EconomyLoop
where regional business news becomes global to everyone

Japan's Nomura upbeat on PH economy

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 The Standard19 days ago

     
Amaia Land in Novaliches

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 The Standard19 days ago
EDC management agreement

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 The Standard19 days ago
Priority for 8 infra projects

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 The Standard19 days ago
MIAA spending P500m for Terminal 2

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 The Standard19 days ago
Megaworld to build P3-b FactSet Tower

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 The Standard19 days ago
DTI: Prices stable on Christmas holidays

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 The Standard19 days ago
Govt reviews Hyundai's perks

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 The Standard19 days ago
World water leaders cite PHL team in Korean event

World water leaders cited the 20-year-old successful public-private partnership (PPP) between the Metropolitan Waterworks and Sewerage System (MWSS) and its concessionaires Manila Water, Maynilad Water  and San Miguel Corp’s Luzon Clean Water Corp. a... read more

 Business Mirror19 days ago
Buyers of nonlife insurance unduly taxed

It is a fact that the buyers of nonlife insurance products are subject to an array of taxes based on the premium charged by the insurers. At present, the government collects the following taxes from nonlife-insurance policyholders: 12 percent value-a... read more

 Business Mirror19 days ago
Legislator proposes e-microinsurance for TNCs

The House Committee on Transportation on Monday urged local insurers to develop affordable e-microinsurance products for transportation network companies (TNCs) and transportation network vehicle service (TNVS) units. Assistant Minority Leader Neil A... read more

 Business Mirror19 days ago
MTS seen helping meet P1.8-trillion revenue goal

The Bureau of Internal Revenue (BIR) said more or less 19 percent of revenue collection could come from the recently launched medium taxpayers segment (MTS) comprised of the top 500 individual and corporate taxpayers. This should further shore up rev... read more

 Business Mirror19 days ago
NFA collects P11.86-million fines from erring grains retailers

The National Food Authority (NFA) collected P11.86 million in fines and enforcement fees from 1,758 grains sellers who violated the country’s grains business laws in January to August. NFA Administrator Jason Laureano Y. Aquino said the fines were co... read more

 Business Mirror19 days ago
Dressed-chicken inventory up 43%–report

The country’s dressed-chicken inventory as of September 18 rose by 43 percent to 34,869.82 metric tons (MT), from 24,377.46 MT recorded a year ago, according to data from the National Meat Inspection Service (NMIS). Poultry growers said earlier that ... read more

 Business Mirror19 days ago
?The golden rule in personal finance

“We have committed the golden rule to our memory; let us now commit it to life.”­—Edwin Markham Life is a constant change. We feel these around us. They may or may not have bearing on our existence, yet, to some people, there are major shifts that  i... read more

 Business Mirror19 days ago
New Gardenia plant

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 The Standard19 days ago
Asean grid

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 The Standard19 days ago
US experts to help PHL boost marine turtle population

The Philippines is banking on the expertise of the National Oceanic and Atmospheric Administration (NOAA) of the United States Department of Commerce to improve its ongoing marine turtle population-management program. “Through information exchange an... read more

 Business Mirror19 days ago
Europe is on the brink of sugar deluge as decade-long quotas end

Europe is about to get a lot sweeter. After a decade of quotas, sugar firms in the European Union (EU) can now produce and export as much as they want. Companies, such as France’s Tereos and Germany’s Suedzucker AG, have been ramping up operations to... read more

 Business Mirror19 days ago
Asian shares gain on strong factory data for China, Japan

TOKYO—Shares in Asia are higher after China and Japan reported stronger-than-expected factory data. Markets in China, Hong Kong, India and South Korea were closed on Monday for national holidays. Keeping score: Japan’s Nikkei 225 stock index rose 0.2... read more

 Business Mirror19 days ago
Tsuneishi buys power from Aboitiz

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 The Standard19 days ago
Faster attaintment of SDGs sought

More businesses are encouraged to actively work and accelerate achievement of the Sustainable Development Goals (SDGs) to create more economic opportunities and employment in the country.A report released by the United Nations Development Program (UN... read more

