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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.

Net job creation rate rises to 1.1% in 2nd quarter in...

EMPLOYMENT growth among large Metro Manila firms accelerated in the second quarter of 2019, the Philippine Statistics Authority (PSA) said.

Banking on MSMEs: Making business loans easy

“WE HAD A MOTHER and son team who have been managing a gas service station in the Visayas. They would often use their credit cards for their fuel purchases and would regularly pay every two months. They never went to a bank for financing because they did not want to be bothered by too many documentary requirements and continuous negotiations,” shared Bank of the Philippine Islands (BPI) Business Banking Head Eric Luchangco in an e-mail interview with BusinessWorld regarding one of their clients’ experience.

PHL stocks to move sideways amid uncertainties

TRADING at the local bourse is seen to stay quiet as market players await developments that would reduce uncertainties.

Local shares down 1.6% as virus spooks investors

THE main index edged lower on Friday as investors continue to worry over the coronavirus disease 2019 (COVID-19) outbreak.

PHL Feb. rice imports expected to decline to 2.5 million MT

PHILIPPINE RICE imports are expected to decline this month amid a slowdown in overseas purchases, the US Department of Agriculture (USDA) said.

Rice inventory up 4.9% as NFA stocks surge

RICE held in inventory totaled 2.675 million metric tons (MT) at the start of the year, up 4.9%, driven by increased holdings by the National Food Authority (NFA), the Philippine Statistics Authority (PSA) said Monday.

2% agri output growth achievable despite ASF

THE Department of Agriculture (DA) hopes to achieve a two percent growth in agricultural production this year despite failing to meet the target in 2019 as the African Swine Fever (ASF) outbreak is seen to continue weighing on the livestock sector.

PSA chief stands by choice of 2018 as base year for...

THE Philippine Statistics Authority (PSA) is confident in using 2018 prices as the base for measuring the country’s gross domestic product (GDP), saying that there are no implications in doing so despite multi-year high inflation rates during that year.

PHL labor productivity lags in region

PRODUCTIVITY among the Philippines’ employed labor force amounted to $20,671 per worker in 2019, an improvement from the previous year but still lagging behind regional peers such as Malaysia, Thailand, and Indonesia, data from the World Bank’s World Development Indicators database showed.

Residential sector leads decline in construction starts

CONSTRUCTION starts, as measured by approved building permits, fell 3.1% year-on-year in the third quarter, dampened by reduced applications to build residences, the Philippine Statistics Authority (PSA) said Friday.

Yields on gov’t debt up on inflation, US-Iran tensions

YIELDS ON government securities (GS) increased across-the-board last week amid developments abroad and at home, namely the escalation of tensions in the Middle East and faster domestic inflation.

December inflation fastest in six months

THE OVERALL year-on-year increase in prices of widely used goods picked up for the second straight month in December by its fastest pace in six months, the government reported on Tuesday.

Outlier: Profit taking drags Ayala Land stocks lower

POLICY UNCERTAINTY surrounding the property sector led some market players to take profits on Ayala Land, Inc. (ALI) stocks last week.

Unemployment, underemployment decline in 2019

THE unemployment rate declined to 5.1% in 2019 from 5.3% a year earlier, while underemployment -- an indicator of job quality -- also fell to their lowest levels in 14 years, the Philippine Statistics Authority (PSA) said.

Rich-poor income gap narrows in 2018

THE INCOME GAP between the richest and poorest Filipino families narrowed in 2018 but remained substantial even amid significant increases in family income and savings, the Philippine Statistics Authority (PSA) said.

PHL lags in global education survey

FILIPINO STUDENTS fared poorly in a survey that ranks 79 participating economies according to their performance in reading, science and math.

Debt yields close flat on US-China, BSP rate bets

YIELDS ON government securities (GS) continued to be flat last week amid mixed developments in the US-China trade talks and the statement of the Philippine central bank chief hinting on the possibility of another rate cut this year.

Who’s ready for PIFITA?

THE MEASURE TO SIMPLIFY the taxation of passive income, financial services and transactions was borne out of the need to be more competitive in attracting foreign capital and investments in order to finance infrastructure projects and promote inclusive growth through generation of more and higher quality jobs.

Expectations of better third-quarter earnings drive Ayala Land’s stock movement

AYALA LAND, Inc. (ALI) was the seventh most actively traded stock last week, ahead of the release of the company’s earnings report this week.

Yields on government debt drop on hints of RRR cuts

YIELDS ON government securities fell as investors wait for catalysts after the Bangko Sentral ng Pilipinas (BSP) hinted on an additional cut in banks’ reserve requirement ratio (RRR) before yearend.

Government debt yields end mixed after rate cut

YIELDS on government securities (GS) ended mixed last week as market players reacted to the developments between the US and China as well as BSP’s interest rate cut.

