Credit to Author: Mayvelin U. Caraballo, TMT| Date: Mon, 02 Mar 2020 16:20:36 +0000
The Philippine manufacturing sector continued to expand in February, with the Purchasing Managers Index (PMI) hitting a 15-month high, the latest IHS Markit survey showed. Results released on Monday revealed the indicator rose to 52.3 from 52.1 in the previous month. The figure is the highest since the 54.2 recorded in November 2018. The PMI […]
Read moreCredit to Author: Mayvelin U. Caraballo, TMT| Date: Mon, 02 Mar 2020 16:19:37 +0000
THE outstanding debt of the national government rose to P7.76 trillion at the end of January this year, mainly due to net availment of foreign financing, the Bureau of the Treasury (BTr) reported on Monday. In a statement, the BTr said the amount was a 0.4-percent or P32.05-billion increase from the P7.73 trillion posted at […]
Read moreCredit to Author: Tyrone Jasper C. Piad| Date: Fri, 28 Feb 2020 17:09:17 +0000
ALBAY Second District Rep. Jose Maria Clemente “Joey” Salceda assured the public that the country’s security would not be compromised despite the expected easing of restrictions on foreign ownership of certain businesses, including those in telecommunications and transportation, should his bill amending the 84-year-old Public Service Act (PSA) is enacted. On the sidelines of The […]
Read moreCredit to Author: Mayvelin U. Caraballo, TMT| Date: Fri, 28 Feb 2020 17:05:22 +0000
THE country’s inflation likely eased to as low as 2.4 percent or accelerated to as high as 3.2 percent this month, the Bangko Sentral ng Pilipinas (BSP) said on Friday. The range projected by the central bank’s Department of Economic Research compares with January’s 2.9 percent, but lower than the 3.8 percent posted in February […]
Read moreCredit to Author: Tyrone Jasper C. Piad| Date: Fri, 28 Feb 2020 17:03:21 +0000
LISTED SM Investment Corp.’s net income rose to P44.6 billion last year on the strong financial performance of its property and banking units. In a disclosure on Friday, the Sy-led conglomerate said the amount was a 20-percent increase from the P37.1 billion posted in 2018. Consolidated revenues, meanwhile, climbed by 12 percent to P501.7 billion […]
Read moreCredit to Author: Lisbet K. Esmael| Date: Fri, 28 Feb 2020 17:01:10 +0000
PHILIPPINE Airlines on Friday began laying off as many as 300 employees to reduce its financial losses, which were exacerbated by the recent Taal Volcano eruption and the continued spread of the coronavirus disease 2019 (Covid-19) worldwide. In an email sent to select PAL employees, a copy of which was secured by The Manila Times, […]
Read moreCredit to Author: Jordeene B. Lagare| Date: Fri, 28 Feb 2020 16:51:24 +0000
THE Power Sector Assets and Liabilities Management Corp. (Psalm) on Friday refuted San Miguel Corp.’s claim that it learned of its payables from the media instead of the state-run corporation. Earlier, SMC maintained its power arm, South Premiere Power Corp. (SPPC), has not received any billing statement from Psalm regarding the unpaid amount of P23.94 […]
Read moreCredit to Author: Lisbet K. Esmael| Date: Thu, 27 Feb 2020 16:50:10 +0000
FLAG carrier Philippine Airlines (PAL) will continue flying between the Philippines and South Korea, but under new guidelines released after the government imposed a limited ban on Filipinos traveling to the East Asian country, which saw its cases of the coronavirus disease 2019 (Covid-19) dramatically spike. In a Viber message on Thursday, PAL Spokesman Cielo […]
Read moreCredit to Author: Mayvelin U. Caraballo, TMT| Date: Thu, 27 Feb 2020 16:45:04 +0000
THE Department of Finance (DoF) maintained the country’s fiscal health last year by collecting more taxes and keeping its exposure to the debt market manageable. In its report, the Finance department said its total revenue collection reached P3.14 trillion in 2019, up 10.1 percent from the 2018 figure. Of the total, tax collections reached P2.83 […]
Read moreCredit to Author: Tyrone Jasper C. Piad| Date: Thu, 27 Feb 2020 16:40:02 +0000
Bargain-hunting somehow provided relief to the local bourse on Thursday, but it was not enough to break above the 7,000 level. The benchmark Philippine Stock Exchange index (PSEi) added 0.84 percent or 58 points to close at 6,967.84, while the wider All Shares gained 0.49 percent or 20.30 points to finish at 4,149.67. “The market […]
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