Pandemic unleashes flurry of new Filipino entrepreneurs
AUDREY CRUZ was one of the many Filipinos who sold pans of sushi bake at the start of the coronavirus pandemic.
Inflation mars ADB’s economic picture of PHL
THE ASIAN Development Bank (ADB) has retained economic growth estimates for the Philippines that made the country one of Asia’s best performers, but at the same time upped its projected inflation rate this year to one of the region’s fastest.
Bicol tops regions in economic growth
THE ECONOMY of Bicol Region grew the fastest among the 17 Philippine regions in 2018, exceeding the growth rate posted by the capital as well as the national average.
Philippine central bank says May annual inflation rate likely in 0.9% to 1.7% range
MANILA — Philippine inflation was likely within a 0.9% to 1.7% range in May, the central bank said on Friday, compared with the previous...
Alcohol, e-cigarette tax hike bags House 3rd reading OK
THE MEASURE increasing excise taxes on alcohol products and e-cigarettes bagged third and final reading at the House of Representatives on Tuesday.
PHL ‘likely’ to achieve upper middle-income status by 2023 — Chua
THE PHILIPPINES is “likely” to achieve upper middle-income status by next year, Socioeconomic Planning Secretary Karl Kendrick T. Chua said, given the strong first-quarter print and economic reforms.
Travel firms brace for huge losses
MOST tourism-related businesses in the Philippines expect revenue losses of over 50% this year, amid travel restrictions and business closures due to the coronavirus disease 2019 (COVID-19) pandemic, a survey from PwC Philippines/Isla Lipana & Co. showed.
S&P cuts PHL outlook on ‘carryover’ risks
WEAK EXPORTS and rising costs will likely cap growth this year, S&P Global Ratings said on Monday as it slashed forecasts anew for the Philippines.
Driven to excel
AN IMMERSIVE, hands-on approach gave Lisset Laus-Velasco a headstart in the family business. Even at a young age, she would spend summer break working as a cashier at the family-owned gas station. In 1995, she joined the family’s dealership, first as a sales consultant before being assigned to different departments and business units.
Balisacan hopeful of 6% growth in Q1
NATIONAL Economic and Development Authority Secretary Arsenio M. Balisacan is hopeful the economy grew by at least 6% in the first quarter, as rate...
Firm seeks $25-M ADB loan to build telco towers in PHL
AN INFRASTRUCTURE FIRM is seeking a $25-million loan from the Asian Development Bank (ADB) to build and operate up to 380 telecommunications towers in Visayas and Mindanao.
Planned higher public float requirement to impact half of listed firms
NEARLY HALF of publicly listed companies are expected to be affected by the doubling of the minimum public float requirement planned by the Securities and Exchange Commission (SEC), the bourse operator has said.