Retail price growth of construction materials in NCR accelerates
RETAIL price growth of construction materials in Metro Manila accelerated to its highest level in nearly two years in October, according to the Philippine Statistics Authority (PSA).
Palay farmgate price declines 0.4% in last week of October
THE AVERAGE farmgate price of palay, or unmilled rice, fell 0.4% week-on-week to P15.36 per kilogram in the fourth week of October, with the price down 1.4% year-on-year, the Philippine Statistics Authority (PSA) said.
Domestic trade falls 60.1% by value in third quarter
DOMESTIC TRADE declined 60.1% year-on-year by value to P91.19 billion in the third quarter, the Philippine Statistics Authority (PSA) said Thursday, citing preliminary data.
PSEi tests support level on extended profit taking
STOCKS CONTINUED to decline on Wednesday as investors kept taking profits and preferred markets that are expected to beat others in getting the coronavirus disease 2019 (COVID-19) vaccine.
Peso inches up vs dollar as Biden begins transition
THE PESO inched up versus the dollar on Wednesday after US President-elect Joseph R. Biden, Jr. started his formal transition to the White House and amid the race for the development of a vaccine against the coronavirus disease 2019 (COVID-19).
Fourth quarter marks start of economic pickup — FMIC, UA&P
SIGNS OF an economic recovery are emerging this quarter based on readings of recent industrial activity and trade data, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a joint report.
SSS reluctant to implement expanded pension proposal
THE Social Security System (SSS) said going ahead with a plan to expand benefits for retirees affected by the coronavirus disease 2019 (COVID-19) pandemic will likely erode the pension fund’s finances.
Gov’t borrowing to fund pandemic expenses driving bond market
BOND MARKET growth accelerated in the third quarter to meet government demand for funds to finance its coronavirus disease 2019 (COVID-19) containment efforts, the Asian Development Bank (ADB) said Wednesday.
BoI auto-industry investment campaign to focus on wiring
THE Board of Investments (BoI) said it is seeking to attract investment in electric vehicle manufacturing, including production of wiring materials, in which the Philippines enjoys advantages in terms of access to supply.
DoE urged to expedite clean energy transition
THE Department of Energy (DoE) must step up its clean energy efforts and implement policy that will bring about the “full and swift” transition of the power sector, an environmental think tank said Wednesday.
House passes on second reading bill banning ‘endo’
THE House of Representatives on Wednesday approved on second reading a bill banning contractualization in the private sector.
Gov’t sets price cap on coronavirus swab tests
THE GOVERNMENT has issued an order setting a price ceiling on coronavirus swab tests to balance equity and consumers’ choice.