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BSP chief bullish on FDI surge

The Philippines registered a 21.4 percent year-on-year rise in foreign direct investments (FDIs) in 2017 and Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. is hoping for this to increase further. “That’s the whole proposition of government to attract more foreign direct investments because that’s actually a sustainable….....»»

Category: newsSource: journal journalMar 14th, 2018

Trade gap widens as import surge continues

The trade-in-goods deficit in September widened to the biggest so far this year as imports sustained a double-digit jump while exports declined, putting further pressure on the peso. The country's chief economist said he expected the entry of imported goods to continue on the back of strong manufacturing and investment flows. Preliminary Philippine Statistics Authority (PSA) data released Wednesday showed that merchandise exports in September dropped 2.6 percent year-on-year to $5.83 billion as shipments of the following commodities declined: coconut oil (down 36.4 percent), machinery and transport equipment (down 30.4 percent), ignition wiring set used in vehicles, aircraft and sh...Keep on reading: Trade gap widens as import surge continues.....»»

Category: newsSource:  inquirerRelated NewsNov 7th, 2018

Survey finds CEOs still bullish amid challenges

CHIEF EXECUTIVE OFFICERS (CEO) in the Philippines remain confident about business prospects over the next 12 months despite mounting uncertainty from global trade tensions and monetary tightening, regulatory changes at home and the challenge posed by disruption, according to results of a survey conducted by PwC Philippines for the Management Association of the Philippines (MAP) that were released on Monday. The post Survey finds CEOs still bullish amid challenges appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsSep 3rd, 2018

PNP vows to break Christmas crime surge

Before the start of the Christmas holiday season, Philippine National Police (PNP) chief Director General Oscar Albayalde vowed to launch an intensified anti-crime campaign to finally break the traditional upsurge of crime incidents during the period......»»

Category: newsSource:  philstarRelated NewsAug 27th, 2018

FDI inflows expected to yield long-term economic benefits

THE RECENT SURGE in foreign direct investments (FDI) should help fuel merchandise export growth “two or three years from now,” providing added impetus for overall economic expansion to pick up, the chief of the Bangko Sentral ng Pilipinas (BSP) said. The post FDI inflows expected to yield long-term economic benefits appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsAug 13th, 2018

Manulife remains bullish despite market headwinds

The asset management and trust arm of Manufacturers Life Insurance Co. (Phils.), Inc. (Manulife) is bullish on the local capital markets on the back of sustained economic growth amid transitory and external headwinds. In a press briefing, Manulife Asset Management and Trust Corp. (MAMTC) President and Chief Executive Officer Aira Gaspar said the firm continues […].....»»

Category: financeSource:  bworldonlineRelated NewsAug 3rd, 2018

Palace disputes Pernia: Federalism won t hurt the economy

Malacañang on Wednesday disputed a claim made by the government’s chief economist that the push for federalism might dent the country’s bullish growth story......»»

Category: financeSource:  philstarRelated NewsJul 18th, 2018

DoF chief bullish on 7% GDP growth

Finance Sec. Carlos Dominguez III has expressed confidence in the economy expanding by 7 percent or better over the medium term on the back of the government’s “mammoth investment” of up to P9 trillion for the rest of the Duterte presidency on its “Build, Build, Build” infrastructure program, which will….....»»

Category: newsSource:  journalRelated NewsJul 5th, 2018

Honor eyes top 3 spot in PH smartphone market

Huawei’s Honor is confident to break into the Philippines’ top three smartphone brands, expecting to realize the same growth it enjoys in China market, a top official said. Honor Chief Executive Officer Wang Yang said with the brand’s aim to capture the large and young population of the Philippines, he was bullish Honor can get [...] The post Honor eyes top 3 spot in PH smartphone market appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 10th, 2018

No deal yet on imports of sugar, says DA chief

The Department of Agriculture maintained that the Philippines would not import sugar despite strong calls from local manufacturers of confectionery products following the surge in domestic sugar prices......»»

Category: financeSource:  philstarRelated NewsJun 6th, 2018

Mining firm bullish on nickel prospects

Listed Nickel Asia Corp. (NAC), the country's biggest nickel miner, is banking on the growing global demand for nickel in the next few years to grow its revenue, given the increase in the use of the commodity for the production of batteries for electric vehicles. During the annual stockholders' meeting of NAC, chief finance officer Emmanuel Samson said the company was planning to increase its shipment volume for the year by 13 percent to 20 million wet metric tons (WMT) from last year's 17.7 million WMT to meet the rising demand for nickel. A shortfall in the supply of the commodity is seen in the next few years as analysts are projecting nickel demand to grow at the same rate as t...Keep on reading: Mining firm bullish on nickel prospects.....»»

