MANILA, Philippines — Manufacturing activity in the country declined at a softer pace in May as subdued recovery was seen in output and new orders amid the easing of restrictions in areas outside of Metro Manila, according to the latest IHS Markit Philippines Manufacturing Purchasing Managers’ Index (PMI). The headline PMI for manufacturing rose to […]
Read MoreMANILA, Philippines — The Department of Agriculture (DA) is seeking a $200-million loan from the World Bank to help boost the local fisheries sector. Agriculture Secretary William Dar said the $200-million Fisheries and Coastal Resiliency project would directly contribute to achieving key outcomes in the country’s food security framework. The project is also integral to […]
Read MoreMANILA, Philippines — Local banks are expected to play a key role in the country’s post-coronavirus recovery process, according to the Bangko Sentral ng Pilipinas. “Moving forward, Philippine banks will play a pivotal role in the post-coronavirus recovery process, and Congress should be cautious not to unduly weaken them,” BSP Governor Benjamin Diokno said. Diokno […]
Read MoreMANILA, Philippines — Economists expect a slight uptick in May inflation which may prompt the Bangko Sentral ng Pilipinas (BSP) to hold off additional interest rate cuts within the second quarter. Ruben Carlo Asuncion, chief economist at Union Bank of the Philippines, said inflation may settle at 2.4 percent in May from 2.2 percent in […]
Read MoreMANILA, Philippines — The strict enforcement of health and safety operational guidelines is seen to help the Philippines regain the trust of tourists as a safe and viable tourism destination sooner, which will hasten the recovery of the industry, according to Tourism Secretary Bernadette Romulo-Puyat. “We must ensure that operational guidelines and regulations are strictly […]
Read MoreLast Friday, the PSEi rose 4.8 percent on heavy volume of P20.4 billion. After months of continuous foreign selling, flows turned positive with P955 million in net foreign buying. This was despite the MCSI rebalancing which reduced the weighting of MSCI index stocks to accommodate the entry of Puregold Price Club. These remarkable moves were […]
Read More
Thailand
