PSE hikes minimum public ownership
THE Philippine Stock Exchange, Inc. (PSE) increased the minimum public ownership (MPO)requirement for companies that plan to list on the stock market.
Coronavirus gives PHL time to reexamine US ties
THE global coronavirus pandemic has given the US government much reprieve after Philippine President Rodrigo R. Duterte delayed the termination of a military agreement on troop deployment, which he finds to be a distraction to the world’s anti-COVID-19 efforts.
PhilHealth may collapse by 2022 if pandemic continues, official says
PHILIPPINE HEALTH Insurance Corp. (PhilHealth) faces the risk of collapse by 2022 if the pandemic continues and it fails to secure additional subsidies from the government, an official told the Senate on Tuesday.
Pandemic to accelerate digitalization
THE digitalization that is expected to spur the country’s young workforce to drive consumption by 2030 will be accelerated by the pandemic, a report from the World Economic Forum and Bain & Company said.
Remittances plunge by 19% in May
REMITTANCES plunged by 19% in May as overseas Filipino workers (OFWs) face salary cuts and layoffs as the coronavirus disease 2019 (COVID-19) pandemic continues to ravage economies around the world.
Philippine factory activity falls for 5th straight month
FACTORY ACTIVITY dropped for a fifth straight month in July, as manufacturing firms reported weaker production and demand despite relaxed lockdown restrictions.
Farm output likely shrank in 2nd quarter
LOCAL agricultural production likely contracted, albeit at a slower pace, in the second quarter, as the strict lockdown affected the employment of farm workers and prevented them from transporting their harvest, economists said.
Economic recovery threatened as NCR reverts to strict lockdown
THE imposition of a stricter lockdown in Metro Manila and key cities for the next two weeks will likely delay the country’s economic recovery, as many businesses face operational disruptions once again due to the lack of public transportation and other restrictions.
Q2 GDP contraction seen deeper
THE PHILIPPINE ECONOMY is widely expected to have declined much faster in the second quarter compared with the previous quarter, according to economists.
Inflation likely picked up in July, poll shows
ANNUAL INFLATION may have slightly quickened in July on the back of an uptick in food and transportation prices as coronavirus-led restrictions eased, a BusinessWorld poll showed.
Government borrowings surge to P1.7T in 1st half
THE National Government’s borrowings surged to P1.723 trillion in the first half, as it incurred more debt to boost its war chest in the fight against the coronavirus disease 2019 (COVID-19).
Gov’t development scorecard shows mixed results
A PRELIMINARY government scorecard that monitors the Philippines’ progress in meeting development targets showed mixed results, the Philippine Statistics Authority (PSA) said.