Essential food supply enough -- DA

April 22, 2020
Cabinet Sec. and Inter-Agency Task Force for the Management of Emerging Infectious Diseases  spokesman Karlo Nograles said there would be a stable supply of chicken and pork until June despite African swine fever and bird flu outbreaks.

Q1 revenues P156-B short due to ECQ

April 22, 2020
With most economic activities in Luzon grinding to a halt in the latter part of March as a result of the enhanced community quarantine, actual collections by the Bureaus of Internal Revenue  and of Customs amounted to P600.86 billion in the first quarter, or P10.17 billion less than the revenues collected in the same period last year, according to preliminary data submitted to the Department of Finance.

MB okays $2.38-B NG Q1 borrowings

April 21, 2020
The Bangko Sentral’s policy-making Monetary Board has approved a $2.38-billion foreign borrowings of the national government in the first quarter of the year, lower by $1.04 billion (or by 30 percent) from the first quarter 2019 approvals of $3.42 billion.

Lure firms leaving China – PCCI to gov’t

April 21, 2020
Philippine Chamber of Commerce and Industry pPresident Benedicto Yujuico said the government should look into attracting companies that plan to exit from China by offering generous incentives to keep the economy afloat amid the coronavirus disease 2019 pandemic.

MICT back to normal levels

April 21, 2020
Christian R. Gonzalez, ICTSI executive vice president, said:  “Thanks to the extraordinary efforts of our frontline employees and many port stakeholders, the terminal has been able to pull off this feat.  Efforts should continue, however, to ensure that we have no repeat of the dangerously low level of pullouts we experienced at the end of March and in early April. The statistics have proven that government implemented exemptions for cargo and penalties for overstayers worked and that these, along with the efforts of importers, have avoided the unmanageable consequences we would have had if we did not respond as we did. With the continued ECQ, we cannot afford to be complacent.  We must remember that there remains a significant amount of unclaimed cargo from well before March 2020, and we must ensure a free flow of cargo to facilitate the transport of critical food, medical supplies and basic necessities.” 

BdO Leasing ends 1Q with P83-M profit  

April 21, 2020
Earlier this year, BdO Leasing’s parent company, BdO Unibank, Inc. announced that it entered into an agreement to sell a controlling stake in BdO Leasing to a third party as part of the Bank’s restructuring of its leasing business. The sale transaction is subject to closing conditions and approval by regulatory authorities.

Bank lending expands faster in Feb.

April 21, 2020
Outstanding loans of universal and commercial banks, net of reverse repurchase placements with the Bangko Sentral, grew by 12.2 percent in February, faster than the 11.6-percent expansion in the previous month, preliminary data showed .

Exporters must register with EU-REX for GSP+

April 21, 2020
The Department of Trade and Industry-Export Marketing Bureau has urged all Philippine exporters to the European Union to register to the EU Registered Exporter System before the  June 30, 2020 deadline to avail themselves of preferential tariffs under the EU’s Generalised System of Preferences Plus.

Universal Robina nets P10.1B

April 20, 2020
Universal Robina Corp. booked a seven-percent increase in net income to P10.1 billion last year, driven by the growth in operating income offset by finance cost, other expenses, and adverse foreign exchange impacts.

DA ramps up food security programs

April 20, 2020
"The objective of the ('Plant, Plant, Plant') program is to boost the food sufficiency level of the agriculture commodities starting from rice, corn, fisheries, vegetable and many other commodities that are essential in the country's food security," Dar said.