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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.

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.