Tyrone Jasper C. Piad, BusinessMirror

Tyrone Jasper C. Piad

BusinessMirror

Philippines

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Past articles by Tyrone:

PHL exporters seek to boost exports to Canada as Asean mounts FTA bid

FOLLOWING Asean’s launching of trade negotiations with Canada, the local exporters now want to expand their market access to the North American country in a bid to increase their product shipments as they seek recovery from the pandemic. In a news statement on Monday, Philippine Ambassador to Canada Rodolfo Robles… → Read More

Passengers get Valentine’s Day gifts at Batangas city Grand Terminal

Batangas Ventures Properties and Management Corp. (BVPMC) celebrated Valentine’s Day by giving away 100 packs of health essentials and chocolates to medical frontliners, couples, families, and those wearing red clothes at the Batangas City Grand Terminal on Diversion Road, Alangilan, Batangas City last February 14. Entitled “Love and Protect,” the… → Read More

A stunning fall for ex-Honduran president wanted in US

By Marlon González & Christopher Sherman / The Associated Press TEGUCIGALPA, Honduras— The arrest of former Honduran President Juan Orlando Hernández and the images that followed—a leader shackled and paraded before the cameras like a common criminal—were a stunning reversal for a man who for years seemed impervious to growing… → Read More

East, SE Asia lead paperless trade–UN report

SOUTHEAST and East Asia are leading the world when it comes to cross-border paperless trade, a move that has reduced time and costs for movement of goods in the region, according to a recent report by the United Nations Economic and Social Commission for Asia and the Pacific (Unescap). In… → Read More

WTO to end investment facilitation talks in 2022

THE World Trade Organization (WTO) members reiterated their commitment to finalize the text negotiations this year for agreement on investment facilitation for development (IFD), which is seen to help boost sustainable economic growth in over 100 countries, including the Philippines. The intergovernmental group met last month to resume the talks,… → Read More

PHL exporters await fresh preferential perks in trade with US

THE merchandise exports of the Philippines to the United States have been chugging along on well-oiled gears in recent years. That is, until a virus from Wuhan, China, formed like a monkey wrench and dented the momentum between the countries. Last year, Manila shipped $10.02 billion worth of exports to… → Read More

Spoelstra to help coach USA Basketball select team in Vegas

MIAMI—Erik Spoelstra and Gregg Popovich have often spoken of how much they enjoy coaching against one another. This summer, they’re teaming up—to coach with, and against, one another. Spoelstra has accepted an invitation to join the USA Basketball coaching staff for its Olympic preparations in Las Vegas next month. The… → Read More

Catch another Powered-To-Win TECNO Mobile Livestream on June 25

The POVA 2 and MLBB present a second round of awesome mobile gaming and prizes for their FIlipino fans. → Read More

Spotify’s CLAIM YOUR SPACE Campaign Heroes LGBTQIA+ Voices All Year

Spotify, the world’s leading audio streaming platform unveils its latest Pride initiative - Claim your Space. It includes the launch of Spotify’s Pride Hub, an all year long dedicated hub that features and promotes LGBTQIA+ artists, podcasters, and themed playlists from around the world. These LGBTQIA+ creators, cultural figures, and… → Read More

Trade Secretary tests positive for Covid-19 again

Trade Secretary Ramon Lopez disclosed on Thursday morning that he tested positive for coronavirus again. After getting the result, the Department of Trade and Industry (DTI) chief, who said he is asymptomatic, proceeded to isolation. "Been wearing mask shield and distancing outside home but still got hit," he said.Prior to… → Read More

Senate okays CREATE bill, Dominguez eyes new tax reform law by yearend

THE Senate, voting 20-1, passed on third and final reading on Thursday the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill providing reforms in corporate taxes and incentives, with Sen. Richard Gordon casting the lone negative vote. The House of Representatives, where the counterpart bill had undergone two incarnations… → Read More

‘Holiday bonus’ promise a new scam, bank warns

Union Bank of the Philippines warned the public of a new phishing scheme amid the holidays. In an advisory, the Aboitiz-led bank said that the online scam is tricking the public into clicking a suspicious link because of a promise of a “holiday bonus.” “Beware of the new phishing tactic… → Read More

S&P: Amid slump, banks to bear more distressed assets

THE Philippine banking sector is seen carrying more distressed assets amid a major economic downturn due to the coronavirus pandemic, S&P Global Ratings said, revising its outlook for two financial institutions. The debt watcher estimates the industry’s nonperforming assets, which include restructured loans, to soar to 5.5 percent to 7.5… → Read More

Surge in UITF clients amid crises recorded

Rizal Commercial Banking Corp. (RCBC) saw a surge in unit invest trust fund (UITF) clients amid the ongoing economic and health crises following the digitalization of the application process. As of July, the Yuchengco-led bank said that UITF online clients rose by more than sevenfold. This translates to UITF online… → Read More

BSP liquidity-infusion moves boost banks’ trading income

The liquidity-infusion measures by the Bangko Sentral ng Pilipinas (BSP), which have supported the bond market, allowed banks to book higher trading gains, RCBC Chief Economist Michael L. Ricafort told the BusinessMirror. “The sharp increase in trading income of banks has been largely brought about by the sharp increase in… → Read More

PHL peso to take cues from Fed policy stance, seen to stay strong

THE local currency is seen to have support from the Federal Reserve’s policy stance of nearly zero interest rate this week. RCBC Chief Economist Michael L. Ricafort said that the Feds are expected to keep the nearly zero policy rate to buoy the US economy. The Federal Open Market Committee… → Read More

Central bank willing to declare dividends to boost Covid funds

THE Bangko Sentral ng Pilipinas (BSP) is open to declaring dividends anew next year to strengthen the government's war chest for the coronavirus pandemic. “Kung may available pa rin [If there’s more available] next year, we’ll be willing to give additional dividends,” BSP Governor Benjamin E. Diokno said in a… → Read More

DBM says funding for creating jobs is in budget

THE Department of Budget and Management (DBM) has given assurances that the government has set aside funding for the employment sector, which is currently fighting the surge in joblessness. DBM Assistant Secretary Rolando U. Toledo said in a briefing on Thursday that the 2021 national budget and Bayanihan to Recover… → Read More

Tagging distressed assets for 3rd-party sale allowed till 2021

EXPECTING a further increase in nonperforming assets (NPAs), the Bangko Sentral ng Pilipinas (BSP) said that recognizing distressed assets qualified for third-party sale may be allowed until next year under the proposed Financial Institutions Strategic Transfer (FIST) Act. BSP Governor Benjamin E. Diokno said in a Senate hearing on Wednesday… → Read More

RCBC helps coffee farmers go digital during pandemic

Rizal Commercial Banking Corp. (RCBC) is onboarding some 50,000 coffee farmers on its financial inclusion app to allow them run their business during the pandemic. The Yuchengco-led bank said the Philippine Coffee Board Inc.(PCBI) tapped the services of its digital platform DiskarTech to digitize its value chain processes. RCBC said… → Read More