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Get the latest news on global and domestic trade and industry trends and developments. Be aware of the Philippine Government’s programs and projects for the development of Philippine Small and Medium Enterprises.
August 2010 Gov’t expects to start soliciting bids for PPP projects next year Hostage fiasco hit on bourse just a blip -- analysts Ayala Land to build more BPO buildings, cites demand rebound Sharp slowdown for imports ASEAN peers prod RP on ownership restrictions Factory output growth eases to 23.4% in June PNOC unit planning overseas expansion; to focus on ASEAN New SSS chief orders review Backlash feared after fiasco No long-term hit from ‘unique situation?’ Palace submits 2011 national budget to House Jollibee Foods expects local, overseas expansion to hike business by up to a quarter RP bet is Ms. Universe 2010 4th runner-up Optimism at record high; Previous peak hit during Cory’s term Electronics’ surge to turn modest Testliner board report out, no ruling yet on safeguards Bangko Sentral not expected to adjust key rates Senior IFC exec says investment hike under study Budget deficit rises to P229.4B San Miguel halts sale of Pure Foods Vehicle manufacturers upbeat on 2010 output Biggest crane maker showcases products in RP motor show Firms’ confidence keeps improving, central bank says ASEAN to be prompted on product standards WTO ruling to benefit RP Ford adjusts output in RP strategy shift Economic chiefs to highlight PPP push in briefing ‘Socioeconomic cultural transfer’ fostered by OFWs BIR misses July goal, warns of more shortfalls Peso may further weaken Tollway firm to contest TRO; seeking compensation an ‘option’ Export targets likely higher Capital outlay trimmed; gov’t still upbeat on growth Singapore eyes enhanced civil aviation ties with RP Toll hike rulings awaited San Miguel profits down in first half SM property firm offers P47.9B for Bonifacio lot BIR files more tax cases, trumpets conviction Holiday law to be reviewed MMDA urges PUV operators to invest in E-Cars and E-Buses Strong first half for exports May net outflow trims FDI tally Keep proposed incentives, car parts firms urge gov’t Treasury raises P25B from retail bond sale ABS-CBN’s core profit up 55%; network claims lead in sales MMDA urges PUV operators to invest in E-Cars and E-Buses PACCI highlights importance of E0877 to the auto mfg sector Tollway fees to rise next week Trade pact integration meet set with partners Vehicle sales still brisk as Jan.-July growth hits 37.2% RTB sale kicks off tomorrow Outsourcing reshaping Philippine society Philippines suffers brain drain as best workers go abroad Stocks surge to highest in nearly three years Sept. implementation for MRT/LRT fare hikes? Inflation stays steady in July New storm seen as Domeng exits; phenomenon possible Aquino revokes Arroyo’s ‘midnight’ appointments $1.1B eyed from peso bonds Utilities boost Metro Pacific’s first-half earnings to P1.93B Bank deposits surge 9.7% Strong corporate earnings spur buying Palace intervenes in PAL row Casino venture eyes ‘Planet Hollywood’ PBCom income rises 164% TV network expects to top ’09 profits amid ad boom Earnings reports anticipated this week July 2010 Gov’t casts wider net in bid to raise revenues BPI prices stock rights offer Cebu power utility hikes rates under PBR scheme Peso sustains appreciation PSEi slips on profit taking, slowing US growth Import rise seen to taper off Growth of factory output slows, but still a rebound Pinoy drivers found among the most fuel efficient Philippines ripe for real estate investment trusts -- experts HSBC aims for P10B in housing loans Action plan awaited Investors look forward to SONA, earnings Stock exchange switches to new trading system Government lays groundwork for renewable energy pricing URC, consortium in shortlist for 49% Pure Foods stake Independent directors scored over transparency Ad spending up in first half Subic revenues grow faster in first half Bank resources rise in May RP eyes Trans-Pacific Partnership entry Leading Pinoy Fast-Food Chain Continues to Tap BPOs Hunger remains high in RP Unwinding calls follow raised forecasts Budget chief says first-half shortfall likely over P178B Gov’t eyes five-year bonds Gokongwei property arm sets expansion of mall in Bacolod Investors taking note of RP Gov’t offered 100-day agenda San Miguel gets four bids for Pure Foods stake -- Ang No more water for Metro Manila by September? Cebu tops listing of competitive cities Inflation forecasts cut anew;2012-2014 target also announced as BSP keeps policy rates unchanged Business sentiment still optimistic, surveys show May remittances hit record $1.6B, raise tally to $7.4B Think tank sees nearly flat farm growth this year Ortigas & Co. may turn Greenhills complex into a REIT Higher import, export growth seen for 2010 Heads of investment agencies named Shipments of RP goods up 37% on demand recovery BSP eyeing charter changes Fourth hotel set to rise in ‘Newport City’ Pinoys trustful yet pragmatic;Confidence in Aquino substantial but few pledges expected to be met BSP expected to keep prudent stance Stricter rules loom for secondhand cars Philippines to shun mass-market tourism Puregold chain plans to open 10 more outlets to hike sales RP more restrictive than most Prices at power spot mart expected to rise Gov’t to tighten belt with 60% of budget used up ADB to put up rooftop solar energy project Eastern Telecoms eyes SMEs for fiber-optic line; taps S’pore software firm Slower inflation points to rates staying steady Tug-of-war over MRT ad spaces cutting revenues Bargain hunting reverses index decline San Miguel set to enter airport project Inflation slows to a 7-month low in June Pinoy Fast-Food Chain Helps Cultivate Entrepreneurship Attrition law back in focus; Finance dep’t starts listing thrusts in effort to rein in deficit Carlyle, CVC, Universal Robina said in the hunt for Pure Foods First-half pledges already