Business

Demand for office spaces to grow 21%

Real estate services firm Leechiu Property Consultants (LCP) expects demand for office space in Metro Manila growing by about 21 percent this year mainly due to the sustained demand from business process management (BPM) and online gaming segments. It projected…

Better infra, eased rules to boost biz in ASEAN

Member countries of Association of Southeast Asian Nations (ASEAN) need to improve physical infrastructures and streamline regulatory processes in an effort to facilitate trade and investments in the region, according to a report from state think tank Philippine Institute for…

Gov’t tops GDP outlay for infra spending

The Philippine government under President Rodrigo Duterte has allocated a bigger portion of its Gross Domestic Product (GDP) for infrastructure spending, compared with the average of the past six administrations in the last 50 years. "We are pouring in 5.4…

US eyes heavy tariffs on China, Russia to counter steel, aluminum glut

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WASHINGTON (AFP) - The US Commerce Department on Friday recommended imposing heavy tariffs on China, Russia and other countries to counter a global glut in steel and aluminum which it says threatens national security. The move gives President Donald Trump…

Google begins blocking annoying ads on its browser

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WASHINGTON (AFP) - Google has begun a new effort to block annoying ads on its Chrome browser, as part of an initiative aimed at improving the online advertising ecosystem that provides the bulk of its revenues. The new ad filtering…

Further peso weakness seen after RRR cut

An economist of ING Bank Manila forecasts the Philippine peso to weaken following the cut in Philippines banks’ reserve requirement ratio, which the Bangko Sentral ng Pilipinas (BSP) announced Thursday. The central bank’s policy-making Monetary Board (MB) cut banks’ reserve…

Invest in infra, HR to reap demographic dividend

The Philippines needs to invest in infrastructure and human capital in an effort to reap the demographic dividend which is crucial to the country’s economic growth, according to a paper published by state think tank Philippine Institute for Development Studies…

Mitsubishi can use CARS for PUV rehab plan: DTI

Department of Trade and Industry (DTI) Secretary Ramon Lopez said that the Mitsubishi Motors Philippines Corp. (MMPC) could participate in the Public Utility Vehicle (PUV) Modernization Program using its existing facilities under the Comprehensive Automotive Resurgence Strategy (CARS) Program. In…

Jan. inflation spike not due to TRAIN

Businesses’ compliance with higher taxes on cigarettes and not the impact of tax reform is the main factor for the big jump of Philippines’ inflation rate in January 2018 to 4 percent from 3.3 percent in December 2017. This was…

Infra binge needed for electronics growth

The new industry roadmap of the country’s electronics sector is pushing for investments in infrastructure to support the growth of the industry. In a press conference Tuesday, Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) president Dan Lachica…

‘Super consortium’ eyes NAIA as regional hub

Seven major conglomerates formally formed Tuesday a consortium that vows to transform the Ninoy Aquino International Airport (NAIA) into a regional airport hub. The NAIA Consortium was formed following the submission of its unsolicited proposal to the Department of Transportation…

Foreign players boon to logistics

The Philippines should implement reforms aimed at introducing more foreign competition into the transport and logistics industry in a bid to boost export competitiveness, according to a study by state think-tank Philippine Institute for Development Studies (PIDS). Authored by PIDS…

BSP rate hike seen to tame inflation

ANZ Research expects the adjustment in the Bangko Sentral key rates can address inflationary pressures this year, further boosted by the country’s strong domestic demand In a research note dated February 8, ANZ Research said results of a survey among…

Facebook pledges $10M for community leaders

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LONDON (AFP) - Facebook said Friday that it will issue up to $10 million (8.2 million euros) in grants to help support and train community leaders around the world. The tech giant unveiled its new initiative at a London summit…

DoF chief mulls ‘reverse’ job fairs

Should the Philippine government start considering holding job fairs overseas to lure back Filipinos in the construction sector for the massive Build Build Build program? Department of Finance (DoF) Secretary Carlos Dominguez III thinks so. Dominguez said he had been…
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