. The main-share Philippine Stock Exchange index (PSEi) shed 34.69 points or 0.48 percent to close at 7,238.46, in line with mostly sluggish regional markets. For the week, the PSEi declined by 51.42 points or 0.7 percent. “Local The post Market bets on second-liners as PSEi dips appeared first on Inquirer Business.

  • Gov’t to borrow P540B from Bangko Sentral to help fight pandemic
    by racosta on January 15, 2021 at 8:20 pm

    The central bank will lend the national government a fresh short-term loan of more than half a trillion pesos—the third such use by the Duterte administration of cash advances from the monetary regulator—to finance efforts against the coronavirus pandemic. In an online press briefing, Bangko Sentral ng Pilipinas (BSP) Gov. Benjamin Diokno said the latest The post Gov’t to borrow P540B from Bangko Sentral to help fight pandemic appeared first on Inquirer Business.

  • At P10,266/Filipino, PH’s virus response lags behind peers’
    by racosta on January 15, 2021 at 8:10 pm

    With at least P74.5 billion set aside in the 2021 national budget for direct health and medical response to COVID-19, including mass vaccination, the Philippines’ war chest to fight the pandemic has risen to $23.11 billion (about P1.11 trillion), the Asian Development Bank (ADB) said. The Manila-based ADB’s COVID-19 policy database showed the package of The post At P10,266/Filipino, PH’s virus response lags behind peers’ appeared first on Inquirer Business.

  • COVID-19, climate change and water security
    by racosta on January 15, 2021 at 8:00 pm

    With the double whammy of COVID-19 and climate change, we must now assess the situation of our water security. First, the good news. Last Dec. 18, the Asian Development Bank (ADB) released the Asian Water Development Outlook 2020. It stated: “Economies of Asia and the Pacific must put water security at the top of their The post COVID-19, climate change and water security appeared first on Inquirer Business.

  • Twelve houses
    by racosta on January 15, 2021 at 7:50 pm

    (First of two parts) I was recently standing on the marble floors on the steps of a project when, while looking at the balusters and handrails I was holding, I started thinking about shelter. I pondered how our needs have evolved from protection from the elements to security from danger, to safe and comfortable spaces. The post Twelve houses appeared first on Inquirer Business.

  • Angeles City: Of heritage sites and happening places
    by racosta on January 15, 2021 at 7:45 pm

    Angeles City in Pampanga boasts of a rich history and a fascinating culture. For culinary aficionados, it is the birthplace of sisig, a famous dish that usually has pork cheeks and chicken liver. For party goers, the place is also famous for its Tigtigan Terakan keng Dalan, an annual street party where local and famous The post Angeles City: Of heritage sites and happening places appeared first on Inquirer Business.

  • Angkla Beach Club and Boutique Resort
    by racosta on January 15, 2021 at 7:40 pm

    Welcome to Angkla Beach Club and Boutique Resort, a scenic spot nestled along the strikingly beautiful stretch of white sand in Nacpan Beach, El Nido. Here, eyes meet nature’s pristine blue and green wonders, ears hear the serenades composed by soft waves crashing against the shore, and worries disappear into the distance. Angkla has been The post Angkla Beach Club and Boutique Resort appeared first on Inquirer Business.

  • On passing through easements
    by racosta on January 15, 2021 at 7:35 pm

    (First of two parts) “We keep passing unseen through little moments of other people’s lives,” said writer and philosopher Robert M. Pirsig. These little moments can include crossing your neighbor’s pathway to get to work, enjoying from afar the view of your neighbor’s backyard, or eavesdropping on his arguments with his partner behind a party The post On passing through easements appeared first on Inquirer Business.

  • Safely moving back to my metro home
    by racosta on January 15, 2021 at 7:30 pm

    One cannot escape the task of cleaning his or her home—especially if you’re one of those who left their city homes when the quarantine was implemented in March last year to settle in the safety and comfort of the more spacious suburbs and provinces. So if you’re going back to your urban space just now, The post Safely moving back to my metro home appeared first on Inquirer Business.

  • Premium spaces in progressive Pasig
    by racosta on January 15, 2021 at 7:25 pm

    Some places fared better than others during the onslaught of COVID-19. With news of infections and restrictions hitting us daily, we have looked for bright spots and Pasig has been one of them. On many fronts, this city has proven itself as a model of resilience, even going viral on social media a number of The post Premium spaces in progressive Pasig appeared first on Inquirer Business.

