Business
Stocks, peso weaken after recent run-up
November 6, 2019, 6:56 pm
MANILA -- Risk-off sentiments resulted in the negative close of the Philippine Stock Exchange index (PSEi) and the peso on Wednesday after their recent rally as investors digested latest economic data from the US. After a two-day rally, the main equities index fell 2.32 percent, or 190.80 points,… Read More
Term deposit rates mostly down
November 6, 2019, 6:52 pm
MANILA -- Rates of the Bangko Sentral ng Pilipinas’ (BSP) term deposit facility (TDF) registered mixed results Wednesday. Data released by the central bank showed that the average rate of the seven-day facility declined to 4.1923 percent from 4.2053 percent during the auction last October 30.… Read More
Agri output up 2.87% in Q3
November 6, 2019, 6:18 pm
MANILA -- Agricultural production grew by 2.87 percent in the third quarter of 2019, rebounding from a 0.87-percent decline in the same period last year, the country’s statistics agency reported on Wednesday. Philippine Statistics Authority (PSA) Undersecretary Claire Dennis Mapa attributed the… Read More
Export bright spots, infra spending to lift PH trade growth
November 6, 2019, 5:57 pm
MANILA -- The government should take advantage of recovering exports to selected markets while also sustaining the improvement of infrastructure to uplift the trade sector, the National Economic and Development Authority (NEDA) said. The Philippine Statistics Authority (PSA) has reported that the… Read More
Public-private tie-up to boost PH’s fintech readiness
November 6, 2019, 5:32 pm
MANILA -- Closer team work between the Philippines’ public and private sectors is required for the country to further enhance its readiness in financial technology. Lisette Cipriano, Senior Digital Technology Specialist of the Asian Development Bank (ADB), underscored this in a briefing with… Read More
Ayala Land nets P23.2-B in 9 months
November 6, 2019, 7:13 am
MANILA — Ayala Land, Inc. (ALI) posted a 12-percent increase in net income to PHP23.2 billion for the first nine months of 2019 as total revenues increased by 2 percent to PHP121.7 billion for the period. Growth was driven primarily by real estate revenues which stood at PHP119.7 billion,… Read More
D&L Industries eyes higher profits in 2020
November 5, 2019, 9:40 pm
MANILA — D&L Industries, a manufacturer of food ingredients, plastics and oleochemicals, targets its net profit to return to double-digit growth in 2020, as it ramps up its expansion project in Batangas to boost capacity and grow its export business. In a press briefing Tuesday, D&L President… Read More
PSEi, peso keep strength as inflation slows
November 5, 2019, 9:30 pm
MANILA – The Philippines’ equities market and the peso ended Tuesday up following the report about another drop in domestic inflation rate in October 2019. The Philippine Statistics Authority (PSA) reported during the day the slide of rate of domestic price increases to 0.8 percent from… Read More
Holiday season, macroeconomic condition to drive factory output
November 5, 2019, 7:50 pm
MANILA -- The upcoming holiday season and strong macroeconomic conditions are seen to contribute to the improved performance of the manufacturing sector for the last quarter of 2019, the National Economic and Development Authority (NEDA) said. Despite total manufacturing index recording negative… Read More
NEDA on lookout for ASF even after inflation falls
November 5, 2019, 7:36 pm
MANILA -- The National Economic and Development Authority (NEDA) expects 2019’s full-year inflation to settle within the government target of 2 percent to 4 percent after hitting a low of 0.8 percent in October, but remains on the lookout for upside risks, particularly cases of African swine… Read More
Inflation slowdown to further boost PH economy: Andanar
November 5, 2019, 5:12 pm
MANILA -- Public can expect faster economic growth in the country after consumer prices fell to its lowest level in more than three years in October 2019, Presidential Communications Operations Office (PCOO) Secretary Martin Andanar said on Tuesday. In a statement, Andanar said President Rodrigo… Read More
ANZ Research sees lesser inflation factor on BSP's policy stance
November 5, 2019, 3:25 pm
MANILA -- ANZ Research on Tuesday discounted inflation concerns as among the factors that Philippine monetary officials will look into vis-a-vis their policy decisions in the near term. This, after rate of price increases slowed again in October 2019 to 0.8 percent from the previous month's 0.9… Read More
Inflation eases to 0.8% in October, slowest in over 3 years
November 5, 2019, 10:48 am
MANILA -- The country’s inflation eased at more than a three-year low in October mainly due to lower food prices, including declining prices of rice. In a press conference Tuesday, national statistician and Philippine Statistics Authority (PSA) chief Claire Dennis Mapa said inflation continued… Read More
Roadmap supporting natural capital accounting developed: NEDA
November 4, 2019, 10:02 pm
MANILA -- The country has developed an institutionalization roadmap for management of natural resources that contribute to development, as the economy is in sharp upward trajectory of growth. National Economic and Development Authority (NEDA) Undersecretary Rosemarie Edillon said they already… Read More
Russia favors creation of Greater Eurasian Partnership: Medvedev
November 4, 2019, 9:41 pm
BANGKOK -- Russia advocates the establishment of the Greater Eurasian Partnership involving the Eurasian Economic Union (EAEU), Association of Southeast Asian Nations (Asean) and the Shanghai Cooperation Organization (SCO), Russian Prime Minister Dmitry Medvedev said at the Business and Investment… Read More
Thai PM cites 'significant progress' on RCEP talks
November 4, 2019, 8:54 pm
NONTHABURI, Thailand – Thai Prime Minister Prayut Chan-o-cha on Monday cited “significant progress” on negotiations for the proposed Regional Comprehensive Economic Partnership (RCEP) that will cover 16 economies in the Asia Pacific. In his opening remarks during the 3rd RCEP Summit here,… Read More
Manulife launches insurance and investment product
November 4, 2019, 8:10 pm
MANILA -- Manulife Philippines on Monday launched a product combining insurance protection and investment benefits which it claims specifically tailored for Filipinos. "We custom-developed this based on research. We asked our customers about their needs," Melissa Henson, chief marketing officer,… Read More
Ramped up spending to lift PH '19 GDP to within target level
November 4, 2019, 8:08 pm
NONTHABURI, Thailand -- Finance Secretary Carlos Dominguez III is optimistic that growth of the Philippine economy in the third quarter of 2019 will be better than the 5.5 percent average in first half as government expenditures have recovered. In a briefing at the sidelines of the 35th… Read More
Stocks hit 2-month high, peso up
November 4, 2019, 7:55 pm
MANILA -- The peso sustained gains against the greenback while the Philippine Stock Exchange index (PSEi) resumed its rally above the 8,000-mark to finish at a two-month peak on Monday due to strong third-quarter corporate earnings results. “Investor confidence is returning to our market, with… Read More
CebPac opens 9th batch of cadet pilot training program
November 4, 2019, 6:01 pm
MANILA -- Budget carrier Cebu Pacific (CEB) on Monday announced the opening of the ninth batch of Cadet Pilot Training Program, its "Study now, Pay later" program for aspiring pilots. CEB is looking for 16 trainees for the its latest batch. The program is open for both male and female Filipinos.… Read More
