PH March imports down 6.8%, reverse 10.2% rise in Feb

May 26, 2015 11:23 am

Philippine merchandise imports dropped 6.8 percent in March, reversing robust growth rates in February this year and March of last year, preliminary data from the Philippine Statistics Authority (PSA) showed on Tuesday. Imports value in March fell to $5.11 billion … Read more »

Govt Q1 budget deficit narrows 60%

May 25, 2015 9:54 pm

But public spending lags despite 18% collection growth The budget deficit of the national government narrowed 60 percent in the first quarter of 2015 from a year earlier as the rise in public spending trailed the increase in revenue collection … Read more »

NFA should be ready to subsidize palay prices

May 25, 2015 9:47 pm

The National Food Authority (NFA) should be ready to buy locally grown palay (unhusked rice) if farmgate prices go down below the “profitable” level as a result of massive rice importation this year, according to a senior official of the … Read more »

Free trade deals boost exports – study

May 25, 2015 9:44 pm

BORACAY, Aklan: Free trade agreements do make a difference in boosting exports,according to an APEC Policy Support Unit report that was submitted to Asia-Pacific Economic Cooperation trade ministers at a meeting in Boracay, Aklan over the weekend. According to the … Read more »

PH stocks dip ahead of Q1 GDP

May 25, 2015 9:43 pm

Philippine shares slipped as investors mostly kept to the sidelines ahead of the first-quarter data on gross domestic product (GDP) due for release this week. The Philippine Stock Exchange index (PSEi) dropped 0.62 percent or 48.64 points to close at … Read more »

Peso weakest in nearly 2 weeks

May 25, 2015 9:39 pm

The peso closed at its weakest level against the dollar in nearly two weeks as the market worried about a possible policy rate hike by the Federal Reserve as soon as the present risks to the US economic outlook clear … Read more »

June 30 deadline set for Sasa wharf project

May 25, 2015 9:34 pm

The Department of Transportation and Communications (DOTC) has set June 30 as the deadline for the submission of pre-qualification documents for the P17-billion Davao Sasa Port modernization project. According to DOTC spokesman Michael Arthur Sagcal as of Monday there were … Read more »

APEC backs Manila’s MSME action agenda

May 25, 2015 9:32 pm

BORACAY, Aklan: The trade ministers of the 21 Asia Pacific Economic Cooperation (APEC) countries endorsed the Philippines’ Boracay Action Agenda which seeks to foster the participation of micro, small and medium enterprises (MSMEs) in the regional and global markets. The … Read more »

FPH expands Batangas ecozone for P1.4B

May 25, 2015 9:28 pm

The LOPEZ-LED First Philippine Holding Inc. (FPH) has expanded its Batangas ecozone operated by its unit Philippine Industrial Park (FPIP) by about a hundred hectares more amid strong interest from foreign manufacturing firms seeking to relocate in the country. “For … Read more »

Moody’s upgrades PNB to investment grade

May 25, 2015 9:25 pm

RATINGS firm Moody’s Investors Service has upgraded the credit rating of Philippine National Bank (PNB) to investment grade to reflect its improved credit profile. PNB’s long- and short-term ratings were raised two notches to Baa3/P-3 from its previous rating of … Read more »