Fewer Pinoys made shopping trips in first half of 2018 — Study
By Anna Gabriela A. Mogato
MORE than half of Filipino households cut down on shopping trips to buy fast moving consumers goods (FMCG) in the...
Fullerton Health PH secures $40M IFC loan to expand HMO services
Anna Gabrielle A. Mogato
By Anna Gabriela A. Mogato
THE local branch of Fullerton Healthcare Corp., Ltd. has secured a $40 million long-term loan from International Finance Corp. (IFC) to...
Trade gap widens on import surge
By Carmina Angelica V. Olano, Researcher
FLAT merchandise export sales and inbound foreign goods’ continued surge caused the country’s trade gap to widen further in...
Senate sets work on 2nd tax reform
THE SENATE will start next week committee-level work on the second tax reform package designed to overhaul the corporate tax and incentives scheme.
Banks increase exposure to real property sector
BANKS lent out more funds to the real property sector as of June, although growth slowed from the previous quarter as interest rates climbed.
PNOC says will negotiate sale of its banked gas
PHILIPPINE National Oil Co. (PNOC) will be negotiating the sale of its banked gas amounting to 97.67 petajoules at a lower price than what it was willing to sell before.
Gov’t rejects all bids for T-bonds as investors ask for higher yields
THE GOVERNMENT rejected all bids for the reissued 10-year Treasury bonds (T-bond) it offered yesterday as investors demanded higher rates amid market expectations of another rate hike from the local central bank.
Global banks expect more BSP rate hikes until 2019
THE BANGKO SENTRAL ng Pilipinas (BSP) may opt to raise rates several times until 2019 to make local yields competitive, two global banks said, noting that such moves would also boost the peso and help arrest surging inflation.
Typhoon worst-case scenario: P7B damage in rice farms
THE REGIONS of Ilocos, Cagayan Valley, Central Luzon, and the Cordillera Autonomous Region may suffer damages in 1.2-million hectares of rice and corn farms, with crops almost ready for harvest, when potentially super typhoon Ompong (international name: Mangkhut) passes through the country, according to Agriculture Secretary Emmanuel F. Piñol.
Rice handling, storage losses estimated at nearly 900,000 MT/year
THE Philippines loses nearly 900,000 metric tons of rice each year between farm and market, according to the Philippine Rice Research Institute (PhilRice).
Peso nears P54:$1 level on trade tensions, data
THE PESO weakened against the dollar on Tuesday as it inched closer to the P54 level amid continued cautiousness over trade tensions abroad fuelled by a wider local trade deficit in July.
Peso strengthens slightly vs dollar
The peso strengthened slightly versus the dollar on Friday, Sept. 7, as it almost hit the P54 level intraday following the local central bank's...