Factory output fell to 20-year low in April
The volume and value of products churned out by the country’s factories fell to a 20-year low in April amid the enhanced community quarantine (ECQ)—among the most restrictive COVID-19 lockdowns…
Gov’t infra spending to rebound in 2021
While infrastructure spending took a back seat to big financing needs for COVID-19 response this year, the Department of Budget and Management (DBM) said big-ticket projects would be allocated a…
Inflation eased to 6-month low of 2.1% in May
As transport costs fell while most Filipinos stayed at home during the COVID-19 quarantine, inflation eased to a six-month low of 2.1 percent year-on-year in May, the government reported on…
Phoenix launches rewards program for PUV drivers
Phoenix Petroleum Philippines Inc. has launched a rewards program for patrons who drive public-utility vehicles (PUV) and who lost their livelihood due to the COVID-19 pandemic, as it touts having…
PAL losses widened to P9.4B in 1st quarter
The listed operator of Philippine Airlines (PAL) posted a P9.4-billion loss in the first quarter of 2020, reflecting the staggering impact the new coronavirus disease (COVID-19) pandemic has unleashed on…
Somber reality for virus-hit businesses brings PSEi rally to a halt
Despite its strong rebound from the lows in March when the number of COVID-19 cases started picking up in the country, the stock market is still not out of the…
Metrobank’s latest bond issue raises P10.5B
Ty family-led Metropolitan Bank & Trust Co. has raised P10.5 billion from a fresh foray into the local bond market, generating funds to help oil the needs of the economy…
Vehicle sales down 66% in March
Vehicle sales dropped by nearly 66 percent in March from the level in the same month a year ago, a joint report of the Chamber of Automotive Manufacturers of the…
Drug firms urge gov’t to defer price ceiling law
A group of pharmaceutical companies wants the government to temporarily set aside a price ceiling that had cut the retail prices of certain drugs, citing the impact the pandemic made…
UK think tank: New coronavirus infections rising in PH after lockdown eased
Economic recovery in the Philippines and three other countries in Asia is seen to lag behind their neighbors as they continue to struggle to contain the spread of SARS Cov2,…