Business

BOP back to surplus in July

August 19, 2014 9:49 pm

The Philippines reversed its balance of payments (BOP) deficit in June and posted a surplus in July, with government foreign exchange deposit rising, the central bank generating higher income from foreign investments and positively managing its foreign exchange operations. The … Read more »

Low income, poor infra key growth constraints – S&P

August 19, 2014 9:45 pm

The Philippine government remains highly supportive of the country’s banking system, but low incomes and poor infrastructure remain as key constraints to the country’s economic growth, ratings agency Standard and Poor’s said. In its Banking Industry Country Risk Assessment released … Read more »

BSP broadens Filipino access to finance in unserved areas

August 19, 2014 9:43 pm

the banking system in the Philippines has become more inclusive over the years, widening its reach into previously unserved areas to boost the number of deposit accounts and expanding banks’ loan portfolios, a new report released by the central bank … Read more »

PH stocks sustain gains on Wall Street rally

August 19, 2014 9:43 pm

THE Philippine Stock Exchange index (PSEi) extended its gains for a second day on Tuesday, tracking the upbeat performance of overseas markets particularly the overnight rally on Wall Street as geopolitical concerns over Ukraine eased. US markets rallied overnight with … Read more »

Laguna Lakeshore project draws 14 potential bidders

August 19, 2014 9:29 pm

The P152-billion Laguna Lakeshore Expressway-Dike, the government’s biggest public-private partnership (PPP) project to date, has garnered interest from 14 companies. PPP Center Executive Director Cosette Canilao said in text message that 14 interested bidders bought bid documents for the infrastructure … Read more »

Export council proposes $100-B export target for 2016

August 19, 2014 9:28 pm

The Export Development Council (EDC), which is composed of representatives from the government and private sector, has proposed an export target of $100 billion for 2016 in the draft Philippine Export Development Plan (PEDP) for 2014-2016. The PEDP is expected … Read more »

Foreign investments here to stay but not the dividends

August 19, 2014 9:00 pm

Foreign investors, who invest in companies listed in the Philippine Stock Exchange, are here to stay. No administration, be it in the past or in the present, can claim to enjoy the monopoly of attracting permanent investments on listed stocks … Read more »

‘GDP likely bounced back to 7% in Q2’

August 18, 2014 11:06 pm

Growth in the Philippine economy likely got back on target in the second quarter of the year after veering off the desired range in the first three months, with the manufacturing sector contributing largely to the recovery, a government economist … Read more »

Inflation to show ‘blips’ but within target – BSP

August 18, 2014 11:06 pm

The central bank still expects inflation to average within its target ranges for 2014 and 2015, but it warned that consumer prices may see some blips, or sharp fluctuations, during the period amid supply constraints. “Our view is that within … Read more »

PH stocks propped up by strong earnings

August 18, 2014 11:05 pm

PHILIPPINE stocks were slightly higher on Monday as bargain-hunting activity, particularly in companies that reported good results for the first half, outpaced profit-taking mostly in underperforming stocks. Astro del Castillo, managing director at First Grade Finance Inc., said over the … Read more »