  • Urban transformations: ‘Re-naturing’ the city
    by racosta on January 15, 2021 at 7:20 pm

    (First of a series) The now familiar night shot of Metro Manila taken from the International Space Station shows the beauty of the city’s sparkling lights floating in the backdrop of darkness, mirroring the stars and space from where the photo was taken. At the same time, however, it also underscores a reality of urban The post Urban transformations: ‘Re-naturing’ the city appeared first on Inquirer Business.

  • Keeping the legacy of historic buildings through architecture
    by racosta on January 15, 2021 at 7:15 pm

    Crafting the ideal, globally-competitive city does not always equate to high-rise buildings of glass and steel. Sometimes, it can also mean embracing the uniqueness of its past. Vulnerability of historic buildings To extend the life of historic structures, there are two important details that designers should pay special attention to—first, the architectural intent of the The post Keeping the legacy of historic buildings through architecture appeared first on Inquirer Business.

  • The Community Mortgage Program: Decent, affordable housing for Filipinos
    by racosta on January 15, 2021 at 7:10 pm

    Home ownership, for a vast majority of Filipinos, remains an elusive dream. For one, ownership of land is considered a prime asset and will cost a family earning minimum income a lifetime worth of mortgage payments. This is true especially to those who choose to live in cities and urban centers. They have to contend The post The Community Mortgage Program: Decent, affordable housing for Filipinos appeared first on Inquirer Business.

  • Capturing warehousing boom
    by racosta on January 15, 2021 at 7:05 pm

    The COVID-19-induced interruptions have altered the immediacy in which retailers must innovate to remain relevant. Given the emergence of a lockdown economy and the continued growth of the e-commerce sector, retailers have started to shift to the online space and partner with delivery platforms. In our view, this should result in the retailers’ aggressive adoption The post Capturing warehousing boom appeared first on Inquirer Business.

  • Find your balance at SMDC’s Mint Residences
    by racosta on January 15, 2021 at 7:00 pm

    It used to be that you have to make a difficult choice. If you’re one to revel in the exciting flurry and frenzy of a vibrant city life 24/7, chances are, you may have to forego the more serene, laidback vibe of the suburbs and the countryside. Those who prefer to bask in nature and The post Find your balance at SMDC’s Mint Residences appeared first on Inquirer Business.

  • AC Energy unit eyes doubling of capital stock
    by racosta on January 15, 2021 at 5:04 pm

    The Ayala group’s power generation arm wants the Securities and Exchange Commission’s go-ahead to again jack up its authorized capital stock, this time almost double, fresh from having secured the green light to again change its name. AC Energy Philippines Corp. (Acen)—named Phinma Energy Corp. until acquired by Ayala in 2019—said in a disclosure it The post AC Energy unit eyes doubling of capital stock appeared first on Inquirer Business.

  • GCash operator takes in new investor
    by racosta on January 15, 2021 at 5:02 pm

    Globe Fintech Innovations Inc. (Mynt), the company behind digital financial services provider GCash, will be worth almost $1 billion after raising more money to support its expansion. The company announced on Friday a $175-million investment deal from New York-based Bow Wave Capital Management and existing shareholders Ayala Corp., Globe Telecom and Chinese billionaire Jack Ma’s The post GCash operator takes in new investor appeared first on Inquirer Business.

  • Globe to bring 5G to Malacañang, Senate, Lower House
    by racosta on January 15, 2021 at 4:59 pm

    Globe Telecom is rolling out its 5G service in Malacañang Palace, Senate and the House of Representatives. The company, which is in the midst of a nationwide network upgrade, also announced plans to improve network coverage and capacity in these areas. Specifically, Globe said the upgrade would cover Kalayaan Hall, Mabini Hall and the Presidential The post Globe to bring 5G to Malacañang, Senate, Lower House appeared first on Inquirer Business.

