Phinma income declines to P407M

Phinma Corp. registered an attributable net income of P406.83 million in the first half, lower by 7.8% than a year ago, amid higher costs caused by supply chain difficulties. The company’s topline grew by 10.4% to P8.63 billion while its costs rose by 18.2% to P1.04 billion. In a disclosure on Thursday, the company said […]

Jobless rate eases in April

By Bernadette Therese M. Gadon, Researcher The unemployment rate in April slowed to its lowest since the start of the pandemic as the size of the workforce shrank amid the disruptions caused by the ongoing Russia-Ukraine conflict. Preliminary results of the Philippine Statistics Authority’s (PSA) April round of the Labor Force Survey (LFS) on Friday […]

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 […]

Local sourcing can lower carbon footprint, boost supply chain — RS Components

By Angelica Y. Yang SOUTHEAST Asian firms can lower their carbon emissions by locally sourcing their products and ensuring a logistics supply chain that allows for flexibility, according to the Philippine-based industrial and electronics distributor. “If you’re buying within the region, that means you’re reducing the carbon footprint by reducing freight from buying from different […]