Home Tags Carmina Angelica V. Olano

Tag: Carmina Angelica V. Olano

Capex cut, dampened sentiment pull down Ayala Land shares

INVESTORS sold off Ayala Land, Inc. (ALI) shares last week after the property developer’s decision to cut capital expenditures (capex) for the year because of overall market weakness brought about by the coronavirus disease 2019 (COVID-19) pandemic.

Value of domestic trade falls in 2019

THE Philippine economy saw a decline in domestic trade value in 2019 despite a marginal growth in trade volume, data by the Philippine Statistics Authority (PSA) showed.

Coronavirus may cost PHL up to P2.5 trillion in economic output

THE Philippine economy may lose between P276.3 billion and P2.5 trillion, depending on how the coronavirus pandemic develops in the next few months, according to a state-run think tank.

Yields on government debt fall on BSP stimulus

YIELDS ON government securities (GS) fell across-the-board last week as traders’ sentiment improved further following the Bangko Sentral ng Pilipinas’ (BSP) decision to buy more debt papers from banks this week.

Pandemic expected to weaken job market

JOSEPH LAGUERTA, 32, has been trying to get as many odd jobs as possible to replace the daily income of P650 he used to get as a carpenter in Makati City.

Metro Manila construction materials prices rise in Feb.

WHOLESALE prices of construction materials in Metro Manila rose in February, though the rate of growth slowed compared with a month earlier, the Philippine Statistics Authority (PSA) said.

Coronavirus fears push gov’t debt yields up as bondholders prefer cash

YIELDS ON government securities (GS) rose almost across-the-board last week as market players sold off their bonds due to the spread of the coronavirus disease 2019 (COVID-19) in the country.

Factory output decline persists in Jan.

FACTORY OUTPUT deteriorated for a 14th consecutive month in January though the rate of decline slowed, the Philippine Statistics Authority (PSA) said.

PHL at or near top of gender balance metrics in GDBA...

A STUDY of workplace gender diversity in Asia puts the Philippines at or near first place on measures like, the narrowness of the gender pay gap, female representation in senior leadership, and overall gender balance.

POGO crackdown, virus weigh on Megaworld stock

THE CRACKDOWN on Philippine offshore gaming operators (POGOs) by both Philippine and Chinese governments, coupled with the outbreak of the new coronavirus disease 2019 (COVID-19), led investors to sell their shares in Megaworld Corp.

Domestic commodity flows contract in Q4

LOCALLY TRADED GOODS declined in the fourth quarter of 2019, the government reported yesterday.

MarCoPay: Making money transfers smooth sailing

USUALLY, seafarers would have to wait for their ship to dock and go to a bank or a remittance center when they want to send money to their loved ones. With money transfers being made easier thanks to money transfer apps, the same convenience will be extended to seafarers that would enable them to make transactions anywhere in the world, even while at sea.

Outlook positive for bank stocks amid bets of policy easing

ANALYSTS are generally bullish on bank stocks this year amid expectations of the central bank to ease monetary policy further in order to support economic growth.

Banks post bigger capital buffers, but see slower growth of assets,...

THE COUNTRY’s biggest banks saw their capacity to absorb risky assets improve in the last three months of 2019, even as aggregate profitability dipped and growth in assets and loans eased.

Jan. inflation fastest in 8 months

THE overall year-on-year increase in prices of widely used goods picked up for the third straight month in January by its fastest pace in eight months, the government reported on Wednesday.

Third-quarter 2019 GDP growth scaled down

THE PHILIPPINE ECONOMY in the third quarter grew at a slower pace than previously reported, the Philippine Statistics Authority (PSA) said a day before it announces preliminary figures for the fourth quarter and full-year 2019.

Doubts on fate of reclamation projects weigh down SM Prime Holdings

INVESTORS bet on the future of Sy-led SM Prime Holdings, Inc. after President Rodrigo R. Duterte said he would not approve proposed Manila Bay reclamation projects unless proponents have safety measures for the environment and public health.

PHL eyes demographic dividend with slowing population growth

VICKY MARIANO, 46, stretches her P12,000 monthly income from cleaning, washing clothes and cooking for another household as she tries to raise six children, all below 15 years old. She is always on the lookout for other income sources such as selling snacks.

All-industry revenue growth eases in Q3

REVENUE across all industries grew in the third quarter, but eased from a year earlier, the Philippine Statistics Authority (PSA) said.

Import bill drops fastest in more than seven years in October

LATEST government trade data showed imports declining at their fastest pace in seven-and-a-half years in October while exports were flat, the Philippine Statistics Authority (PSA) reported on Tuesday.

Yields on gov’t debt end flat on BSP rate bets

YIELDS ON government securities (GS) traded at the secondary market remained flat last week amid mixed expectations on whether the central bank will cut rates or not as the November inflation print picked up last week.

Gov’t finds fewer Filipinos poor in 2018

FEWER FILIPINOS were mired in poverty in 2018, the Philippine Statistics Authority (PSA) reported on Friday.

