July 3, 2022
June inflation likely hit 6% — poll
PHILIPPINE STAR/ WALTER BOLLOZOS By Keisha B. Ta-asan PHILIPPINE INFLATION probably hit 6% in June amid spiraling oil and food prices and higher electricity rates, according to a median estimate of 16 analysts in a BusinessWorld poll last week, boosting the case for bigger increases in key interest rates. This would be the quickest since […]
July 3, 2022
Analysts praise Marcos veto of Bulacan economic zone bill
WWW.SANMIGUEL.COM.PH By Kyle Aristophere T. Atienza, Reporter ANALYSTS mostly welcomed newly installed President Ferdinand R. Marcos, Jr.’s veto of a bill that would have created a special economic zone north of the Philippine capital, saying it sent a message that public interest should trump business gains. Mr. Marcos made the right decision in rejecting that […]
July 3, 2022
Business sentiment for next 12 months worsens
PHILIPPINE STAR/ KRIZJOHN ROSALES BUSINESS SENTIMENT worsened for the next 12 months, with consumers less likely to spend amid rising oil and food prices, according to the Philippine central bank. The Bangko Sentral ng Pilipinas (BSP) confidence index fell to 59.9% from 69.8%, according to the results of its Business Expectations Survey. “The less upbeat […]
July 3, 2022
Pushkart.ph plans expansion to Cavite, Pampanga by third quarter
ONLINE grocery shopping and delivery platform Pushkart.ph is aiming to expand in cities across Cavite and Pampanga within the third quarter of this year. Pushkart.ph said that the expansion to Cavite and Pampanga would be under a partnership with Metro Retail Stores Group, Inc., via its Metro Supermarket. “Well-positioned for expansion, Pushkart.ph is ready to […]
July 3, 2022
Filinvest starts making precast concrete products
CALAMBA, LAGUNA – Gotianun-led, Filinvest Land, Inc. (FLI) expects to boost product delivery as it launched along with Dreambuilders Pro, Inc. its first precast and batching plant in its township development Ciudad de Calamba on Saturday. “The addition of concrete batching into the portfolio of our construction arm Dreambuilders Pro will allow us to strengthen […]
July 3, 2022
SteelAsia to start operating Batangas melt shop in 2024
STEEL firm SteelAsia Manufacturing Corp. is planning to start the operation of its industrial scale melt shop in Lemery, Batangas by 2024. SteelAsia said the melt shop, which is the first of its kind in the country, will use the latest green technology from Italy-based steel and mining firm Tenova to reduce the project’s carbon […]
July 3, 2022
Cebu Pacific resumes flights to Sydney
BUDGET carrier Cebu Pacific announced that it resumed its direct flights between Manila and Sydney as of July 1 amid the easing of travel restrictions in the Philippines and Australia. “With this route resumption, we are pleased to fly once again to and from this destination after more than two years,” Cebu Pacific Chief Commercial […]
July 3, 2022
Filipinas open ASEAN women’s tournament against Matildas
FILIPINAS training under the watchful eyes of Alen Stajcic. — PFF HOST Philippines gets tested in the AFF Women’s Championship right away as it opens its campaign against Australia’s Under 23 (U23) team on Monday night at the Rizal Memorial Stadium. The Filipinas take on the Australians, the 2008 winners, at 7 p.m., intent on […]
July 3, 2022
SFA Semicon earnings down 20%
SFA Semicon Philippines Corp. (SSP) reported that its first-quarter net income attributable to parent equity holders went down by 20.2% to $3.19 million from $4 million despite higher revenues. In the first quarter, revenues increased by 13.8% to $89.95 million from $79.06 million in 2021, driven by sales of card, blister, and module products. “Based […]
July 3, 2022
Buy a shirt to give peace a chance
1 of 5 WHEN we’re running away from real tragedy: riots, plagues, and wars, of which we have seen far too much in the last two years, fashion tends to take a backseat. In a press conference streamed from Japan on June 16, Japanese clothing giant Uniqlo makes a case for fashion taking a leading […]
July 3, 2022
Business chambers endorse Trade dep’t position on joining RCEP, MSME support
REUTERS TRADE Secretary Alfredo E. Pascual’s intention to join more free trade agreements received backing from major business chambers, who declared support for participating in the Regional Comprehensive Economic Partnership (RCEP). Makati Business Club (MBC) Executive Director Francisco Alcuaz, Jr. said in a mobile phone message that the MBC supports Mr. Pascual’s plan to push […]
July 3, 2022
GOCC subsidies decline 82.31% as NIA gets P6.2B
NATIONAL IRRIGATION ADMINISTRATION PHOTO RELEASE SUBSIDIES provided to government-owned and -controlled corporations (GOCCs) declined by 82.31% year on year to P7.905 billion in May, the Bureau of the Treasury (BTr) reported. Budgetary support to GOCCs also fell 54.49% compared to the April total. They amounted to P32.296 billion in the year to date, according to […]