The Philippines should address its high shipping and logistics costs to help businesses in the country thrive, the Asian Trade Center said on Wednesday. In a symposium organized by the Asian Development Bank, Deborah Elms, Asian Trade Center founder and executive director, called these costs “too high,” saying these posed challenges to “some amazingly innovative […]
Read MoreA business organization on Wednesday urged the government to permit the private sector to purchase coronavirus vaccines directly from accredited sources to speed up vaccination efforts. In a statement, Benedicto Yujuico, president of the Philippine Chamber of Commerce and Industry (PCCI), said the government should accelerate its vaccine procurement and rollout “to ensure the safety […]
Read MoreMANILA, Philippines — A global think tank yesterday warned that the sustained drop in the country’s imports is shaping up as a big concern on total trade and would affect efforts toward economic recovery. In its latest economic monitor, UK-based Pantheon Macroeconomics said while the contraction in Philippine exports can be considered temporary, the deteriorating […]
Read MoreAmid virus containment struggles The Philippines will make a slower economic recovery this year as it continues to struggle to contain the coronavirus disease and encounter delays in its vaccine program, the research unit of Moody’s said. Steven Cochrane, chief economist for Asia-Pacific at Moody’s Analytics, said in his latest APAC economic outlook titled “Much […]
Read MoreMANILA: Jollibee Foods Corp, the largest Philippine restaurant operator, is looking toward foreign expansion and “opportunities” created by Covid-19 as it rebounds after historic losses induced by the pandemic. After a restructure amid last year’s setback, Jollibee CEO Ernesto Tanmantiong plans to open 450 restaurants around the world this year while looking for acquisitions that […]
Read MoreMANILA, Philippines — Demand from people ditching expensive pork for other protein source has started pushing up prices of chicken meat, potentially creating a new source of inflation. While pork prices have subsided in the first month of a Metro Manila price cap, chicken costs have surged in the first monthly monitoring of select prices […]
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