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Economy

Something new: You can now pay via beep cards in Family Mart stores

Philippine Family Mart CVS Inc. President and General Manager Manuel C. Alberto (left) and AF Payments Inc. President and CEO Peter Maher hold up a box containing a beep card during the launch of their partnership at the Family Mart flagship store in Glorietta 3, Ayala Center, Makati City, on December 7. (Photo: Alvin I. Dacanay)

Convenience store chain Family Mart is now accepting loading and pay­ments through beep card, the same tap-and-go card you use for your train and bus rides.

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Debt share to economy down despite infra boom

Finance Undersecretary Gil Beltran.

By Luis Leoncio Despite the rise in public spending due to the costly infrastructure buildup of the Duterte administration, the share of debt to the country’s economy slid further as of September this year.

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UK sets trade mission in1st quarter of 2017

BCCP

The United Kingdom (UK) plans to hold another business mission in the Philippines in the first quarter of next year, said British Chamber of Commerce of the Philippines (BCCP) chairman Chris Nelson.

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Economists see Brexit to take 20 years to resolve

Martin Wolf. (Photo by Chatham House VIA WIKIMEDIA COMMONS)

The full effects of Brexit on Britain’s trading relations may not be resolved for a further 20 years, a leading economics commentator has claimed.

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Sustainable community through social enterprise

B-1-photo

Standing under the scorching heat, the 57-year-old Mang Kikoy looks afar, wondering if he still has crops to harvest this season.

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IMF urges higher fuel tax as oil prices fall

The headquarters of the International Monetary Fund in Washington, D.C.

By Riza Lozada The International Monetary Fund (IMF) raised the need for the government to increase the fuel tax to recoup lost revenues as a result of the dwindling prices of oil products. Chikahisa Sumi, the head of the IMF mission that recently visited the country, said the increase in fuel excise taxes becomes more urgent if a tax package …

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‘Big One’ could kill 31,000, cost P2.3-T damage, says Phivolcs

Metropolitan Manila Development Authority (MMDA) Chairman Francis Tolentino meets barangay officials from Tacloban City and Metro Manila to brief them on preparations for a major earthquake as the MMDA opened its ‘Shake, Rattle and Learn’ virtual earthquake house. A mobile quake house will also ‘make its rounds’ in different barangays located in the Valley Fault System to educate the residents. (Itoh Son)

By Riza Lozada State scientists fear that 31,000 people would perish and structural losses could reach P2.3 trillion in the event a 7.2-magnitude earthquake hits Metro Manila, the Philippine Institute of Volcanology and Seismology (Phivolcs) said, based on simulations it made.

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Pseudo pawnshops mushroom amid need for credit

By Jerry Maglunog Pawnshops are vital businesses. They help people who run out of cash to get instant money for a modest interest of 3 percent to 4 percent a month. In the Philippines, there are several big-name pawnshops that have become part of people’s lives, especially those who need instant cash.

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Gov’t commits opening infra to foreign firms

By Riza Lozada The government has agreed in principle to back the relaxation of the negative list for contractors to allow foreign-controlled firms to enter the booming construction activities in the country.

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Travel becomes Asia’s key business battleground

By Jerry Maglunog “The world is coming to Asia.” These were the words of London City lord mayor Alderman Alan Yarrow when he visited the Philippines in February this year.

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