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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.
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.
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 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.
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).
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.
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.
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.
THE COUNTRY’s biggest banks were less profitable last quarter even as growth in assets and capacity to absorb risky assets improved.
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 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.
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 government securities (GS) fell almost across-the- board last week following the release of slower-than-expected inflation data for September.
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).
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 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.
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, as experienced by low-income families, softened at its slowest pace in 23 months in July, according to the Philippine Statistics Authority.
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.
BETTER EARNINGS and renewed investor interest made JG Summit Holdings, Inc. one of the most active stocks at the stock exchange last week.
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.
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 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.
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.
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.
INVESTORS bought PLDT, Inc. shares last week given the attractiveness of the company’s growth prospects.
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.
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