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Bicol’s economic growth outpaced NCR in 2019 — PSA

THE ECONOMY of the Bicol Region grew the fastest among the 17 Philippine regions last year, exceeding the growth rates posted by the capital...

ICTSI expansion turns investors bullish

EXPANSION plans of the company and optimism on global trade amid vaccine trials attracted market players to trade shares of International Container Terminal Service, Inc. (ICTSI).

Yields on gov’t debt drop

YIELDS ON benchmark government securities (GS) fell last week as the central bank hinted at further policy easing amid a benign inflation environment. 

Big banks face challenging 2nd quarter

AMID THE LIMITED economic activity in the second quarter, the country’s biggest banks became less profitable as they boosted loan loss reserves with soured loans on the rise and issued loans being the slowest in seven years.

Q2 foreign investment pledges lowest in 9 quarters

By Marissa Mae M. Ramos, Researcher Investment pledges made by foreign companies in the second quarter slumped to its lowest level in over two...

Yields on gov’t securities climb on inflation data

YIELDS ON government securities (GS) went up last week as market players took profit ahead of last Friday’s release of slower-than-expected August inflation data.

August inflation eases to 3-month low

By Marissa Mae M. Ramos, Researcher and Beatrice M. Laforga, Reporter Inflation eased to a three-month low in August amid improved supply as the economy...

Inflation hits 3-month low in August

INFLATION eased to a three-month low of 2.4% in August, bringing the average inflation to 2.5% so far this year, the Philippine Statistics Authority...

PHL slips in global outsourcing ranking; Davao out of top 100...

THE PHILIPPINES slipped in this year’s list of outsourcing destinations by global strategic firm Tholons, Inc. as the economy is among those hardest hit by the coronavirus disease 2019 (COVID-19) pandemic.

Is the CPI still ‘representative’ amid a pandemic?

DESPITE the change in consumption patterns brought by the coronavirus disease 2019 (COVID-19) pandemic, the need to tweak the theoretical basket of consumer goods and services used to measure inflation still remains in question.

Senior citizens out-of-pocket 59% on health expenses in 2018

SENIOR CITIZENS accounted for more than a fifth of total health expenditures in 2018 and were out-of-pocket on 59% of their expenses, the Philippine Statistics Authority (PSA) reported Monday.

Yields on gov’t debt end flat as market trades RTBs

YIELDS ON government securities (GS) ended flat last week as market players traded the newly listed five-year retail Treasury bonds (RTB) and on news of the central bank funding state debt.

GDP performance worst on record

By Marissa Mae M. Ramos Researcher THE Philippine economy shrank for the second consecutive quarter, plunging into a recession for the first time in nearly three...

Philippines plunges into recession, the first since 1991

The Philippine economy shrank for the second consecutive quarter, officially entering recession territory, data by the Philippine Statistics Authority (PSA) showed. The Philippine gross domestic...

1st quarter GDP drop faster than initially reported

THE PHILIPPINE ECONOMY in the first quarter declined at a faster pace than previously reported, the Philippine Statistics Authority (PSA) said a day before it announces preliminary figures for the second quarter.

Gov’t development scorecard shows mixed results

A PRELIMINARY government scorecard that monitors the Philippines’ progress in meeting development targets showed mixed results, the Philippine Statistics Authority (PSA) said.

Gov’t debt yields end flat

YIELDS OF government securities (GS) barely moved last week following the start of the government’s retail Treasury bond (RTB) sale. 

Tourism investment in 2019 at P569B

INVESTMENT in tourism totaled P569.09 billion in 2019, providing a pre-pandemic baseline for spending in an industry expected to undergo a long recovery in the next few years.

OUTLIER: ALI declines as market braces for new round of lockdown

INVESTOR concerns over stricter lockdown dragged property stocks, making Ayala Land, Inc. (ALI) the third most actively traded stock last week.

Philippine May external trade plummets

The country’s exports and imports continued to plunge in May amid a global coronavirus pandemic, the Philippine Statistics Authority (PSA) said on Friday. Merchandise exports...

Yields on gov’t debt decline on central bank’s move

YIELDS ON government securities (GS) ended lower last week following a surprise 50-basis-point (bp) cut by the Bangko Sentral ng Pilipinas (BSP) on Thursday.

NCR wholesale prices of construction materials ease further in May

THE rate of wholesale price growth of construction materials in Metro Manila eased in May, the Philippine Statistics Authority said.

Reopening the economy: Economists identify sectors to be prioritized

AS QUARANTINE restrictions ease around the country, a group of economists identified key industries that should be prioritized in reopening and securing assistance, based on their impact on the rest of the economy.

2018 tourism statistics hint at losses to come

THE Philippine Statistics Authority (PSA) now estimates tourism’s contribution to the economy in 2018 at nearly an eighth of Gross Domestic Product (GDP), pointing to the magnitude of the expected setback this year with travel devastated by the pandemic.