Category: newsSource:  inquirerRelated NewsMay 28th, 2018

MiCab says it won’t impose surge pricing

By Denise A. Valdez NEWLY-ACCREDITED transportation network company (TNC) MiCab Systems Corp. said it will not charge booking fees or implement surge pricing, unlike other taxi-hailing companies. Eddie F. Ybañez, company chief executive officer and cofounder, said the MiCab application guarantees passengers will only have to pay fares according to the taxi meter, unlike other […] The post MiCab says it won’t impose surge pricing appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 6th, 2018

State Department report: EJKs still chief human rights concern in Philippines

The alleged cases of summary execution in President Rodrigo Duterte’s bloody drug war remains a major human rights concern in the Philippines, amid rising impunity following a dramatic surge in police killings, the US State Department said in its global rights report for 2017......»»

Category: newsSource:  philstarRelated NewsApr 21st, 2018

Aquino on Senate Dengvaxia report, LTFRB on Grab, White House on Mueller | Evening wRap

Today on Rappler: The camp of former president Benigno Aquino assures the public he will continue to face complaints against him over the Dengvaxia issue.  The Land Transportation Franchising and Regulatory Board orders Grab to lower its surge pricing cap during peak hours from 2 to only 1.5 times the normal fare.  Associate Justice Benjamin Caguioa says removing Chief Justice Maria ........»»

Category: newsSource:  rapplerRelated NewsApr 11th, 2018

Apex Mining earnings surge 33% to P429 million on record production

Apex Mining Co., Inc. (APX) reported that its 2017 consolidated net income went up by 33% to P429 million from P322 million in 2016, after reaching its highest metal annual production. In a disclosure to the stock market on Tuesday, Apex Mining president and chief executive officer Walter W. Brown said they are satisfied with […] The post Apex Mining earnings surge 33% to P429 million on record production appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 10th, 2018

Trade dep’t sees 10-15% hike in manufacturing FDIs in 2018

By Janina C. Lim Reporter FOREIGN direct investments (FDIs) in Philippine manufacturing will grow by a “reasonable” 10-15% in 2018 as investors remain bullish on the economy’s prospects, though this year’s pace will be a marked slowdown from 2017’s surge, the Department of Trade and Industry (DTI) said on Wednesday. In a statement and a […] The post Trade dep’t sees 10-15% hike in manufacturing FDIs in 2018 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 14th, 2018

Trade gap widens as imports surge

A sustained double-digit jump in imports and a continued decline in merchandise exports widened the trade deficit to a record-high $4.02 billion in December. Preliminary data released by the Philippine Statistics Authority Friday showed that the value of imported goods last December jumped 17.6 percent to $8.74 billion. On the other hand, exports of Philippine-made goods that month declined 4.9 percent to $4.72 billion. The total external trade in goods rose 8.6 percent to $13.46 billion in December last year. The country's chief economist, Socioeconomic Planning Secretary Ernesto M. Pernia, earlier said that the sustained wider trade in goods deficit was "not good, but trans...Keep on reading: Trade gap widens as imports surge.....»»

Category: newsSource:  inquirerRelated NewsFeb 10th, 2018

Sustained export surge seen

The Department of Trade and Industry is bullish that the country’s export performance will surpass, if not maintain its growth in 2018. Trade Secretary Ramon Lopez told reporters the increase in investments on manufacturing for exports of goods and services, growing factory capacity, and improving environment of the global market….....»»

Category: newsSource:  journalRelated NewsDec 28th, 2017

Lazada bullish on PH e-commerce market

ONLINE shopping platform Lazada is optimistic that the Philippines will be one of the top e-commerce countries in the world because of the huge number of Filipinos who actively use social media, a company executive said on Monday. Inanc Balci, Lazada co-founder and chief executive officer, said the local e-commerce industry has an advantage in [...] The post Lazada bullish on PH e-commerce market appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsNov 6th, 2017

Investors still bullish in Mindanao despite martial law, says DTI chief

Investors still bullish in Mindanao despite martial law, says DTI chief.....»»

Category: newsSource:  manilatimes_netRelated NewsJun 27th, 2017

Finance: AUB bullish on growth prospects

ASIA UNITED Bank Corp. (AUB) is bullish on its growth prospects for the next three years amid expectations of the country's positive economic growth, its chief executive said......»»

Category: financeSource:  bworldonlineRelated NewsJun 22nd, 2017