MANILA, Philippines — Property remains a viable investment despite the uncertainties brought about by the pandemic, according to Ayala Land Inc (ALI). While its mall operations have been affected by the negative business environment, ALI maintains its optimistic outlook for the sector through long-term investment strategy and innovative business approach. Investors can use it as […]
Read MoreMANILA, Philippines — The downturn in output of the Philippine manufacturing sector was among the steepest in the world in the first nine months of the year, according to IHS Markit. In a recent research brief, the market intelligence firm said that among the 31 countries monitored for manufacturing conditions from January up to September this […]
Read MoreMANILA, Philippines — Bank loans extended to micro, small and medium enterprises (MSMEs) that are booked in compliance with the reserve requirements reached P120.9 billion as of Oct. 1 as the Bangko Sentral ng Pilipinas (BSP) continues to extend regulatory relief measures amid the pandemic. BSP Governor Benjamin Diokno said the amount used as compliance […]
Read MoreWith well over a million users, China’s leading mobile-payments system, Alipay, posted $17.3 trillion in payment volume in China alone and $91.2 billion from abroad. Alipay generated $8.049 billion primarily from merchant-acceptance fees during its fiscal year ending June 2020. Because of this, Ant Group, Alipay’s parent company, is eyeing to raise some $34.5 billion […]
Read MoreMANILA, Philippines — Economists of private banks have raised their inflation forecasts for 2020 as recovery starts following the government’s decision to gradually reopen the economy, according to the Bangko Sentral ng Pilipinas (BSP). Dennis Lapid, director of the BSP’s Department of Economic Research (DER), said the results of the central bank’s survey of private […]
Read MoreMANILA, Philippines — The Philippines continues to fail in producing enough food for the growing population as the country’s rice self-sufficiency has declined to 79.8 percent in 2019, resulting in higher import dependency for Filipinos’ main staple. Based on a report from the Philippine Statistics Authority (PSA), the country’s self-sufficiency ratio (SSR) of rice settled […]
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