THE PESO sank to the P55-per-dollar level on Tuesday as January headline inflation was faster than expected and amid hawkish signals from the US Federal Reserve. The local currency closed at P55.085 versus the greenback on Tuesday, declining by 69.5 centavos from Monday’s P54.39 finish, data from the Bankers Association of the Philippines showed. The […]
HEADLINE INFLATION likely cooled in January as weaker demand, the peso’s appreciation against the US dollar, and slower growth in food prices offset the rise in utility rates and pump prices. Read the full story.
A LONE Cebu-based graduate made it to the top 10 in the recently concluded Architect Licensure Examinations (ALE), the Professional Regulation Commission (PRC) announced Wednesday, Feb. 1, 2023. Angel Phebles Lopina Altejar, who graduated from the University of San Carlos, landed fifth in the January 2023 ALE. She obtained an 82.80 percent rating. Meanwhile, Bhing-Bhing […]
THE Bureau of Customs (BoC) said it surpassed its collection target for January with revenue of P65.801 billion in the Jan. 1-27 period. Collections had exceeded the target by 11% four days before the end of the month, it said in a statement. The total was also 13.2% higher than the year-earlier collection. For 2023, […]
TOKYO, Jan 31, 2023 – (JCN Newswire via SEAPRWire.com) – Mazda Motor Corporation’s production and sales results for December 2022 and for January through December 2022 are summarized below. I. Production 1. Domestic Production (1) December 2022Mazda’s domestic production volume in December 2022 decreased 20.2% year on year due to decreased production of passenger vehicles. […]
Here’s a quick glance at how PSEi stocks fared on Tuesday, January 24, 2023.
Here’s a quick glance at how PSEi stocks fared on Friday, January 20, 2023.
London, UK, December 30, 2022 – (SEAPRWire) – UK Intis Telecom LTD announces the launch of the new top-level domain name zone (TLD) – it.com. This new domain name extension represents a new & intelligent solution to the ever-depleting availability of great, short, and easy-to-remember domain names in other zones. The domain name has been in Conditional […]
JG SUMMIT Holdings, Inc.’s nine-month core net income reached P6.5 billion, more than 10 times the P600 million posted in the same period last year, as the Gokongweis’ consumer-facing businesses improved. “Our core businesses in food, airline, real estate and banking continue to benefit from the sustained strong demand brought about by the increase in […]
THE National Government’s budget deficit widened to P23.4 billion in January, as spending increased due to the release of tax allotments to local government units (LGUs). Data from the Bureau of the Treasury released on Thursday showed the January fiscal gap jumped by 66.3% from the P14.1-billion deficit a year earlier. Month on month, the […]
By Mariedel Irish U. Catilogo The Philippines’ unemployment rate fell to a two-year low in January as the size of the workforce shrank due to stricter mobility curbs in the capital region, the government said. Preliminary results of the Philippine Statistics Authority’s (PSA) January round of the Labor Force Survey showed the jobless rate stood […]
The country’s jobless rate eased to two-year low as the size of the Filipino workforce decreased amid the Omicron-driven movement restrictions in January. Preliminary results of the Philippine Statistics Authority’s January round of the Labor Force Survey showed unemployment rate eased to 6.4% from 6.6% in December and 8.8% in January last year. This was […]
THE NONPERFORMING loan ratio (NPL) of the banking industry increased in January after five straight months of decline, reflecting the impact of tighter restrictions that month. Preliminary data released by the Bangko Sentral ng Pilipinas (BSP) on Tuesday showed the gross NPL ratio of the Philippine banking system went up to 4.14% in January from […]
BANK lending expanded for the sixth consecutive month in January, based on the latest data released by the Bangko Sentral ng Pilipinas (BSP) on Monday.Outstanding loans of universal and commercial banks, net of reverse repurchase payments with the BSP, expanded by 8.5 percent in January from the revised 4.8 percent in December, the central bank […]
HIROSHIMA, Japan, Feb 25, 2022 – (JCN Newswire via SEAPRWire.com) – Mazda Motor Corporation’s production and sales results for January 2022 are summarized below. I. Production 1. Domestic ProductionMazda’s domestic production volume in January 2022 decreased 2.0% year on year due to decreased production of passenger vehicles. [Domestic production of key models in January 2022]CX-5: […]
Toyota City, Japan, Feb 25, 2022 – (JCN Newswire via SEAPRWire.com) – Toyota Motor Corporation (TMC) announces its sales, production, and export results for January 2022, including those for subsidiaries Daihatsu Motor Co., Ltd. and Hino Motors, Ltd. In January 2022, although global sales were down year-on-year, sales were generally flat from the previous year. […]
The Philippines posted the smallest net inflow of foreign portfolio investments in five months in January, as a surge in coronavirus disease 2019 (COVID-19) infections dampened sentiment. Data released by the Bangko Sentral ng Pilipinas (BSP) on Thursday evening showed hot money registered a net inflow of $14.6 million in January, 85% lower than the […]
THE surge in cases in Cebu fueled by the Omicron variant of Sars-CoV-2, the virus that causes coronavirus disease (Covid-19), has peaked, according to a regional health official.Th…
THE country’s headline inflation rate has further eased to three percent in January from 3.2 percent a month ago, the Philippine Statistics Authority (PSA) reported Friday, Feb. 4,…
THE Bureau of Customs (BOC) Port of Cebu has collected P3.3 billion in revenues for January 2022.This is 70.54 percent higher than its assigned target of P1.941 billion, for a surp…