TEN priority bills were adopted for passage by June 2 this year during the first Executive Committee Meeting of the Legislative-Executive Development Advisory Council (Ledac) in Malacañang on Monday, Feb. 13, 2023. The Ledac serves as a consultative and advisory body to President Ferdinand Marcos Jr., chairman of the National Economic and Development Authority Board, […]
Tag: june
Wholesale goods prices, NCR construction retail prices surge
THE growth in wholesale prices of general goods rose to their highest level in more than a decade in June, driven by the food index, the Philippines Statistics Authority (PSA) said. The general wholesale price index grew 9% year on year in June, against the 7.9% posted in May and the 2.2% reported a year […]
PH FDI net inflows in June drop by more than half to $471 million
THE Philippines recorded $471 million in net inflows of foreign direct investments (FDI) in June, the Bangko Sentral ng Pilipinas reported on Monday.June’s FDI net inflows went down 51.5 percent from the $971 million net inflows posted in June 2021, the central bank said in a statement.“In June 2022, FDI net inflows declined following the […]
Briones: Mindless idiots
The Department of Health (DOH) needs to move on. It no longer takes center stage in local affairs.I get it.The agency has been in the limelight ever since the coronavirus disease 2019 (Covid-19) arrived in the Philippines in January 2020. It probably thinks the pandemic show will run forever.But, as you all know, everything must […]
Sarawak Consolidated Industries Berhad Posts RM26.2 Million Revenue in 4Q
KUCHING, MALAYSIA, Aug 26, 2022 – (ACN Newswire via SEAPRWire.com) – Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) today announced that the Company recorded revenue of RM26.2 million for the fourth quarter ended 30 June 2022 mainly due to higher sales volume of foundation piles from the manufacturing division. Group Managing Director and Chief […]
Champion REIT Announces 2022 Interim Results
HONG KONG, Aug 19, 2022 – (ACN Newswire via SEAPRWire.com) – Champion Real Estate Investment Trust (Stock Code: 2778), the owner of Three Garden Road and Langham Place, announces its financial results for the six months ended 30 June 2022. Summary of financial results 1H 2022 1H 2021 ChangeTotal Rental Income (HK$ million) 1,196 1,260 […]
BankCom’s net income surges in Q2
BANK of Commerce’s (BankCom) net income more than doubled in the second quarter amid strong results across the lender’s core businesses, it said in a filing with the local bourse on Monday. BankCom’s net income for the April to June period was at P526.31 million, surging by 232.9% from the P158.03 million it posted in […]
Jobless Filipinos hit 2.99M in June
THE number of jobless Filipinos rose in June from the previous month but decreased from the same month last year, the Philippine Statistics Authority (PSA) reported Monday.Preliminary data showed that there were 2.99 million unemployed Filipinos during the month, 62,000 higher than the 2.93 million unemployed in May, and 781,000 lower than the 3.77 million […]
July inflation rose 6.4%, highest since October 2018
Headline inflation quickened to its fastest pace in nearly four years in July, mainly due to soaring prices of food and higher transport costs. Preliminary data from the Philippine Statistics Authority (PSA) showed the consumer price index (CPI) at the national level climbed 6.4% year on year in July, from 6.1% in June and 3.7% […]
Mazda Production and Sales Results for June 2022 and for January through June 2022
HIROSHIMA, Japan, Jul 29, 2022 – (JCN Newswire via SEAPRWire.com) – Mazda Motor Corporation’s production and sales results for June 2022 and for January through June 2022 are summarized below. I. Production 1. Domestic Production(1) June 2022Mazda’s domestic production volume in June 2022 increased 1.3% year on year due to increased production of passenger vehicles. […]
Expand PH capital market through digitalization, SEC told
FINANCE Secretary Benjamin Diokno urged the Securities and Exchange Commission (SEC) to continue expanding the country’s capital market through digitalization to support economic growth.“My marching order to you now is to make the Philippine capital market more broad-based and inclusive through digitalization and strengthened corporate governance,” said Diokno in a statement.The finance chief commended the […]
PHL vehicle sales accelerate in June
VEHICLE SALES in the Philippines accelerated by 27% in June, driven by increased demand for commercial vehicles. A joint report from the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association, Inc. (TMA) showed total vehicle sales reached 28,601 units in June, up by 26.8% from 22,550 units sold in the […]
Yields on gov’t debt rise on faster June inflation
YIELDS on government securities (GS)rose last week after inflation surged to its fastest level in nearly four years in June. GS yields, which move opposite to prices, rose by an average of 7.44 basis points (bps) week on week, based on the PHP Bloomberg Valuation (BVAL) Service Reference Rates as of July 8 published on […]
TDF yields rise on faster June inflation, hawkish BSP signals
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits climbed further on Wednesday following hawkish signals from the central bank chief and after June inflation hit a near four-year high in June. Demand for the term deposit facility (TDF) of the central bank totaled P479.514 billion on Wednesday, above the P300-billion offering as well […]
How much does each commodity group contribute to June inflation?
The headline inflation soared to 6.1% in June, the highest in more than three years, faster than 5.4% in May and 3.7% in June 2021. The headline figure settled within the Bangko Sentral ng Pilipinas’ 5.7%-6.5% forecast range for the month. It was also the third straight month that inflation went above the central bank’s […]
Peso sinks to fresh near 17-year low vs the dollar on faster June inflation
THE PESO sank to a new near 17-year low against the dollar as data released on Tuesday showed headline inflation was above 6% in June. — BW FILE PHOTO THE PESO hit a new near 17-year low against the dollar on Tuesday following the release of data showing June headline inflation was at 6.1%, an […]
Analysts’ June 2022 inflation rate estimates
PHILIPPINE INFLATION probably hit 6% in June amid spiraling oil and food prices and higher electricity rates, according to a median estimate of 16 analysts in a BusinessWorld poll last week, boosting the case for bigger increases in key interest rates. Read the full story.
BSP may consider bigger rate hikes
THE Philippine central bank would consider bigger key rate increases to support the peso and amid faster inflation, according to its new chief. “The key really is what’s the momentum of inflation,” Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla told reporters on Wednesday night. Still, he expects consumer spending to boost economic growth […]
Asia’s factories feeble despite China bounce, feeds global recession fears
TOKYO — Asia’s manufacturing activity stalled in June as many companies were hit by supply disruptions caused by China’s strict coronavirus disease 2019 (COVID-19) lockdowns, while sharp economic slowdown risks in Europe and the United States reinforced fears of a global recession. A string of surveys on Friday showed China’s factory activity bouncing solidly in […]
Seares: Why ex-‘usec’ Josephus Gimenez declined Mayor Rama’s job offer: ‘We don’t support the same president.’ People expect more from a garbage czar.
‘WITH RESPECT & POLITELY.’ A May 27, 2022 message of Atty. Josephus B. Gimenez to his companera and friend, retired Court of Appeals associate justice Portia Alino-Hormachuelos, was posted on Facebook thus: “With due respect & politely, I declined an offer to work in government again. I opted to serve the people through an NGO […]