Shares climb as investors continue to buy bargains
PHILIPPINE STOCKS extended their climb on Wednesday amid continued bargain hunting and as firms’ third-quarter results boosted sentiment, joining the rise of most Asian markets.
AIIB to dedicate 50% of loans to climate change projects
THE Asian Infrastructure Investment Bank (AIIB) said it will reserve at least 50% of its loan portfolio to climate change mitigation projects by 2025.
DoTr’s Bautista pitches transport investments to Swiss companies
TRANSPORTATION Secretary Jaime J. Bautista invited Swiss to invest in Philippine transport infrastructure projects via public-private partnerships (PPP), his department said in a statement on Wednesday.
Coconut products proposed as quick fix for stalled exports
THE Department of Trade and Industry (DTI) said it views coconut products as a potential source of export growth, following a decline in the value of merchandise exports in August.
Seven-month registered births and deaths in Philippines fall
REGISTERED births and deaths declined 25.2% and 32.6% year on year, respectively in the seven months to July, the Philippine Statistics Authority (PSA) said on Wednesday.
Senate bill proposes agriculture database focused on improving market intelligence
A SENATE BILL is seeking to consolidate and integrate all agricultural databases to improve market intelligence on where produce is in demand, thereby strengthening the farm-to-consumer value chain, including to global markets.
Climate inaction puts economy at risk
THE IMPACT of climate change is likely to slash the Philippines’ gross domestic product (GDP) by as much as 13.6% by 2040 if there is no action by the government and private sector, the World Bank said on Tuesday.
BSP may respond point by point to Fed’s next hike
THE BANGKO SENTRAL ng Pilipinas (BSP) may have to respond to the US Federal Reserve point by point as the rate differential has become too narrow.
Top business groups support POGO closure
THREE MAJOR business groups on Tuesday said they supported the total closure of Philippine Offshore Gaming Operators (POGOs), citing the spike in crime and money laundering risks associated with the sector.
Peso strengthens vs dollar on weak US factory data
THE PESO strengthened on Tuesday as the dollar softened after US manufacturing data contracted for a fourth straight month in October, indicating a slowing US economy due to high inflation and rising interest rates.
Stocks rise further on bargain hunting, earnings
PHILIPPINE SHARES extended their gains on Tuesday on bargain hunting and strong third-quarter results of listed companies.
Sugar producers see imports for years on weak domestic output
SUGAR FARMERS said they expect imports of the commodity to continue for years due to weak domestic production and the persistence of high input costs.