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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.

Onboarding the un(der)banked

With the emergence of the Internet in the 1990s and the improvement in broadband in the early 2000s, online banking has started becoming the norm.

Gov’t securities rally on BSP rate cut, euro bonds

GOVERNMENT SECURITIES extended their rally last week following the Bangko Sentral ng Pilipinas’ (BSP) interest rate cut and the Treasury’s euro bond sale.

Q1 GDP growth slowest in 4 years

PHILIPPINE gross domestic product (GDP) grew by 5.6% in the first quarter, its worst performance in four years, the Philippine Statistics Authority reported on Thursday.

Hiring, labor turnover eases

LABOR turnover at the country’s large firms eased in the fourth quarter as hiring slowed, according to a report by the Philippine Statistics Authority (PSA).

NEDA, UNICEF launch tracker for Sustainable Development Goals

THE NATIONAL Economic and Development Authority (NEDA) said it launched a a website tracking the Philippines’ progress in meeting the 2030 Agenda for Sustainable Development and its 17 Sustainable Development Goals (SDGs).

Profitability concerns weigh on Jollibee stock price

INVESTOR concerns on Jollibee Food Corp.’s profitability for the first half of the year made the company’s stock one of the most actively traded last week.

Gov’t finds fewer Filipinos poor

FEWER FILIPINOS were mired in poverty in the first half of 2018, the Philippine Statistics Authority (PSA) reported on Wednesday.

Investors continue to take cues from PLDT earnings report

INVESTORS continued to take positions on PLDT, Inc. stock last week following the release of the company’s annual earnings results early this month.

Gov’t debt yields decline on BSP policy easing bets

YIELDS ON government securities (GS) fell amid a risk-off tone in the market following lower inflation expectations and speculations that the central bank will cut its benchmark rates and banks’ reserve requirement ratio soon.

2019 a better year for financial markets despite headwinds — economists

ECONOMISTS expect local financial markets to rebound this year following a challenging 2018 even as uncertainties both at home and abroad remain.

Trade deficit narrows in December

THE COUNTRY’s trade-in-goods deficit narrowed in December to the smallest in three months as merchandise imports fell for the first time in 17 months, although this did not prevent the full-year gap from surging faster than in 2017, according to data the Philippine Statistics Authority (PSA)released on Tuesday.

Ayala Land gets lift after hiking stake in Laguna park

INVESTORS SNAPPED up Ayala Land, Inc. (ALI) shares last week following the disclosure of the developer’s plans to consolidate its interest in Prime Orion Philippines, Inc. (POPI) through Laguna Technopark, Inc. (LTI).

Yields on gov’t debt drop

YIELDS ON government securities fell last week amid a risk-off tone in the market following dovish sentiments by the US central bank and expectations for the Bangko Sentral ng Pilipinas (BSP) to keep rates steady, with inflation showing signs of slowing.

Bright prospects expected for Puregold in 2019

FOREIGN INVESTORS snapped up shares in Puregold Price Club, Inc., as the grocery retailer is expected to benefit from slower inflation and higher consumer spending.

Building approvals rise 16.7% in Q3 led by residential projects

THE NUMBER of approved building permits rose 16.7% in the third quarter to 42,111 projects, led by residential construction, the Philippine Statistics Authority (PSA) said.

San Miguel Corp. (SMC)

INVESTORS UNLOADED shares in San Miguel Corp. (SMC) last week after a court ruling ordering the return of assets acquired by several firms through the coconut levy fund, which include shares of the diversified conglomerate.

Yields on gov’t debt dip amid lower inflation

YIELDS on government securities last week declined, amid a lower-than-expected inflation reading for November.

Job quality improves in October despite increased unemployment

THE LATEST labor data in October bared a mixed picture as unemployment inched up, but the ranks of those wanting more work thinned.

Banks improve asset quality, but profitability slips

THE COUNTRY’s biggest banks saw their quality of assets improve in the third quarter even as their profitability and their capacity to absorb risky assets slipped.

Giving credit: the government and the country’s agriculture sector

Weather conditions may be unfavorable, crops may fail.

Offering a lending hand to agribusiness: A DBP Q&A

THE Development Bank of the Philippines (DBP) has been designated as the government’s infrastructure financing bank. Since then, it saw a double-digit expansion in its loan portfolio, with outstanding credit standing at P250.59 billion as of the first half this year. Of that amount, around 33% (P82.88 billion) was lent to the infrastructure and logistics sector.

Yields on gov’t debt dip

YIELDS on government securities (GS) dipped amid lower inflation expectations after the bicameral panel approved the rice tariffication bill last week, putting it a step closer to enactment.

ISM Communications Corp.

INVESTORS loaded up on Dennis A. Uy-led ISM Communications Corp. last week after the consortium formed by China Telecommunications Corp. and Mr. Uy’s companies Udenna Corp. and Chelsea Logistics Holding Corp. was named as provisional winner in the government’s search for the country’s third major telecommunications service provider.

Lingering price concerns push up gov’t debt yields

YIELDS ON government securities went up last week as investors stayed defensive due to inflation concerns.

OUTLIER: Metropolitan Bank & Trust Co. (MBT)

MACROECONOMIC CONCERNS dragged stocks, including that of Metropolitan Bank & Trust Co. (MBT), in the first trading week of October.