April car sales recover from slump a year ago
VEHICLE SALES surged in April from the extremely low base a year ago when Luzon was placed under the strictest form of lockdown, according to industry data.
Agriculture production shrinks 3.3%
THE COUNTRY’S agricultural output shrank by an annual 3.3% in the first quarter, as livestock and poultry production contracted, the Philippine Statistics Authority (PSA) reported on Monday.
Defense firms eye industrial zone manufacturing in the Philippines
DEFENSE EQUIPMENT manufacturers have been showing interest in setting up operations in the Philippines as soon as industrial zones are put up, a top official of the Philippine Economic Zone Authority (PEZA) said.
FDI inflows slip in February as investors turn wary
INFLOWS of foreign direct investments (FDI) slipped anew in February, as investors turned cautious on emerging markets amid the prolonged coronavirus crisis.
Gov’t eyes $600-million World Bank loan to boost disaster resiliency
THE WORLD BANK is considering giving the Philippines a $600-million loan to help improve the country’s overall competitiveness and its resiliency against natural disasters.
GDP likely shrank anew in Q1 — poll
PHILIPPINE gross domestic product (GDP) likely declined at a slower pace in the first three months of 2021 compared with the previous quarters, a BusinessWorld poll showed, as a renewed surge in coronavirus infections and a stricter lockdown imposed in Metro Manila and adjacent provinces dampened recovery.
Economists expect BSP to keep policy unchanged
THE CENTRAL BANK is widely expected to keep policy unchanged when it announces its decision this week, amid uncertainty over the pandemic and its impact on economic recovery, a BusinessWorld poll of analysts showed.
PHL digital economy in focus at BusinessWorld forum
TOP BUSINESS LEADERS, government officials and experts will come together at this month’s BusinessWorld Virtual Economic Forum to discuss how the pandemic has accelerated digital transformation and what steps are needed to support the Philippines’ full transition into a “digital economy.”
Banks supervision needs to keep up with new normal, says central bank
THE THE BANKING SYSTEM remains resilient amid the pandemic, but the Bangko Sentral ng Pilipinas (BSP) said there may be a need to reassess current banking regulations to adapt to the new normal.
Factory output slumps for 13th straight month
Philippine factory output extended its losing streak to 13 months in March, according to the local statistics agency.
The output as measured by the volume...
Exports spur Philippine foreign trade rebound
The country´s trade-in-goods deficit narrowed in March as exports grew at the fastest pace in a decade, the Philippine Statistics Authority reported on Friday.
Merchandise...
Central bank raises P100 billion at auction
By Beatrice M. Laforga, Reporter
The Philippine central bank raised P100 billion from short-term securities it sold at an auction on Friday as rates fell due to easing inflation.
The...