Business
PH manufacturing score hits 7-month high in October
November 2, 2021, 3:34 pm
MANILA – The performance of the country’s manufacturing sector continued to recover in October 2021, according to IHS Markit’s manufacturing purchasing managers’ index (PMI). London-based information and analytics firm IHS Markit reported Tuesday that Philippine manufacturing PMI last… Read More
Economist eyes 6.5% GDP growth in Q3
November 1, 2021, 7:58 pm
MANILA – Domestic growth is expected to remain in positive territory for the third quarter at 6.5 percent amid the diminishing low base effects and the impact of lockdowns, an economist said. “GDP (gross domestic product) growth for 3Q (third quarter) 2021 could quantitatively ease… Read More
Oil down as China releases fuel from reserves
November 1, 2021, 7:25 pm
ANKARA – Oil prices declined on Monday with the easing of the global supply crisis after China announced the sale of its gasoline and diesel reserves. International benchmark Brent crude was trading at USD83.45 per barrel at 0625 GMT for a 0.32% percent decrease after closing the previous… Read More
Peso seen to stay firm as Christmas season nears
November 1, 2021, 6:35 pm
MANILA – The Philippine peso is expected to remain generally firm against the US dollar as the Christmas holiday nears, a season for increased inflows from overseas Filipino workers (OFWs). At the end of the trading session last October 29, the local currency finished at 50.415 against the… Read More
Oil firms roll back diesel, kerosene prices; LPG to go up anew
November 1, 2021, 4:03 pm
MANILA – After nine weeks of oil price hikes, firms will roll back prices of kerosene and diesel. Starting Tuesday morning, Caltex, Cleanfuel, Petro Gazz, Petron, Seaoil, and Shell will cut diesel prices by PHP0.35 per liter but they will increase gasoline prices by PHP1.15 per liter. Caltex,… Read More
At G20, Widodo calls for acceleration of global economic recovery
October 31, 2021, 6:22 pm
JAKARTA – President Joko Widodo called for the acceleration of a global economic recovery that is strong, inclusive, and sustainable at the economic and global health session of the G20 Summit in La Nuvola, Rome, Italy, on Saturday. According to a statement released by the Presidential… Read More
Microsoft surpasses Apple as most valuable US company
October 30, 2021, 6:02 pm
ANKARA - US software company Microsoft surpassed technology firm Apple as the most valuable US company on Friday right after the US stock market opening. Microsoft's stock price climbed to $326.52 per share with a 0.67% gain at 9.30 a.m. EDT on the Nasdaq, giving the company a market value of… Read More
PH stocks index ends in the red anew but peso up vs. US dollar
October 30, 2021, 8:16 am
MANILA – Profit-taking resulted in another drop in the Philippine Stock Exchange index (PSEi) on Friday but the peso appreciated against the US dollar. The PSEi lost 1.44 percent, or 103.03 points, to 7,054.70 points. This performance was mirrored by all the other indexes, with All Shares down… Read More
BSP's 28-day Bills' rate finishes sideways
October 30, 2021, 7:44 am
MANILA – The average rate of the Bangko Sentral ng Pilipinas’ (BSP) 28-day Bills moved sideways as demand remains despite the higher offer volume this week. Data released by the central bank on Friday showed that the average rate of the debt paper, which is among the BSP’s excess liquidity… Read More
BSP eyes October 2021 inflation between 4.5 to 5.3%
October 29, 2021, 6:29 pm
MANILA – Upticks in global oil prices are seen as major upside risk to the Philippines’ October 2021 inflation rate, which Bangko Sentral ng Pilipinas (BSP) forecasts to stay between 4.5 to 5.3 percent. “Inflation will be driven largely by the upward adjustments in domestic oil prices,”… Read More
PH could miss 2% growth in GDP if RCEP not ratified
October 29, 2021, 5:45 pm
MANILA – The Philippines could miss a 2-percent growth in the real gross domestic product (GDP) if the country fails to ratify the Regional Comprehensive Economic Partnership (RCEP), a research fellow from Philippine Institute for Development Studies (PIDS) said. PIDS research fellow Francis… Read More
BPO remains key strategy to property market recovery
October 29, 2021, 3:16 pm
MANILA – The business process outsourcing (BPO) industry is expected to usher recovery of the property market like what the sector did during the 2008 global financial crisis, Colliers Philippines director for Office Services Dom Frederick Andaya said on Friday. In a market briefing, Andaya said… Read More
PH's 2022 household spending seen to expand by 5.1%
October 29, 2021, 2:57 pm
MANILA – Fitch Solutions forecasts a 5.1 percent acceleration on household spending in the Philippines in 2022 from an estimated 3.5 percent this year, in line with the projected economic recovery starting this year. Citing data from the Bangko Sentral ng Pilipinas (BSP), the country risk and… Read More
ARTA launches manual on crafting new policies
October 29, 2021, 10:29 am
MANILA – The Anti-Red Tape Authority (ARTA) has launched the Regulatory Impact Assessment (RIA) manual to ensure that new policies being introduced by the government do not add undue regulatory burden to citizens. ARTA deputy director general Ernesto Perez said all proposed regulations of the… Read More
P3.6-B economic gain with easing NCR quarantine: NEDA
October 28, 2021, 8:56 pm
MANILA – The National Economic and Development Authority (NEDA) has estimated that placing the National Capital Region (NCR) under the more relaxed Alert Level 2 can boost the economy by PHP3.6 billion and employment by 16,000 per week compared to the current Alert Level 3. Socioeconomic… Read More
Easing of rules for imported pork sale eyed
October 28, 2021, 8:39 pm
MANILA – Authorities are looking into the possibility of relaxing rules on the selling of imported pork around the country, noting the elevated inflation outside of the National Capital Region (NCR) due to supply constraints. This, as the rate of price increases of pork in areas outside of… Read More
Stocks slip ahead of GDP data release; peso almost unchanged
October 28, 2021, 6:58 pm
MANILA – Risk-off sentiments resulted in another negative close to the main equities index on Thursday but the peso closed sideways to a greenback. The Philippine Stock Exchange index (PSEi) shed 1 percent, or 72.42 points, to 7,157.73 points. All Shares followed with a drop of 0.74 percent,… Read More
Choosing next leaders more critical amid pandemic
October 28, 2021, 6:40 pm
MANILA – The landscape of next year’s national polls will be different from the previous election years as presidential aspirants are faced with challenges brought by the pandemic while voter turnout will likely decrease as the coronavirus disease 2019 (Covid-19) fears linger. During the… Read More
Biz pushes for lower alert level in NCR in November
October 28, 2021, 6:28 pm
MANILA – Business owners are appealing to the government to place Metro Manila under a lower alert level in November amid the declining number of cases of coronavirus disease 2019 (Covid-19) in the National Capital Region (NCR). In a statement Thursday, Presidential Adviser for Entrepreneurship… Read More
NEDA, businesses push for gradual reopening of schools
October 28, 2021, 6:11 pm
MANILA – Socioeconomic Planning Secretary Karl Kendrick Chua has cited the importance of gradually reopening schools as prolonged absence of face-to-face classes will impact on the competitiveness and productivity of the country’s workforce in the future. During the Economic Journalists… Read More
