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Negative investor sentiment pulls down ISM’s share price

INVESTORS sold off ISM Communications Corp. shares last week with analysts attributing the movement to overall negative market sentiment as well as news on Dito Telecommunity Corp.’s possible delay in its commercial operations.

Trade gap narrows in December

EXPORTS of Philippine goods grew at its fastest pace in more than two years in December, narrowing the country’s trade deficit to a six-month low amid a continued decline in imports, the Philippine Statistics Authority (PSA) reported on Tuesday.

Yields on gov’t securities decline on BSP rate cut

YIELDS ON government securities fell almost across-the-board last week following the central bank’s decision to cut benchmark rates by a quarter of a percentage point.

Factory output continues slump, down for 13th straight month in Dec.

INDUSTRIAL PRODUCTION extended its declining streak to the 13th straight month in December, the Philippine Statistics Authority (PSA) reported on Wednesday, with economists attributing the continued slump to tepid global demand.

Expectations of profitability boost PhilWeb’s stock price

PHILWEB Corp. was among the most actively traded stocks last week with traders taking their cue from news regarding the firm being in talks with an online gaming provider in a bid to return to profitability this year.

GDP growth falls to 8-year low in 2019

THE PHILIPPINE ECONOMY grew by 6.4% in the fourth quarter, its fastest pace for 2019 on the back of robust household spending and a rebound in government spending, but was not enough to hit the full-year goal, the Philippine Statistics Authority (PSA) reported yesterday.

Inflation impact on poor picks up in Nov.

INFLATION, as experienced by low-income families, accelerated in November after five straight months of slowing down, the Philippine Statistics Authority (PSA) reported on Monday.

Yields on local gov’t debt track US Treasuries’ rates

YIELDS on local government securities (GS) traded at the secondary market ended mixed last week as they tracked US Treasuries following the news of an impeachment case against US President Donald J. Trump.

Domestic trade rises over 20% by value in third quarter

DOMESTIC TRADE rose 20.1% year-on-year by value in the third quarter led by machinery and transport equipment, despite nearly flat volumes overall, according to the Philippine Statistics Authority (PSA).

DMCI continues slide as government cancels extension of water concession deals

THE government’s decision to revoke the extension of the concession agreements with Metro Manila’s two water providers last week led investors to sell their shares in affected listed firms, such as DMCI Holdings, Inc. which has a minority stake in Maynilad Water Services, Inc.

Oct. finds fewer Filipinos jobless, though underemployed ranks grow

THE LATEST official labor data showed the ranks of jobless Filipinos decreasing in October, though those wanting more work to augment income increased slightly, the Philippine Statistics Authority (PSA) reported on Thursday.

Bank stocks back on menu on strong earnings

AMID strong earnings results for banks and market expectations on lower borrowing costs, analysts are once again warming up to bank stocks.

Gov’t debt yields flat without leads

YIELDS on government securities (GS) once again ended flat last week from week-ago levels as investors wait for fresh leads that would spur demand for the debt papers.

Economists see pickup in GDP growth

THE COUNTRY’s economic growth should have recovered in the third quarter on the back of household consumption and improved government spending, according to economists asked by BusinessWorld late last week, but hitting the government’s full-year target will likely still be a challenge.