MANILA, Philippines – The Philippine manufacturing sector outperformed those of other Southeast Asian countries in May as it remains firmly in expansion territory during the month, according to the latest reading of the Nikkei ASEAN Manufacturing Purchasing Managers’ Index (PMI). Domestic manufacturing registered a higher PMI reading of 54.3 in May, up from 53.3 in […]
Read MoreMANILA, Philippines – The Philippines and Indonesia are set to ink an agreement this weekend to open up the banking industry aimed at greater financial integration and economic development among members of the Association of Southeast Asian Nations (ASEAN). Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr. said a letter of intent (LOI) on the […]
Read MoreMANILA, Philippines – The national government spent P50.7 billion for capital outlays in April 2017, up by 1.3 percent from the P50.1 billion reported the same month last year, data from the Department of Budget and Management (DBM) showed. On a year-to-date basis, the total amount spent for infrastructure from January to April declined 1.5 […]
Read MoreMANILA, Philippines – Fewer companies are set to expand and hire additional workers amid the expected slowdown in economic activity in the third quarter, results of a survey conducted by the Bangko Sentral ng Pilipinas (BSP) showed. Rosabel Guerrero, director of the BSP’s Department of Economic Statistics, said results of the latest Business Expectations Survey […]
Read MoreMANILA, Philippines – Aboitiz-led Union Bank of the Philippines plans to sustain its financial growth this year by focusing on its recurring income business, a company official said. In a press briefing Friday, Union Bank president and chief operating officer Edwin Bautista said the company is looking to grow at the same pace as in […]
Read MoreMANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) said businessmen have a less optimistic view for the third quarter after posting an upbeat view in the second quarter of this year. According to the BSP’s Business Expectation Survey for the second quarter of 2017, the business outlook was less optimistic, with the confidence index […]
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