EconomyLoop
where regional business news becomes global to everyone

N. Luzon to keep fast growth — Neda

Northern Luzon is expected to continue its rapid growth in the near term, with the government outlining a five-year action plan to ensure the region’s full potentials are unleashed for sustainable development and job creation, according to a governme... read more

 The Daily Tribune13 hours ago

     
DoF chief sees 37.7% debt-to-GDP by 2022

By Joyce Ann L. Rocamora The Department of Finance (DoF) yesterday said with the downward trajectory of the government’s debt to Gross Domestic Product (GDP), the country may see a 37.7 percent debt-to-GDP by 2022.DoF Secretary Carlos Dominguez said ... read more

 The Daily Tribune13 hours ago
RP most prepared on infra buildup

The regional development arm of the United Nations for the Asia-Pacific region has found the Philippines as the “most ready” among the 10 member-states of the Association of Southeast Asian Nations (Asean) in carrying out a massive infrastructure bui... read more

 The Daily Tribune13 hours ago
The world’s best caviar doesn’t come from Russia anymore

Mention China alongside almost any food product, and people get nervous. After international incidents involving bleach-soaked meat, antifreeze-laced apple juice and pine nuts “unfit for human consumption”, the country “is known for tainted food beca... read more

 Business Mirror13 hours ago
Solon wants Pinoys to stop wasting food

A leader of the House of Representatives is pushing for the passage of a measure that seeks to reduce food waste by requiring businesses to donate or recycle excess food. Currently, Deputy Speaker Sharon Garin of AAMBIS-Owa said there is no law in th... read more

 Business Mirror13 hours ago
GSIS opens e-loan for members, pensioners in Siay, Zamboanga

A total of 695 Government Service Insurance System (GSIS) active members and old-age pensioners in Siay, Zamboanga Sibugay, who were affected by landslides, flashfloods, and overflowing of the Sibuguey River due to an inter-tropical convergence zone,... read more

 The Daily Tribune13 hours ago
Lenddo chosen into Endeavor global entrepreneur network

Richard Eldridge of Lenddo, a SaaS company that provides financial institutions with Identity Verification and Credit Scoring technology using non-traditional data such as social media and smartphone records, information that can be highly predictive... read more

 The Daily Tribune13 hours ago
HK office rent most expensive

Hong Kong — Businesses in this territory must brace themselves for skyrocketing rentals higher than in other progressive cities like Tokyo, London, New York and Dubai, building leasing firms and businesses revealed.The recent elevation of Hong Kong a... read more

 The Daily Tribune13 hours ago
DoTr eyes 6 more P2P bus routes in Luzon

The Department of Transportation (DoTr) said six more point to point (P2P) bus services to six areas to Central and North Luzon from Clark Freeport are scheduled to be launched soon.DoTr Secretary Arthur Tugade said the six P2Ps from this Freeport to... read more

 The Daily Tribune13 hours ago
PHL’s BeamAndGo wins at Apec SME O2O Forum in Vietnam

BEAMANDGO, a start-up from the Philippines offering remittance service that allows overseas Filipino workers (OFWs) to buy digital gift certificates (GCs) for their families back home, bested 10 other start-ups from five Asia-Pacific Economic Coopera... read more

 Business Mirror13 hours ago
Unescap declares Manila most ready among Asean peers to pursue infra buildup

The United Nations Economic and Social Commission for Asia and the Pacific (Unescap) has found the Philippines most ready among its peers in the region to carry out an ambitious infrastructure-buildup program. According to Finance Undersecretary Gil ... read more

 Business Mirror14 hours ago
Ten-year Treasury rate falls as BTr tests enhanced trading mechanism

Ten-year Treasury bonds the government put out on Tuesday sold the full P15 billion as intended and at the same time proved the critical role played by a market maker, according to the Bureau of the Treasury (BTr). Officials awarded the entire batch ... read more

 Business Mirror14 hours ago
Tan’s Resorts World Manila rushing to finish expansion