 The Daily Tribune19 days ago
Move to amend social security law welcomed

State-run Social Security System (SSS) welcomed the move of the Legislative-Executive Development Advisory Council (LEDAC) to include the proposal to amend the Social Security Law of 1997 as one of the priority measures for the 17th Congress.“We are ... read more

 The Daily Tribune19 days ago
Shipbuilding brings growth opportunities to Cebu town

More than 20 years ago, there were only a few opportunities for trade and employment in Barangay Buanoy in the southwestern Cebu town of Balamban.Such is no longer the case these days. From being a fourth-class municipality, Balamban became a first-c... read more

 The Daily Tribune19 days ago
EU to determine GSP+ effectiveness in RP

The trade commission of the European Union (EU) will review during the last quarter of the year the Generalized Scheme of Preferences Plus (GSP+) granted to the Philippines.Department of Trade and Industry (DTI) Secretary Ramon Lopez said the review ... read more

 The Daily Tribune19 days ago
Trouble ahead for shadow banking nations

Another global figure has warned against a financial crisis, saying nations where “shadow banking” is prevalent are most susceptible to such turmoil.Former British prime minister Gordon Brown, in his first public appearance since losing to his oppone... read more

 The Daily Tribune19 days ago
NGCP sees early completion of Mindanao backbone project

Grid operator NGCP is expecting to complete its reinforcement of the Mindanao transmission backbone within the first quarter of 2019, months ahead of its target June 2019 completion. The Mindanao 230 kiloVolt (kV) Transmission Backbone Project will a... read more

 The Daily Tribune19 days ago
Hanabishi, Tesda tie up

Hanabishi, the country’s leading homegrown appliance manufacturer, sealed a partnership with transformational leader Technical Education and Skills Development Authority (Tesda) recently at the Hanabishi Main Service Center in Meycauayan, Bulacan.The... read more

 The Daily Tribune19 days ago
DoF bares progress on planned China-backed RP infra projects

Philippine and Chinese officials recently cited efforts by the two countries to further streamline and expedite the approval process on the first “basket” of infrastructure projects, which initially prioritizes eight “cooperation” initiatives that Ma... read more

 The Daily Tribune19 days ago
NGCP set to complete Mindanao backbone

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 The Standard19 days ago
AirAsia prepares public offering in PH, taps BDO

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 The Standard19 days ago
Legislator to file bill amending real estate investment trust law

CONGRESS will have to file a bill that will amend a portion of the real estate investment trust (REIT) law. Rep. Arthur Yap of Bohol said he himself may spearhead the sponsorship of the bill to make the REIT exempted from value-added tax (VAT). The t... read more

 Business Mirror19 days ago
National Grid Corp. expects Mindanao project completed ahead of target

THE National Grid Corp. of the Philippines (NGCP) on Monday said it could complete ongoing reinforcement of the Mindanao 230-kiloVolt (kV) Transmission Backbone Project within the first quarter of 2019, months ahead of its target June 2019 completion... read more

 Business Mirror19 days ago
San Miguel power firm gets green light to link with NGCP

SAN Miguel Consolidated Power Corp. (SMCPC) was given the green light to develop and own a dedicated point-to-point transmission facility to connect two units of its coal-power plant to the transmission facility of the National Grid Corp. of the Phil... read more

 Business Mirror19 days ago
PAL prepares for new security measures for US-bound flights

PHILIPPINE Airlines (PAL) conducted on Monday dry-runs in preparation for the execution of heightened security measures for its US-bound flights by way of additional and expanded check-in procedures. Affected flights are those from Manila to the foll... read more

 Business Mirror19 days ago
PAL launches regular Clark-Batanes flights

Rugged and picturesque Basco in Batanes is now a short flight away for leisure travelers from Central and Northern Luzon with the launch on October 1, 2017 of regular Philippine Airlines (PAL) flights from Clark International Airport.The four-times-a... read more

 The Daily Tribune19 days ago
Pag-IBIG, DBP launch EMV prepaid card for Pag-IBIG cash loans

