More airport, road projects added to flagship program
THE MARCOS administration has added more airport, road and climate and disaster risk-reduction projects to its infrastructure flagship program.
The National Economic and Development...
Increased vaccinations to boost economic recovery
PROGRESS in the country’s vaccination program could help spur economic activity and boost recovery prospects, which would lead to the normalization of monetary policy, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said on Tuesday.
Stocks go down on profit taking before US data
PHILIPPINE STOCKS ended lower on Tuesday as investors pocketed their gains following the market’s three-day climb and awaited the release of key US data...
‘Trading from home’ is the new normal as PSE set to close trading floor
AS THE Philippine Stock Exchange (PSE) is poised to permanently shut its trading floor on Friday, traders said there will be little impact as many are now used to “trading from home” during the coronavirus pandemic.
Philippines in talks with JPMorgan for bond index inclusion, sources say
THE PHILIPPINES is in talks with JPMorgan Chase & Co. for the inclusion of its peso government bonds in the US bank’s emerging-market debt...
Container-ship traffic jam in Southeast Asia worst since April
Typhoon Kompasu has resulted in the worst container shipping traffic jam in months, one that now stretches throughout Southeast Asia and may take weeks to unravel.
Although...
Ilocos Norte mall operator to list, Axelum sets IPO price
ALTUS PROPERTY Ventures, Inc., a real estate company that owns and operates a mall in Ilocos Norte, has filed an application to list on the main board of the Philippine Stock Exchange (PSE) at a price of P10.10 per share.
Inflation likely slowed in March — poll
INFLATION likely further slowed in March amid lower pump prices and a drop in prices of some food items, analysts said.
Credit Suisse sees Asia wealth race shifting from offshore hubs
SINGAPORE/HONG KONG -- After years of racing to accumulate assets in the key offshore centers of Singapore and Hong Kong, the challenge for wealth managers in Asia is shifting to cities such as Manila, Jakarta and Shanghai.
Congress buckles down on 2020 budget
THE PROPOSED national budget for next year has entered the legislative mill, with the House of Representatives lining up hearings leading to final approval at the chamber by Oct. 4.
Jobless rate rises to 3-month high
THE PHILIPPINE unemployment rate climbed to a three-month high in April, while the quality of jobs deteriorated, the Philippine Statistics Authority (PSA) reported on Thursday.
Pump prices may drop further next week — DoE
LOCAL PUMP PRICES may continue to decline next week based on early estimates, despite renewed upward pressure on global oil prices following the US blockade of Iranian ports, a Department of Energy (DoE) official said.