PHILIPPINE STAR/MICHAEL VARCAS By Beatrice M. Laforga, Reporter ECONOMIC MANAGERS once again slashed macroeconomic growth targets for this year as coronavirus-related quarantine restrictions continue to be implemented in parts of the country, but remained hopeful the economy will see a strong recovery starting in 2021. “The Philippines has endured the worst economic impacts of the […]Read More
The Philippines’ unemployment rate stood at 8.7% in October, easing from the 10% in July but still higher than the 4.6% in October 2019, the statistics authority said. — PHILIPPINE STAR/EDD GUMBAN THE country’s unemployment rate further eased in October from record levels in April, as the economy continued to gradually reopen, the Philippine Statistics […]Read More
THE country’s unemployment rate further eased in October from record levels in April, as the economy continued to gradually reopen, the Philippine Statistics Authority (PSA) reported on Thursday. Read the full story. Advertisement Read More
REUTERS THE Philippines raised $2.75 billion (P132 billion) from its second dollar-denominated bond sale this year as it seeks to boost state coffers amid the economic slowdown. The Bureau of the Treasury (BTr) sold $1.5 billion in 25-year dollar-denominated global bonds, and $1.25 billion in 10.5-year dollar bonds, National Treasurer Rosalia V. de Leon confirmed […]Read More
PHILIPPINE STAR/EDD GUMBAN By Jenina P. Ibanez, Reporter THE Trade department is reviewing its long-term export targets after the pandemic-induced global downturn stymied the sector’s growth. Trade Undersecretary Abdulgani M. Macatoman said the Philippine Export Development Plan (PEDP) 2018 to 2022 is now being reassessed in light of current developments. Signed by President Rodrigo R. […]Read More
By Arjay L. Balinbin, Senior Reporter MOODY’S INVESTORS Service on Thursday said it expects the revenue growth of Philippine telecommunications companies to remain stable in 2021. “Revenue growth of operators in emerging markets will remain stable,” Moody’s Investors Service said in its 2021 outlook report for the telecommunications sector in Asia Pacific. Emerging markets refer […]Read More
THE RESOURCE RECOVERY arm of Republic Cement Services, Inc., ecoloop, plans to co-process a minimum of 10 million plastic sachets or bags per day by next year as part of its efforts to alleviate the country’s waste problem, officials said on Thursday. Republic Cement President and CEO Nabil Francis said this is an “ambitious” target […]Read More
GLOBE TELECOM, Inc. announced on Thursday that it had signed a P5-billion loan facility with the Land Bank of the Philippines. In a disclosure to the stock exchange, the Ayala-led telco said the loan would be used to finance its general financing and corporate requirements for capital expenditures (capex). Globe said it spent P33.4 billion […]Read More
1 of 6 THE NINE-PIECE pop folk band Ben&Ben sits atop the list of most streamed artists in the Philippines in this year’s Spotify Wrapped 2020, the music streaming service’s annual compilation of what people listened to and enjoyed within the year. The band, known for its sentimental songs such as “Lifetime,” “Sa Susunod na […]Read More
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