more than 2009 tally -- PEZA Investors want Aquino to study Indonesia Pagcor told: Honor casino deal with Fontana leisure complex US retains perks for RP goods Economic managers to discuss country’s finances Investments, consumer welfare top DTI agenda Banks continue to slash rates Pancake House to buy new restaurant; sets regional expansion A pledge to end poverty Aquino gov’t cleans house as it starts work Supply lack may derail biofuels thrust WB OK’s $4.97-M climate change grant Anti-corruption, infrastructure promises cheer business groups June 2010 Steel tariff’s removal finally OK’d by gov’t Fast growth pace being sustained by ecozone firms New markets, skills needed for remittance boost BPI eyes lending expansion STI sees boost despite nursing’s decline Local Fast Food Chain Supports “Kuya Ef” P2.4 trillion targetted in RP marketing plan StanChart optimistic of prospects ADB considering $1-B facility for renewable energy projects Nat’l Book Store chain opening up to 10 new mall-based stores Nestlé’s RP unit expanding operations, not relocating, Trade dep’t chief says True Healing is in Being Green Yuan rise could benefit RP First-half deficit cap breached last May? Price ceiling for flour removed; DTI to pursue charges vs millers Uniform tax rate proposed to boost RP capital market Clark free port seeks bidders for tourism, residential area Power firms file rate hike pleas P3.5B added to deficit goals for third and fourth quarters BIR fails to meet monthly goals for first time this year Focus on urban competitiveness sought BSP scraps remittance fee Governance focus pushed Higher budget deficit prods gov’t to plan more local borrowing Revenue chiefs cautious on new targets Stock exchange notes more investors even amid crisis Wind energy firms cite barriers, ask gov’t to set feed-in tariffs Extra P43B from faster growth;New macroeconomic targets up for approval today RP gains seen as EU loses tariff case SEC, brokers headed for court over bourse ownership limits Burger King chain sets P600M, five-year expansion in Metro PSALM needs $1B for ‘debt management’ Consumer confidence up on change in gov’t Export growth weakens in April FDI stay positive but inflows for March down substantially World Bank sees higher RP growth of 4.4% for 2010 Lucio Tan: PAL not for sale No inflationary threat seen;BSP says P22 wage hike within expectation Saving the environment deemed profitable Congress to proclaim RP’s next president, vice-president today Bank lending rises in April Profits of listed companies jumped by three-quarters to P358B in ’09 -- PSE Pinoys even more optimistic APEC ministers reaffirm stance vs protectionism Groundwork starts on 2011-2016 dev’t plan Local currency to trade sideways GSIS claims P18.5B in earnings from disposal of Philex stake BSP cuts inflation forecasts Last-minute legislative work set Implementing rules of 2010 IPP out this Saturday RP’s enabling trade ranking plunges Peso rallies as risk aversion abates APEC free trade deal pushed Power plant shutdowns revive brownout threat Ecozone export sales up 43% in first four months Exportbank wants sale to push through Peso falls amid risk aversion May 2010 Export targets hiked anew Finance submits transition ‘wish list’ for next gov’t Bangko Sentral not expected to adjust key rates Tax bureau checking health care firms’ value-added tax compliance Higher T-bill rates expected Q1 growth surprises, prompts target review Bangko Sentral to consider uptick in setting policy Tax effort gains recorded in first quarter -- Finance Expert cites Mindanao’s potential for abalone production Peso climbs on growth data EU woes could affect exit plan P7B in back taxes due from tollway firms -- BIR Project delays tied to fund flow, LGU bottlenecks Assistance to poor to include seeds for ‘backyard planting’ Peso to weaken further; 20-year bond rate to rise April 2010 Remittance growth goal hiked to 8% Quota revisions to be tackled by IMF next year Q1 deficit ceiling may have been overshot by gov’t Philippines among markets most hit by Internet threats Bank eyes women borrowers Leeway to tweak wages sought Employers’ group says flexibility needed in times of economic difficulty Draft REIT rules issued by regulator RP less sensitive to fiscal stresses in Europe -- IMF Finance delays data release, cites absent officials SSS to introduce gold trading Next gov’t needs new taxes;Priorities tagged by Cabinet official, economists Investor optimism up, Aquino top pick in ING poll BIR warns April could be a bad collection month Fewer foreign direct investments NG debt hits P4.4T in Jan. RP export recovery continues Internet fuels election smear campaigns Economy seen growing 3.7% this year IMF, ADB warn versus capital flow surges Peso surges on remittances, exports Arroyo rating hits all-time low; Net satisfaction score of -53 eclipses president’s previous record Lenders agree to common blacklist PSALM seeking $1 billion on top of bond offering Remittances to boost peso Splash expands direct-selling network beyond Metro Manila El Niño toll hits P9.6 billion;Gov’t, seeing minimal impact, to keep growth target Inflation at three-month high in March Trade dep’t ordered to monitor expected iron, steel price spike Test to gauge students’ outsourcing skills under way Peso soars to P44.92:$1 ASEAN’s integration aim seen back on track March inflation likely up on higher fuel, utility prices US Senate bill proposes perks for RP garments BIR, Customs topped collection targets set for first quarter BSP to issue new trust rules March 2010 Sans Palace order, VAT on tolls to push through Monetary Board approves plan to sell up to $1B in OFW bonds Teves says asset sales may be left to next gov’t Davao IT sector eyes India ties Rules out on microfinance raters 2010 Doha target not definitive Regulator bucks VAT on toll fees Central bank OK’s loans for ARMM, reconstruction State borrowings dip as of Feb. Davao tracks tourist spending Import rise fastest since ’03 