Business News

  • Business News | 

    PHL franchise industry seen to grow by 15-20% this year

    THE LOCAL franchise industry is confident of breaching the P1-trillion revenue mark this year as it aggressively positions the Philippines as the “franchise hub of Asia.”

  • Business News | 

    Philippines capable of over 6.5% growth — S&P

    A higher economic growth is easily achievable for the Philippines as the national government ramps up infrastructure spending over the next few years, according to S&P Global Ratings.

  • Business News | 

    Philippine external debt down to $73.2B in Q1 2018

    The country’s outstanding external debt stood at $73.2 billion as of end-March, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday, June 14.

  • Business News | 

    Inflation starting to ease, says BSP

    Even as it raised interest rates for the second time in as many months, the central bank believes domestic inflation is nearing its peak and it is confident enough to lower its projections for this year and the next.

  • Business News | 

    Foreign investment pledges dip by 37.9% in Q1 2018

    Total foreign investment pledges during the 1st quarter of 2018 fell sharply by 37.9% compared to the same period last year, the Philippine Statistics Authority (PSA) said on Thursday, June 7.

  • Business News | 

    ADB raises funding for PH

    The Asian Development Bank will lend the Philippines a higher $945 million this year mainly for infrastructure projects as part of the Manila-based multilateral lender’s commitment to support the Duterte administration’s ambitious...

  • Business News | 

    BSP further easing rules on foreign currency borrowing

    Bank regulators want Philippine corporate and retail borrowers to eventually have unfettered access to foreign currency loans as long as they fully understand —and fully assume responsibility for—the risks involved.

  • Business News | 

    Fitch unit hikes 2018 Philippines growth forecast to 6.5%

    BMI Research has upgraded the country’s economic growth forecast, but sees expansion slowing down after a strong performance in the first quarter.

  • Business News | 

    DOE sets seamless power supply connection of industries

  • Business News | 

    DTI monitors compliance to trade & industry laws, regulations

    Officials of the Department of Trade and Industry (DTI) recently monitored several business establishments in the province to ensure their compliance to trade and industry laws and regulations.

  • Business News | 

    Update from National Competitiveness Council: Construction Permits

    One of the frequent challenges businesses face is obtaining construction permits in a smooth and timely manner.  First, a Joint Memorandum Circular between DTI, DPWH, DILG,DICT, and NCC was released late last year to all Local...

  • Business News | 

    PH economy grows 6.8% in Q1

    The Philippine economy grew 6.8 percent in the first quarter, below the government’s target range of 7-8 percent growth for the entire year according to the Philippine Statistics Authority (PSA).

  • Business News | 

    Signing of MOU on civil aviation cooperation

    A renewed memorandum of understanding on technical cooperation between the Civil Aviation Authority of the Philippines (CAAP) and the France’s Directorate General for Civil Aviation (Direction générale de l’aviation civile -...

  • Business News | 

    Gov't eyes 8 bridges linking Luzon, Visayas, Mindanao

    The Duterte government plans to build eight major bridges that will connect the islands of Luzon, Visayas, and Mindanao.

  • Business News | 

    WTO praises PH gov’t for trade, economic, investment reforms

    The World Trade Organization (WTO) has praised the Philippine government for the trade, economic, and investment policy reforms it has undertaken in recent years and for its unwavering commitment to the multilateral trading...

  • Business News | 

    Philippine economy likely to grow above 7% in Q1 2018

    The Philippine economy is expected to grow more than 7% in the first 3 months of 2018, fueled by higher foreign investments, employment, and manufacturing output, among others.

  • Business News | 

    Report on Philippine Foreign Trade in 2017

    A recovery in exports and an increase in imports in the context of strong national economic growth has been experienced by the country in the previous year.  At a regional level, ASEAN countries were the largest trading partner...

  • Business News | 

    February CPI: Rebasing masks inflation surge

    Based on BDO Macroeconomics Research, CPI inflation accelerated to 3.9% yoy in February 2018, from 3.4% in January, and the fastest since September 2014.

  • Business News | 

    Construction industry seen sustaining growth

    The construction industry is forecast to sustain its strength underpinned by the growth of the economy and the push for infrastructure.

  • Business News | 

    NEDA bats for renewable energy

    The National Economic and Development Authority (NEDA) said the country should maximize the use of renewable energy (RE) sources as part of its low emissions development strategies in addressing climate change, energy security,...

  • Business News | 

    PHL eyes more shipbuilding investments, pivots delegation to Asia Pacific Maritime

    The Department of Trade and Industry, through the Center for International Trade Expositions and Missions (Citem), seeks to expand the Philippines’s shipbuilding sector in its first-ever participation in the 15th Asia Pacific...

  • Business News | 

    Palace: PH economy on a roll as PSEi hits all-time high

    Malacanang welcomes the Philippine Stock Exchange's (PSE) new record as shares closed at a record high Friday.

  • Business News | 

    Philippine auto industry opens 2018 on positive note with 31,645 units

    Philippine auto sales opened 2018 on an optimistic mood with 31,645 units, as reported by members of the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA).

  • Business News | 

    Electronics exports hit all-time high

    Electronics exports, which yearly account for at least half of outbound goods, reached $32.7 billion last year, marking an all-time record high.

  • Business News | 

    DOE endorses 29 projects for commercial operations

    The Department of Energy (DOE) has endorsed 29 power projects with over 1,500 megawatts (MW) in capacity.

  • Business News | 

    Acerd lists online gaming as emerging BPO industry in PHL

    Online gaming is now being touted to be the next big business process outsourcing (BPO) industry, according to the Ateneo Center for Economic Research and Development (Acerd).

  • Members & Partners | 

    CMA CGM takes delivery of its new flagship CMA CGM Antoine de Saint Exupery

    The CMA CGM Group, a world leader in maritime transportation, is pleased to announce the arrival in its fleet of its new flagship and world’s biggest containership flying the French flag: CMA CGM Antoine de Saint Exupery.

  • Business News | 

    Economists see Philippines growth easing

    Think tanks Focus Economics and BMI Research said the pace of economic expansion in the Philippines would further ease over the next two years after peaking at nearly seven percent in 2016.

  • Business News | 

    Poultry Ban Lifted

    Last December 2017, the Department of Agriculture has lifted the ban of poultry and other poultry products that are originating from France, through the recently released memorandum order No. 47, series of 2017. For more...

  • Business News | 

    EU Call for Proposals for Access to Sustainable Energy in the Philippines

    The EU has published a call for proposals under the energy programme, which is open to EU companies as co-applicants.

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    French Chamber of Commerce and Industry in the Philippines 

     

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