Business
Marcos admin ensures continued economic recovery from pandemic
October 10, 2022, 2:42 pm
MANILA – Efficient implementation of measures to ensure the continued recovery of the domestic economy from the impact of the pandemic is a Herculean task but the government has buckled up, ready to face all the challenge. In a report for the Marcos administration’s first 100 days in office,… Read More
Forum to tackle Marcos admin's infra, transpo, energy plans
October 9, 2022, 1:44 pm
MANILA – Three Cabinet secretaries will discuss the infrastructure plans of President Ferdinand Marcos Jr.’s administration in a forum organized by the Economic Journalists Association of the Philippines (EJAP) and the MVP Group of Companies. "The Road Ahead: Priorities for the Next 6 Years"… Read More
BOI approves P126-B investments during PBBM’s first 100 days
October 8, 2022, 5:28 pm
MANILA – Transition in leadership in the government usually slows down investment approvals as investors have this wait-and-see mindset until the new administration has come in, but the Board of Investments (BOI) has more than doubled its approved investments quarter-on-quarter during the first… Read More
Stocks end flat, peso weakens ahead of US jobs report
October 7, 2022, 8:01 pm
MANILA – The main equities index finished the week almost flat ahead of the release of latest jobs reports in the United States but the peso weakened against the US dollar. The Philippine Stock Exchange index (PSEi) ended this week’s trading 0.04 percent, or 2.08 points, lower to 5,932.19… Read More
P4 price hike for diesel seen next week: DOE
October 7, 2022, 6:46 pm
MANILA – The Department of Energy (DOE) is expecting a new round of oil price hike next week after five consecutive weeks of rollbacks in prices of diesel and kerosene. During the Laging Handa public briefing Friday, DOE director Rino Abad estimated that there will be an increase of less than… Read More
BSP securities rate up anew
October 7, 2022, 6:27 pm
MANILA – The Bangko Sentral ng Pilipinas’ (BSP) 28-day bill registered another rate uptick while demand declined on Friday. Data released by the central bank showed that rate of the debt securities rose to 4.7093 percent from 4.5301 percent during the auction last Sept. 30. The BSP kept the… Read More
Fitch Solutions revises budget gap forecasts for PH
October 7, 2022, 6:02 pm
MANILA – Fitch Solutions Country Risk and Industry Research has revised upwards its budget deficit forecasts for the Philippines for this and next year after noting higher fiscal spending and improvement in revenue collections. In a report dated Oct. 6 released on Friday, the credit intelligence… Read More
Factory output, value up in August 2022
October 7, 2022, 4:15 pm
MANILA – The Philippine Statistics Authority (PSA) said volume and value of production of manufacturing sector both recorded increments in August 2022. PSA's Monthly Integrated Survey of Selected Industries (MISSI) for August 2022 reported Friday that volume of production index (VoPI) continued… Read More
TikTok eyes 'Shoppertainment' value to hit US$1-T by 2025
October 7, 2022, 8:00 am
MANILA – Marketing strategy using entertaining videos that touch consumers’ emotions and speak to them instead of just pushing the products using polished advertisement is seen to bring Shoppertainment opportunity in the Asia Pacific to hit USD1 trillion by 2025. Citing results of the… Read More
Construction activities in Q1 2022 rise at slower pace
October 6, 2022, 9:41 pm
MANILA – Construction activities continued to rise in the first quarter of the year but at a slower pace, the Philippine Statistics Authority (PSA) reported Thursday. The number of approved building permits from January to March increased by 1.8 percent to 37,270 from 36,621 approved… Read More
PH equities index dips but peso finishes sideways
October 6, 2022, 9:35 pm
MANILA – The Philippines’ main equities index reversed its course and finished in the red Thursday but the peso kept its footing against the US dollar. After gaining for several days, the Philippine Stock Exchange index (PSEi) dipped by 0.91 percent, or 54.32 points, to 5,934.27 points. All… Read More
Global e-commerce volume to hit $5.5-T by end of 2022
October 6, 2022, 9:10 pm
ISTANBUL – The global e-commerce volume is expected to reach USD5.5 trillion by the end of this year, up 14 percent from USD4.9 trillion in 2021, according to the head of the World E-Commerce Forum (WORLDEF). The global e-commerce sector's share in overall retail sales was 21 percent last year… Read More
World Bank identifies PH sectors for global value chain expansion
October 6, 2022, 5:55 pm
MANILA – The World Bank Group has identified three clusters of sectors where the Philippines could expand its participation in global value chains (GVCs) post-pandemic. The World Bank launched in Makati City on Thursday its report “A New Dawn for Global Value Chain Participation in the… Read More
AMRO keeps PH growth forecast for 2022, revises 2023 outlook
October 6, 2022, 4:03 pm
MANILA – The ASEAN+3 Macroeconomic Research Office (AMRO) reported Thursday that it maintained its gross domestic product (GDP) growth forecast for the Philippines at 6.9 percent for 2022 while revising downward the outlook for next year from 6.5 percent to 6.3 percent. The latest GDP growth… Read More
PH logs slight increase in unemployment rate in August
October 6, 2022, 3:58 pm
MANILA – The unemployment rate in August 2022 slightly increased to 5.3 percent from 5.2 percent in July this year, the Philippine Statistics Authority (PSA) reported Thursday. In a press conference, PSA chief and national statistician Undersecretary Dennis Mapa said this means 2.68 million… Read More
PH sells US$2 billion multi-tranche global bonds
October 6, 2022, 1:39 pm
MANILA – The government again tapped the international market through the issuance of US$2 billion-worth of multi-tranche fixed rate global bonds, including a 25-year environmental, social and governance (ESG) bond, its third so far this year. In a statement on Thursday, the Bureau of the… Read More
RRR cuts seen to resume once inflation stabilizes
October 5, 2022, 8:25 pm
MANILA — The reduction in the banks’ reserve requirement ratio (RRR) is expected to be deferred given the continued acceleration in domestic inflation rate, according to an economist Wednesday. The Philippine Statistics Authority (PSA) on Wednesday reported the acceleration of domestic rate… Read More
BSP term deposit facility rates rise anew
October 5, 2022, 8:22 pm
MANILA — Increases in the Bangko Sentral ng Pilipinas’ (BSP) key rates continue to impact on the yields of the central bank’s term deposit facility (TDF). On Wednesday, the average rate of the seven-day TDF rose to 4.4343 percent and the 14-day’s to 4.4857 percent. These were at 4.2959… Read More
PBBM, biz leaders discuss power, ease of doing business
October 5, 2022, 8:18 pm
MANILA — Filipino Chinese Chambers of Commerce and Industry, Inc. (FFCCII) vice president Cecilio Pedro said Wednesday their group’s two-hour dialogue with President Ferdinand “Bongbong” Marcos Jr. has centered on issues of power and ease of doing business in the country. During the… Read More
Freeport Area of Bataan logs good performance despite pandemic
October 5, 2022, 7:42 pm
MARIVELES, Bataan –The Authority of the Freeport Area of Bataan (AFAB) has recorded a good performance this year despite the challenges due to the coronavirus disease 2019 (Covid-19) pandemic. Engr. Emmanuel Pineda, AFAB administrator, highlighted this on Wednesday during his fifth State of the… Read More
