DOF.GOV.PH NATIONAL government agencies need to ensure that the preparatory stages for projects funded with official development assistance (ODA) are streamlined to avoid delays, according to a think tank attached to the House of Representatives. “To address delays inherent in procurement processes, a comprehensive approach encompassing legal resolutions, administrative streamlining, […]
EU rules favor garments from countries that source their own textiles, PHL exporters say
Image via IndustriALL Global Union/Flickr/CC BY-NC-ND 2.0 Export markets like the European Union favor garments from countries that source their own textiles internally, to comply with Rules of Origin (ROO) regulations, exporters said. As such, the government needs to help establish a commercial-scale textile factory to help supply wearables exporters, […]
Rice variety resistant to heat, drought to be launched in 2026, IRRI says
PHILSTAR FILE PHOTO A new variety of rice that can withstand hotter climates, survive weeks without water, and cut growing costs may be released by 2026, the International Rice Research Institute (IRRI) said. “We started in 2022. We already have selections for stage 2, and we are yet to select […]
Term deposit rates slip on BSP rate cut hopes
YIELDS on the term deposits auctioned off by the Bangko Sentral ng Pilipinas (BSP) dropped on Wednesday amid rate cut signals from the Finance chief. Demand for the central bank’s term deposit facility (TDF) reached P253.468 billion on Wednesday, below the P250 billion on the auction block as well as […]
More issuances of tokenized securities likely amid demand for digital assets
IMPROVING APPETITE for digital assets may result in more issuances of debt instruments using the blockchain like the tokenized bonds offered by the government last year, the top official of a cryptocurrency exchange said. PDAX Founder and Chief Executive Officer Nichel Merlimichael O. Gaba told reporters at the sidelines of […]
RCBC Trust’s AUMs hit P161 billion
THE TRUST arm of Rizal Commercial Banking Corp. (RCBC) recorded P161 billion in assets under management (AUMs) as of February amid strong client growth, it said on Tuesday. This was an increase from the P147.49 billion recorded as of March 2023, RCBC Trust Corp. said in a statement. The company’s […]
Peso rises on increased inflows before trading break
BW FILE PHOTO THE PESO appreciated against the dollar on Wednesday amid increased remittances ahead of the long weekend. The local unit closed at P56.24 per dollar on Wednesday, strengthening by eight centavos from its P56.32 finish on Tuesday, Bankers Association of the Philippines data showed. The peso opened Wednesday’s […]
Geotagged travel posts increase risk of cyber threats, crimes
REUTERS SHARING LOCATIONS on social media platforms when traveling increases the risk of being targeted by cyber threats and real-life crimes, according to Kaspersky. “Posting a geotag may endanger users even if they are not in this place at the moment, as it shows perpetrators that there is a place […]
Airbnb, SPARK! team up to boost women tourism entrepreneurship in PHL
REUTERS AIRBNB is investing $100,000 in training programs to provide women in the Philippines access to employment opportunities in the tourism sector, it said on Monday. Airbnb and SPARK!, a non-profit organization focused on women’s entrepreneurship, signed a memorandum of understanding on Monday, the former said in a statement. “With […]
PSEi climbs to 6,900 level on last-minute bargain hunting
REUTERS THE MAIN INDEX climbed to the 6,900 level on Wednesday as investors continued to pick up bargains before a two-day break. The bellwether Philippine Stock Exchange index (PSEi) went up by 0.07% or 5.36 points to close at 6,903.53 on Wednesday, while the broader all shares index rose by […]