MANILA, Philippines — Local factory operations finally came within striking distance of stabilizing in November after months of slump when businesses were shut down by lockdowns and the health crisis. Results of a monthly survey of 400 companies showed the Philippines’ purchasing managers’ index (PMI) — a measure of manufacturing output — rose to 49.9 […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may deliver another 25-basis-point rate cut this year amid the benign inflation environment, as well as the slow recovery from a deep economic hole caused by the pandemic, according to S&P Global Ratings. In a report, the debt watcher said another rate cut by the Monetary […]
Read MoreMANILA, Philippines — The country’s gross borrowings breached the P3-trillion mark from January to October as the government continued to secure more loans to fund its COVID-19 response, according to the Bureau of the Treasury (BTr). The national government’s gross borrowings soared by 233 percent to P3.22 trillion in the first 10 months from P967.56 […]
Read MoreMANILA, Philippines — The Philippine business environment may see a number of asset purchases and mergers and acquisitions as some bigger companies and private funds are gobbling up those hit by COVID-19, seizing opportunities in the “new normal.” Many private equity funds abroad, for instance, are taking interest in some Philippine companies that may need […]
Read MoreMANILA, Philippines — Barcelona-based think tank FocusEconomics is expecting a strong rebound in Philippine exports and imports over the next two years after a major slump this year as the pandemic took its toll on global trade. FocusEconomics sees exports rising by 9.1 percent over the next two years and imports surging by 18.6 percent […]
Read MoreMANILA, Philippines — International Container Terminal Services Inc. (ICTSI) of tycoon Enrique Razon expects to end the year on a positive note amid the decline in global trade activity brought about by the COVID-19 pandemic. The global port giant has fallen victim to the wrath of the pandemic in recent months due to lower trade […]
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