Credit to Author: Lisbet K. Esmael| Date: Thu, 20 Feb 2020 17:26:12 +0000
THE stock market rose for the second straight day on Thursday, returning to the 7,400 level on optimism over China’s measures to combat the coronavirus disease 2019 (Covid-19), which first broke out there late last year. The Philippine Stock Exchange index (PSEi) grew by 0.22 percent or 16.06 points to close at 7, 413.00, while […]
Read moreCredit to Author: Mayvelin U. Caraballo, TMT| Date: Thu, 20 Feb 2020 17:20:01 +0000
FOREIGN investment approvals surged by more than a hundred percent in 2019, with three investment promotion agencies (IPAs) posting growth during the year, according to the Philippine Statistics Authority (PSA). Data from the statistics agency showed that seven monitored IPAs approved P390.11 billion in foreign pledges from January to December, up 112.77 percent from P183.34 […]
Read moreCredit to Author: The Manila Times| Date: Thu, 20 Feb 2020 17:10:46 +0000
The Philippine Ports Authority (PPA) posted a P7.280-billion net income last year, 47 percent better than its annual target of P4.941 billion. Latest data from PPA showed that its 2019 net income was 31 percent higher than the 2018 figure of P5.553 billion. Also, the latest figure is the highest in PPA’s history. The agency’s […]
Read moreCredit to Author: Mayvelin U. Caraballo, TMT| Date: Wed, 19 Feb 2020 17:37:23 +0000
S&P Global Ratings has trimmed its growth outlook for the Philippine economy this year as it believes the coronavirus disease 2019 (Covid-19) outbreak will weaken the country’s supply chains. The credit rating agency now projects Philippine gross domestic product (GDP) to expand by 6.1 percent, lower than its previous forecast of 6.2 percent. The updated […]
Read moreCredit to Author: Mayvelin U. Caraballo, TMT| Date: Wed, 19 Feb 2020 17:34:47 +0000
FINANCE Secretary Carlos Dominguez 3rd expects the Bureau of Customs’ (BoC) revenue collections to drop this month as the coronavirus disease 2019 (Covid-19) outbreak drags shipments from China, one of the Philippines’ major trading partners. “Total shipments dropped, but the majority of the drop is from China,” Dominguez told reporters on Tuesday night when asked […]
Read moreCredit to Author: Lisbet K. Esmael| Date: Wed, 19 Feb 2020 17:29:01 +0000
TAPIAN Lucio C. Tan Sr. has taken over the helm of PAL Holdings Inc., more than three months after his eldest son passed away. In a disclosure on Wednesday, the listed operator of flag carrier Philippine Airlines (PAL) reported that the magnate had been appointed as its president “on a concurrent capacity” with his role […]
Read moreCredit to Author: Jordeene B. Lagare| Date: Wed, 19 Feb 2020 17:25:05 +0000
AUTOMOBILES sold in January fell by double digits from a month and a year earlier, according to data from the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) and Truck Manufacturers Association (TMA), which blamed the recent Taal Volcano eruption for the drop. In a joint report released on Tuesday, the two groups said […]
Read moreCredit to Author: Jordeene B. Lagare| Date: Wed, 19 Feb 2020 17:15:16 +0000
PHILIPPINE shares surged on Wednesday as investors were buoyed by news of a potential cure for the coronavirus disease 2019 (Covid-19) and earnings by certain listed companies. The benchmark Philippine Stock Exchange index (PSEi) climbed by 1.01 percent or 74.05 points to end at 7,396.94, while the wider All Shares rose by 0.49 percent or […]
Read moreCredit to Author: Faye Almazan| Date: Wed, 19 Feb 2020 17:12:53 +0000
The Department of Trade and Industry (DTI) encouraged Toyota Motors Philippines (TMP) to make the Philippines the production hub of the Vios, the automotive manufacturer’s most popular car model. During TMP’s turnover ceremony for its new president on Monday night, Trade Secretary Ramon Lopez called on the carmaker to build more local parts to help […]
Read moreCredit to Author: Faye Almazan| Date: Wed, 19 Feb 2020 17:09:58 +0000
NOAH Business Applications is looking to expand their footprint outside the Philippines as they partner with the Department of Trade and Industry (DTI). “We have a five-year plan to really roll out the NOAH Business Applications in the international market,” NOAH Business Applications President and Chief Operating Officer Lofreda del Carmen told The Manila Times. […]
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