  • Subsidies not key to econ rebound
    by Anna Leah E. Gonzales on January 15, 2021 at 4:20 pm

    Reopening the economy further as safely as possible, not providing subsidies, is needed to help the Philippines recover from the Covid-19 pandemic, according to the National Economic and Development Authority (NEDA). In a forum organized by the Financial Executives Institute of the Philippines on Thursday, Acting NEDA Director General Karl Kendrick Chua told attendees that

  • JPMorgan sees 42% jump in profits
    by Associated Press on January 15, 2021 at 4:19 pm

    CHARLOTTE, North Carolina: JPMorgan Chase & Co., the nation’s largest bank by assets, said its fourth quarter profits jumped by 42 percent from a year earlier, as the firm’s investment banking division had a stellar quarter and its balance sheet improved despite the pandemic. The New York-based bank said it earned a profit of $12.14

  • DA sets P400M to aid local hog industry
    by The Manila Times on January 15, 2021 at 4:18 pm

    The Department of Agriculture (DA) will roll out P400 million for the repopulation of hogs as a response to the impact of the African swine fever (ASF). In a virtual briefing on Thursday, Reildrin Morales, executive director of the DA’s National Meat Inspection Service, said under the program dubbed as the Integrated National Swine Production

  • Alsons CP gets ‘A+’ credit rating
    by Eireene Jairee Gomez on January 15, 2021 at 4:17 pm

    ALSONS Consolidated Resources, Inc. (ACR) has obtained an “A+” issuer credit rating for its proposed P2-billion first tranche of its new commercial paper (CP) program of up to P3 billion that the company is targeting for listing and issuance within the year. “We are glad that PhilRatings has demonstrated anew its confidence in ACR with

  • Petco raises $864M in latest public offering
    by Associated Press on January 15, 2021 at 4:16 pm

    NEW YORK CITY: Petco, the pet store chain, went public again Thursday, hoping to cash in on people’s obsessions with their furry pets. Petco’s stock, which opened at $18 Thursday, soared 63 percent to close at $29.40, valuing the company at more than $6 billion. It raised $864 million after selling 48 million shares in

  • Delta Air records $12.4-billion net loss for whole of 2020
    by Associated Press on January 15, 2021 at 4:15 pm

    Delta Air Lines closed the books on a disastrous 2020 with a comparatively small fourth-quarter loss, and executives expect a few more rocky months before — they hope — widespread coronavirus vaccinations and testing might salvage something of the upcoming summer travel season. Delta on Thursday reported a quarterly loss of $755 and $12.4 billion

  • What Metro Manilans want and what MMDA should prioritize
    by Robert Siy on January 15, 2021 at 4:14 pm

    In Metro Manila, improving mobility has proven to be one of the toughest challenges to face, especially during the coronavirus pandemic, when public transport capacity has been reduced by physical-distancing requirements. In tackling the transportation issue, new Metropolitan Manila Development Authority (MMDA) Chairman Benhur Abalos will need to avoid approaches that have failed to deliver

  • Joe Biden and the greenback
    by Peter Lundgreen on January 15, 2021 at 4:13 pm

    Joe Biden will take over the White House in Washington, D.C., next week. In the currency market, a discussion always comes up if the new president trusts a strong dollar or belongs to the doves seeking help for a weakening greenback. Naturally, such speculations have been going on since Biden won the election, and it’s

  • Why businesses should invest in data
    by The Manila Times on January 15, 2021 at 4:12 pm

    Successful companies such as Google, Facebook, and Amazon all have something in common besides belonging to the tech industry: they actively collect massive amounts of data. In the Philippines, we see this same strategy being applied by some of the services we use daily. Every time we order food through GrabFood, shop through Lazada, or

  • Biden to introduce $1.9T stimulus aid
    by Agence France-Presse on January 15, 2021 at 4:11 pm

    DELAWARE: President-elect Joe Biden will propose injecting $1.9 trillion into the US economy when he takes office next week, as evidence mounts that the recovery from the sharp downturn caused by Covid-19 is flagging. With his fellow Democrats narrowly controlling both houses of Congress, Biden has a shot at passing what would be the third

  • SMEs told to coordinate with DTI for COVID-19 vaccines
    by Ina Reformina, ABS-CBN News on January 15, 2021 at 1:51 pm

    MANILA - Small and medium enterprises (SMEs) seeking to get COVID-19 vaccines for their employees can coordinate with the Department of Trade and Industry (DTI), vaccine czar Sec. Carlito Galvez, Jr. said Friday.

