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Panay News, the biggest daily newspaper in Western Visayas brings you latest updates on local business, finance, economy, stock market, and business policies.

Employment high despite weaker biz sentiment

MANILA - Philippine businessmen are maintaining a positive employment outlook despite a weaker sentiment in the third quarter of the year.
The Department of Agriculture-Agricultural Credit Policy Council has approved an additional P1-billion fund infusion for the recovery assistance program for rice farmers affected by declining palay prices due to Rice Tarrification Law. RELIEFWEB

DA to distribute 2-M bags of rice seeds

MANILA - The Department of Agriculture will distribute two million bags, each weighing 20 kilogram of rice seeds this year in an effort to help farmers...

Gov’t spending seen to boost Q3 economic growth

MANILA - Socioeconomic Planning secretary Ernesto Pernia said he expects Philippine economic growth to expand above six percent in the third quarter, as government...
The local currency ended the day at 52.105 from 52.05 Friday last week. All Shares slipped by 0.25 percent, or 11.89 points, to 4,797.59 points. Financials posted the highest drop with 1.62 percent, which was trailed by the Industrial, 0.84 percent; Services, 0.61 percent; Holding Firms, 0.53 percent; and Property, 0.17 percent. BANGKOK POST

Peso, stocks little changed after 25 bps cut in Fed rate

MANILA - Federal Reserve’s 25 basis points cut in its key rates failed to make a dent on the Philippine peso Thursday, while the main...

Senate to conduct inquiry on DOE’s security plans after Saudi attack

THE Senate energy committee is conducting a hearing Monday morning on the Department of Energy’s (DOE) supply security plans following the attack on Saudi...
Senator Leila de Lima

‘Gov’t should stop online gambling’

OPPOSITION senator Leila de Lima has urged the Duterte administration to heed the Chinese government’s call to stop online gambling in the Philippines that...
Presidential Peace adviser Carlito Galvez Jr. (2nd from left) and DBP president and chief executive officer Emmanuel Herbosa (center) share a handshake during the signing of the memorandum of understanding between OPAPP and DBP. Also in photo are (from left): DBP board director Maria Lourdes Arcenas; undersecretary Arnulfo Pajarillo and DBP Trust officer Ma. Teresa Atienza.

DBP inks MOU with OPAPP on fund management

STATE-OWNED Development Bank of the Philippines (DBP) has entered into a partnership with the Office of the Presidential Adviser on the Peace Process (OPAPP)...
Low-cost carrier Cebu Pacific supports the idea of providing discounts to the airfare for students under the Student Fare Discount Act that President Rodrigo Duterte signed into law on April this year. CEBUPACIFIC

Cebu Pacific supports student air fare discount

MANILA - Low-cost carrier Cebu Pacific (CEB) supports the idea of providing discounts to the air fare for students, an executive said Tuesday.“We support...

Wilcon awards Toyota Fortuner to promo winners

WILCON Depot, the Philippines’ leading home improvement and construction supply retailer, gives back to their valued customers after concluding its three-month-long Win Your Dream...
STILL SAFE. A vendor at the Iloilo Terminal Market inspects the meat and pork he is selling. They are safe, he insists. The deadly African swine fever virus has reached the country. IAN PAUL CORDERO/PN

ASF outbreak not epidemic – Agri chief

MANILA - Agriculture secretary William Dar on Monday said the African swine fever (ASF) episodes in several areas in Bulacan and Rizal may be...

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