ANDREW Tan-led Travellers International Hotel Group Inc., the operator of Resorts World Manila (RWM), is rushing to open the third phase of expansion of the integrated resort in front of Manila’s international airport, to augment the facilities that ... read more

 Business Mirror14 hours ago
PHL water execs share center stage in Korea

Leaders of Metro Manila’s water-supply system discussed in Korea’s two major water conferences this week the 10-year water-security program under the Duterte administration and the successful public-private partnership (PPP) among Metropolitan Waterw... read more

 Business Mirror14 hours ago
Trade group backs new commodity import policy

The Philippine Cement Importers Association (PCIA) on Tuesday expressed full support for the Department of Trade and Industry (DTI) that rejected the adoption of more stringent imports safeguards on pure importers, while exempting imports made by loc... read more

 Business Mirror14 hours ago
LTO supplier eyes more government deals

THE German supplier of the new drivers’ license cards in the Philippines is scouting for more government deals. Dermalog Identification Systems GmbH CEO Gunther Mull said on Tuesday his group is looking for more opportunities in the identification an... read more

 Business Mirror14 hours ago
PNOC sees ‘stumbling block’ in renewing deal with Petron

THE Philippine National Oil Co. (PNOC) wants Petron Corp. to nullify certain provisions of existing lease agreements that will expire next year before they proceed to negotiate for a renewal of these contracts. The lease agreements cover 32.2 hectare... read more

 Business Mirror14 hours ago
BFAR awaits DBM nod for set up of special account

The Bureau of Fisheries and Aquatic Resources (Bfar) is awaiting the approval of the Department of Budget and Management (DBM) for the creation of a special account consisting of fines slapped on poachers. Bfar Assistant Director Drusila Esther E. Ba... read more

 Business Mirror15 hours ago
PHL exporters promote health benefits of coconut products in US

THE Philippine Department of Trade and Industry (DTI)-Export Marketing Bureau (EMB) supported 17 Regional Interactive Platform for Philippine Exporters (Ripples) Plus and enrolled Philippine coconut exporters in a 2017 US Coconut Roadshow. Philippine... read more

 Business Mirror15 hours ago
PH-OGP, The Philippine open government partnership

Part  One Simply, we wish to bring to greater awareness this ongoing program that promises long-lasting positive influence to good governance in the government, with the strong engagement of the private sector.  Let the PH-OGP brochure say it in a ca... read more

 Business Mirror15 hours ago
Govt to sell Mile Long in 2018

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 The Standard15 hours ago
Petitions on Meralco hearings denied by ERC

THE Energy Regulatory Commission (ERC) has denied the petitions of some individuals who want to intervene in the ongoing hearings regarding the Manila Electric Co.’s (Meralco) applications for approval of the power-supply agreements (PSAs) with vario... read more

 Business Mirror15 hours ago
Dominguez: PH to get more investors despite human rights issues

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 The Standard15 hours ago
German biometrics firm eyes ID project

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 The Standard15 hours ago
BoI clears P322-m steel plant in Cavite

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 The Standard15 hours ago
AirAsia flies to Ho Chi Minh

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 The Standard15 hours ago
Franchisers seek 20% growth

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 The Standard15 hours ago
Maynilad investing P102m in Pasay pipes

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 The Standard15 hours ago
Alliance Global plans to buy back P5-b shares

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 The Standard15 hours ago
Stock market retreats; IMI, AGI lead advances

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 The Standard15 hours ago
BSP likely to keep rates steady

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 The Standard15 hours ago
Toys "R” Us, amid heavy debt, files for bankruptcy

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 The Standard16 hours ago
ERC rejects opposition to Meralco supply deals

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 The Standard16 hours ago
PH considered ‘most ready' in infra building

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 The Standard16 hours ago
PNOC says lease deal with Petron ‘onerous'

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 The Standard16 hours ago
Travellers: Soft opening of casino expansion up

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 The Standard16 hours ago
Going public without the ‘brain damage’

