Stocks, peso decline
August 7, 2018
Stocks and the peso declined on Tuesday following the release of higher-than-expected inflation figures for July. The peso closed at P53 against the US dollar from Monday’s P52.85. Volume reached $681.5 million from the previous day’s $892.9 million. The Philippine
July GIR at $76.89b, down from June’s $77.53n
August 7, 2018
Preliminary data showed that gross international reserves (GIR) level stood at $76.89 billion as of end-July 2018, Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla, Jr. announced Tuesday. This was lower than the $77.53 billion level in June 2018 due
Central bank expects inflation to peak in third quarter
August 7, 2018
The Bangko Sentral ng Pilipinas (BSP) expects inflation to peak in the third quarter, and is expected to return to the target range of 3 percent, plus-minus 1 percentage point by 2019. In a statement on Tuesday after the Philippine
Softbank, KDDI Log Record Net Profits in April-June
August 7, 2018
Tokyo- Major Japanese mobile phone carriers Softbank Group Corp. and KDDI Corp. logged record net profits in April-June, their earnings reports have shown. The two firms also posted record consolidated sales and operating profits for the first quarter of their
ABS-CBN first-half income down 41%
August 7, 2018
ABS-CBN Corp. said Tuesday its net income fell by 41 percent in the first half of 2018 due to lower advertising and consumer sales. ABS-CBN said net income amounted to P741 million in the January to June period from P1.25
Factory output grew double-digit in first half: NEDA
August 7, 2018
The Monthly Integrated Survey of Selected Industries (MISSI) of the Philippine Statistics Authority showed the Volume of Production Index (VoPI) and Value of Production Index (VaPI) rising by an average of 20.6 percent for the January-June 2018 period. “Robust domestic
July inflation soars to 5.7%, Philippine economic team says supply constraints must be addressed
August 7, 2018
Inflation further soared to 5.7 percent in July from June’s 5.2 percent,as the Philippine government’s economic team said supply constraints push the figure to a four-year high. The Philippine Statistics Authority reported that, while the overall price level picked up,
ICC OKs P13.5b improvements in regional projects
August 6, 2018
The NEDA Board Investment Coordination Committee – Cabinet Committee (ICC-CabCom) approved on July 27 improvements amounting to P13.5 billion for three regional projects, strengthening the government’s commitment to regional growth. Changes in scope and cost were discussed for the Davao
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