MANILA, Philippines — The net inflow of foreign direct investments (FDIs) jumped 40 percent to $6.37 billion in the first eight months, from $4.56 billion in the same period last year, as multinational companies continued to inject more money into their affiliates in the Philippines amid the economy’s gradual recovery, according to the Bangko Sentral […]
Read MoreMANILA, Philippines — Car manufacturers reported growth in vehicles sales in October, fueling the industry’s optimism of surpassing last year’s lackluster performance. What’s new Automakers sold a total of 22,581 units in October, inching up 5.1% month-on-month, according to a joint report from the Chamber of Automotive Manufacturers of the Philippines, Inc (CAMPI) and Truck Manufacturers Association […]
Read MoreMANILA, Philippines — Converge ICT Solutions Inc. extended its hot streak in the third quarter as the listed broadband services provider continued to attract new subscribers amid the pandemic. Net income grew 109% year-on-year to P1.95 billion in the July-September period, the company told the stock exchange on Thursday. In the first nine months, Converge’s […]
Read MoreMANILA, Philippines — The country’s manufacturing output sustained its three-digit gains for six consecutive months, although at a slower pace in September as base effects are starting to wane. Factory output, as measured by the Volume of Production Index (VoPI), went up 124 percent in September, significantly lower than the 534 percent hike in August, […]
Read MoreMANILA, Philippines — The Philippine economy managed to weather the impact of the third round of pandemic lockdown, growing by a higher than expected pace in the third quarter and making the government optimistic about a better recovery for the rest of the year. Data from the Philippine Statistics Authority (PSA) showed the economy, as […]
Read MoreTHE Department of Agriculture (DA) is now aiming for a 1-percent growth for the agricultural sector this year as a result of the effects of African swine fever (ASF), typhoons and the Covid-19 pandemic. The new growth forecast is lower than the Agriculture department’s previous target of 2 percent for the entire year. In a press briefing on Tuesday, Fermin […]
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