Credit to Author: LISBET K. ESMAEL| Date: Tue, 18 Jun 2019 16:20:01 +0000
A DAY after it was first reported, flag carrier Philippines Airlines (PAL) confirmed on Tuesday that its President and Chief Operating Officer Jaime J. Bautista was retiring and that Executive…READ
The post Tan daughter takes over PAL appeared first on The Manila Times Online.
Read moreCredit to Author: JORDEENE B. LAGARE| Date: Tue, 18 Jun 2019 16:18:16 +0000
THE number of Filipino households with electricity has reached a record 13 million, the National Electrification Administration (NEA) reported. This means an average of 275,238 new connections or a 2-percent…READ
The post NEA: PH households with power up to 13M appeared first on The Manila Times Online.
Read moreCredit to Author: JORDEENE B. LAGARE| Date: Tue, 18 Jun 2019 16:17:55 +0000
A partnership for more investments in clean energy projects across Asia Pacific has been forged by the Asian Development Bank (ADB) and the United States Agency for International Development (Usaid)….READ
The post Private investments eyed for clean energy projects appeared first on The Manila Times Online.
Read moreCredit to Author: MAYVELIN U. CARABALLO, TMT| Date: Mon, 17 Jun 2019 16:17:19 +0000
MONEY sent home by overseas Filipino workers (OFWs) reached $10.811 billion in the first four months of 2019, a 3.7-percent increase from $10.426 billion in the same period last year,…READ
The post OFW remittances hit $10.8B in Jan-April appeared first on The Manila Times Online.
Read moreCredit to Author: MAYVELIN U. CARABALLO, TMT| Date: Mon, 17 Jun 2019 16:16:07 +0000
THE country’s monetary authorities are likely to pause on reducing interest rates at their upcoming meeting on Thursday, according to HSBC. In a recent report, the banking giant’s Global Economic…READ
The post HSBC: Policy rate cuts unlikely at BSP meeting appeared first on The Manila Times Online.
Read moreCredit to Author: ANGELICA BALLESTEROS, TMT| Date: Mon, 17 Jun 2019 16:15:08 +0000
Due to the heavy outflow of foreign funds, the local stock market fell for the second day on Monday. The bellwether Philippine Stock Exchange index (PSEi) dropped by 1.02 percent…READ
The post PSEi down on net foreign selling appeared first on The Manila Times Online.
Read moreCredit to Author: THE MANILA TIMES| Date: Mon, 17 Jun 2019 16:14:11 +0000
AUTOMOBILE sales grew by double digits month-on-month in May, but remained flat year-on-year, according to the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) and the Truck Manufacturers Association…READ
The post Auto sales rise 20.2% in May appeared first on The Manila Times Online.
Read moreCredit to Author: MAYVELIN U. CARABALLO, TMT| Date: Sun, 16 Jun 2019 16:14:04 +0000
THE country’s outstanding external debt reached $80.431 billion in the first quarter of 2019, up from figures posted three months and a year earlier, data released by the Bangko Sentral…READ
The post External debt hits $80B in Q1 appeared first on The Manila Times Online.
Read moreCredit to Author: MAYVELIN U. CARABALLO, TMT| Date: Sun, 16 Jun 2019 16:13:37 +0000
THE Bangko Sentral ng Pilipinas (BSP) expects an increase in gross international reserves (GIR) this year on the back of its positive outlook on foreign portfolio investment flows. “In the…READ
The post BSP sees higher GIR this year appeared first on The Manila Times Online.
Read moreCredit to Author: MAYVELIN U. CARABALLO, TMT| Date: Fri, 14 Jun 2019 16:20:17 +0000
Govt expenditures in first four months reached almost P1T STATE infrastructure and capital spending fell to P28.3 billion in April on account of the late implementation of public-works projects. In…READ
The post Infra, capital spending drops by 56% in April appeared first on The Manila Times Online.
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