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Consumer confidence improves in Q2 2018

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) announced that consumer confidence improved for the 2nd quarter of 2018, based on the results of its Q2 2018 Consumer Expectations Survey (CES). The results of the survey, released on Friday, June 8, showed that the overall confidence index (CI) was ........»»

Category: newsSource: rappler rapplerJun 10th, 2018

Palace sees improved business, consumer confidence in coming months despite Q4 drop

  MANILA, Philippines - Malacaang assured the public on Friday that the government was addressing the issues on inflation, weakening peso and higher interest rates among others, which contributed to the decline in business confidence in the country.   The Bangko Sentral ng Pilipinas has reported on Thursday that business and consumer confidence in the country continued to weaken in the fourth quarter of 2018.   The BSP said among the factors that contributed to the less optimistic outlook were soaring inflation, weakening peso, higher interest rates, lower volume of sales and orders and lack of raw materials supply.   "The public should understand...Keep on reading: Palace sees improved business, consumer confidence in coming months despite Q4 drop.....»»

Category: newsSource:  inquirerRelated NewsDec 7th, 2018

Consumer Spending Outlook for Q4 Improves

Filipino consumers’ spending outlook on basic goods for the fourth quarter of 2018 has notably improved and this is expected to bring windfall benefits to the domestic economy. Results of the Bangko Sentral ng Pilipinas’ (BSP) Consumer Expectation Survey (CES), conducted from July 1-14, 2018, showed that index on spending outlook rose to 45.7 percent […].....»»

Category: newsSource:  metrocebuRelated NewsSep 10th, 2018

Consumers turn gloomy over Philippine economy in Q3 2018

MANILA, Philippines – Consumer confidence on the economy dipped to negative territory at -7.1% during the 3rd quarter, as prices of goods shot up in 2018. The latest Consumer Expectation Report by the Bangko Sentral ng Pilipinas (BSP) revealed the confidence index (CI) dived to ........»»

Category: newsSource:  rapplerRelated NewsSep 8th, 2018

Boxing: Albert Pagara dominates Odoi to reclaim WBO title in Maasin

Total Domination. In front of a hometown crowd in Maasin, Southern Leyte, ALA Boxing star ‘Prince’ Albert Pagara stopepd Ghana’s Laryea Gabriel Odoi in three rounds to reclaim the WBO Intercontinental Super Bantamweight Championship in the main event of Pinoy Pride 44: Laban sa Leyte, Saturday evening at the Maasin City Gym. Coming out confident and loose, Pagara battered Odoi throughout the first two rounds of action, dropping the Ghanaian on multiple occasions. In the third round, Pagara pressured Odoi into the corner with a couple of body shots, eventually forcing the Ghanaian’s corner to throw in the towel in with thirty seconds remaining in the round. #PinoyPride44 || Final sequence of the fight. Laryea Odoi's corner throws in the towel in the third round after multiple knockdowns from Albert Pagara. @abscbnsports pic.twitter.com/dl7k2tr6eh — Santino Honasan🎈 (@honasantino) June 9, 2018 The stoppage came in at the 2:30 mark of round three, with Pagara reclaiming the title he lost to Cesar Juarez back in 2016. “Nagpapasalamat ako sa whole Maasin City, sa pagsuporta nila sa Pinoy Pride at sa Pagara Brothers,” Pagara said after the match. “Grabe yung confidence ko, nanalo ako sa laban, nakuha ko yung belt, ang sarap sa feeling na maging champion,” The 24-year old Pagara improves to 30-1 in his professional career with 21 wins coming via KO or TKO and handing Odoi his first loss via stoppage. Also leaving Pinoy Pride 44 with a championship is up-and-coming ALA Boxing super bantamweight Jeo ‘Santino’ Santisima after stopping Thailand’s Likit Chan-e in the third round to become the new WBO Oriental Super Bantamweight Champion. Chan-e hung tough in the first two rounds, keeping his head down and pushing the action while trading shots with the Pinoy.   Midway through round three however, Santisima unloaded a combination that Chan-e out on his feet, forcing the referee to step in and save the Thai from further damage.   The official stoppage came in at 1:43 of the third round, giving Santisima his first boxing championship. “Masaya ako na nabigay sa akin itong pangarap ko na matagal ko nang hinintay, ngayon binigay na sa akin ng Diyos,” an ecstatic Santisima said after the bout. “Sobrang saya.” Also scoring wins at Pinoy Pride 44 were former world title contender “King” Arthur Villanueva, who defeated fellow Pinoy Renren Tesorio via TKO in the seventh round, and Jason “El Niño” Pagara, who defeated Indonesian Wellem Reyk via KO in the third round.   Complete Pinoy Pride 44: Laban sa Leyte Results Albert Pagara def. Laryea Gabriel Odoi via TKO - 2:30, R3 (New WBO Intercontinental Super Bantamweight Champion) Jeo Santisima def. Likit Chan-e via TKO - 1:43, R3 (New WBO Oriental Super Bantamweight Champion) Jason Pagara def. Wellem Reyk via KO - 1:15, R3 Arthur Villanueva def. Renren Tesorio via TKO - 1:42, R7 Melvin Jerusalem def. Philip Luis Cuerdo via TKO - 1:12, R8 Go Hosaka def. Holly Quinones via KO - 2:47, R1 Joyjoy Formentera def. Lobert Bayo via KO - 0:43, R3 Carlito Antaran def. Jeno Macapobre via KO - 0:26, R2   Catch the telecast of Pinoy Pride 44: Laban sa Leyte on Sunday, June 10th, 12:00 NN on S+A channel 23!.....»»

