1.9M students ‘return’ to school

THE classes for school year 2021-2022 in public basic education schools in the Philippines officially start Monday, Sept. 13, 2021 amid the Covid-19 pandemic, with nearly two million students in Central Visayas enrolled two days before the opening of classes. Some private schools in the region started ahead of Sept. 13. Department of Education (DepEd) […]

June FDI bounces back

By Beatrice M. Laforga, Reporter  Foreign direct investments (FDI) rebounded in June on base effects and an improving economic landscape, according to the latest central bank data.  FDI net inflows surged by 60.4% to $833 million from a year earlier, based on preliminary data from the Bangko Sentral ng Pilipinas (BSP). The net inflows nearly doubled from $433 million a month earlier.  This pushed first-half FDI net inflows higher by 40.7% […]

New pandemic measures seen helping rebound build momentum

THE ECONOMY has the potential to post a solid rebound next year if the government can effectively implement its “more integrated approach” to managing the pandemic, Moody’s Analytics said. It cited new strategies such as increased vaccine procurement and distribution and focused, “granular” lockdowns instead of a broader quarantine declared over larger areas, it said. […]

Mazda Production and Sales Results for July 2021

TOKYO, Aug 30, 2021 – (JCN Newswire via SEAPRWire.com) – Mazda Motor Corporation’s production and sales results for July 2021 are summarized below. I. Production 1. Domestic ProductionMazda’s domestic production volume in July 2021 decreased 19.3% year on year due to decreased production of passenger and commercial vehicles. [Domestic production of key models in July […]

Infrastructure seen key to preserving momentum amid weak consumption

INFRASTRUCTURE SPENDING holds the potential to support an economic recovery via job creation, with the consumption component that the economy traditionally depends on remaining weak, Maybank Investment Bank Economist Zamros Dzulkifli said. “If the government could push for infrastructure spending this year, we can expect the share of expenditure to keep rising and support the […]

Trade gap shrinks to smallest in 3 months

The country’s trade-in-goods deficit in June shrank to its smallest amount in three months, although this did not prevent the year-to-date shortfall from surging faster than in the previous year, the Philippine Statistics Authority (PSA) reported on Friday.  Preliminary PSA data showed merchandise exports during the month expanded by 17.6% year on year to $6.51 […]

Philippine manufacturing production rises for third month in a row

The country’s factory output sustained its rebound for the third straight month in June, the Philippine Statistics Authority (PSA) reported on Friday.  Preliminary results from the PSA’s latest Monthly Integrated Survey of Selected Industries showed the volume of production index surging by 453.1% year on year in June, faster than the revised 263.2% annual growth […]