MCC defers decision on compact funding Manila less preferred by expats Industrial production surges in January -- NSO Consumer pessimism eases in Q1 Factories record 39.3% output jump in January Gov’t keeping growth target; Farm losses to be offset by other sectors -- NEDA chief Businesses expect second quarter to be better than last year’s More state agencies set to use governance scorecard system Aussie aid agency contributes to Mindanao dev’t program Mitsubishi launches the new Filipino workhorse – the L300 FB Exceed 17-seater Perks eyed for power projects; Additional incentives via IPP to help address supply lack Outages due to unfortunate events? Pledges received by BoI, PEZA up 107% as of Feb. P1.5B earmarked to guarantee loans to hard-hit farmers Dry spell hitting rural banks GMA inks land titling, tax info sharing laws Firms warned of fresh antipiracy drive Palace approves OFW bond offer of up to $1 billion San Miguel to exercise Petron option this year Barbie bidding war 2.8 million unemployed; Jobless rate at 7.3% as of January Foreigners allowed to join gaming sector Karaoke/videoke bars now subject to amusement tax Philippines seen next to approve GMO rice Advertising-Based Model to Sustain Public Service Incentives await Arroyo’s okay; Proposed investment priorities, motor vehicle dev’t plans sent to Palace Garment exporters claim US lobbying trip a success Door narrows for foreign workers in Singapore Banks urged to look beyond NCR Foreign Electric Vehicles Manufacturers Praise Filipinos’ Ingenuity BSP slashes lending budget; Policy tweaks limited to rediscounting window Revenue gains limit January shortfall Some businesses thriving in Mindanao’s power shortage Ireland exploring more opportunities with RP RP tops global outsourcing industry in job openings Puerto Princesa acquires another eJeepney Bid Network Awards Local Eco Friendly Food Chain Power charge up P1.83/kWh Lifestyle check poised on flashy taxpayers Businesses driving car sales P6.48-B typhoon-damaged infrastructure rehabilitation project gets approval Pag-IBIG Fund raises P11.9 billion from bonds Growth upgrade for electronics Incentives to stay as crisis not over? RP to export more sugar to the US despite tight local supply Dry spell putting P6.3-billion Negros poultry industry at risk Real estate loans rise in ‘09 San Miguel loses Laiban deal; MWSS says joint venture talks for P52-B project ‘terminated’ Gains made but challenges remain Businessmen say gov’t can still expand achievement list Tax collection performance mixed in February Inflation seen manageable Despite calamity, Sy holding firm’s profits grow faster The eJeepney Revolution: The Beginning of a Greener Lifestyle Fresh outages averted;Energy chief calls Monday’s brownouts ‘very unusual’ Wage hikes before Arroyo gov’t exits? Male-female socioeconomic gap narrower Finance expects 1st quarter deficit target to be met Millers press Customs bureau to act on undervalued flour Arroyo orders use of El Niño fund to give alternative jobs WTO ruling on RP-Thai dispute out this month Ban on unprocessed ore exports eyed;DENR out to maximize mineral resources’ value Top company officials to be held liable for tax reports’ correctness End to Visayas power woes within sight? Resolution of meat export problem up to next gov’t -- industry exec Microinsurance rules out February 2010 Understanding the Business of Education Companies even more upbeat; Improved sentiment mirrors that abroad, says Bangko Sentral Imports drop within target following December uptick Manufacturing output extends rebound in Dec. Peso slumps to P46.28:$1 El Niño-caused water lack could peak in June Pinoys’ optimism recovers; 33% expect their lives to get better versus 12% who think otherwise Trade barriers expected to increase this year 2010 deficit seen lower; BIR, BoC doing fine so far Agriculture dep’t pins hopes on high-yield rice varieties Threats to Philippine coastal ecosystems cited El Niño toll could worsen Gov’t urged to adopt ‘export recovery’ incentives BSP profits decline in Nov. Ongpin-led Alphaland to spend P4 billion on new Makati mall Robinsons to open retail shops in Ayala-Floirendo joint venture Deficit tops gov’t estimates Agri output target could be cut due to El Niño Gov’t action needed to spur firms’ use of regional trade agreements Firms cleared for power option scheme Advertisers advised to maximize potentials of social media Achievement of UN dev’t goals ‘off track’ Car firms press proposals for new incentives scheme Agriculture department assuming worst case for crop production in the first semester Finance official says ’09 shortfall didn’t top P300B British investor pours in $50M on Ayala-led outsourcing firm Lifting of investment curbs urged Unenacted law to blame for RP’s tax haven listing C. Mindanao’s pangasius business hits P100 million Peso hits two-week high Globe Telecom gets P2B from Lucio Tan bank Auto sector perks tied to parts manufacturing BSP okays microinsurance sales Fresh restraining order obtained by Pilipinas Shell Philippines looking to revive its coffee industry Gov’t bans imports of pork, poultry from S. Korea, Taiwan 800-seat Panasiatic Call Center to open in Bacolod by June Rotating brownout looms Rice import cap raised Pfizer suffers setback in its campaign against generic anti-cholesterol drug Central bank chief stable after heart bypass surgery Tax campaign on motels to yield P500M 2010 budget signed into law ; Stimulus spending still included Automotive sales up 33.8% in January Big ticket items in BIR’s sights Philippines, Brunei explore partnership on sardine processing Tuna firm bullish on salmon venture, Indonesian unit Peso jumps as dollar falls against euro 2013 budget goal still viable Campaign to start as race tightens ‘It’s not a funding issue’; Call option to be exercised BIR targets motels in Project Valentine Investors to look to global markets for cues Thrift, rural banks’ NPLs rise May elections ‘crucial’ -- S&P Congress