MANILA, Philippines — The Organization for Economic Cooperation and Development (OECD) is recommending reforms, which include the delineation of regulatory and operational functions of the Philippine Ports Authority (PPA), amendment of the Public Service Act, and ensuring adequate compensation to the Philippine Postal Corp. (PHLPost) to improve the competitiveness of the logistics sector. In its […]
Read MoreMANILA, Philippines — Consumer advocacy group Laban Konsyumer Inc. (LKI) is calling on the public to do a “pork holiday” amid the continued increase in the prices of pork products. LKI said consumers are carrying the burden of high prices of pork and even chicken, amid the tug of war among the Department of Agriculture, […]
Read MoreMost Asian currencies appreciated strongly against the US dollar since Biden’s electoral win, but the Philippine peso has remained stable. In fact, the peso’s volatility has dropped to its lowest in 20 years. According to Bloomberg, the three-month option volatility of USD/PHP fell to its lowest level since May 2000. The peso has steadily been […]
Read MoreMANILA, Philippines — The economy may contract anew in the first quarter, further extending the pandemic-induced recession, according to economists. Bank of the Philippine Islands chief economist Jun Neri said the country’s gross domestic product (GDP) may contract mildly in the first quarter. “It seems consumer confidence is starting to show a more meaningful recovery […]
Read MoreMANILA, Philippines — Alfred Ty, chairman of Toyota Motor Philippines (TMP), believes the worst is over and is optimistic the automotive industry as well as other businesses will recover in due time from the negative impact of the COVID-19 pandemic. TMP, as the leading automotive company in the country, will take the wheel toward recovery […]
Read MoreMANILA, Philippines — Just when the economy is starting to heal from pandemic-induced wounds, an old enemy appears to be making a comeback to spoil a fragile recovery: inflation. The year potentially started with inflation breaching the Bangko Sentral ng Pilipinas’ (BSP) 2-4% target for the year, complicating a slow grind toward full economic rebound […]
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