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Business

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

Cold chain sector seen to continue growing amid pandemic

A logistics company has inaugurated the country's first intelligent cold storage facility due to the growing demand for cold chain management solutions especially as...

Group expects businesses to recover as holiday season nears

As the holiday season approaches, a business group is expecting better sales and recovery from losses caused by the COVID-19 pandemic. “We are very hopeful....
CUSI. INQUIRER FILE PHOTO

Gov’t not involved in choosing buyer of Malampaya shares: Cusi

Department of Energy (DOE) Secretary Alfonso Cusi said the agency is not involved in choosing the buyer of shares of Shell and Chevron in...

South Korea, Philippines strike free trade deal

South Korea has concluded a free trade agreement with the Philippines in a move expected to bolster ties with the Southeast Asian nation and...

CLI breaks ground on P1.5 billion Terranza Residences in Iloilo City

Leading developer in VisMin Cebu Landmasters, Inc. (CLI) started construction of a P1.5 billion premier residential tower in Iloilo City prodded by strong economic...

Feel the Halloween spirit in Festive Walk Iloilo’s Fiesta De Los Muertos

No tricks, all treats! Festive Walk Iloilo is setting the mood to an enchanting and colorful Halloween with the launch of Fiesta de Los...

PLASTIC MONEY? | Bangko Sentral eyes polymer P1000 bills

MANILA – Plastic, or polymer, 1000-piso bills may soon be in circulation by next year, the Bangko Sentral ng Pilipinas said on Monday as...
Commuters onboard a jeepney wear face shields and facemasks as protection against the spread of coronavirus. The government is reducing physical distancing in public transportation to help the public transport sector recover from the slump caused by lockdown measures. But several mayors in Iloilo province fear this move could increase the risk of virus transmission. IAN PAUL CORDERO/PN

AS FUEL PRICES SOAR: Gov’t urged to expedite support for PUV drivers, consumers

MANILA— The government should accelerate measures to cushion the impact of rising oil prices on consumers, Laban Konsyumer president Vic Dimagiba said Tuesday. “Very disappointing...
Insurance commissioner Dennis Funa

Insurance industry’s premium income up 37.5% in Q2

MANILA – The country’s insurance industry saw a double-digit growth in its premium income in the second quarter of 2021, the Insurance Commission (IC)...
Budget Secretary Wendel Avisado says the Philippines has enough funds to respond, fight and mitigate the impact of the COVID-19 pandemic, adding the government has so far disbursed P374.8 billion to help Filipinos fight the pandemic.

Budget deficit rises to P1.14 trillion amid underspending

The government’s end-September budget deficit widened by 29.6 percent year-on-year to P1.14 trillion despite underspending during the first nine months of 2021. The Bureau of...