OK’s corporate recovery bill Business gives Congress failing marks Main revenue agencies off to a good start Tuna exports drop by a fifth in 2009 due to fishing ban in Pacific Ocean Peso climbs to 2-week high First-quarter pickup forecast; Export rebound, election spending to drive growth El Niño may cause heavy palay loss Gov’t completes rules for duty-free sugar shipments Flood-prone resettlement areas to be cleared Cement prices seen stabilizing SC says cooperatives entitled to tax perk BSP considering next steps;Inflation still the primary consideration -- Tetangco Renewable energy deals awarded Auction for Ilijan plant attracts interest of at least four firms Cost of Bataan nuke plant rehab set at $1 billion Print still losing ground to TV, radio Sardine industry banking on warmer seas to increase catch Perks for job retention to be removed Strike notice filed by PAL union Analysts expect January inflation to fall within central bank forecast New microinsurance rules issued; Regulators want informal schemes closed within a year Former Legacy official nabbed January 2010 Growth slowest in 11 years BSP takes first step towards exit Amnesty proceeds to finance BIR’s tax information system Microinsurance to yield P2.5B, DoF says RP seen exporting pork for the first time; Test kits to ensure pork quality to arrive next month Peso firms up by 10 centavos Sweeping tariff review set Imports up for 1st time since Oct. ’08 Gov’t sees debt rising in line with higher deficit cap Farm dep’t seeks P1.7B to weather El Niño Moody’s upgrades outlook on banks Convergys to hire 6,000 for expansion Mining investments seen rising;2010 forecast of $1.428B tied to increased global demand RP-Thailand rice deal could be inked next month VAT collection improves to P164B in ’09 Subic seen getting more Taiwanese investments Renewable energy sources to boost RP’s power supply New micro-agri loan rule OK’d Priorities for next gov’t tagged Ayala firm IMI goes public; other listings expected ‘Recovery has to come from the private sector’ Davao agriculture board asks developers to go slow on land conversion Peso gets lift from China growth news WTO to rule on RP liquor tariffs Perks eyed for storm rehab projects Push for renewable energy to cost electricity consumers ’09 farm output below target; dry spell to hit 1st half P20-billion face-lift set for Ayala Center BIR to run after state firms, LGUs for P25-billion back taxes EU pushes bilateral trade pact Thailand offers to sell up to one million tons of rice Fisheries industry expected to grow 5% Merrill Lynch sees GDP up 3% Peso strengthens slightly No revenue laws from Congress; SNITS, incentives rationalization okay unlikely given little time Remittance growth still at record pace BoI targets 10% rise in investment pledges Privatization plan calls for first-quarter sale of three big-ticket items Export recovery seen to take two years Ayala Land forms Amaia Land for ‘economic housing’ venture Gradual unwinding set; While rain clouds linger, the global storm is over’ -- Tetangco Lender notes RP resilience but says more must be done Hot money flows positive in 2009 -- Bangko Sentral EU likely to ask anew for WTO intervention in liquor tax row NPL ratio continues decline Lending rises in November Rebound raises export hopes;November shipments up 5.1%, ending 13-month decline Foreign direct investments stay positive DTI tags stores in drive to rein in cement prices Ayala Land sees growth ‘across the board’ Peso appreciation stalls as it loses 7 centavos Satisfaction with Arroyo gov’t falls to record low 2010 deficit could hit P320B -- Fitch Insurance for the poor a step closer to reality Bakers shelving ‘budget pan de sal’ program Still no consensus over handover of SLEx to Malaysians -- PNCC BSP to start unwinding policy; Rediscount rate on short-term loans to banks under review Forex holdings hit record high of $45B Gov’t targets to buy 584,000 MT of palay Napocor seeking increase in generation rates nationwide SSS law to condone penalties Gov’t, JBIC reach deal on yen bond guarantee Yearend rise pulls ’09 inflation to 3.2% Business group wants candidates to detail agendas BIR expects to have fallen short of 2009 target by P55 billion Australia gives $6M for rural development in Mindanao Trade flow boost expected Revenue agencies want 2010 targets lowered Gov’t projects slower increase in mineral production for 2010 BSP’s nine-month profits jump by 11% Pre-need industry group expecting a revival under new law December 2009 ‘Bad’ satisfaction rating stays Mining investments miss this year’s target Manila proceeds with ASEAN tariff deal State records higher debt payments in November Peso closes stronger due to remittances Polls key to business hopes Regional tax directors now authorized to move staff End-Nov. state borrowings up 13% on ADB loan, bond sales Arroyo ready to sign SSS condonation measure Peso expected to weaken vs dollar in 2010 Inflation to hit 8-month high 2010 tax collection targets to be cut Foreign investments seen to pick up BIR to reshuffle RDOs before yearend San Miguel eyes more telco, power firms Roadblock hit in JPEPA tariff talks Banks get reprieve from reporting rule Increasing investments crucial to reducing poverty -- WB exec Investment chief admits ’09 target will be missed No hope for revenue bills in 14th Congress ADB shaves RP forecast Jobs situation improves Oct. remittances highest so far for ’09 Prices rise slightly in fourth tender for 2010 rice supply BSP rates seen unchanged Privatization boost ruled out Typhoons dampen Pinoys’ inclination to spend Mobile phone firms told to drop per-minute billing Arroyo leaving for Copenhagen climate summit BIR admits missing November goal Gov’t may hike 2010 deficit cap Vehicle-specific perks eyed to lure investments Ayala-led firm’s listing plan approved by PSE Bangko Sentral rates seen steady;first hike in Q3? Public sector debt hits P5T Early recovery for electronics Exports plunge eases to single