Iloilo Provincial Cooperative Development Officer Atty. Arturo C. Cangrejo says cooperatives operating in the city and province of Iloilo are strong and resilient. He adds that the primary reason why there are cooperatives is to promote thrift and savings. PNA PHOTO BY PGLENA

245 ‘resilient’ Iloilo coops accumulate P6B in total assets

ILOILO City – Cooperatives operating in the city and province of Iloilo are “strong and resilient” with total assets of P5.99 billion as of...
SIA

DoubleDragon opens 45th mall in PH

DOUBLEDRAGON Corporation opened its 45th mall in the country – the CityMall-Surigao in Surigao City, Surigao del Norte – on July 28, officially making...
Bangko Sentral ng Pilipinas governor Eli Remolona Jr.

BSP, NEDA see inflation further easing this year

THE Bangko Sentral ng Pilipinas (BSP) and the National Economic and Development Authority (NEDA) are optimistic that headline inflation will continue to ease in...
Food items are sold at a supermarket in Bacolod City. A report of the Philippine Statistics Authority showed inflation for all income households in Negros Occidental slightly decreased to 8.1 percent in June from 8.3 percent in May, while Bacolod City posted a decline to 6.7 percent from 7.5 percent in the previous month. PNA BACOLOD FILE PHOTO

Price freeze in effect in areas under state of calamity due to ‘Egay’

THE Department of Trade and Industry (DTI) said that a price freeze on basic necessities is in place in areas under a state of...
Diesel prices are expected to increase by P3.20 to P3.50 while gasoline prices may go up by P1.90 to P2.10 per liter on Tuesday, Aug. 1. PN PHOTO

Diesel, kerosene prices to go up by around P3

DIESEL and kerosene prices are forecast to increase by around P3 in the latest wave of hikes set for Aug. 1. Diesel will take the...

Agri group OK with rice imports during lean months

AGRICULTURE group Samahang Industriya ng Agrikultura (Sinag) yesterday said there is no problem with the government’s plan to import more rice as long as...
The Bangko Sentral ng Pilipinas is confident that it will reach its target of 70 percent of adult Filipinos with bank accounts by this year. PNA FILE PHOTO

70% of adult Filipinos will have bank accounts in 2023 – BSP

THE goal to have 70 percent of adult Filipinos with bank accounts will likely be achieved by the end of this year, Bangko Sentral...
Loans extended by pawnshops rise especially during the pandemic since the industry serves as an immediate source of funds for borrowers. The Bangko Sentral ng Pilipinas said pawnshop loans rose by P4 billion in 2021. BSP PHOTO

PH books $1-M in net inflows of ‘hot money’ – BSP

THE Philippines booked $1 million in net inflows of foreign portfolio investments in June, the Bangko Sentral ng Pilipinas (BSP) said. The BSP said foreign...
Information Technology and Business Process Association of the Philippines president and chief executive officer Jack Madrid (left) and Contact Center Association of the Philippines managing director Rosario Cajucom-Bradbury (right) discuss the industry roadmap of the sector for 2028 during the Contact Islands Conference at Dusit Thani Mactan in Lapu-Lapu City from July 26 to 28, 2023. CCAP PHOTO

ITBPO sector target employment achievable despite AI threat

THE Contact Center Association of the Philippines (CCAP) is optimistic that the information technology and business process outsourcing (ITPBO) sector will be able to...
Department of Tourism secretary Christina Frasco. DOT PHOTO

DOT: e-visa for China to boost int’l arrivals

THE Department of Tourism (DOT) sees the upcoming pilot of the electronic visa (e-visa) system in China as a “game changer” that will raise...