Business

Foreign investment pledges surge 70% in Q2

MANILA -- Approved foreign investments by investment promotion agencies (IPAs) took a big leap upward this year, rising 70.4 percent to PHP30.94 billion in April to June from only PHP18.16 billion during...

Biz sentiment declines but outlook brighter for Q4

MANILA -- Business sentiment in the third quarter of 2018 slid to 30.1 percent, the lowest since the first quarter of 2010, from quarter-ago’s 39.3 percent due to inflation concerns, both domestic...

DOF asks NFA to explain below-target rice procurement in 2017

MANILA -- The Department of Finance (DOF) has asked the National Food Authority (NFA) to immediately explain why it had procured palay stocks way below its projected buffer requirement in the second...

PH markets shed on inflation, trade concerns

MANILA -- Worries emanating from rising inflation along with trade concerns overseas resulted in the negative close of both the Philippine Stock Exchange index (PSEi) and the peso, which narrowly missed a...

Local café says sales going cold as inflation heats up

MANILA – Despite the 10-percent to 20-percent increase in the cost of supplies due to inflation surge, homegrown coffee and coffeehouse chain Bo’s Coffee said it does not intend to increase prices. "Increasing...

LGUs urged to clear rules on food allowed in schools

MANILA -- Local food manufacturers urged local government units (LGUs) to harmonize their standards on food products allowed for sale in schools and near their premises, according to an official of Nestle...
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