Converge makes market debut amid pandemic
CONVERGE ICT Solutions, Inc. is set to debut on the local stock market today (Oct. 26), with the fiber internet provider only the second company to conduct an initial public offering (IPO) this year amid the pandemic.
US-EU trade spat reignites investment relocation talks
THE TRADE department is positioning the Philippines as an investment destination amid brewing tension between the United States and the European Union (EU) by leveraging its tariff perks in both economies.
Budget deficit narrows in September
The national government’s (NG) budget gap in September narrowed by 22% to P138.5 billion in September as revenue collection and state spending both declined,...
Philippines to allow foreign investors to enter in November
The Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF-EID) will allow foreign investors to enter the Philippines starting from Nov. 1.
Under...
BSP approves nearly $4B in gov’t foreign loans
The central bank has approved $3.919 billion in government’s foreign loans in the third quarter, with most of the funds going to the coronavirus...
Virus struggle to impede PHL recovery
THE Philippines’ struggle to control the coronavirus disease 2019 (COVID-19) pandemic will likely impede the economy’s recovery, S&P Ratings said.
“The Philippines has struggled to...
Jobs at risk as Philippines’ garment exports slump
By Jenina P. Ibañez
Reporter
PHILIPPINE garment exports to major buyer countries fell by 39% during the coronavirus pandemic, putting hundreds of thousands of local jobs...
Drop in investments to continue in second half
THE Philippines is likely to see the steepest drop in investments among six Asian economies in the second half of the year, as Metro...
Bicol’s economic growth outpaced NCR in 2019 — PSA
THE ECONOMY of the Bicol Region grew the fastest among the 17 Philippine regions last year, exceeding the growth rates posted by the capital...
Asia faces long recovery slog, IMF says
THE Asia-Pacific region is likely to see economic output remain below pre-pandemic trends over the medium term, even as China’s recovery leads the rest...
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.