Grab expands into Tacloban City

October 26, 2018
“Our commitment to provide better transportation options to more Filipinos remains firm. As we become the everyday app, we continue our commitment to bring more consumers to their destinations faster, safer and more reliable,” Grab Philippines Country Head Brian Cu said in a statement.

MB seen to keep current BSP rates

October 26, 2018
An economist of ING Bank Manila discounted additional adjustments in the Bangko Sentral ng Pilipinas (BSP) key policy rates next month, noting that domestic inflation may have already peaked last September.

More oil exploration pushed

October 26, 2018
Top management of Shell Philippines Exploration B.V. (SPEX), operator and developer of the Malampaya deep water gas-to-power project, said more effort should be put in oil exploration activities to ensure steady energy supply for the country in the future.

TRAIN’s 2018 revenue target cut

October 25, 2018
Economic managers have reduced the revenue goal from the Tax Reform for Acceleration and Inclusion (TRAIN) law this year, mainly because of the delayed implementation of electronic invoicing (e-invoicing) and fuel marking.

Chinese Dairy Giant Yili Group Launches in Indonesia

October 25, 2018
JAKARTA, Indonesia -- In Jakarta, Indonesia, China's largest dairy enterprise, Yili Group, held a product launch event on October 23 and announced in high profile its entrance into the local market. Just like masses of other Chinese enterprises that aim at global markets, Yili Group fully anticipated to enter into Indonesia, not only because of its huge market potential, but also because of the critical position Indonesia plays in leading to the enormous South Pacific and Indian Ocean.

ITBPO firms giving PEZA a 2nd look

October 23, 2018
The information technology and business process outsourcing (ITBPO) sector is showing renewed interest in the Philippine Economic Zone Authority (PEZA) as evidenced by a rebound in investment pledges since August, its director general Charito Plaza said Monday.

Inflation to decline below 4% next year

October 22, 2018
The country’s inflation is expected to fall below the 4-percent level by the second half of 2019 due to the expected normalization of oil prices after peaking this quarter, a leading bank's economist said.

Pernia pushes fuel tax hike

October 20, 2018
Socioeconomic Secretary Ernesto Pernia wants the petroleum tax hike scheduled for next year to push through, after the latest report on oil futures forecast a softening of oil world crude prices in 2019.

Xi visit to boost Sino-PH economic ties

October 20, 2018
The visit of Chinese President Xi Jinping to the Philippines next month will pave the way for stronger economic ties between the two countries, an official from the Embassy of the People’s Republic of China here said Thursday.