  • Trump’s China tech war backfires on automakers as chips run short
    by kadraneda on January 15, 2021 at 1:50 pm

    Automakers around the world are shutting assembly lines because of a global shortage of semiconductors that in some cases has been exacerbated by the Trump administration’s actions against key Chinese chip factories, industry officials said. The shortage, which caught much of the industry off-guard and could continue for many months, is now causing Ford Motor The post Trump’s China tech war backfires on automakers as chips run short appeared first on Inquirer Business.

  • Ilang kompanya gusto pang humabol sa AstraZeneca vaccine deal
    by ABS-CBN News on January 15, 2021 at 11:53 am

    Aabot umano sa 50 kompanya ang mga gusto pang humabol at um-order ng bakuna. 

  • Group urges gov't to vaccinate 11 million farmers vs COVID-19 using meat tariff funds
    by ABS-CBN News on January 15, 2021 at 9:40 am

    MANILA - An agricultural group on Friday urged the government to vaccinate around 11 million farmers against COVID-19 using funds from its collection of deboned meat tariff.  

  • DTI backs easing pandemic age restriction on going out
    by ABS-CBN News on January 15, 2021 at 8:24 am

    The Department of Trade and Industry said on Thursday it supports gradually easing of age restrictions down to 10 years old to boost the economy, which the COVID-19 pandemic dragged into recession.  

  • True Blends Tea and Coffee CEO Joyce Yu is officially announced as a Lark business mentee
    by ilucas on January 15, 2021 at 8:05 am

    In an effort to provide support for Filipino entrepreneurs, Lark launched its New Normal Business Council and Mentorship Program with a webinar series called Lark Your Way to Success. The program aims to equip business owners with knowledge and know-how vital to success in the new work landscape. The webinar series, which took place throughout The post True Blends Tea and Coffee CEO Joyce Yu is officially announced as a Lark business mentee appeared first on Inquirer Business.

  • PH dollar reserves up to $109.8 billion in December: BSP
    by ABS-CBN News on January 15, 2021 at 7:42 am

    MANILA - The country's gross international reserves (GIR) for the whole year of 2020 rose to $109.8 billion in December, up $4.98 billion from $104.82 billion the month earlier.  

  • Asian markets mixed after Biden unveils huge stimulus plan
    by ggaviola on January 15, 2021 at 5:07 am

    HONG KONG – Joe Biden’s $1.9 trillion stimulus proposal was met with a shrug in Asia on Friday as observers said the massive spending spree had been largely factored into valuations, though optimism about the long-term economic outlook continued to provide support. Reassurances from Federal Reserve boss Jerome Powell that record-low interest rates and loose The post Asian markets mixed after Biden unveils huge stimulus plan appeared first on Inquirer Business.

  • PETValue Philippines granted pioneer technology status by DTI-BOI
    by vcatibog on January 15, 2021 at 3:07 am

    The Philippines’ Board of Investments (BOI) has approved and granted pioneer status to PETValue Philippines, set to be the country’s first bottle-to-bottle, food-grade recycling facility. The Php 2.28-billion multi-phased project is a partnership between Coca-Cola Beverages Philippines, Inc. (CCBPI)– the bottling arm of Coca-Cola in the country, and Thailand-based Indorama Ventures, a recognized global leader in The post PETValue Philippines granted pioneer technology status by DTI-BOI […]

  • Bring on New Beginnings with a New Toyota
    by vcatibog on January 15, 2021 at 2:58 am

    Celebrate the new year with a new Toyota! Toyota Motor Philippines (TMP) is making car purchase lighter with enticing deals and freebies on Toyota models from January 7 to 31, 2021. Get up to P70,000 discount when you purchase a New Vios, P60,000 on an Innova, and P50,000 on a Fortuner, Corolla Altis, or Hiace The post Bring on New Beginnings with a New Toyota appeared first on Inquirer Business.

  • Labong Lodge No. 59 celebrates Centennial Year
    by vcatibog on January 15, 2021 at 2:50 am

    Labong Lodge No. 59 is a Masonic Lodge here in the Philippines. It is a lodge originally founded in 1892 during the Spanish regime by Don Pedro Camus of Malabon. During the American occupation, it was reorganized by Surgeon Jose M. Raymundo (also from Malabon) together with other prominent personalities of Malabon and Navotas. In The post Labong Lodge No. 59 celebrates Centennial Year appeared first on Inquirer Business.

