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Government urged to adjust borrowings as rates remain low

The government may have to adjust its borrowings in the next three years to take advantage of low interest rates, which the country may not be able to enjoy anymore with its promotion to upper middle-income economic status, according to the National Economic and Development Authority (NEDA)......»»

Source: Philstar PhilstarCategory: Finance6 hr. 28 min. ago Related News

Philippines secures $202-M loan for Mindanao road project

Philippine and Japanese officials on Tuesday night finalized a $202.04-million (¥21.92-billion) loan for the construction and improvement of roads in Mindanao’s conflict-affected areas, including Marawi City......»»

Source: Philstar PhilstarCategory: Finance6 hr. 28 min. ago Related News

PAL named world’s most improved airline

Flag carrier Philippine Airlines (PAL) has been named as the world’s most improved airline for 2019 by international air transport rating organization Skytrax......»»

Source: Philstar PhilstarCategory: Finance6 hr. 28 min. ago Related News

Mobile number transfer starts next year — DICT

The actual rollout of the mobile number portability scheme will begin early next year as telcos will be given six months to comply with the new law, the head of the Department of Information and Communications Technology (DICT) said......»»

Source: Philstar PhilstarCategory: Finance6 hr. 28 min. ago Related News

Cebu Pacific orders 31 new Airbus fleet worth $6.8 B

Budget carrier Cebu Pacific has placed a $6.8 billion order of new fuel-efficient and eco-friendly airplanes to replace its existing fleet......»»

Source: Philstar PhilstarCategory: Finance6 hr. 28 min. ago Related News

BOP posts surplus for 7th straight month

The Philippines continued to register strong inflows resulting to a surplus in the balance of payments (BOP) position for the seventh straight month with $928 million in May, reversing the $583 million deficit booked in the same month last year......»»

Source: Philstar PhilstarCategory: Finance6 hr. 28 min. ago Related News

LT Group restores vice chairman position

Lucio Tan-owned LT Group Inc. is expected to name a vice chairman in what is seen to be among the many changes that will be implemented by the taipan’s multibillion-peso empire......»»

Source: Philstar PhilstarCategory: Finance6 hr. 28 min. ago Related News

Peso seen falling to 55 to $1 by year-end

The local currency is expected to come under pressure as the country’s external position worsens, ending 2019 at 55 to a dollar, London-based Capital Economics said......»»

Source: Philstar PhilstarCategory: Finance6 hr. 28 min. ago Related News

Stocks rally past 8,000 on positive US-China trade developments

The benchmark Philippine Stock Exchange index (PSEi) finished strong yesterday as it rose 94.97 points or 1.19 percent to finish at 8,017.01......»»

Source: Philstar PhilstarCategory: Finance6 hr. 28 min. ago Related News

REITs to boost hotel development — Colliers

The offering of real estate investment trust (REITs) for hotels could spur the development of more hotels in the country and address growing demand due to the continued increase in tourist arrivals, a property services firm said......»»

Source: Philstar PhilstarCategory: Finance6 hr. 28 min. ago Related News

Yellow Box and counterflow

A report, citing records from the Land Transportation Office (LTO), noted that in 2017, the top traffic violations nationwide were the following: Not wearing seatbelt; Failure to wear helmet; No OR/CR on hand; Driving without license; Unregistered/invalid motor vehicle registration; Reckless driving; Obstruction; No spare tire; Axle overloading; Student driver operation motor vehicle without accompanying licensed driver......»»

Source: Bworldonline BworldonlineCategory: Finance11 hr. 54 min. ago Related News

From foundation to innovation

Data is very much in the spotlight in today’s business environment. We se it in how organizations are moving towards automating their data-related processes in order to minimize their output error rate, reduce the cost of data remediation, and maximize insights. There has also been a surge in the demand for data professionals such as data scientists and engineers to better analyze unstructured pieces of data and turn them into valuable information (e.g., reliable trends, forecasts and projections)......»»

Source: Bworldonline BworldonlineCategory: Finance11 hr. 54 min. ago Related News

PSA projects 6.5% decline in 2nd quarter palay output

THE Philippine Statistics Authority (PSA) said it estimates a 6.5% year-on-year decline in output of palay, or unmilled rice, in the second quarter, to 3.83 million metric tons (MMT), due to the continuing impact of El Niño......»»

Source: Bworldonline BworldonlineCategory: Finance11 hr. 54 min. ago Related News

Labor secretary urges worker skill upgrades to head off inequality

LABOR Secretary Silvestre H. Bello III said Filipino workers must upgrade their skills in the face of technological disruption, warning that mismanaging the technology transition will widen inequality......»»

Source: Bworldonline BworldonlineCategory: Finance11 hr. 54 min. ago Related News

Transport terminals required to provide free internet, ‘sanitary’ toilet facilities

PRESIDENT Rodrigo R. Duterte has signed a measure requiring transport terminals to provide free internet services and clean restrooms, officials said......»»

Source: Bworldonline BworldonlineCategory: Finance11 hr. 54 min. ago Related News

New Congress to look into power shortage

THE next Congress will look into warnings of a power shortage caused by the Supreme Court ruling requiring distribution utilities to implement a competitive selection process for their power supply agreements (PSA), a senator overseeing the chamber’s energy committee said......»»

Source: Bworldonline BworldonlineCategory: Finance11 hr. 54 min. ago Related News

BSP focused on improving FDI environment — Diokno

THE Bangko Sentral ng Pilipinas (BSP) is committed to ensuring a favorable environment for foreign investors by achieving “price stability, a sound external payments position, financial stability, and an efficient payment system,” Governor Benjamin E. Diokno said......»»

Source: Bworldonline BworldonlineCategory: Finance11 hr. 54 min. ago Related News

Over $200M Japan loan signed for Mindanao road projects

THE Philippines signed a $202.04 million loan agreement with Japan to fund the Road Network Development Project in Conflict-Affected Areas in Mindanao late Tuesday......»»

Source: Bworldonline BworldonlineCategory: Finance11 hr. 54 min. ago Related News

Government urged to phase in teacher pay hike

BUSINESS groups said the government should implement any pay hike for public school teachers in phases in order to keep inflation contained and not hinder the government’s other spending priorities......»»

Source: Bworldonline BworldonlineCategory: Finance11 hr. 54 min. ago Related News

Self-rated poverty drops to record-low 38% in March — SWS

THE Social Weather Stations (SWS) polling organization reported that 38% of Filipinos rated themselves as poor in a March survey, the lowest in the history of the survey and down from 50% in December 2018......»»

Source: Bworldonline BworldonlineCategory: Finance11 hr. 54 min. ago Related News