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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.
THE rate of wholesale price growth of construction materials in Metro Manila eased in May, the Philippine Statistics Authority said.
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.
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.
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.
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.
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.
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).
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.
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.
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.
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.
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.
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.
EMPLOYMENT growth among large Metro Manila firms accelerated in the second quarter of 2019, the Philippine Statistics Authority (PSA) said.
“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.
PHILIPPINE RICE imports are expected to decline this month amid a slowdown in overseas purchases, the US Department of Agriculture (USDA) said.
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.
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.
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.
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 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.
POLICY UNCERTAINTY surrounding the property sector led some market players to take profits on Ayala Land, Inc. (ALI) stocks last week.
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.
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.
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.