digits RP eligible to seek 2010 grant -- Millennium Challenge Corp. Revamp of anti-poverty thrust pushed Rural bank’s ‘toilet loan’ program takes off Threat to jobs not over Shortfall, economy to weigh on decision to keep spending Power shortage the price to pay for growth Forex reserves hit $43.73B in Nov. -- BSP Peso weakens as dollar gains on labor data Satisfaction with gov’t drops Mixed sentiments on martial law More open trade to swell ranks of informal workers S&P projects deficit at P272B, but sees better conditions in 2010 Plantersbank Tier 2 issuance approved No help from privatization Reprieve for distressed exporters Gov’t hikes budget for rice purchase as prices start increasing Exporters worried over dwindling state support as elections near Peso appreciates to P46.25:$1 Bids sharply up at rice tender Manila trash becomes hot London fashion item $10-million WB funding sought for Laguna Lake IFC expects more applications for local gov’t loans after polls Peso firms up on risk taking November 2009 Growth weaker than expected Gov’t to continue stimulus spending Tariff cuts to push through as scheduled -- trade execs ADB approves $225-M loan for local gov’ts Peso retreats Gov’t quizzed on exit strategy Farm, infrastructure projects get P23 billion from Japan aid agency Customs bureau braces for P36-B shortfall this year Remittances, spending in polls expected to drive 2010 growth Ayala approaches Camposes for Greenfield Peso retreats Hunger up following storms IMF backs central bank on exit strategy stance Marikina secures preliminary okay of P300-M loan ‘Green’ transport policy eyed to be implemented in 2010 Billions of pesos lost due to air pollution, says World Bank study Supply concerns downplayed Sept. exports dip smallest in 10 months E-jeepneys finally on public roads Ayala Land to sell P1B in bonds to overseas Filipinos next year Peso closes lower Climate change agenda for Arroyo at APEC meet Quartet of reconstruction ‘czars’ needed? Gov’t eyes 18 geothermal areas for dev’t Increased spending not enough to offset impact of storms Globe Telecom asks regulator to block entry of new firm Fuel price freeze could be limited to ‘hot spots’ Higher food prices lead to Oct. inflation spike Bangko Sentral in no rush to start raising rates San Miguel net income boosted by liquor units Demand for dollars pushes down peso Ranks of mahirap increasing World Bank sees 1.4% growth for RP New business ‘philosophy’ for Ayala SoKor, Viet firms give lowest bids in auction for 2010 rice Peso rebounds to P47.54:$1 Meeting target still BIR’s goal Manila traffic found costing economy $2 billion each year Google, STI offer Web boost for MSMEs Gov’t working to keep budget deficit in check Not enough domestic savings in RP to support investments October 2009 Business community bucks fuel price freeze Controls to stay until rescinded by Malacañang US companies eye farms, aquaculture areas in Mindanao Awarding of contract to operate Batangas Port targeted by yearend Peso skids as dollar firms Next gov’t faces fiscal crisis Imports drop eases; industries upbeat NFA raises P9B from bonds, wants more via tap facility Cash transfers benefit Samar poor — gov’t Peso weakens as banks pad dollar position Rice row unresolved Too little spent on flood control Better Q3 seen; last three months ‘still being assessed’ CSR needs to be part of company business models Land titles to spur lending in the countryside Post-disaster assessment set RP to focus on tariff cut schedule at ASEAN meet Outsourcing share under threat Peso slumps as dollar firms up Convergys opens largest call center in RP Long-term growth focus urged Lender ready to redirect aid to rehabilitation effort New outsourcing niches cited UN body commits $71M more loans Peso slides after investors seek haven in dollar Plantersbank eyes Tier 2 Part of $1-B bond sale to be used for this year’s shortfall ¥14.6-B farm loan approved Calamity aid use exempted from poll ban Market to go for P46 per dollar Banker named Entrepreneur Of The Year ’09 Local investors more bullish — ING survey Philippine film sector seeks new stage National gov’t debt rises to P4.2 trillion in July Peso appreciates to 13-month high Reconstruction bonds rushed Gov’t banks on remittances to offset storm impact Gov’t may extend price controls Internet banking use to rise Peso hits fresh 9-month high Drop in exports eases Storm impact to hit RP’s competitiveness Strong remittances prompt gov’t to keep ’09 GDP target Peso may end year stronger vs dollar More RP companies buying software to predict customer behavior RP microfinance sector ranked 3rd ‘most advanced’ Storm aid takes center stage in RP dev’t forum Remittances seen to grow even faster Plans to export corn to Vietnam could be postponed to 2010 Rural banks gear up for Basel Gov’t mulls 2-million ton rice imports Entrepreneur Of The Year Philippines 2009The road not taken HSBC raises GDP forecast to 1.8% due to steady inflow of remittances RP bonds soar to record-high Peso resumes appreciation Inflation starts picking up Economic planners see 0.2% hit to GDP New body to coordinate rural dev’t thrusts Software firm sees RP as major market, cites strong retail sector Prices climb as investors react to good news Firms lose at least P1 billion;Ondoy’s toll preliminary and Pepeng damage still to be counted — PCCI Rice imports seen as storms hit crop Gov’t pins hopes on non-tax revenues Bigger ‘voice’ in IMF expected Shell to spend $80M to drill new well in Malampaya field IMF now sees growth for RP Global economic recovery has started Enough wood for rebuilding Standards sought for alternative medicines Peso appreciates to five-month high September 2009 Gov’t struggles to deal with Ondoy aftermath Energy dep’t finalizing deal to develop deep ocean power Taiwan donates weather forecasting tools Mindanao to ship thousands of hogs a month to Metro Manila in the 4th quarter BSP relaxes hedging rules for non-banks Storm batters Metro Manila