Category: sportsSource:  abscbnRelated NewsJun 9th, 2018

Consumer confidence rebounds in Q2 – BSP

CONSUMER confidence rebounded in the second quarter following a dive during the first three months of 2018, the Bangko Sentral ng Pilipinas (BSP) reported on Friday. The overall confidence index (CI) climbed to 3.8 percent compared to the 1.7 percent recorded in the first quarter (down from 9.5 percent at the end of 2017) and [...] The post Consumer confidence rebounds in Q2 – BSP appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 9th, 2018

Business of Football - Philippines highlights football s growth in the country

MANILA -  The recent success of The Azkals, with their Asian Cup qualification, and their FIFA ranking at its highest at 111, has given football a renewed confidence, and a positive outlook in terms of the growth of the sport in the Philippines.   Football is now tipped to become the fastest growing sport in the country, with the largest potential for success commercially, and in terms of on-pitch success.  The sport which is currently number 3 in the Philippines in terms of popularity and participation, after basketball and boxing, is said to be still further behind compared to other sports, such as volleyball, billiards, etc., in terms of TV coverage. These were among the insights and trends gathered from top-notch executives of organizations such as AFC, PFF, PFL, LaLiga, Dentsu X, SMG Insight, Globe Telecom, RSportz, Toby Sports and Manila Times, at the ‘Business of Football - Philippines’, organized by MMC Sportz.  The sold-out event was attended by more than 185 local and foreign delegates on 18 May 2018 at the New World Makati Hotel.   MMC Sports CEO Eric Gottschalk says, “Research in this market, shows that TV is still the number one platform here in the Philippines, and is the number one medium that advertisers are looking for, to spend their budgets on.  We also learned that live TV coverage actually stimulates stadium attendance, and not vice versa.  If there’s more football on TV, we will see more fans in the stadium.  Currently football is not ranked among the top 100 TV programmers in the Philippines and is only number 3 sport in terms of participation and popularity after basketball and boxing.  Football needs media in order to drive commercial revenues for the clubs.”   “Now is also the perfect time to get involved in football since sponsorship and advertising opportunities are currently very affordable compared for example to basketball, but this is predicted to change within the next 6-12 months, as values are expected to increase sharply.  Football also needs to create more idols and heroes to attract more media coverage overall, other than just covering game scores. Each team has a unique story which just needs to be told,” says Gottschalk. Following the presentation about the Philippines Football League (PFL) it was agreed that the PFL now fills the lack of regular created football content as the leagues matches (87 in 2018/19 season) contribute year-round stories to keep football in the news. In the past, the main talking points were around the Azkals which only play very few home matches each year.      Public education about the game of football is also needed on all levels as many people in the Philippines are still not aware about the rules or aware of programs available like coaching academies, amateur competitions, or how and where to follow the professional league.  Ten thousand (10,000) qualified grassroots coaches are also needed to satisfy the local demand and to trigger strong football development and growths. Investors on the other hand are looking for consistency and credibility of the football product but with the PFL in the second season and foreign sponsors expected to invest in the Philippines, local brands should consider to follow suit.  On the sports retail side, only 1.5% of current retail sales are attributed to football, while basketball enjoys a healthy 46% market share. As a result, only limited line items and stocks are available in stores and entry level boots and replica jerseys are too high priced to be affordable for the average consumer. The national player registration program, MY PFF, has been launched with the objective to collect vital statistics and data about the football community which is urgently needed to support the youth football development strategy of the PFF and to develop a players pathway.  