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Inflation slows in March

THE overall rise in prices of widely used goods and services eased in March, the Philippine Statistics Authority (PSA) reported on Tuesday. March saw headline...

Yields on gov’t debt drop

YIELDS ON government securities (GS) ended mixed last week after the Bangko Sentral ng Pilipinas (BSP) unveiled a series of monetary stimulus to arrest the economic fallout wreaked by the coronavirus disease 2019 (COVID-19).

MinDA launches program to manage local food surpluses

DAVAO CITY -- The Mindanao Development Authority (MinDA) has launched a program to directly connect local government units (LGUs) in the southern islands with suppliers of agricultural produce, with the aim of identifying local surpluses and transferring them to LGUs in need.

Panic selling pulls down SM Prime

PANIC SELLING among investors prevailed during the shortened trading week amid continued pandemic uncertainty, making Sy-led SM Prime Holdings, Inc. one of actively traded issues last week.

All-industry revenue growth eases in 4th quarter

REVENUE across all industries grew in the fourth quarter, but growth slowed compared to year-earlier levels, the Philippine Statistics Authority (PSA) said.

PHL remains among weakest in rule of law

PHILIPPINE rule of law has remained one of the weakest in East Asia and the Pacific, according to an annual survey of the World Justice Project (WJP).

January finds better quality of jobs although unemployed ranks grow

LATEST official labor data showed the ranks of Filipinos wanting more work to augment income declined in January, although those that were left without jobs increased, data from the government’s statistical agency showed.

Going green and sustainable

SUSTAINABLE FINANCE or green finance has been gaining traction across the financial value chain due to its economic benefits with environmental, social and governance considerations. Due to its appeal of bringing both sustainability-positive outcomes and investible returns, it is perceived as one of the tools mobilizing capital from the private sector, thereby, filling financing gaps that government funds and development assistance may not be able to fully provide.

Investors sell MacroAsia shares after award of Sangley airport project

INVESTORS sold MacroAsia Corp. shares following news of the company, along with its Chinese partner China Communications Construction Co. Ltd. (CCCC), being awarded the contract to develop Sangley airport in Cavite.

Investment pledges hit record high

FOREIGN INVESTMENT pledges received by the country’s investment promotion agencies (IPAs) surged to a record high in 2019, data by the Philippine Statistics Authority (PSA) showed.

Over 214,000 Metro Manilans emerge from poverty in 2018

MORE THAN 200,000 Filipinos in Metro Manila made it past the poverty threshold in 2018, according to new data derived from poverty incidence estimates by the Philippine Statistics Authority (PSA).

Gov’t seen to have missed GDP goal

THE PHILIPPINE ECONOMY likely grew in the fourth quarter at its fastest pace for 2019 on the back of robust household spending and a rebound in government spending, but not enough to hit its full-year goal, BusinessWorld’s latest poll of economists showed.

Outlier: Jollibee stock a bargain after slide in 2019, say analysts

DESPITE investors unloading shares of Jollibee Foods Corp. for the majority of 2019 due to profitability concerns, the stock may once again be back on the shopping list with one analyst saying the current stock price is already at a bargain.

Yields on gov’t debt flat

YIELDS ON government securities (GS) traded in the secondary market ended flat last week as investors await new market cues amid the holiday season.

PHL drops out of top 10 in gender gap report

THE PHILIPPINES dropped in an annual index designed to measure the magnitude of gender-based disparities and monitor countries’ progress in narrowing them.

Top 1000 firms on a roll in 2018 despite inflation spoiler

PHILIPPINE COMPANIES continued to record double-digit earnings in 2018 despite last year’s challenges that included the almost runaway inflation that contributed to deceleration of the domestic economy and external risks.

Banks show smaller returns in Q3 despite faster asset growth

THE COUNTRY’s biggest banks were less profitable last quarter even as growth in assets and capacity to absorb risky assets improved.

Strong fundamentals to lift financial markets; gov’t spending to support economic...

LOCAL financial markets performed well for the most part in the third quarter, buoyed by positive developments at home amid a slew of uncertainties abroad.

Semirara Mining continues to face regulatory challenges

SEMIRARA Mining and Power Corp. (SMPC) was among the most actively traded stocks last week, after the Department of Energy (DoE) issued a suspension of Consunji-led company’s coal trading activities for one month and coal mining operations due to a mudflow incident in Semirara island.

Yields on gov’t debt flat

GOVERNMENT BOND yields barely changed last week even with lower inflation and faster-than-expected economic growth in the third quarter.

Yields on gov’t debt rally

YIELDS ON government securities (GS) fell last week as market players reacted to another cut in banks’ reserve requirement ratios (RRR).

Better net earnings boost Ayala-led BPI’s share price

AYALA-LED Bank of the Philippine Islands (BPI) was among the most actively traded stock last week as investors take cue from the lender’s good third-quarter earnings.

Yields on gov’t securities decline across-the-board

YIELDS ON government securities (GS) fell almost across-the- board last week following the release of slower-than-expected inflation data for September.

