Earnings reports, economic data to boost PSEi
PHILIPPINE SHARES may rise this week on the back of companies’ reports on their third quarter corporate earnings and the release of manufacturing and inflation data.
Further monetary stimulus may boost peso, push up bond yields
THE CENTRAL BANK may adjust monetary policy further to support the government’s limited fiscal space and strong balance of payments (BoP) position, Nomura said in a report, but this would result in loose liquidity, a stronger peso and slightly higher government bond yields.
BSP exploring supply chain financing for MSMEs
THE Bangko Sentral ng Pilipinas (BSP) is evaluating a plan to provide financing to micro-, small-, and medium-sized enterprises (MSMEs) that belong to the supply chains of larger firms, easing their collateral requirements by leveraging the superior credit profiles of their major customers.
Finance dep’t touts CREATE bill’s role in attracting investment for renewable energy
FINANCE SECRETARY Carlos G. Dominguez III said incentives offered in pending tax reform legislation could facilitate the attraction of investment in clean energy projects, which will go hand-in-hand with the government’s recent ban on new coal-fired power plants.
PHL, Indonesia seen as ASEAN’s COVID recovery laggards
THE ASEAN region is seeing some pockets of recovery but the overall picture is mixed with the Philippines and Indonesia the clear laggards in the region, according to Maybank Kim Eng.
At least 16 people die as Goni pummels eastern Philippines
AT LEAST 16 people died and three more went missing after the world’s strongest typhoon this year battered the Bicol region in eastern Philippines and several other provinces on Luzon island, according to the Office of Civil Defense.
COVID-19 infections top 385,00 as death toll reaches 7,269
THE DEPARTMENT of Health (DoH) reported 2,298 coronavirus infections on Monday, bringing the total to 385,400.
Typhoon Goni boosts Metro Manila’s water supply until yearend
METRO Manila’s water supply will be enough for the rest of the year after rains brought by Typhoon Rolly, according to the state weather bureau.
Blackwater Elite return to action, take on San Miguel
THE Blackwater Elite return to PBA Philippine Cup action on Tuesday after a two-week break because of coronavirus concerns, taking on the defending champions San Miguel Beermen in the opener at 10 a.m. of a quadruple-header offering at the Angeles University Foundation Arena in Pampanga.
Maharlika FC seeks to sustain spirited PFL run
NEW Philippines Football League (PFL) team Maharlika Manila FC is out to sustain its spirited run in the ongoing league tournament, banking on a collective go-getting mindset.
No guarantees I will be in F1 next year, says Hamilton
SIX-TIME world champion Lewis Hamilton said on Sunday there were no guarantees he would be in Formula One (F1) next season.
The positive driving force of FOMO
By Reynaldo A. Bautista, Jr.
Prior to the pandemic, the Philippine apparel and footwear retail industry registered stellar sales, closing at P184.9 billion in 2019 (Euromonitor, 2020).