  • Trump administration takes final swipes at China and its companies
    by Dennis Maliwanag on January 15, 2021 at 1:35 am

    WASHINGTON — The Trump administration in its waning days took another swipe at China and its biggest firms on Thursday, imposing sanctions on officials and companies for alleged misdeeds in the South China Sea and imposing an investment ban on nine more firms. The moves will further increase tensions with China, Washington’s strategic rival in The post Trump administration takes final swipes at China and its companies appeared first on Inquirer Business.

  • Cebu Exchange bolsters reputation as country’s largest sustainable office with WELL™
    by ilucas on January 15, 2021 at 1:00 am

    With its approximately 11 hectares of gross floor area, Cebu Exchange strengthened its claim as the largest multi-certified sustainable office tower in the Philippines after being Pre-Certified under the International WELL Building Institute’s prestigious WELL Building Standard™ last December 2020. It currently stands as the largest Pre-Certified WELL™ building in the Philippines and the first The post Cebu Exchange bolsters reputation as country’s largest sustainable office with […]

  • Global stocks mostly rise with Biden stimulus in focus
    by ggaviola on January 14, 2021 at 10:48 pm

    NEW YORK, United States  – Global equity markets mostly advanced Thursday as anticipation for Joe Biden’s plan for substantial new stimulus offset worries about tightening coronavirus restrictions in some markets. Shortly after US markets closed, details became known of the Biden plan, which proposes $1.9 trillion to revitalize the US economy as it faces an The post Global stocks mostly rise with Biden stimulus in focus appeared first on Inquirer Business.

  • Mutated virus fails to unsettle PSEi
    by clopez on January 14, 2021 at 9:22 pm

    Local stocks firmed up on Thursday on selective buying of large-cap stocks despite lingering pandemic jitters. The Philippine Stock Exchange index (PSEi) added 30.3 points or 0.42 percent to close at 7,273.15. “The PSE ended higher despite reports that the more infectious mutation of COVID-19 has been detected on our shores. Buying pressure picked up The post Mutated virus fails to unsettle PSEi appeared first on Inquirer Business.

  • Further strengthening of peso vs US dollar seen in 2021
    by clopez on January 14, 2021 at 9:20 pm

    Asian currencies, including the Philippine peso, are expected to further strengthen against the US dollar this year while most current account balances across the region will remain in positive territory, UK-based Oxford Economics said. Oxford Economics’ head of Asia economics Louis Kuijs said in a Jan. 13 report that the global weakness of the greenback The post Further strengthening of peso vs US dollar seen in 2021 appeared first on Inquirer Business.

  • Forecast: Slew of factors to help PH achieve growth this year
    by clopez on January 14, 2021 at 9:14 pm

    After a record recession amid the prolonged COVID-19 pandemic and the consequent lockdowns in 2020, investment house First Metro Investment Corp. (FMIC) is “cautiously optimistic” on the country’s economic recovery this year. FMIC and the University of Asia and the Pacific, in a joint briefing on Thursday, said that after contracting 10 percent for the The post Forecast: Slew of factors to help PH achieve growth this year appeared first on Inquirer Business.

  • In a year of doubts, Peza gets P95B worth of investment promises
    by clopez on January 14, 2021 at 9:12 pm

    The Philippine Economic Zone Authority (Peza) received around P95.03 billion worth of investment pledges last year, attracting investments in the manufacturing and business process outsourcing (BPO) sectors despite its pandemic woes. Peza said on Thursday the figure was the total investment commitment for 326 projects approved, more than 66.56 percent of which were in manufacturing, The post In a year of doubts, Peza gets P95B worth of investment promises appeared first on Inquirer Business.

  • Virus crushes vehicle makers as sales drop 40%
    by clopez on January 14, 2021 at 9:10 pm

    The holiday spi­rit in December failed to lift the sales of vehicle and truck manu­facturers, which sold only 223,793 units in 2020, nearly 40-percent less compared to the previous year. A joint report by the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) and Truck Manufacturers Association (TMA) said only 27,596 units were sold The post Virus crushes vehicle makers as sales drop 40% appeared first on Inquirer Business.