POGO crackdown, RWM delisting weigh on AGI stocks

THE government’s crackdown on Philippine offshore gaming operators (POGO) weighed on Alliance Global Group, Inc. (AGI), making it one of the most actively traded stocks last week.

Inflation for bottom-30% income bracket falls further in Aug.

INFLATION as experienced by low-income families, cooled further in August to its slowest rise in nearly three years, according to the Philippine Statistics Authority (PSA).

Gross revenue growth across key industries eases in the second quarter

REVENUE across all industries grew in the second quarter, albeit at a slower pace compared to a year ago, the Philippine Statistics Authority (PSA) reported yesterday.

Yields on government debt climb to track US Treasuries

YIELDS ON government securities (GS) increased across the board last week as they tracked the movement of US Treasuries following news of a potential trade deal between the US and China.

Trade-in-goods deficit narrows in July — PSA

THE COUNTRY’s trade-in-goods deficit narrowed in July as merchandise exports grew at their fastest pace in nine months while imports declined, the Philippine Statistics Authority (PSA) reported on Tuesday.

Nickel Asia’s stock price soars on earnings prospects following Indonesia’s nickel...

INVESTORS took positions on Nickel Asia Corp. following the news of Indonesia’s ban on nickel exports, in which the company is seen to benefit in increase ore production in order to supply the market demand.

Inflation impact on the poor eases further in July — PSA

INFLATION, as experienced by low-income families, softened at its slowest pace in 23 months in July, according to the Philippine Statistics Authority.

Crisis-proofing the Philippine financial system

IT HAS BEEN MORE THAN A DECADE since the last global financial crisis. The 2008 crisis had started in the US subprime mortgage market, which crept into financial markets and led failing banks to either be rescued by governments or be closed down. However, the Philippine banking system was relatively insulated with bank failures contained within the rural banking sector whose small assets relative to the total sector’s resources posed little to no systemic risk.

Debt yields end mixed ahead of Powell speech

DEVELOPMENTS abroad caused yields on government securities (GS) to end flat last week as investors awaited the pronouncements from the US central bank on the direction of its monetary policy moving forward.

Better earnings make JG Summit an attractive stock — analysts

BETTER EARNINGS and renewed investor interest made JG Summit Holdings, Inc. one of the most active stocks at the stock exchange last week.

June trade deficit smallest in 15 months on import decline

THE COUNTRY’s trade-in-goods gap in June shrank to its smallest amount in 15 months as imports declined by a double-digit rate while exports rode bigger earnings from electronic products.

Manufacturing’s weakness persists

FACTORY OUTPUT in the country extended its declining streak to seven months in June, the government reported on Tuesday.

Investors snap up BPI stocks on Fed, BSP easing bets

BETS on monetary policy easing at home and abroad led investors to snap up bank stocks including the Bank of the Philippine Islands (BPI), making it one of the most actively traded last week.

Yields on government debt fall as inflation slows in June

YIELDS ON government debt papers traded at the secondary market fell across the board last Friday as they tracked auction results and the better-than-expected June inflation data.

ICTSI stock price rises on planned terminal expansion in Croatia, net...

INVESTORS snapped up shares of International Container Terminal Services, Inc. (ICTSI) on news its subsidiary in Croatia has started a year-long expansion of its terminal at the Port of Rijeka to accommodate larger vessels.

Per capita household spending growth slows

GROWTH of household spending slowed to 3.9% in 2018, with nine out of 17 regions posting slower growth rates and one recording a decline, according to data the Philippine Statistics Authority released on Thursday.

Full foreign bank entry, (almost) five years in

UP UNTIL May 1994, no foreign bank was permitted to enter the country apart from four foreign lenders that were already operating at that time. In February 1995, the Bangko Sentral ng Pilipinas (BSP), under Republic Act (RA) No. 7721, approved the application of 10 out of 22 foreign banks that had expressed interest. Under RA 7721, only when one of the 10 banks pulls out could another offshore lender enter the Philippine financial system.

OUTLIER: Investors load up on PLDT shares on expectations of sustained...

INVESTORS bought PLDT, Inc. shares last week given the attractiveness of the company’s growth prospects.

Inflation slowest in 16 months in April

INFLATION eased for the sixth straight month to its slowest pace in 16 months in April, the Philippine Statistics Authority (PSA) reported on Tuesday, giving more room for the central bank to loosen monetary policy.

Bicol tops regions in economic growth

THE ECONOMY of Bicol Region grew the fastest among the 17 Philippine regions in 2018, exceeding the growth rate posted by the capital as well as the national average.

Yields climb on easing bets ahead of break

YIELDS ON government securities (GS) rose slightly last week amid expectations of monetary policy easing and continued global market correction as well as the holiday-shortened trading week.

Investors unload Cemex Philippines stocks over potential stock rights offering

NEWS of Cemex Holdings Philippines, Inc.’s plans to more than triple its authorized capital stock as part of efforts to raise funds through a potential stock rights offering (SRO) made the Cemex stock one of the most actively traded last week.