Exports to fall short of gov’t target
THE OUTLOOK for the export industry remains grim amid the global economic slowdown. — PHILIPPINE STAR/EDD GUMBAN By Jenina P. Ibañez, Reporter EXPORT REVENUES will likely reach at least $100 billion in 2022, about a fifth lower than the projected $122 to
Some PHL-based foreign companies plan to reduce operations, survey shows
A BIGGER percentage of foreign firms in the Philippines are considering reducing their operations as a result of the coronavirus pandemic compared with those in other Asian economies, a survey released on Monday said. The Economic Research Institute for ASEAN and
Analysts’ November inflation rate estimates (2020)
THE headline inflation rate in November likely quickened as a recent spate of typhoons pushed the prices of food and agricultural products higher, economists said. Read the full story.
Inflation likely picked up in Nov. — poll
FARMERS try to recover whatever they can after rice fields in Cagayan Valley were flooded when Typhoon Ulysses swept through the region in November. — PHILIPPINE STAR/ MICHAEL VARCAS THE headline inflation rate in November likely quickened as a recent spate
10-month borrowings reach P3.2T
THE government’s total gross borrowings reached P3.224 trillion in the first 10 months of 2020, breaching its P3-trillion full-year target after receiving a new round of cash advances from the central bank. Data from the Bureau of the Treasury (BTr) showed
Megawide expects landports to boost foot traffic
By Denise A. Valdez, Senior Reporter MEGAWIDE Construction Corp. is bullish on building more transportation terminals and is open to working with mall operators as it continues to garner high foot traffic despite the coronavirus pandemic. While traditional malls are suffering from
Cooperation — and smiles — are needed to lift the travel industry
By Zsarlene B. Chua, Senior Reporter IT’S no secret that global tourism is one of the industries that has borne the brunt of the current COVID-19 (coronavirus disease 2019) pandemic, with health and safety protocols and blanket quarantines lassoing in the
SEC warns against two unauthorized investment groups
THE SECURITIES and Exchange Commission (SEC) is warning the public against engaging with groups that solicit investments from the public without a license to sell securities. In advisories on its website, the corporate regulator flagged Cashdrop/Cashdrop Online Store and Lokal.Plate Corp.
Lenders, tech firms adjust to e-payments shift
FINANCIAL INSTITUTIONS are boosting their capabilities to ensure they can accommodate the needs of consumers and merchants in their shift to digital payments amid the coronavirus pandemic. While systems put in place by regulators and financial players to facilitate digital transactions
‘Imagination machine’ seen as next step in firms’ post-pandemic planning
THE PHASE of trying to rebound from the coronavirus pandemic is still ongoing for most businesses, but a key to make the most of the disruption is to start reimagining for a new future. Following months of reacting to the immediate