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Factory output declines for third straight month

FACTORY OUTPUT declined for the third straight month in May although the pace of contraction slowed, the Philippine Statistics Authority (PSA) reported on Tuesday.

Factory output continues to decline

FACTORY OUTPUT declined for the third straight month in May, the Philippine Statistics Authority (PSA) reported earlier this morning. Preliminary results of the PSA’s latest...

Yields on gov’t debt drop

YIELDS ON government securities declined last week amid lingering effects of the surprise half-percentage-point cut by the Bangko Sentral ng Pilipinas (BSP).

OUTLIER: Investors lukewarm on Alliance Global as pandemic woes persist

INVESTORS remained lukewarm on Alliance Global, Inc. despite the diversified conglomerate’s report of a double-digit income growth last year as the pandemic cast a long shadow to its profitability this year.

NCR construction materials retail price growth accelerates

THE growth in retail prices of construction materials in the National Capital Region (NCR) picked up in May, the Philippine Statistics Authority (PSA) said Thursday.

Debt yields rise on fresh US stimulus

YIELDS ON government securities (GS) went up as investors reacted to additional US stimulus packages unveiled last week.

Tourism contribution to national output in 2019 biggest since at least...

By Lourdes O. Pilar, Researcher THE TOURISM industry's contribution to the economy grew in 2019, Philippine Statistics Authority (PSA) data released on Friday showed. Preliminary data...

Gross revenue index declines in Q1 — PSA

REVENUE across all industries declined in the first quarter, the Philippine Statistics Authority (PSA) reported on Thursday.

Pag-IBIG Fund in the time of COVID-19 (A Q&A with Pag-IBIG...

THE NEED for a national savings program and affordable home financing for working class Filipinos led to the creation of the Home Development Mutual Fund, or more known as the Pag-IBIG (Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya at Gobyerno) Fund on June 11, 1978.

PHL external trade plunges in April

PHILIPPINE international trade performance further shrank in April as the coronavirus disease 2019 (COVID-19) pandemic and the global lockdown restrictions constricted trade activity, the Philippine Statistics Authority (PSA) reported on Wednesday.

OUTLIER: Profit taking drags Globe Telecom stock lower

PROFIT taking drove much of Globe Telecom, Inc.’s stock activity last week.

Yields on gov’t debt fall amid safe-haven demand

YIELDS ON government securities (GS) traded in the secondary market went down last week amid strong demand as investors continue to look for safer investments.

Construction materials price growth in Metro Manila eases in April

GROWTH in the retail price of construction materials in Metro Manila eased in April after the lockdown depressed demand for these goods, the Philippine Statistics Authority (PSA) said.

Inflation impact on poor picks up in April

INFLATION, as experienced by low-income families, accelerated in April as lockdown measures were implemented to contain the spread of the coronavirus disease 2019 (COVID-19), the Philippine Statistics Authority reported on Thursday.

Investors remain upbeat on Ayala Corp.

IMPROVED investor sentiment made Ayala Corp. one of the most actively traded stock in the exchange last week after President Rodrigo R. Duterte’s apology to the Zobel brothers earlier this month.

Virus ends 21-year growth streak

THE Philippine economy unexpectedly shrank in the first quarter, as strict lockdown measures aimed at containing the coronavirus outbreak brought economic activity to a near standstill, the Philippine Statistics Authority (PSA) reported on Thursday.

Yields on gov’t debt fall

YIELDS ON government securities (GS) fell last week as investors continued to digest the Bangko Sentral ng Pilipinas’ (BSP) off-cycle half-percentage-point interest rate cut.

2019 growth expansion scaled up using 2018 prices

THE ECONOMY grew faster than previously estimated last year using 2018 as the base year in measuring the country’s gross domestic product (GDP), the Philippine Statistics Authority (PSA) reported on Monday.

Investors pick up Jollibee stock on a bargain, but some see...

INVESTORS pounced on the Jollibee Foods Corp. stock last week as they took advantage of its attractive valuation following weeks of sell-offs.

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.