Factory activity bares ‘marginal’ growth
BUSINESS for manufacturers in the country improved just slightly in June, as a boost from “a solid rate of output expansion” was capped by “a softer increase in total new orders and the fastest drop in export sales” in the country’s three-and-a-half-year survey series, according to the latest Philippine monthly tracking IHS Markit conducts for Nikkei, Inc.
Economic managers tout gains ahead of SONA
THE GOVERNMENT has put key pieces of reforms in place for the country to build “strong momentum” to grow faster in the years ahead, economic managers said in a forum on Friday.
Yellen says rate and portfolio plans on track, but cautions on inflation
WASHINGTON -- The US economy is healthy enough for the Fed to raise rates and begin winding down its massive bond portfolio, though low...
Peso rises before Fed decision
THE PESO continued to rise against the dollar on Wednesday as markets looked ahead to the US Federal Reserve’s policy decision overnight, with focus...
Holiday cheer lifts business sentiment
By Melissa Luz T. Lopez
Senior Reporter
BUSINESSES turned more optimistic in the last three months of the year amid expectations of increased purchases for Christmas...
Auto sales up 18.6% in October but slip month on month
NEW VEHICLE SALES jumped by an annual 18.6% in October but dipped by 1.3% from the previous month, an industry report showed.
A joint report...
Pangilinan ‘interested’ anew in MRT-3 O&M
METRO PACIFIC Investments Corp. (MPIC) will be interested in taking over the operations and maintenance (O&M) of the Metro Rail Transit Line 3 (MRT-3) and the Light Rail Transit Line 2 (LRT-2) if the government bids out the contracts, according to the conglomerate’s chairman.
Uber sells Southeast Asian business to Grab
SINGAPORE/SAN FRANCISCO -- Ride-hailing firm Uber Technologies, Inc. has agreed to sell its Southeast Asian business to bigger regional rival Grab, the firms said...
IMF trims Philippine growth forecasts
THE International Monetary Fund (IMF) trimmed its economic growth forecasts for the Philippines as elevated inflation is likely to continue weighing on domestic demand.
Fitch affirms PHL’s investment grade
FITCH RATINGS has kept its credit rating for the Philippines a notch above minimum investment grade amid strong growth prospects, even as it flagged rising inflation, rapid bank lending and a growing trade gap that could signal overheating risks.
PHL economy seen to grow by 5.8% this year
FIRST METRO Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) expect the Philippine economy to grow by 5.8% this year,...
Gov’t adds more stations to Metro Manila subway
THE Metro Manila subway will now have 17 stations, after the Transportation department decided to expand the original plan to include more stations.