The Bureau of Jail Management and Penology (BJMP) on Friday said that it supports the measure of lawmakers to place provincial jails under BJMP’s control, adding that this will streamline management of jails. In a Laging Handa briefing on Friday, BJMP Spokesperson Xavier Solda said it is about time for provincial jails to have a […]
Benjamin E. Diokno, Bangko Sentral ng Pilipinas Governor — BLOOMBERG THE ECONOMY will not deteriorate further in the next 12 months as businesses are gradually resuming and with the virus better managed, Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno said on Friday. “Let me assure everyone that based on immediate past, nowcast, and forecast […]
By Denise A. Valdez, Senior Reporter THE RESEARCH UNIT of Fitch Solutions Group Ltd. has downgraded its forecast for the Philippines’ power and renewables sector this year, projecting a 5.9% decline in power consumption and a 14% drop in coal generation. In a Sept. 10 report sent on Friday, Fitch Solutions Country Risk & Industry […]
HALF OF THE production of export-oriented economic zone manufacturing locators may be sold locally during the pandemic, the Philippine Economic Zone Authority (PEZA) said. Export locators with PEZA incentives must have an export threshold of at least 70% of their production. Under PEZA’s recommendation, the domestic sales allowance has increased to 50% from the previous […]
BRENT LEWIN/BLOOMBERG LOCAL BANKS’ bad loans continued to rise in July as the economy was battered by the coronavirus pandemic, bringing the industry’s nonperforming loan (NPL) ratio to its highest level since 2014. Gross bad loans climbed by nearly a third (32.1%) to P290.1 billion in July from P219.6 billion a year ago, according to […]
By Lourdes O. Pilar, Researcher PHILIPPINE international trade further contracted in July as trade activity remains subdued here and the rest of the world, the Philippine Statistics Authority (PSA) reported on Thursday. Preliminary data from the PSA showed merchandise exports in July declined by 9.6% to $5.654 billion compared with a revised 12.5% fall in […]
PHILIPPINE international trade further contracted in July as trade activity remains subdued here and the rest of the world, the Philippine Statistics Authority (PSA) reported on Thursday. Read the full story.
Among Southeast Asian countries, the Philippines trails Indonesia, Malaysia, Singapore, Thailand, and Indonesia in terms of internet affordability and quality, based on the 2020 Digital Quality of Life Index. — PHILIPPINE STAR/MICHAEL VARCAS By Marifi S. Jara, Mindanao Bureau Chief THE BUSINESS sector is appealing to President Rodrigo R. Duterte to issue an order that […]
THE Mindanao business community wants the government to restart its infrastructure projects in the region as the economy reopens. Mindanao is transitioning to fewer lockdown restrictions, with 75% of industrial and commercial businesses reopened, the Philippine Chamber of Commerce and Industry (PCCI) said at the 29th Mindanao Business Conference on Thursday. In its recommendations, the […]
HTTPS://PEPSIPHILIPPINES.COM/ By Denise A. Valdez, Senior Reporter PEPSI-COLA Products Philippines, Inc. (Pepsi-Cola Philippines) will be exiting the Philippine Stock Exchange (PSE) after its public ownership dropped below the minimum requirement. The company told the exchange on Thursday its board of directors had approved the voluntary delisting of shares from the PSE main board due its […]