Category: Philippines Market

Instantly update and podcast Philippines Market News and Analysis from varies financial media and provide a sitemap with financial news summary & link to latest Philippines Market News for the one who wanted to catch up Philippines Market change in timely manner.

Oil, LPG prices on upticks this week

The relentless rise in fuel prices will continue this week for all fuel products, including that of liquefied petroleum gas (LPG), which is the preferred commodity by most Filipino households for cooking.As advised by the oil companies, gasoline prices will increase by P1.00 per liter in this round of adjustment; while diesel prices will be higher…

Philippines starts COVID vaccinations, courtesy of China

MANILA — The Philippines began COVID-19 vaccinations on Monday using jabs donated by Beijing, giving the country’s immunization program and diplomatic ties with China a shot in the arm.The rollout of Chinese-made vaccines comes as President Rodrigo Duterte’s government faces criticism for lagging behind the region in vaccination drives. Duterte…

PSE approves listing of DoubleDragon’s REIT IPO

Share it! [mashshare] PSE approves listing of DoubleDragon’s REIT IPOThe Philippine Stock Exchange, Inc. (PSE) has approved the listing of the P14.7 billion initial public offering (IPO) of DDMP REIT, Inc. (DDMPR), the second Real Estate Investment Trust (REIT) to debut on the bourse.DDMPR is set to offer up to 5.94…

Tobacco excise tax collection exceeds target in February: DOF

MANILA – The Bureau of Internal Revenue exceeded its tobacco excise tax target collections for the month of February after Japan Tobacco hiked payment by over 100 percent, the finance department said Monday. Tobacco excise tax collections for February overshot the target by 4.28 percent, reaching P17.57 billion mid-month after the Japan Tobacco…

AirAsia holds 3.3 seat sale with flights as low as P93 to Boracay, Bohol, Cebu

AirAsia aircraft. Handout photoMANILA – AirAsia on Monday announced that it will be holding a seat sale this week with flights as low as P93. The budget carrier said travelers can avail of one-way tickets from Manila to Bohol, Boracay (Caticlan), Cebu, Cagayan de Oro and Tacloban for as low as P93 base fare. Flights from Cebu to Puerto…

Philippines launches virus vaccinations amid supply problems

MANILA, Philippines (AP) — The Philippines launched a vaccination campaign Monday to contain one of Southeast Asia’s worst coronavirus outbreaks but faces supply problems and public resistance, which it hopes to ease by inoculating top officials.Cabinet officials, along with health workers and military and police personnel, were among the first…

Presyo ng petrolyo may pagtaas sa pagpasok ng Marso

MAYNILA – Nag-anunsiyo ang mga kompanya ng langis na magkakaroon ng pagtaas sa presyo ng kanilang produkto sa Martes, Marso 2.Ayon sa Shell at Cleanfuel, tataasan nila ng P1 ang presyo ng kada litro ng gasolina at P0.85 naman sa kada litro ng diesel.Magpapatupad din ang Shell ng P0.70 taas-presyo sa kada litro ng kerosene.Magta-taas-presyo ang…

Century Pacific cuts tuna plant’s water consumption by 30 percent

MANILA – Century Pacific said Monday it has reduced the freshwater consumption of its tuna facilities by as much as 30 percent last year by using a new thawing technique.It designed a thawing method to decrease its plant’s water use for thawing frozen tuna by half, Century Pacific told the stock exchange. The measure and other “water reduction…

DoubleDragon receives PSE approval for real estate investment trust offer

The Double Dragon Plaza, under the Double Dragon Properties in Pasay City on May 22, 2018. Mark Demayo, ABS-CBN News/FileMANILA – DoubleDragon Properties Corp on Monday said it has secured the approval of the Philippine Stock Exchange for the public offer of DDMP REIT Inc’s real estate investment trust. The listing application covers up to 5.94…

Facebook to pay $650 million settlement over US privacy dispute

The Facebook logo is displayed on their website in an illustration photo taken in Bordeaux, France, February 1, 2017. Regis Duvignau, Reuters/File PhotoWASHINGTON – A US federal judge has given final approval to Facebook’s $650 million payment to settle a privacy dispute between the social media giant and 1.6 million users in the state of Illinois. “We…

BSP expects elevated inflation for most of 2021

The Bangko Sentral ng Pilipinas (BSP) is projecting that the inflation rate for the first three quarters of 2021 will stay above four percent before easing back to within the 2-4 percent target in the last three months of the year.“Barring additional supply side factors, inflation is projected to settle above the target over the next few months,…

Lower RCOA attracts new power customers

At least 13 new customers – mostly buildings and water pumping stations in Metro Manila that include Maynilad Water Services Inc. – have switched electricity suppliers following the threshold lowering of the Retail Competition and Open Access (RCOA) policy by February this year.In a briefing with reporters, Jonathan Dela Viña, market operations…

The Duterte administration…

The Duterte administration borrowed a record P2.74 trillion last year to bridge the ballooning budget deficit induced by the coronavirus pandemic, data from the Bureau of the Treasury showed.The national government’s gross borrowings accelerated by 170 percent in January to December last year to P2.74 trillion from P1.015 trillion in the previous…

On signing of Coco Levy…

On signing of Coco Levy ActThe Coconut Farmers and Industry Trust Fund Act or Coco Levy Act, which will result in the release of the P100-billion coco levy fund, has now been signed by President Rodrigo Roa Duterte, but its supposed beneficiaries are claiming that no justice or campaign promise has been served.  “Social justice on the coco…

PH garment makers eye new $500-M export orders

Philippine garment factories expect to receive new orders worth up to $500 million from top global fashion brands as they start transferring production orders from troubled Myanmar to the Philippines and other Asian countries.Photo credit: (Philexport News and Features)Foreign Buyers Association of the Philippines (FOBAP) President Robert Young said…

Car companies are requiring…

Car companies are requiring starting today, March 1,“security deposit” from buyers of imported passengers and light commercial vehicles (LCVs) that are covered by the safeguard duties imposed by the Department of Trade and Industry (DTI).In respective public advisories, Toyota Motor Philippines (TMP) and Isuzu Philippines Corp. said the security…

Tobacco tax collections accelerate in Feb. — BIR

Tax collections from tobacco products increased by nearly three-fourths as of mid-February this year after one cigarette manufacturer commenced the operation of its new facility in Batangas, the Bureau of Internal Revenue (BIR) said.In a statement, BIR Deputy Commissioner Arnel Guballa reported to Finance Secretary Carlos G. Dominguez III that tobacco…

Lopez sees lower rice tariffs from India

Trade and Industry Secretary Ramon M. Lopez has raised the likelihood of allowing lower tariffs on rice from India as a way of minimizing tariff barriers for the Philippines very vital commodity. Lopez mentioned this during the Philippines Federation of Indian Chambers of Commerce (FICCI) and the India Business Forum (IBF) virtual webinar.Trade…

Close
Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages

Site Language


By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close