DBM: Public infra spending to rebound in 2021
While infrastructure spending took a backseat to big financing needs for COVID-19 response this year, the Department of Budget and Management (DBM) said big-ticket projects will be allocated a bigger…
Pandemic fallout to keep Philippine inflation in check, BSP says
MANILA, Philippines – Prices of basic goods and services will likely remain benign over the near term as the local economy continues to struggle with weak demand due to the…
Asian shares higher after jobless data snaps Wall Street rally
Shares were mostly higher in Asia on Friday after U.S. unemployment data gave the S&P 500 its first loss in five days. A man walks past an electronic stock board…
Metrobank raises P10.5B from new bond foray
Ty family-led Metropolitan Bank & Trust Co. has raised P10.5 billion from a fresh bond market foray that was warmly received by investors despite the challenging macroeconomic environment. The bonds,…
Amid ECQ, ‘record-high’ unemployment rate of 17.7% posted in April
MANILA, Philippines — The jobless rate climbed to a “record-high” of 17.7 percent at the height of the COVID-19 lockdown in April, the government reported Friday. Citing the preliminary results…
AllHome’s Q1 profit up 30%
Villar-led one-stop-shop home store AllHome Corp. grew its first quarter net profit by 30 percent year-on-year to P270.2 million, driven by sales from new stores that opened late last year,…
BPI sets sustainable funding framework
BPI prexy Cezar Consing Ayala-led Bank of the Philippine Islands has institutionalized a sustainable funding framework, expanding the green finance blueprint laid out last year, as it vowed to support…
Wall Street pauses, and S&P 500’s 4-day winning streak snaps
Wall Street paused on Thursday, and the S&P 500 fell for the first time in five days as stocks that had held steadiest through this year’s feverish swings gave back…
Still on a high from metro’s restart, PSEi breaks past 6,500
The local stock barometer rallied past a key barrier at 6,500 on Thursday to close at its highest level since the COVID-19 pandemic hit local shores in March. Tracking upbeat…
BSP tells Filipinos to practice ‘cyber hygiene’
Digital payments made through two of the country’s largest electronic fund transfer infrastructures surged to a record during the tightest period of the national lockdown imposed to prevent the spread…