Gov’t allows Spanish beef to enter PH
Spanish beef will now be available for Filipinos to enjoy after the Department of Agriculture allowed its importation after three years of negotiation. Bureau of Animal Industry director Ronnie Domingo…
SMC buys 69M kilos of corn as farmers struggle with sales
Conglomerate San Miguel Corp. (SMC), a leading local food and beverage producer, continued to help alleviate the challenges brought about by the new coronavirus disease pandemic to the agriculture industry…
SEC says Kapa execs not yet off the hook
The Securities and Exchange Commission (SEC) has advised the investing public not to fall for “fake news” that fraud charges against Kapa-Community Ministry International had been dismissed. In an advisory…
Jollibee embarks on global business restructuring
Homegrown fast-food giant Jollibee Foods Corp. (JFC) is shelling out P7 billion to embark on a “significant” global business restructuring to cope with what could be a prolonged fallout from…
MerryMart sets offer price at P1/share
Retailer Merry Mart Consumer Corp. has priced its initial public offering (IPO)—the first in the local stock market this year—at P1 a share. The IPO is seen to attract investors…
PSEi down 1.17% on renewed US-China tensions
The local stock barometer slipped ahead of a long weekend break as fresh US-China tensions over civil liberties in Hong Kong spooked regional markets. The main-share Philippine Stock Exchange index…
BSP-led digital transformation prepared PH economy for pandemic
The substantial progress made in the government’s “digital transformation agenda” has helped prepare the country for the ongoing coronavirus disease pandemic, including the ability to disburse cash assistance to underprivileged…
Branchless, digital bank for OFWs ready by June
With a major shift to digital transactions inevitable amid COVID-19-induced physical distancing restrictions, the government will soon launch a branchless bank catering to Filipinos abroad as well as a pilot…
7.55B liters of oil marked as gov’t moves to buttress revenues
About half a billion liters of oil products were marked tax-paid in the first half of May, allowing the government to collect a higher levy on imports and shore up…