MANILA, Philippines — Vehicle assemblers boosted their hopes of achieving the industry’s sales target for the year as plant rollouts accelerated 35.6 percent month-on-month in September. A joint report of the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association (TMA) yesterday showed total vehicle sales reached 21,493 units in September, […]
Read MoreMANILA, Philippines — The country’s labor market is slowly shifting to a “less bad” situation as the economy reopens but private consumption remains a drag in the overall recovery, a global think tank said. In its latest economic monitor, UK-based Pantheon Macroeconomics said there are still some upsides even as the local job market has […]
Read MoreMANILA, Philippines — Philippine banks continued to snub the central bank’s peso rediscount facility amid the massive liquidity in the financial system and tepid demand from corporate and individual borrowers due to uncertainties brought about by the pandemic, according to the Bangko Sentral ng Pilipinas (BSP). Despite the extension of the zero spread on rediscount […]
Read MoreMANILA, Philippines — The net inflow of foreign direct investments (FDIs) jumped by 52 percent to hit a 19-month high in July as multinational companies continued to inject more money into their affiliates in the Philippines amid the gradual recovery from the pandemic-induced recession, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Diokno […]
Read MoreMANILA, Philippines — Economic scars left by the coronavirus pandemic would make the Philippines among the least attractive destinations for foreign direct investments in Asia Pacific over the next decade, according to a new report released Monday. Out of 14 Asia Pacific economies tracked by UK-based Oxford Economics, the Philippines ranked 13th in terms of ability to attract […]
Read MoreMANILA, Philippines — As global oil prices rise, expect a spike in Philippine inflation this month, an international think tank said. In its latest weekly brief, London-based Capital Economics said the increase in energy prices will put upward pressure on inflation across the region. Senior Asia economist Gareth Leather said the impact, however, may be […]
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