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The funds must flow: Capital raising in the time of crisis

THE UNCERTAINTY caused by the coronavirus disease 2019 (COVID-19) pandemic has pushed some big firms and investors into the defense by cutting back on capital-raising activities and retreating towards safe-haven investments. Despite the pandemic, raising funds through capital markets is still possible, analysts said.

Cemetery of Forgotten Books author Carlos Ruiz Zafón, 55

CARLOS Ruiz Zafón, the Spanish author of internationally best-selling novel The Shadow of the Wind, has died. He was 55.

High-tech, low-touch: Banking under the ‘new normal’

IN THE BUSINESS lexicon, “high-tech, low-touch” refers to the process that involves high levels of automation accompanied by low-level or no personal interaction.

Coronavirus casts shadow on bank stocks

ANALYSTS were mixed on the prospects for owning bank stocks as the coronavirus disease 2019 (COVID-19) pandemic puts a damper on earnings.

Inflation eases to six-month low in May

The overall increase in prices of widely used goods and services eased to a six-month low in May, the Philippine Statistics Authority (PSA) reported...

External trade plummets in March

THE COUNTRY’S international trade performance fell significantly in March as the restrictions imposed to arrest the spread of the coronavirus disease 2019 (COVID-19) outbreak in the middle of the month led to exports and imports shrinking to multi-year lows, the government reported on Wednesday.

Factory production contracts in March

FACTORY OUTPUT contracted in March, dropping to its lowest reading in three months as the enhanced community quarantine (ECQ) implemented in mid-March halted economic activity in Luzon, the Philippine Statistics Authority (PSA) reported on Tuesday.

BDO Unibank not spared by last week’s massive sell-off as investor...

INVESTORS, spooked by the coronavirus disease 2019 (COVID-19) pandemic, prompted massive sell-offs, making BDO Unibank, Inc. one of the most actively traded issues last week.

Yields on government debt drop on Fed emergency cut

YIELDS ON government securities (GS) declined further last week after the US Federal Reserve implemented an emergency half-percentage-point cut to its key rates to counter the impact of the spread of the coronavirus disease 2019 (COVID-19).

Financial markets take breather in Q4, but headwinds remain

THE FOURTH QUARTER of 2019 saw local financial markets performing relatively sideways with positive factors at home such as the inflation slowdown and catch-up government spending partly cushioning the impact brought by developments abroad.

Gov’t debt yields drop on BSP bets

YIELDS ON government securities (GS) went down last week after the Bangko Sentral ng Pilipinas (BSP) signaled another rate cut as early as the second quarter.

Jan. inflation fastest in 8 months

THE overall year-on-year increase in prices of widely used goods picked up for the third straight month in January by its fastest pace in eight months, the government reported on Wednesday.

Calabarzon preferred destination for Filipino migrants

CALABARZON, Metro Manila, and Central Visayas are the top preferred destinations among Filipinos wanting to migrate to other regions in the next five years, according to the government’s inaugural national migration survey.

Inflation for poor households eases to two-year low in 2019

THE year 2019 saw inflation as experienced by low-income families fall to its lowest level in two years despite picking up in December, the Philippine Statistics Authority (PSA) reported on Friday.

Yields on government debt rise on inflation concerns

YIELDS ON benchmark government securities (GS) increased last week, fueled heavily by inflation concerns amid the still-ongoing Taal Volcano eruption.

JG Summit’s share price down after raising stake in PLDT

THE recent purchase of PLDT, Inc. shares by Gokongwei-led JG Summit Holdings, Inc. made the latter one of the most actively traded stocks last week with investors deciding to take profits.

Imports extend slump to 8th straight month in November

LATEST government data showed imports declining for the eighth straight month in November while exports were flat, the Philippine Statistics Authority (PSA) reported on Friday.

PHL human dev’t improves but lags

THE PHILIPPINES remained at the bottom half of an index that tracks human development across economies despite an improvement in overall score, according to a United Nations report released on Monday.

MPIC weighed down by Duterte remarks on water firms

PRESIDENT Rodrigo R. Duterte’s tirade against Metro Manila’s water concessionaires last week led investors to unload shares of Metro Pacific Investments Corp. (MPIC) as it is the controlling stakeholder of water firm Maynilad Water Services, Inc.

Factory output registers 11th straight decline in Oct.

MANUFACTURING output declined once more in October, extending its streak to eleven months, the government said Thursday.

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.

Banking on electricity: the payoff of power-related loans

ONE doesn’t tend to think about where the modern conveniences of life come from. Among the things we take for granted is the dependence on electricity in day-to-day living.

