MANILA, Philippines — China is seen to regain its status as the world’s biggest rice importer as the Philippines is expected to see a reduction in rice imports this year due to higher local production. Based on the latest report of the United States Department of Agriculture-Foreign Agricultural Service, the country’s rice imports are projected […]
Read MoreMANILA, Philippines — Sta. Lucia Land Inc. (SLI), a publicly-listed subdivision developer, expects the residential sector to continue growing despite the pandemic. David dela Cruz, EVP and CFO of SLI, said the company remained resilient despite the challenging business environment. “Even with the decline in real GDP along with the contraction of overall activity, SLI […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has extended anew the zero spread on its peso rediscount loans by another three months to allow banks to tap the facility to meet their temporary liquidity needs amid the pandemic. BSP Governor Benjamin Diokno said the Monetary Board approved the extension of the temporary measures […]
Read MoreMANILA, Philippines — Foreign direct investments continued to slump in November last year, although the decline moderated from the preceding month, keeping alive the central bank’s watered down forecast. FDI posted a net inflow of $537 million in November as the entry of new investments outpaced those that headed for the exit during the month, […]
Read MoreMANILA, Philippines — Lockdowns had been eased but while most Filipinos are still trying to stay home over fears of catching the deadly coronavirus, Rolando Mateo, 43, and his family of three do not even have a home to begin with. We caught up with Mateo on Wednesday morning in a wet market in the […]
Read MoreLONDON, United Kingdom — The Philippine Statistics Authority (PSA) released last week the inflation figures for January. The agency reported that inflation for the month was at 4.2% the fastest in 2 years. While these figures are concerning, especially during a recession when you need households to spend, it is highly likely that headline inflation […]
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