Factory activity best in five months
PHILIPPINE manufacturing activity saw “solid improvement” in May, picking up for the third straight month on growing demand despite “intensified” cost pressures passed on to customers via higher prices, according to the latest monthly tracking IHS Market conducted for Nikkei, Inc.
Duterte to sign loan, cooperation agreements with South Korea
PRESIDENT Rodrigo R. Duterte is set to sign four memoranda of understanding (MoU) with the South Korean government during his first official visit on June 3 to 5.
Cavitex widening, Marina flyover sees early completion
ADVANCED completion in July is being targeted for the Manila-Cavite Expressway (Cavitex) road-widening project and the construction of the southbound Marina flyover.
Around half of establishments with productivity schemes in 2015 availed of tax incentives —...
OF THE 2,448 establishments that set up productivity schemes in 2015, around half availed themselves of tax incentives under the Productivity Incentives Act of 1990 (Republic Act 6971), according to the latest biennial Integrated Survey on Labor and Employment conducted by the Philippine Statistics Authority (PSA).
DoubleDragon gets PSE nod for follow-on offering schedule
DOUBLEDRAGON PROPERTIES Corp. announced on Friday that the stock exchange has approved the updated timetable for its follow-on offering, which could raise up to...
H2O investors hold on to shares after Udenna offer to buy
NO SHARES were tendered after Udenna Corp. offered to buy 37.994% of Philippine H20 Ventures Corp.’s issued and outstanding common shares to complete its acquisition of the company.
Money supply growth slows down in April
MONEY SUPPLY continued to grow at the start of the second quarter although slightly slower than the previous month, even as bank lending accelerated, the Bangko Sentral ng Pilipinas (BSP) said in a statement released late Thursday.
BSP lowers TDF volume for retail bond issuance
THE BANGKO Sentral ng Pilipinas (BSP) reduced the offer volume for the one-week term deposit facility (TDF) auction next week to make way for the government’s retail Treasury bond (RTB) issuance.
Thrift bank sector assets grow in Q1 with credit expansion
THE THRIFT banking industry posted growth in the first quarter on the back of credit expansion among lenders.
Business confidence steadies in Q2
OPTIMISM among firms in the country steadied in the second quarter from the preceding three months -- though it dropped from a year ago -- in the face of expectations of higher prices of goods and as businesses continued to adjust to a new tax regime, a recent central bank survey showed.
‘Good reception’ seen as RTB sale begins
THE FIRST DAY of sale of the three-year retail Treasury bonds (RTB) bared strong demand for the debt papers amid ample liquidity in the market.
Infrastructure, other capital outlays surge
STATE SPENDING on infrastructure and other capital outlays nearly doubled in April as the government ramped up construction and improvement of roads and flood control systems and bought more equipment for its schools, the Budget department reported on Wednesday.