New normal gives rise to insurance products

FILIPINOS’ positive experiences with online transactions have led to the increase in the purchases of insurance and investment products, a recent study of an insurance firm showed. The new study, “The Modern Filipino Family: Exploring family dynamics and digitalization in the new normal,” by Manulife Philippines showed that most Filipinos recognize the convenience (45 percent), […]

September inflation quickens to 6.9%

THE country’s headline inflation rate rose to 6.9 percent in September, significantly higher than the 6.3 percent in August this year. This is the highest recorded inflation since October 2018, the Philippine Statistics Authority said Wednesday, Oct. 5, 2022. September inflation in Central Visayas also accelerated to 8.1 percent from 7.4 percent in August. With […]

Housing prices up in Q2

HOUSING prices continued to rise in the second quarter of 2022, according to the least report by the Bangko Sentral ng Pilipinas (BSP).The Residential Real Estate Price Index (RREPI) rose by 2.6 percent and 1.6 percent compared with year-ago and quarter-ago levels, respectively. Housing prices recovered from the quarter-on-quarter (QoQ) contraction in the first quarter […]

Smartphone shipments drop due to low demand, inflation

SMARTPHONE shipments to the Philippines declined by 3.1 percent in the second quarter of 2022 compared last year due to rising costs, according to the International Data Corp.’s (IDC) Quarterly Mobile Phone Tracker.Its quarter-on-quarter (QoQ) growth grew 9.1 percent, shipping 4.3 million units in the second quarter.“The number of smartphone shipments below US$200 improved significantly […]

Vivant PRofit falls

CEBU-BASED Vivant Corp. said its second-quarter attributable profit dropped by 23.5 percent to P416.88 million in the second quarter from P544.67 million in the same period last year.Vivant said its revenues stood at P1.59 billion, down three percent compared with P1.64 billion in the same period last year, based on its quarterly report filed with […]

ABS-CBN to buy 35% stake in TV5 Network

MEDIA giant ABS-CBN Corp. has agreed to acquire 35 percent of free-to-air television company TV5 Network Inc., while selling stakes in its cable television service partly to fund the buyout.ABS-CBN will buy shares in TV5 for P2.16 billion ($38.9 million), the companies said in a statement disclosed to the stock exchange Thursday. With the deal, […]