Domestic and external developments weighed on Ayala Corp. (AC) last week but the conglomerate’s shares remain above their year-to-date low. “A lot of foreign selling … brought the price down,” Eagle Equities research head Christopher John Mangun said. AC suffered net foreign selling of over P640 million last week, with the bulk occurring Friday to […]
Read MoreMANILA, Philippines — The Department of Finance (DOF), together with various trade regulatory government agencies (TRGAs), will harmonize the tariff codes used by government to classify goods in order to facilitate trade and improve ease of doing business in the country. Finance Undersecretary and anti-red tape czar Gil Beltran, in a report to Finance Secretary […]
Read MoreMANILA, Philippines — The Philippine manufacturing sector was among the top performers in the ASEAN region in August, according to the results of the Nikkei ASEAN Manufacturing Purchasing Managers’ Index (PMI). IHS Markit, the firm that collates data for the PMI, reported that the ASEAN PMI rose to 51.0 in August from 50.4 posted in […]
Read MoreMANILA, Philippines — Economists now expect the full year inflation breaching five percent after racing above six percent for the first time in more than nine years to 6.4 percent in August amid elevated oil and food prices. Noelan Arbis, economist at HSBC, said in a recent research note inflation may rise to an average […]
Read MoreMANILA, Philippines — Foreign investments approved by the country’s investment promotion agencies (IPAs) went up by 10 percent in the first half of the year, driven by the surge of approved pledges in the second quarter, data from the Philippine Statistics Authority (PSA) showed. Approved projects from January to June this year amounted to P45.2 […]
Read MoreTwo current World Bank studies dealing on the Philippine economy provide a useful framework for reviewing the status of economic development and of labor market issues in the country. The first of the two documents is the Philippine Economic update, April 2018, which is the current economic memorandum assessing developments in the country. The other, […]
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