Investors unload Phinma Energy Corp. shares after the planned stock rights...

By Marissa Mae M. Ramos Researcher NEWS of Phinma Energy Corp.’s (now AC Energy Philippines, Inc.) plans to fuel its expansion through a stock rights offering...

Yields on government debt end higher on profit taking

YIELDS ON government debt securities ended higher last week as profit taking prevailed among market players ahead of the release of August inflation data.

More Filipinos unemployed but job quality better in July

LATEST labor data show the ranks of jobless Filipinos increased in July, but at the same time, the number of employed Filipinos wanting more work dropped to an all-time low, the Philippine Statistics Authority (PSA) reported yesterday.

Now’s stock price rises on fourth telco player ambition

INVESTORS took positions on Now Corp. following news of its affiliate’s collaboration with a Singapore-based firm for a nationwide fiber rollout, which is seen bolstering the company’s ambition to become the fourth major telecommunications player.

Financial markets outlook optimistic for the second half of 2019

By Marissa Mae M. Ramos Researcher ECONOMISTS expect financial markets in the second half to bounce back from the challenging first half amid anticipations of further...

Analysts remain selective on bank stocks

ANALYSTS remain selective on bank stocks amid mixed earnings performance and the differing impacts of loosening monetary policy and ongoing trade tensions on their bottom lines.

ADB pushes results-based lending scheme

WEST NUSA TENGGARA, INDONESIA -- “After 70 years of the freedom of Indonesia, we can finally understand its meaning... free from darkness,” said Wahidin, a village chief in the fishing community of Kwangko, which is among the beneficiaries of the Asian Development Bank’s (ADB) results-based lending (RBL) scheme that links disbursements of funds to achievement of target outputs in covered government programs.

OUTLIER: Investors unload SMPH shares on market jitters

SM PRIME Holdings, Inc. (SMPH) was among the most traded stocks last week due to a slew of factors that may adversely affect the company’s bottom line in the short term such as the lower-than-expected second-quarter economic growth, the renewed escalation of US-China trade tensions, and statements of the Chinese Embassy signaling a crackdown of its citizens’ offshore gambling activities in the country.

Q1 agriculture, service growth revised lower

FIRST-QUARTER economic expansion was maintained at 5.6% even as the growth of services as well as of agriculture and allied sectors in that period was less than initially reported, the Philippine Statistics Authority (PSA) said a day before it reports preliminary estimates for second-quarter gross domestic product performance.

July inflation slowest in 31 months

INFLATION eased further in July, the Philippine Statistics Authority (PSA) reported on Tuesday, lending support to expectations for the central bank to continue loosening monetary policy.

Yields on government debt decline across the board

GOVERNMENT DEBT YIELDS went down across the board due to market anticipation of rate cuts from the Bangko Sentral ng Pilipinas (BSP) and the US Federal Reserve amid the release of key macroeconomic data in the coming weeks.

Scorecard bares mixed dev’t gains

A GOVERNMENT SCORECARD that tracks the Philippines’ progress in meeting economic development targets showed the government making strides in curbing anti-competitive practices and promoting ecological integrity, but performing poorly in agriculture, governance and culture.

Trade-in-goods gap narrows in May

THE COUNTRY’s trade-in-goods deficit narrowed in May as a slight export growth steadied while imports contracted, the Philippine Statistics Authority (PSA) reported on Wednesday.

Investors take positions as RRHI considers exit from fashion to focus...

NEWS OF Robinsons Retail Holdings, Inc.’s (RRHI) plans to exit from the fashion business and instead focus on pet care, health, and beauty products made the company one of the most actively traded stocks last week.

Labor turnover peaks in 2018 second quarter

EVERY quarter of 2018 posted net employment gains, with the labor turnover rate peaking in the second quarter, the Philippine Statistics Authority (PSA) said Friday.

Yields on gov’t debt drop on dovish Fed, BSP meet

YIELDS ON government securities went down last week due to dovish remarks from the US Federal Reserve and the Bangko Sentral ng Pilipinas’ (BSP) decision to stand pat on policy and slash its inflation forecasts.

Gross revenue across key industries up 8.1% in Q1

REVENUE across all industries grew in the first quarter of 2019 as stronger sales were reported across key industries, the Philippine Statistics Authority (PSA) reported yesterday.

Price hikes bigger than expected in May

AGAINST EXPECTATIONS, inflation accelerated in May following six consecutive months of slowdown, the Philippine Statistics Authority (PSA) reported yesterday.

Investors snap up Globe shares as telco stands by Huawei amid...

INVESTORS bought Globe Telecom, Inc. shares last week following the company’s announcement it will continue to partner with Huawei Technologies Co. Ltd. despite the United States placing the Chinese tech giant on a trade blacklist.