Business

Inflation pushes 10-year T-bond rate up

The rate of the 10-year Treasury bond (T-bond) rose on Tuesday due to robust demand for the government securities.  The average rate of reissued debt paper increased to 4.246 percent from 3.914 percent previously.   The Bureau of the Treasury (BTr)

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Customs intensifies meat watch

The Bureau of Customs stepped up its efforts of intercepting meat and meat products without import permits to protect the local industry and prevent the entry of food that may contain diseases, in line with its mandate to safeguard the

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Oil prices up for 3rd straight week

In separate advisories, Caltex, Petro Gazz, Phoenix Petroleum, Seaoil and Shell said they will raise gasoline prices by P0.40 per liter and diesel prices by P0.35 per liter. Cleanfuel will roll out price increments of P0.30 per liter for both

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Intellectual property awards on

In a press release, the Intellectual Property Office of the Philippines and the Philippine Chamber of Commerce and Industry called for innovators to join this year’s Alfredo M. Yao Intellectual Property Awards, an annual joint event of IPOPHL and PCCI

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Auto sales decline in August

Stricter community quarantine restrictions imposed in August pulled down auto sales downward. The Chamber of Automotive Manufacturers of the Philippines, Inc. and Truck Manufacturers Association reported Friday that vehicle sales in August 2021 declined by 11.5 percent year-on-year and 26.3

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SSS launches uSSSap Tayo portal

The Social Security System held a press conference on its accomplishments from January to June 2021 and launched the uSSSap Tayo portal on Friday. In a press release, SSS President and CEO Aurora Ignacio said the press conference and the

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BDO introduces payment app

In a press release, BDO UNIBANK introduced their mobile payment app that links directly to the client’s BDO account and credit card—making banking even more convenient, safer and responsive to its clients’ needs. Called BDO Pay, this app will enable

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Locsin invites US-Asean biz group to invest in PH

Foreign Affairs Secretary Teodoro Locsin, Jr. yesterday invited the United States-Asean Business Council (USABC) to resume business missions to the Philippines as soon as possible to help jumpstart the country’s economy. The top diplomat said investments to the Philippines will

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PSEi slips, peso up

Continued risk-aversion partly due to concerns on the economic impact of the pandemic resulted in the negative close of the Philippine Stock Exchange index (PSEi) on Thursday but the peso gained against the greenback. The main equities index shed 0.37

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Pump prices rise for 4th week in a row

Oil companies will raise pump prices starting today, marking the fourth consecutive week of an increase.  In separate advisories, Caltex, Petro Gazz, Seaoil, Shell, and Total will hike prices of diesel and gasoline by P0.80 per liter. Cleanfuel will also

Uptrend in energy demand expected

Power demand is now showing signs of improvement, an indication of the country’s continued economic recovery amid the coronavirus disease 2019 pandemic, a top official of Aboitiz Power Corp. said on Monday. “Power is picking up this year coming from

Taking care of our faith

“When Jesus heard this, he was amazed at him and, turning, said to the crowd following him, ‘I tell you, not even in Israel have I found such faith.’” This was the reaction of Christ when a centurion who asked

Bacolod gets new acting election officer

BY CHRYSEE G. SAMILLANO The Commission on Elections VI has designated Sipalay Election Officer Adrian Arellano as acting election officer of Bacolod City from Sept. 21 to 25. Arellano was directed by Wilfredo Jay Balisado, Comelec regional director, to replace

Dumaguete port passes surveillance audit

The Bureau of Customs Cebu-Subport of Dumaguete, the first Subport to obtain ISO Certification, successfully maintained its ISO-Certified status after breezing through the Surveillance Audit conducted by TüvSüd Management Service recently. At the end of the Audit, TüvSüd’s Lead Auditor,

BSP cuts BOP surplus projection for 2021, 2022

The Philippines’ balance of payments is projected to remain in surplus for this year and next year but monetary authorities slashed the target for both years given the impact of global economic developments. In a briefing streamed through the Bangko