BSP expected to keep policy rates unchanged T-bill rates may rise by 5 bps SM group considering bidding for Food Terminal property Australian miner begins gold, copper exploration project Current account surplus improves: BSP Q3 electronic exports bare rising demand Iloilo’s tax system cited by World Bank, Landbank Over 100 SMEs benefit from DoST fund assistance program Peso continues to surge Bourse notes first-half gains ASEAN considering expanded free trade pacts Economists see 5.5% increase in ’09 remittances Biofuel development attracts P83-B investments since 2007 International flights soon at the new Iloilo airport Target likely to be topped as BoP surplus hits $2.7B Philippines gets high marks as an emerging market Cebu businessmen shrug off looming electricity rate hike Sustainability an issue for reforms boosting local gov’t transparency Peso climbs to P47.76:$1 Demand for retail bonds could exceed P100 billion Remittances up by 9.3% in July; new record seen ‘Dare to dream’The Entrepreneur of the Year 2009 Peso surges as dollar falls Miners to boost investments in RP amid rising metal prices Bilateral pact urged given delayed ASEAN-EU talks BSP approves €149-M Ro-Ro loan Rice inventory seen sufficient until first week of October Planned new fish port seen to boost Samar’s tuna industry P100B seen from bond sale Hot money, FDI post net outflows; tallies still positive Prosecution fund to be set up for aggrieved investors Hanjin exec says $2-B shipyard project to proceed Real estate loans up 23% in first half Peso gains as demand for dollar wanes Arroyo wants growth goals revised upwards Reserves rise to fresh peak of $41.3 billion Renewable energy sector seen to draw UK investors Gov’t mulls corn exports to India, Kenya Peso advances as investors dump dollars Retail bond issue finally on Software firm braves market, stages IPO Ad spending up despite downturn Analysts see growth accelerating in the second semester Businessmen in Tawi-Tawi seeking closer ties with Malaysian, Indonesian counterparts No rush to reverse policy Asset sales boost San Miguel profit Reserves likely topped $40B last month — BSP Finance dep’t expects RVAT collection to hit P77B next year ASEAN in search of best practices in poverty-alleviation initiatives August 2009 Growth tops expectations Crisis to have little impact on RP banks’ credit ratings Business sentiment turns positive in latest BSP survey Resource management to top discussions in tuna congress Banana exports to US seen by next year BSP to update its macroeconomic assumptions India entices RP with free trade Factory production seen key to sustaining recovery Gov’t prices corn for Vietnam House committee approves perks for Sarangani ecozone Pinoys still hoping for the best; Net optimism rises in new SWS poll Philippines set to export yellow corn to Vietnam to ease farmers’ plight Thailand said considering RP plea on sugar, rice tariffs More companies expected to prepay foreign loans next year UN, China hybrid rice program targets to raise yield in Philippines, 11 others Treasury bills may fetch higher rates $506-M BoP surplus notched in July Gov’t forecasts increase in palay, corn production Ex-SGV partner joins tax bureau as senior official RP geohazard map completed next year ADB provides $225,000 grant to boost economic planning Gov’t to hike 2010 spending Public sector surplus rose by a third in 2008 — Finance dep’t Gov’t improves its use of ODA Region 8 intensifies anti-black bug measures ‘Clean’ technologies pushed in N. Mindanao Mindanao’s tourism industry set to launch key projects this week July 2009 PGMA gets warm welcome from Fil-Am community in Washington, D.C. PGMA names seven new National Artists PGMA to thank US Government for the USD 190 million payment for World War II Filipino vets PGMA ready to answer 'open letter' for US President Obama PGMA cites importance of her upcoming meeting with U.S. President Obama PGMA underscores importance of upholding peace, security in barangays US-RP partnership in focus as PGMA departs for Obama meeting PGMA leaves for US state visit Local execs come out in support of PGMA feats History will be a kinder judge of the President's legacy - Remonde PGMA resolve to step down very clear in her SONA, Remonde says PGMA cites benefits derived from her trips abroad There is still more work to be done, PGMA says Energy independence and lower power rates PGMA's legacy to sustain growth Economic sustainability one of PGMA's legacies to Filipinos, Remonde says PGMA SONA elicits varied reactions "State of our Nation is a Strong Economy"--- PGMA Ordinary Filipinos now enjoy cheaper medicines, lower rental rates Pacquiao a favorite among Congressmen at PGMA's last SONA PGMA administration cites importance of education in reducing poverty PGMA fights back, fells critics with one big punch Palace official lauds PCGG for ill-gotten wealth disposal Gov't transportation and infrastructure projects benefit poor Filipinos - Mendoza PCGG remits P51 billion to national treasury under Arroyo gov't PGMA's CLEEP program helps cushion impact of crisis among poor workers Next RP President is very lucky, PCCI official says Educational reforms improve National Aptitude Test results PGMA programs, projects uplifted Filipinos’ health, welfare, says Duque Remonde questions Washington Times editorial on PGMA-Obama meeting RP posts record 34 quarters of successive economic growth under PGMA Demand for Filipino workers abroad expected to hold up PGMA’s SONA online on OPS website The good news: NAPC livelihood program bears fruit Export offensive to make RP a dominant supplier of mango BIR, BOC eyes P30 B revenue collection in second half SONA to highlight PGMA accomplishments Palace lauds Enrile’s positive appraisal of PGMA’s legacy FCGCCI cites PGMA for providing RP with sufficient sources of resiliency amidst global crisis PGMA to highlight her legacy in final SONA PGMA envisions RP to join first world countries in 20 years PGMA