"IT seems like a way of living in hell without dying.” That was the way James Freeman, the founder of Blue Bottle Coffee, described the process of taking a company public in the modern era—and the way he explained why he sold his company instead to N... read more

 Business Mirror16 hours ago
Any lice with that salmon? Parasite plagues global industry

ST. ANDREWS, New Brunswick—Salmon have a lousy problem, and the race to solve it is spanning the globe. A surge of parasitic sea lice is disrupting salmon farms around the world. The tiny lice attach themselves to salmon and feed on them, killing or ... read more

 Business MirrorYesterday
PHL eyes Japan ODA for farm mechanization

The Philippines is keen on tapping overseas development assistance (ODA) from Japan to finance a program of the Department of Agriculture (DA) which aims to provide Filipino farmers and fishermen with modern equipment and postharvest facilities. “In ... read more

 Business MirrorYesterday
Security Bank boosts card protection

Security Bank continues to strengthen its card security with an enhanced safety feature. The automated teller machine (ATM) card Lock/Unlock feature is similar to an “On/Off” switch that conveniently allows customers to turn off (and on) their card f... read more

 The Daily TribuneYesterday
Business training program launched in Ilocos Norte

True to its thrust to propel micro small and medium enterprises (MSMEs) towards innovative and competitive business environment, the Department of Trade and Industry Region 1, in partnership with Philippine Center for Entrepreneurship (PCE), recently... read more

 The Daily TribuneYesterday
SSS opens new Daet branch

The Social Security System (SSS) opened its newly relocated SSS Daet Branch on September 14 following the 117,876 increase in the number of transactions facilitated in the region on the first six months of 2017.SSS president and CEO Emmanuel Dooc sai... read more

 The Daily TribuneYesterday
RP keeps improved ties with US investors, MNCs

The country continues to strengthen business collaboration with investors and multinational corporations based in the United States.Speaking to 85 business executives in the Philippine Investment Forum last month, Department of Trade and Industry (DT... read more

 The Daily TribuneYesterday
Sun Life accidental death benefit coverage increases

Sun Life Grepa Financial Inc. (Sun Life Grepa), one of the top life insurance companies in the country, is increasing coverage for its accidental death benefit (ADB) rider or add-on insurance provision. “Peace of mind is always important for the ever... read more

 The Daily TribuneYesterday
RP ready for the crash?

Financial crisis has actually started in Europe and Filipino economic managers, including the Bangko Sentral ng Pilipinas (BSP), must now be ready with antidotes for it’s destructive effect.This is according to observers following an article at UK’s ... read more

 The Daily TribuneYesterday
PSEi records another historic high

As projected by market players, the Philippine Stock Exchange index (PSEi) posted another historic high yesterday.The index broke past the 8,200 mark and closed at a record high of 8,294.14, up by 113.29 points or 1.4 percent. Yesterday marked the th... read more

 The Daily TribuneYesterday
Bautista named UnionBank CEO

The board of directors of Union Bank of the Philippines (UBP) recently approved the appointment of Edwin Bautista as chief executive officer (CEO), effective January 1, 2018. Bautista replaced Justo Ortiz who has been UBP’s CEO since 1993.Bautista, w... read more

 The Daily TribuneYesterday
ADB eyeing to bridge gaps in trade finance

The Asian Development Bank (ADB) intends to bridge gaps in trade finance and provide a level playing field for small and medium-sized enterprises (SMES) by promoting job creation and sustained economic growth.Its Trade Finance Program (TFP) continues... read more

 The Daily TribuneYesterday
RP online platform for traders okayed

A high-level committee chaired by the secretary of the Department of Finance (DoF) has agreed to adopt a government-built online platform for traders as the vehicle for the country’s National Single Window (NSW), which aims to facilitate trade, heigh... read more

 The Daily TribuneYesterday
The many ways to save money

Financial experts say one needs discipline to save money. However, it is very clear this is hardly ever practiced. It is, indeed, challenging to save if your mind is not appropriately conditioned. Therefore, the primary thing one needs to do is to se... read more

 Business MirrorYesterday