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.
PHL tagged among those enabling illegal fund flows
THE PHILIPPINES was counted in the upper third of a list of jurisdictions that “contribute to the secrecy that enables illicit financial flows.”
The Philippines...
IMF delays the release of new global economic forecast to factor in COVID-19 developments
WASHINGTON — The International Monetary Fund (IMF) will release its World Economic Outlook on Jan. 25, a week later than planned, to factor in the latest coronavirus disease 2019 (COVID-19) developments, a spokesperson for the global lender said on Tuesday, amid signs another downgrade is coming.
Trade, factory data back growth hopes
By Ranier Olson R. ReusoraResearcherand Patrizia Paola C. Marcelo
MERCHANDISE EXPORTS grew by double-digit pace for the third straight month, while factory output increased at...
Organic law ratification just the first step in the path to new Bangsamoro region
THE RATIFICATION of the Bangsamoro Organic Law (BOL) in the core of what would be a new autonomous region in Mindanao is a key step in the peace process as it paves the way for equally major, if not bigger, tasks needed to achieve inclusive, sustained economic development.
Coronavirus outbreak halts live sports events, silences wild fan cheers
KIM REMOLINO, a silver medalist triathlete in the Southeast Asian (SEA) Games last year, has had to train on a home treadmill for months after Manila and other provinces were locked down in mid-March to contain a coronavirus pandemic.
DPWH halts bidding for all locally funded projects
The Department of Public Works and Highways (DPWH) has suspended the bidding process for all locally funded projects, in line with the government's ongoing...
BSP sees June inflation between 4.3-5.1%
INFLATION remained elevated in June given higher prices of rice and crops as well as cooking gas, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.
August factory output drops on electronics, food
FACTORY OUTPUT dropped to a four-month low in August due to slower growth in electronics and food manufacturing, according to the Philippine Statistics Authority (PSA).
Big PHL banks post fastest asset growth since onset of pandemic
THE THIRD QUARTER saw the country’s biggest banks post the fastest asset growth since the start of the coronavirus pandemic, while aggregate loans rose for the first time in a year.
Private sector calls for more tech, infrastructure PPPs
PRIVATE SECTOR groups are calling for more collaboration with the government to improve pandemic response and economic recovery projects.
June BoP deficit narrows to $606M
THE PHILIPPINES’ balance of payments (BoP) position remained in a deficit in June, as the National Government (NG) settled foreign currency debt obligations.
Data...