Big business scrambles for revival plan as coronavirus rewrites its future
WHILE the economic consequences of the global coronavirus crisis remain unclear, this black swan is shaking up both corporate and consumer behavior in a big way. It has precipitated massive changes across industries, showing that not even the world’s corporate giants are immune to the pandemic.
BSP readies tools as risks rise with global interest rates
By Melissa Luz T. Lopez
Senior Reporter
and Elijah Joseph C. Tubayan
Reporter
THE BANGKO SENTRAL ng Pilipinas (BSP) is prepared to tweak its policy settings to address...
December BoP surplus biggest in more than six years
THE PHILIPPINES’ balance of payments (BoP) posted the biggest surplus in more than six years in December, which also marked the second straight month of surfeit, the Bangko Sentral ng Pilipinas (BSP) reported on Friday, but it still ended 2018 with a wider deficit than in 2017.
Japanese firms in PHL expect profits to improve this year
MOST Japanese companies in the Philippines expect the economy to recover from the coronavirus disease 2019 (COVID-19) pandemic this year, with 60% anticipating an improvement in operating profits.
From nothing to something
The Entrepreneur Of The Year Philippines 2017 has concluded its search for the country’s most inspiring entrepreneurs. Entrepreneur Of The Year Philippines is a...
External debt hits a record $106.428 billion in 2021
THE COUNTRY’S outstanding external debt reached a record high in 2021 as the government continued to ramp up borrowings amid the pandemic.
Delinquent companies can settle SEC fines at lower rates until Nov. 30
THE SECURITIES and Exchange Commission (SEC) has launched an incentive program that allows noncompliant and delinquent corporations to settle fines and penalties at “significantly” lower rates.
September NCR retail price growth slowest in 17 months
RETAIL PRICE GROWTH of general goods in Metro Manila eased to a 17-month low in September, amid the slower annual rise in food costs,...
Farm output marks biggest fall in 3 years
FARM PRODUCTION contracted for the first time in three quarters in April-June, marking its biggest drop in three years on a steep fall in crop output and signalling that the sector weighed on overall economic performance scheduled to be reported on Thursday morning ahead of the central bank’s fifth monetary policy review for the year.
Recto backs lower tariffs on rice
FINANCE Secretary Ralph G. Recto said he is open to reducing tariffs on rice imports in order to help bring down prices of the food staple.
Global economy already feeling drag from Trump tariffs
US President Donald Trump’s tariffs are increasingly clogging up the wheels of a world economy which for decades were greased by predictable and relatively...
‘Business as usual’ in Taiwan’s Silicon Valley amid China threats
HSINCHU CITY, Taiwan — Clusters of unobtrusive buildings greet you when you enter Hsinchu Science Park (HSP), also known as the heart of Taiwan’s Silicon Valley. Outside these modern buildings, there’s little indication that the world’s most important chips are being manufactured inside.