Coronavirus clouds financial outlook

THE SPREAD of the coronavirus disease 2019 (COVID-19) in the first quarter has put a damper on the performance of financial markets for the rest of the year.

OUTLIER: BDO Unibank investors take profit as gloomy prospects linger

ECONOMIC uncertainty brought about by the pandemic’s “new normal” prompted investors of BDO Unibank, Inc. to take profit, making it the fourth most actively traded issue last week.

PHL to miss poverty eradication goal

PRIOR to the coronavirus pandemic, the Philippines was on track to meet its targets for reducing unemployment and poverty.

Yields on government debt end mixed on profit taking

YIELDS ON government securities (GS) ended mixed last week amid remarks from the central bank chief that current policy rates are appropriate as well as speculations of an additional bond issuance.

Q1 FDI pledges lowest in two years

APPROVED foreign investment pledges in the first quarter fell to its lowest level in two years, preliminary data from the Philippine Statistics Authority (PSA) showed.

OUTLIER: Investors snatch up Puregold after earnings, MSCI inclusion

INVESTORS took positions on Puregold Price Club, Inc. last week with analysts attributing it to its earnings result and its addition to a global equity index.

Physical distancing will be ‘very costly’ for some firms

COMPANIES that rely on face-to-face interaction are likely to be more negatively affected by the implementation of physical distancing measures than other sectors, as fears over the coronavirus disease 2019 (COVID-19) persist, according to economists from the University of Asia and the Pacific (UA&P).

Yields on gov’t debt fall

MOVEMENTS OF US Treasury yields, coupled with bets of further easing from the Bangko Sentral ng Pilipinas (BSP), brought yields on government securities (GS) down across-the-board last week.

Wholesale prices of construction materials in NCR ease in April

THE wholesale price growth of construction materials in Metro Manila rose in April, albeit at a slower pace, the Philippine Statistics Authority (PSA) said on Friday.

Investors keen on MPIC as stocks rise after Duterte apology

METRO Pacific Investments Corp. (MPIC) was among the companies whose stocks saw renewed investor interest after President Rodrigo R. Duterte’s apology to Manuel V. Pangilinan and the Zobel brothers over his remarks about the businessmen’s companies in recent months.

Slower Q1 GDP growth seen — poll

PHILIPPINE gross domestic product (GDP) growth likely sharply slowed in the first three months of 2020, as the economy faced supply and demand shocks due to the coronavirus disease 2019 (COVID-19) pandemic, a BusinessWorld poll showed.

Gov’t debt yields decline

YIELDS ON government securities (GS) fell last week on expectations of rate cuts from the Bangko Sentral ng Pilipinas (BSP).

GNI for 2019 revised downwards after adoption of new base year

GROSS national income (GNI) was revised downward to 5.2% from 5.5% in 2019 after the adoption of the new 2018 base year, the Philippine Statistics Authority (PSA) said Friday.

NCR construction material prices rise in March

THE wholesale price of construction materials in the National Capital Region (NCR) rose 1.6% in March, the Philippine Statistics Authority (PSA) said.

Strong earnings, food prospects lift JG Summit

JG Summit Holdings, Inc. was among the most actively traded stock last week as investors took note of its robust earnings last year and positive sentiment on its food unit during the enhanced community quarantine (ECQ).

Factory output rebounds in February

By Marissa Mae M. Ramos, Researcher FACTORY production rebounded in February, rising at its fastest pace in 18 months, the Philippine Statistics Authority (PSA) reported...

PLDT ‘intact’ as pandemic boosts data services demand

PLDT, INC. was one of the most actively traded stocks last week as investors expected the company’s earnings to at least be sustained amid the enhanced community quarantine (ECQ) by way of higher demand for data services among households.

Household consumption to take hit amid coronavirus pandemic

ANNA CRUZ, a mother of two, has been struggling to feed her family since last week when Luzon was placed under enhanced community quarantine in order to contain the spread of the coronavirus disease 2019 (COVID-19) in the country.

Exports growth outpaces imports rise in January

THE COUNTRY’S trade-in-goods deficit narrowed in January as merchandise export growth outpaced the increase in imports, the Philippine Statistics Authority (PSA) reported on Tuesday.

Construction starts decline in Q4 2019

CONSTRUCTION STARTS, based on approved building permits, declined by 7.7% year on year in the fourth quarter of 2019 amid fewer residential projects during the period, data by the Philippine Statistics Authority (PSA) showed.

Debt yields decline on BSP easing bets

YIELDS ON government securities (GS) fell across-the-board last week following comments by Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno on the possibility of cutting key policy rates by more than 25 basis points (bps) to shield the economy from the negative economic impact of the coronavirus disease 2019 (COVID-19) outbreak.