OFW remittances fell 5% in March
Dollars sent home by expatriate Filipinos declined in March, marking the first time that the impact of the coronavirus pandemic was manifested in monthly remittances, a key pillar of the…
March dollar remittances drop as more Pinoys lose Middle East oil industry jobs
Dollars sent home by expatriate Filipinos declined in March, marking the first time that the impact of the coronavirus pandemic was manifested in monthly remittances which are a key pillar…
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…
PSEi shoots past 6,200, highest since March
The local stock barometer surged to the 6,200 mark on Wednesday, hitting its highest level since the number of new coronavirus disease (COVID-19) cases began to rise in the country…
First quarter dollar gap narrows with strong March inflow, says BSP
The Philippines earned more dollars than it spent for the second consecutive month last March, which resulted in a narrower deficit of fund flows with other countries in the first…
Dip in March exports, imports blamed on pandemic-disrupted supply chain
MANILA, Philippines – Global and domestic supply chain disruptions caused by the COVID-19 pandemic, which limited movement not only of people but also of goods, inflicted a sharp drop in…
COVID-19 impact: Production in factories down in March
Factory production declined in March as supposedly nonessential manufacturing ground to a halt at the start of a lockdown meant to stop transmission of SARS Cov2, the virus that causes…
PH debt reached new high in March: P8.18 trillion
National government debt rose slightly in March to P8.18 trillion, or twice the national budget in 2020, as an increase in domestic borrowing that month offset payments made on foreign…
BSP’s March dollar reserves up, boosting peso’s strength
MANILA, Philippines — The Philippines’ dollar reserves rose for the second month in a row despite the onset of the coronavirus crisis in March, thanks to the central bank’s foreign…
S. Korea’s credit card loans soar in March amid COVID-19 fallout
SEOUL — South Korea’s credit card loans soared 25.6 percent on-year in March, amid the prolonged economic fallout of the COVID-19 outbreak, industry data showed Wednesday. Seven major credit card…