Pag-IBIG Fund and the Development Bank of the Philippines (DBP) launched last September 21, 2017in Cebu City the Pag-IBIG DBP prepaid card designed to provide a convenient and secure way of disbursing short-term loan (STL) proceeds, both for multi-pu... read more

 The Daily Tribune19 days ago
Uber justifies surcharges

Uber yesterday said it implemented surcharges last Dec. 7, 2016 and they have been in effect since.However, the implementation of surcharges are currently on hold until further guidance from the Land Transportation Franchising and Regulatory Board (L... read more

 The Daily Tribune19 days ago
Globe submarine cable to boost RP Internet

The submarine cable system connecting the Philippines to the United States through Davao City is expected to strengthen Internet connection in the country. The $250-million facility which was deployed by Globe Telecom will help further boost the grow... read more

 The Daily Tribune19 days ago
RP economy opening up, DoF assures Japanese investors

Finance Secretary Carlos Dominguez has assured Japanese businessmen that the move to relax foreign ownership restrictions in certain industries via amendments to the Constitution might commence next year in fulfillment of President Duterte’s commitme... read more

 The Daily Tribune19 days ago
DoH urged to adopt ecigs as alternate for smokers

The House of Representatives Joint Committee on Health and Trade and Industry adopted House Resolution 973 urging the Department of Health (DoH) to adopt harm reduction measures, particularly the use of electronic cigarettes (e-cigarettes or “vapes”)... read more

 The Daily Tribune19 days ago
Join MSME marketplace, RP small traders told

Micro, small, and medium enterprises (MSMEs) in the Philippines are encouraged to join and explore the newly launched Asia-Pacific Economic Cooperation (Apec) MSME Marketplace. The Apec MSME Marketplace is an interactive website that aims to support ... read more

 The Daily Tribune19 days ago
Splash outpaces industry growth

Innovative products that have become instant hits in the market have allowed Splash Corp., the leading homegrown personal care products company in the Philippine, to grow four times faster than industry. Philippine revenues of Splash personal care fo... read more

 The Daily Tribune19 days ago
SMC water use cut program on track

San Miguel Corp. (SMC) said it has made significant headway on its goal to cut water use across all its operations and has started investing and putting in place programs as part of its ambitious push to integrate sustainability into the conglomerate... read more

 The Daily Tribune19 days ago
More liberal ownership code seen in 12 months

The government should have put in place a more liberal investment policy allowing greater foreign ownership in particular sectors over the next 12 months, the Department of Finance said last Friday. Finance Secretary Carlos G. Dominguez III himself m... read more

 Business Mirror20 days ago
Businessmen advise against hybrid PPP

WITH the government allotting some P9 trillion for infrastructure development in the next six years, a key executive of one of the country’s biggest water concessionaires has expressed confidence the local banking industry has enough liquidity to fin... read more

 Business Mirror20 days ago
Myanmar refugee exodus tops 0.5 million

TEKNAF, Bangladesh—He trekked to Bangladesh as part of an exodus of a half million people from Myanmar, the largest refugee crisis to hit Asia in decades. But after climbing out of a boat on a creek last Friday, Mohamed Rafiq could go no further. He ... read more

 Business Mirror20 days ago
Solar energy vs agriculture

Looking at food security in the Philippines and the need to revive agriculture, the question comes up whether it makes economic sense to cover thousands of hectares of agricultural land with solar panels, given the fact that the land cannot be used f... read more

 Business Mirror20 days ago
Sugar consumption seen rising next year

Philippine sugar consumption would increase by 50,000 metric tons (MT) to 2.25 million metric tons (MMT) next year, as prices remain soft due to ample supply, according to the latest Global Agricultural Information Network report. The report, prepare... read more

 Business Mirror20 days ago
SMDC remains upbeat on residential market

SM Development Corp. (SMDC), the residential arm of the shopping mall operator SM Prime Holdings Inc., remains upbeat on the country’s residential market as the company expands its projects nationwide. SMDC, which is celebrating its 10th anniversary ... read more

 Business Mirror20 days ago