assures lower electricity rates PGMA assures lower electricity rates Real estate sector thanks PGMA for policies that helped them during the crisis PGMA, De Castro to award housing certificates to transport workers SONA to focus on PGMA accomplishments PGMA may discuss important global issues with Obama PGMA conferred Datu Sikatuna Award of Excellence by Bohol-Anons PGMA cites local government leadership, strong tourism appeal as main factors in uplifting Bohol image P500-million fund available for conversion of diesel-fed engines into LPG-capable machines RP won’t fall into recession, says Global Source PGMA cites importance of international engagement Govt will continue to help MSMEs access financing, gain markets PGMA envisions lasting peace in RP Palace hopeful that oil companies will lower prices PGMA to CHED: Strengthen scholarship program for engineers, scientists The Good News: Merchandise exports increased by 10.1 percent in May RP to continue active role in Climate Change, says PGMA Peace and order high on Obama-Arroyo meeting, says PGMA More good news for the economy: Export slide bottoming out, July inflation is lowest PGMA assures: There will be elections next year PGMA returns home from NAM Leaders Summit in Egypt Record OFW remittances in May hardly surprises Palace PGMA will sign MDRP, Duque assures public PGMA’s continuing role in developing BPO industry lauded Performance, not popularity, is PGMA’s yardstick: Palace Arroyo-Obama meeting may dwell on regional peace, prosperity PGMA signs directive on digital signatures PGMA cited for call center growth in RP RP economic recovery, military assistance up in PGMA-Obama meeting; ‘quid pro quo’ issue baseless PGMA signs Rent Control Act into law PGMA to launch new PNR trains in Tutuban PGMA to sign Rent Control Law tomorrow PGMA to bring up poverty alleviation program, economic resiliency plan in meeting with Obama - Remonde Palace assures 50 percent rollback on selected medicines PGMA first Southeast Asian leader invited to Washington PGMA cites OFW contribution to RP economy RP still better off than most other nations, says PGMA PGMA named to speak for Asia in NAM summit in Egypt PGMA launches National Youth Service program Government lending program generates 2.5 million jobs PGMA honors outstanding MSMEs Office of the President launches Moral Renewal Program First Presidential Awards for outstanding MSMEDs tomorrow PGMA takes closer look at National Social Welfare Program NEDA upbeat on RP’s GDP rebound PGMA orders NTC to act on spam texts, vanishing load PGMA to bring RP cause to NAM Summit PGMA’s CLEEP includes senior citizens as beneficiaries PGMA to attend the NAM meeting in Egypt July 15-16 -- Remonde PGMA orders DILG, DoF to enforce financial assistance guidelines to LGUs Tough grind awaits recharged PGMA next week PGMA leads nation in observance of Fil-Am Friendship Day tomorrow PGMA cites long standing RP-US friendship RP, Brazil bilateral agreements to address climate change, promote sustainable agriculture PGMA to RP’s top students: Help gov't in pursuing national economic recovery Education is ticket to better life, says PGMA PGMA lauded for getting Japan's assurance on RP seafarers' security vs piracy while off Gulf of Aden Gains of PGMA's 4Es and 1H program on economy, education, environment, energy, and health cited RP advances in 4 of 6 dimensions of World Bank report PGMA back from 10-day fruitful trips to Japan, Brazil and Hong Kong June 2009 Palace cites need to bolster democratic processes PGMA gets warm welcome from OFWs in Hong Kong Benefits of PGMA Japan, Brazil visit cited RP economy moving upwards says NEDA PGMA gives marching order to DOH and DA on influenza AH1N1 problem PGMA’s last SONA to focus on economy and education PGMA urges Congress to institutionalize her poverty reduction program (4Ps) Palace remains optimistic of positive economic growth this year PGMA greets Manileños on 'Araw ng Maynila' PGMA, Brazil’s Lula de Silva share one thing in common Closer RP-Brazil cooperation in development and production of renewable energy resources seen DOH maps out plans for A H1N1 strain RP on verge of First World in 20 years -- PGMA April 2009 Exports drop eases; silver lining seen Peso back to appreciation mode Banks urge more relaxation of foreign exchange rules Rent control bill hurdles 2nd reading More businesses register in W. Visayas in 1st quarter Galoc to deliver oil to Japan next week Gov’t looking to soon ink P8B in biofuel investmen Survey says optimism up in Metro Manila Gov’t slates retail bond issue Peso sustains gains as sentiment improves Palace claims 200,000 more Mideast jobs available Ayala outsourcing unit bullish of prospects amid downturn Life plan sales nearly double in Jan.-Feb. as public shuns education and pension plans Franchisers remain confident despite OFWs’ uncertainties Boracay expected to post bigger earnings in 2009 RP, three others, removed from OECD blacklist Inflation eases to 6.4% RP firms say productivity, outsourcing, new products key to boosting profits Oil and gas explorers set to start seismic survey in resource-rich Visayan basin site W. Visayas planners endorse P13-B infrastructure projects Summit to push new economic order Metro Pacific wants to buy Manila-Cavite Coastal Road project Central bank impresses on S&P team economy’s strengths P13B allocated for irrigation in W. Visayas S. Cotabato earmarks P178M to spur economy Gov’t vows prudent use of stimulus Imports to be facilitated by Web-based scheme SM Investments expects net to top market forecasts Road projects to ease traffic in Metro Manila Atlas mining set to upgrade copper mine Country’s foreign debt cut by $1B in 2008, says BSP As much as P53-billion biofuel investments expected RP’s financial markets projected to recover in the second half Philippines packaged as one-stop-shop for health services Farm dep’t plans to spend P10B for irrigation repair March 2009 Central bank confident amid S&P review Isabela