Pandemic hits local poultry demand
LOCAL POULTRY production is expected to plunge by as much as 40% this year as demand weakened due to the coronavirus pandemic, the United Broiler Raisers Association (UBRA) said on Wednesday.
Philippines’ trade recovery continues to lag
PHILIPPINE EXPORTS likely fell by 8.7% in the third quarter, the United Nations Conference on Trade and Development (UNCTAD) said, as lockdown restrictions continue to weigh on recovery.
Inbound int’l tourism may pick up starting late 2021
THE Philippines may only see a significant rise foreign tourist arrivals starting late 2021 or early 2022 as uncertainty over the pandemic continues, Fitch Ratings said.
Firms need to embrace sustainability for survival
BUSINESSES must embrace sustainability to survive amid the so-called new normal, experts said on Wednesday.
Gov’t sees 2020 GDP shrinking by 6%
ECONOMIC MANAGERS now expect full-year gross domestic product (GDP) to settle at the low end of its forecast range, as the return to a strict lockdown for two weeks in August slowed the economic recovery.
BSP to carefully assess timing of unwinding its easing measures
THE central bank will carefully gauge the appropriate timing of unwinding its aggressive policy measures, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said.
Hotels turn to quarantine business to survive the coronavirus pandemic
ARTHUR D. GINDAP, who’s been in the hotel business for almost four decades, reckons 2020 as the worst year of his career.
Banks’ recovery seen beyond 2022
THE Philippine banking industry may recover to pre-pandemic financial strength after 2022, although this will depend on the extent of the economic fallout from the coronavirus crisis, S&P Global Ratings said.
Economic contraction seen to be in single digits in 3rd quarter
THE COUNTRY’S economic contraction is seen to be in the single digits in the third quarter, as more sectors reopened with the easing of lockdown restrictions around the country, First Metro Investment Corp. (FMIC) and University of Asia and the Pacific (UA&P) said.
PHL won’t give up arbitral win over joint exploration
THE Philippines maintained it will not set aside its arbitral win against China over disputed areas in the West Philippine Sea just to proceed with joint oil and gas development, the country’s energy chief said on Monday.
Congress to expedite AMLA changes
CONGRESS is set to expedite the approval of a bill strengthening the anti-money laundering law, after President Rodrigo R. Duterte certified it as urgent.
PSE’s new listing rules may attract tech firms
THE Philippine bourse operator’s proposal to ease listing requirements may encourage new technology-based companies to go public despite the coronavirus pandemic.