S. Korea sees online shopping grow 190% since 2015
The proportion of mobile shopping of total online sales has increased by 25.6 percentage points in South Korea over the past five years. (Yonhap via The Korea Herald/Asia News Network)…
BSP sees steady inflation rate in May
The steady increase in fuel prices in May—after dropping sharply in the previous month at the height of the lockdown imposed to fight the coronavirus pandemic—may have pushed the country’s…
BSP sees steady inflation rate in May despite gas price hike
The steady increase of fuel prices in May—after dropping sharply in April at the height of the lockdown imposed to fight the COVID-19 pandemic—may have pushed the country’s inflation rate…
Neda chief sees 15-yr-high jobless rate amid recession
The Philippines’ jobless rate may hit double digits and rise to a 15-year high amid an ongoing recession, the country’s chief economist said on Friday (May 15). Asked in an…
MPIC sees 50% cut in capital spending
Infrastructure holding firm Metro Pacific Investments Corp. (MPIC) has turned more optimistic on reaching a “bankable” new concession deal for Maynilad Water Services Inc. through an out-of-court settlement with the…
Dominguez sees P1 trillion deficit as expenses for COVID-19 pile up
As spending for COVID-19 response pile up while revenue collection slows down during the pandemic, Finance Secretary Carlos G. Dominguez III on Wednesday (May 6) said that 2020’s budget deficit…
MPIC sees lower quarterly profits for the first time in its history
Manuel V. Pangilinan For the first time in its corporate history, businessman Manuel V. Pangilinan-led infrastructure holding firm Metro Pacific Investments Corp. saw a year-on-year decline in quarterly profit as…
P15B added to PH local IOU as UK think tank sees no debt crisis
A five-month record low inflation in April allowed the Bureau of the Treasury to award P15 billion in 35-day T-bills at a lower rate on Tuesday (May 5). It helped…
Coronavirus test maker Roche sees sales rise
GENEVA — Swiss pharmaceutical company Roche, which helps make tests to detect the COVID-19 illness, said Wednesday its sales edged up in the first quarter despite the broad economic volatility…
US think tank sees PH surviving COVID-19 pandemic with 1 percent growth
The Asia-Pacific region is expected to lead global recovery once dust from the COVID-19 pandemic settles, with the Philippines among only a few economies seen to eke out modest growth…