Yields on gov’t debt flat on Fed cut

YIELDS ON government securities (GS) ended flat after the US Federal Reserve cut its rates for the third time this year, as widely expected.

Investors unload URC shares after lower-than-expected Q3 earnings

GOKONGWEI-LED Universal Robina Corp. (URC) was among the most traded stocks last week as investors started to unload some of their shares after the company’s third-quarter earnings fell below expectations.

Investment in Tim Ho Wan brand drives Jollibee’s stock price

NEWS on Jollibee Foods Corp.’s increased investment in the owner of the Asia Pacific master franchise for Tim Ho Wan drove market activity for the former’s stock last week.

Yields on gov’t securities inch up on US-China, Fed

YIELDS ON government securities (GS) went sideways last week as the trade spat between the United States and China eased ahead of the meeting between the two countries’ trade deputies.

MPIC hospital unit’s listing plans drive stock price movement

PLANS OF Metro Pacific Hospital Holdings, Inc. (MPHHI) to embark on an P83.3-billion maiden share sale drove the stock movement of parent Metro Pacific Investments Corp. (MPIC) last week.

Overall price increase in August slowest in 3 years

INFLATION clocked in at its slowest pace in three years in August amid a softer increase in food prices, particularly rice, the Philippine Statistics Authority (PSA) reported on Thursday.

PSA: Manufacturing declines for eighth straight month in July

FACTORY OUTPUT once again declined in July, extending its contracting streak to eight straight months, the government reported on Thursday.

Poll bares view of even slower inflation

THE GENERAL INCREASE in prices of goods and services used by average Filipinos is expected to have cooled further last month amid slowing food prices as well as base effects.

Peso may strengthen vs dollar on slower Aug. inflation print

THE PESO is likely to perform stronger this week amid expectations of a slower August inflation print.

August inflation rate seen easing to as low as 1.3%

THE general increase in prices of widely used goods may have slowed further in more than three years due to lower fuel, rice, and power prices in August, the central bank said on Friday.

Duterte inks law regulating Islamic banks

PRESIDENT Rodrigo R. Duterte last week signed into law the regulatory framework for Islamic banks in the Philippines.

Peso strengthens ahead of first round of US tariffs

THE PESO ended stronger on Friday ahead of the first tranche of the planned tariffs by the United States on some Chinese-made goods on Sept. 1.

Filipinos starting to go cashless — Visa

IN A COUNTRY where cash still remains king, majority of Filipinos are starting to embrace cashless payments, Visa, Inc. said in a report.

Peso strengthens on profit taking ahead of likely weak US GDP...

THE PESO finished stronger on Thursday ahead of an expected downward revision in US economic growth data.

TDF yields rise on weak demand

WEAK APPETITE for term deposits pushed yields higher on Wednesday as bids for the facility continued to fall below the central bank’s offer for this week.

PDIC sells P223.1M worth of assets

THE PHILIPPINE Deposit Insurance Corp. (PDIC) sold P223.1 million worth of properties held by 533 shuttered banks through six public biddings from January to July this year.

Peso down on BSP easing bets

THE PESO edged lower on Wednesday as the Bangko Sentral ng Pilipinas (BSP) chief hinted on another rate cut this year.

BSP chief preps mart for another rate cut

THE MARKET can expect more monetary policy easing in the remaining months of the year, in terms of tweaks to benchmark interest rates and banks’ required reserves, the central bank chief told economic journalists in a forum on Tuesday.

Dirty money watchdog told to study economic impact of halting POGOs

THE Anti-Money Laundering Council (AMLC) is studying the economic effects of a prospective government decision to close down Philippine offshore gaming operators (POGOs), the central bank chief said on Tuesday.

Bank of the Philippine Islands gets investment-grade rating from S&P

AYALA-LED Bank of the Philippine Islands (BPI) secured on Tuesday a “BBB+” long-term and “A-2” short-term issuer credit ratings (ICR) with a stable outlook from S&P Global Ratings.

UnionBank looking to issue P20-billion unsecured debt

UNIONBANK of the Philippines, Inc. wants to issue up to P20 billion unsecured subordinated debt as well as to redeem voluntarily P7.2 billion worth of unsecured subordinated debt due 2025.

Asia United Bank sets up P30-billion bond program

ASIA UNITED Bank Corp. (AUB) plans to tap the bond market as it looks to raise as much as P30 billion.

Tax incentives law seen bringing ‘rapid’ FDI growth

THE SECOND PACKAGE of the tax reform program will lift uncertainty over incentives and reverse the slump in foreign direct investment (FDI), a bank economist said Tuesday.