BSP lowers balance of payments projections

The Bangko Sentral ng Pilipinas (BSP) lowered the country’s balance of payments (BoP) surplus projection for this year, reflecting the lower current account surplus and the risks arising from the spread of the more infectious coronavirus variant and delays in the vaccine rollout.  The Monetary Board on Thursday approved the revised BoP projections for 2021 and 2022.  The BoP is now projected […]

SEC wants over 800 companies listed at the stock exchange by 2024

The Securities and Exchange Commission (SEC) is encouraging more companies to tap the capital markets, in hopes that there would be over 800 companies listed at the Philippine Stock Exchange (PSE) by 2024.    “We challenge ourselves that by the time we celebrate our 88th year anniversary on November 11, 2024, there are at least 888 companies that […]

Metro Manila retail price growth slowest in five months in July

RETAIL PRICE growth of general goods in the National Capital Region eased to its slowest pace in five months in July, the Philippine Statistics Authority (PSA) reported on Friday.  The general retail price index (GPRI) registered a 1.8% growth in July, decelerating from the 2% rise in June but faster than the 1.5% a year ago.  The July performance marked […]

Exporters call for changes to PHL shipping rules

Exporters and logistics groups are proposing longer-term changes to Philippine shipping rules to allow domestic ships to carry out international trade.   Royal Cargo, Inc. subsidiary Iris Logistics, Inc. will soon transport containers carrying export products to the United States amid a global container shortage that has led exporters to flag logistics delays and higher freight […]

Pandemic disrupts PHL’s sustainable development gains: Chua

THE COUNTRY’S progress towards achieving the sustainable development goals (SDGs) laid out by the United Nations has been affected by the pandemic, Socioeconomic Planning Secretary Karl Kendrick T. Chua said.  “We will be seeing some changes, but it doesn’t mean that they are insurmountable. We have seen some of these indicators where we have significant […]

DTI flags digital gap among businesses

A TRADE department official has flagged a potentially worsening digital gap among enterprises in the Philippines, pointing to the need for policies that address the divide.  Philippine firms that have adopted high-level technologies in their operations are usually large enterprises, exporters, and firms with foreign direct investment, Trade Undersecretary Rafaelita M. Aldaba said at a […]

Maynilad, DoT partner for wastewater drive

MAYNILAD Water Services, Inc. partnered with the Department of Tourism (DoT) on a wastewater management campaign to increase public awareness on environmental protection and sustainable tourism. The west zone water concessionaire signed an agreement with DoT on Thursday to launch the “Maynilad Kubeta PH X It’s More Fun in the Philippines” partnership. Under the partnership, […]

LANDBANK OKs P2.3B in loans for acquisition of 1,093 PUVs 

STATE-RUN Land Bank of the Philippines (LANDBANK) on Thursday said it approved P2.32 billion in loans as of August for the purchase of 1,093 modern public utility vehicles (PUV).  The bank said the financing is part of the SPEED PUV (Special Package for Environment-Friendly and Efficiently-Driven Public Utility Vehicles).  “Another P4 billion is being processed […]