Business

Finance Secretary Carlos Dominguez III rejected a call for government to consider a moratorium on its debt payment to raise more funds to fight the COVID-19 pandemic, calling it ‘narrow-sighted’.

Government is considering a “rolling restart” and “rolling reopening” schemes for the gradual lifting of the Luzon-wide enhanced community quarantine after April 30 to help jumpstart the economy while the coronavirus disease 2019 (COVID-19) pandemic is being contained, according to a member of the Inter-Agency Task Force (IATF) on Emerging Infectious Diseases.

In its meeting last April 16, 2020, the Monetary Board (MB) decided among others to reduce policy rates by 50 basis points to 2.75% and interest rate on overnight lending facility to 3.25%. 

Statistics show that 77% or more than 7 out of 10 Filipinos have never been to a dentist. This is according to the National Monitoring and Evaluation Dental Survey conducted by the Department of Health. While the Philippine Dental Association (PDA) reported that 78% of Filipino children below 12 years old have dental problems. 

• Throughput increased 5% to 10.2 million TEUs• Revenues grew 7% to USD1.5 billion • EBITDA improved 10% to USD830.1 million

Aiming to be an irreplaceable global partner, AISIN joins the 13th Manila Auto Salon at the SMX Convention Center this November 14-17, 2019 to showcase their aftermarket products.

Federalism stands to immensely benefit more than 1,400 towns and municipalities throughout the country through faster allocation of budgeting requirements for their respective developmental projects.

The Department of Trade and Industry (DTI) is partnering with USAID, Lead-More, and Havas Ortega to train women entrepreneurs on using digital tools to grow their business. The three-month program will be piloted in Region 4A in April, Iloilo in July, and Cagayan de Oro in October.

For the second consecutive year, Ayala Land, Inc. (ALI) surpassed its P100 billion capital expenditure (CAPEX) target as it continued to invest in new mixed-use developments across the country. CAPEX in 2019 reached P109 billion equivalent to 64% of gross revenues.

TecPlata, operator of the container terminal located in Puerto La Plata, has signed a contract with Evergreen Marine Corp Taiwan Ltd. for the start of a new service to Asia and the Far East. With this agreement with the Taiwanese shipping line, TecPlata takes a further step in its consolidation as an alternative port in Buenos Aires for Argentine companies …