Committed investments surge

COMMITTED foreign direct investments (FDI) approved by the government’s seven main investment promotion agencies (IPAs) grew more than fourfold to the biggest amount in nearly seven years last quarter, helping to fuel a year-to-date surge, according to preliminary data the Philippine Statistics Authority reported on Thursday.

Sweet debut for Fruitas as investors optimistic on its prospects

FRUITAS Holdings, Inc. made its market debut only last Friday, but it still ended up as the tenth most actively traded stock last week.

Who’s ready for PIFITA?

THE MEASURE TO SIMPLIFY the taxation of passive income, financial services and transactions was borne out of the need to be more competitive in attracting foreign capital and investments in order to finance infrastructure projects and promote inclusive growth through generation of more and higher quality jobs.

Philippines hones its talent edge

THE PHILIPPINES’ ability to develop, attract and retain highly skilled professionals improved in 2019, buoyed largely by increased capacity in matching existing talent pool with the demand of the labor market, according to an annual survey of Switzerland-based business school International Institute for Management Development’s (IMD) research arm.

Yields on gov’t debt down on BSP bets

YIELDS ON government securities (GS) traded on the secondary market fell across the board on heightened expectations that the Bangko Sentral ng Pilipinas’ (BSP) will cut rates following the US Federal Reserve’s move to ease policy.

Third telco license boosts Chelsea’s prospects

AFTER Dito Telecommunity Corp. (formerly known as the Mislatel consortium) received its operating license last week, major shareholder Chelsea Logistics and Infrastructure Holdings Corp. was one of the most actively traded stocks last week.

Yields on government debt decline on Fed, BSP rate cut expectations

YIELDS ON government securities (GS) traded on the secondary market fell across the board as expectations of rate cuts by the US Federal Reserve and the Bangko Sentral ng Pilipinas’ (BSP) remain.

Agriculture trade deficit widens in Q1

THE trade deficit in agriculture commodities widened in the first quarter, the Philippine Statistics Authority (PSA) said.

PHL trade deficit narrows in April

THE COUNTRY’s trade-in-goods deficit narrowed in April as merchandise exports grew while imports declined, but did not prevent the year-to-date trade gap from increasing, according to data released by the Philippine Statistics Authority (PSA) on Tuesday.

Yields on gov’t debt end flat on RRR cut

YIELDS ON government securities (GS) traded on the secondary market were flat last week amid ahead of the central bank’s decision to cut big banks’ reserve requirements in tranches.

How much economic boost does election spending deliver?

ELECTIONS are widely believed to have a growth-inducing effect on an economy.

Expansion plans prompt investors to snap up AC stocks

AYALA CORP. (AC) was the sixth most actively traded stock in the Philippine Stock Exchange last week with analysts attributing the movement to the disclosure of the company’s expansion plans.

Yields on government debt end higher as market corrects

YIELDS ON government securities (GS) traded on the secondary market continued to climb slightly last week due to the market’s correction after significant declines seen last month.

March inflation below expectation, gives BSP policy space

INFLATION further eased for the fifth straight month in March, the Philippine Statistics Authority (PSA) reported, lending support to the central bank’s view that price increases will ease this year even as officials signaled caution against swift plans to cut policy rates.

US-China trade war offers opportunities for PHL

THE Philippines stands to gain from an escalating China-US trade war, with the possible redirection of trade favoring Southeast Asian economies.

Yields on gov’t securities end flat

YIELDS ON government securities (GS) traded on the secondary market ended flat last week amid the risk-off mood following the US government’s dovish sentiments and local central bank’s decision to keep banks’ reserve requirements unchanged.

Industry revenue growth rises 9.5% in 4th quarter

REVENUE across all industries grew in the fourth quarter of 2018 on account of stronger sales in key industries, the Philippine Statistics Authority (PSA) reported yesterday.

Less Filipinos jobless, seeking more work

LATEST data show a decline in the country’s unemployment rate and underemployment rates in January, the government’s statistical agency reported on Thursday.

Expectations of better earnings this year make Megawide an attractive stock...

MEGAWIDE CONSTRUCTION Corp. was one of the most actively traded stocks in the Philippine Stock Exchange last week on account of the attractiveness of the company’s future growth prospects according to analysts.

Going all-digital: A CIMB Bank Q&A

LAST MONTH saw the Malaysian-lender CIMB Bank formally launching its operations in the Philippines, more than a year after it received the central bank approval to establish banking operations in the country.

Outlook positive for bank stocks amid hopes of rate hike pause,...

WITH THE DOWNTREND in inflation allowing room for the central bank to retain or cut key interest rates, analysts remain bullish on bank stocks this year as they expect banks’ to net higher earnings and at the same time, lower funding costs.

Yields on gov’t debt sideways as market waits for retail bond...

YIELDS on government securities (GS) traded on the secondary market went sideways as traders anticipate the planned auction of new retail Treasury bonds.

December factory output decline steepest in 13 months – PSA

THE country’s industrial production posted a double-digit contraction in December – its biggest in 13 months, the Philippine Statistics Authority (PSA) reported this morning.