HSBC sees 3.9% PH GDP contraction
HSBC Private Bank’s investment experts Cheuk Wan Fan and Willem Sels British banking giant HSBC sees the Philippines heading to its deepest economic contraction in three decades this year due…
Fitch Solutions sees greater investment risk in PH media/telecom space
MAY 23, 2020The facade of ABS-CBN network headquarters in Quezon City. The NTC ordered ABS CBN to cease and desist from broadcasting on television and radio program ( last May…
Investment guru sees opportunities in post-COVID era
Assetplus Asset Management Chairman Chen Kang speaks during an interview with The Korea Herald at his company’s headquarters in Pangyo, Gyeonggi Province. (Park Hyun-koo/The Korea Herald) SEOUL — In his…
IMF sees PH economy shrinking 3.6% in 2020
MANILA, Philippines — The International Monetary Fund (IMF) has further downgraded its economic outlook for the Philippines, projecting gross domestic product (GDP) to shrink by 3.6 percent this year. The…
COVID-19 impact: DOLE sees 40% drop in OFW remittances for 2020
MANILA, Philippines — The Department of Labor and Employment (DOLE) is seeing a decrease in remittances from overseas Filipino workers (OFWs) by up to 40 percent or around $13 billion…
Puyat sees strong recovery of tourism industry from pandemic effects
MANILA, Philippines – The tourism industry can bounce back stronger from the effects of the various quarantine levels imposed nationwide to prevent the spread of COVID-19, Tourism Secretary Bernadette Romulo-Puyat…
D&L sees “reasonable” recovery by Q4
D&L president Alvin Lao Plastic and food input producer D&L Industries sees “reasonable” business recovery coming by the fourth quarter of this year amid challenges arising from the coronavirus pandemic…
PMI sees switch to smoke-free, ‘better’ nicotine alternatives
MANILA, Philippines – With the support of regulators, civil society and public health community, combustible cigarettes sales can end in 10 to 15 years in many places as smokers switch…
WB sees PH poverty worsening in COVID-19 recession
Recession in the Philippines was likely to lead to worsening poverty and a delay by two years in the country’s bid to become an upper middle class country, according to…
CLI sees robust housing sales despite ECQ
CLI founder, president and CEO Jose Soberano with wife Marose (EVP and treasurer) and son Franco (SVP and COO) Despite the coronavirus (COVID-19) pandemic and consequent lockdown protocols, property developer…