chosen to produce corn for export Retailers confident of steady growth despite downturn Canadian outfit set to explore more copper, gold deposits AMA university, Bahrain firm in farm venture Exports recovery may limit job losses Asset sales, beer gains lift San Miguel Inflation to again ease this month, says central bank P250-million shipbuilding facility to rise in General Santos City Cebu to be more aggressive in luring outsourcing firms Bank resources rise to P7.3T Pag-IBIG allots more funds for home lending RP, Taiwan ink eco-label pact State claims job losses from crisis over OFW protection up in talks CEOs should keep up to date through Facebook et al Hunger down substantially WB approves $10-M additional funding for irrigation program Philippines considered as shipbreaking site Business service automation tagged key to luring investors Roasted food chains brush crisis aside House approves rationalization of fiscal incentives Peso gains on Fed plan Government, industry chart direction to resolving demand-skill mismatch Japan pushing digital television standard for RP Bananas from former battle zone make their way to supermarket chains in Metro Manila Lower water rate hikes offered for a new concession Davao City digs in with P3-B loan facility Land reform support services tapped to generate more jobs Globe Telecom opens submarine cable system, eyes bigger broadband share Ratings lead in Metro Manila, Luzon to fuel growth — GMA Network G20 finance ministers back rescue funds boost Measure seeks merger of tax, customs bureaus No spending cuts to limit deficit Local governments advised to link up with business groups to lure investments Negros sugar mill commissions bagasse-fired plant Consumer sentiment improvesResult a ’good indicator of what to expect for the economy this year’ — BSP San Miguel Brewery gets green light for bond offer Pinoy billionaires gain even as crisis trims Forbes list NLEx extension to be funded by P100-B stimulus Philippines plans to export 150,000 MT surplus sugar Manila among world’s least expensive cities for expats Peso firms up BPOs’ new requirement: Managerial talent Summer jobs await students, graduates Diesel, kerosene prices cut Modest’ deficit not a problemBut better tax effort, measured fiscal stimulus also needed — IMF Japanese conglomerate to set up new firm in RP P8 billion netted from stricter implementation of e-tax filing Prices of basic food stable in February, Farm dep’t notes Globe gets central bank nod to borrow $50 million Bangko Sentral trims rates by 25 basis points Peso rallies to P48.64:$1 Top Vietnamese rice exporters plan to build warehouse in RP Northern Mindanao production beats RDC’s 2008 target BPO companies expected to employ more workers amid crisis Higher deposit insurance OK’d Calaca plant negotiated sale draws interest EDC finalizing P1-B assistance to small exporters Tuna firms start mission to Palau $10B expected from tourism Fresh BSP rate cuts expected this week IPP perks proposed for TV, film and theater Deposit insurance, election budget bills up for approval North Cotabato targeting Thailand’s meat market Gov’t offers Samal to Thai poultry, mariculture investors February 2009 No change in debt watchers’ ratings Fitch says local telcos to ride out global downturn Bacolod expects more revenues NZ luring skilled Filipinos Taiwan hires 4,445 workers in January Banks to stay ‘conservative’ OFW deployment up 25% in January Gov’t mulls farm deals with Saudi investors Palace claims P39-B projects completed World-class mineral deposits in Tampakan confirmed Development at Bonifacio Global City continues amid global slowdown RP to ink deals at ASEAN summit Selective focus for government productivity programs Expanded currency swap deal approved in principle Tuna sales grow amid weak overall C. Mindanao exports Gov’t pushes cheaper mango exports IMF pushes revenue measures SMC sets P10-B food group expansion Cities not hiking business, property taxes this year RP can still export to Japan despite crisis, officials assure Economy to grow despite global downturn, but reforms, anti-poverty efforts still needed Export rebound in 2010? Fuel prices expected to stay low this year RP, Kuwait agree on more flights P50B set aside for microfinance; Trade dep’t chief named ‘czar’ 7-Eleven eyes Visayas, Mindanao Final P4-B Katas ng VAT package implemented $100-M loan for land reform OK’d Inflation expected to stay slow Aquaculture, livestock tagged Davao priorities Semirara sees 5 million MT of coal output; to export half Positive RP outlook affirmed by Moody’s Gov’t agencies told to hire workers Easier access to regional fund facility pushed India chamber sees sustained interest in RP New association formed to enhance auto industry’s competitiveness Peso gains ground Makati sets tax hike moratorium NEDA body endorses P5-B infrastructure projects for approval Philippines receives $73-million US environment grant Outsourcing firms in a hiring mood BSP sees higher M3 growth Business as usual despite FedEx departure, says local franchisee House body OK’s establishment of RP trade representative office Mindanao dev’t authority pushed Philippine exit from rice market augurs stability 2nd phase of World Bank’s rural dev’t program expected to generate 1M jobs W. Visayas tagged as RP’s second biggest rice producer Japan study to improve logistics N. Cotabato’s pork sector targets Manila Peso strengthens to P47.52:$1 Palau team in town to explore joint fisheries ventures Sardine makers bank on shift by consumers to cheap food Trade department launches site to alert exporters to standards Gov’t saves P500M thru bond exchange September 2007 Plantersbank CEO urges "SME Enablement" at APEC SME Summit October 2006 ShoreCap International, Plantersbank partner in microfinance August 2005 Plantersbank is Outstanding SBCorp Omnibus Program partner February 2005 Plantersbank Cebu Business Center opens today
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