As FIFA has mandated to register the estimated 1.5 million players in the Philippines, the PFF has urged organizers and players to already register online as by next month only registered players will be allowed to participate in sanctioned events. The “Business of Football – Philippines” conference also announced 36 career opportunities related to sports and football, including positions in marketing, legal, competition management and coaching, with all these listing being available online with MMC Sportz or for direct inquiries with the PFF. In his closing remarks, MMC Sportz CEO Eric M. Gottschalk stated that “More importantly, Don’t Break the 12th Man! It is important that all stakeholders don’t forget to engage with the fans. The fans are the most important aspect of the development of football in the Philippines – if there are no fans of football then there is no media, no spectators, no players, no games, no business. Everyone is required to ensure we keep the fans (football consumers) engaged year-long and the first step would be to get the media behind the game. There is a strong football - community out there already and hopefully, we the TV broadcasters will take another look at football and give them at least some consideration on the program schedule.  I believe today’s conference was a great success.  We brought the football community together, stimulated thinking, exchanged ideas and transferred a lot of knowledge. Now it is up to the football stakeholders to continue the progress.  From our end (and with the approval of the PFF) we will stage the 2nd edition of BOF early 2019 and hopefully we will be able to report on some of the changes initiated today.”    Speakers who shared their insights include LaLiga Managing Director for South East Asia, Japan, Korean and Australia Ivan Codina, AFC Head of MA Services Domeka Garamendi, SMG Insight Managing Director Frank Saez, Azkals Team Manager Dan Palami, Globe Director for OIC, Citizenship and Advocacy Marketing Miguel Bermundo, PFL CEO Lazarus Xavier, PFF General Secretary Atty. Edwin Gastanes, Ignite Sports Group Managing Director Michael Reyes,  Asian Replica Designs Founder & Owner Jonathan Mallinson, Quorum Group President & COO Jose Claudio, Jr., Mediapro Asia Director of Sales and Sponsorship Salauddin Sinnakandu, and MMC Sportz Marketing CEO Eric Gottschalk.  Organized by MMC Sportz Asia, the event was sanctioned by the Asia Football Confederation (AFC) and the Philippines Football Federation (PFF), and sponsored by La Liga, Dentsu X, SMG Insight, RSportz, Globe Telecom, Toby’s Sports, Manila Times and Platinumlist. - RELEASE  .....»»

Category: sportsSource:  abscbnRelated NewsMay 22nd, 2018

PH Consumer Confidence Weakens on Expected Commodity Price Upticks

The Philippine consumers’ confidence dropped to its lowest level in the first quarter of 2018 on expectations of higher prices of goods. However, monetary officials are confident this will improve in the second quarter as proven in the past surveys. Result of the central bank’s first quarter Consumer Expectations Survey (CES) for 2018 showed an […].....»»

Category: newsSource:  metrocebuRelated NewsMar 27th, 2018

PH consumer confidence at lowest level in Q1 2018 on expected commodity price upticks

The Philippine consumers’ confidence dropped to its lowest level in the first quarter of 2018 on expectations of higher prices of goods. However, monetary officials are confident this will improve in the second quarter as proven in the past surveys......»»

Category: newsSource:  interaksyonRelated NewsMar 27th, 2018

Inflation concerns weaken consumer sentiment in Q1 2018

MANILA, Philippines – Higher prices of goods in the first few months of the year dampened consumer spirits, according to the Bangko Sentral ng Pilipinas (BSP). Consumer confidence weakened but remained positive in the 1st quarter of 2018, with the overall confidence index (CI) declining to 1.7% compared to the ........»»

Category: newsSource:  rapplerRelated NewsMar 27th, 2018

Consumers less bullish as 2018 starts

By Melissa Luz T. Lopez Senior Reporter FILIPINO CONSUMERS turned less upbeat as the year opened due to expectations that prices of goods would keep rising, the Bangko Sentral ng Pilipinas (BSP) reported on Monday. The latest Consumer Expectations Survey (CES) yielded a 1.7% net confidence score for January-March, plunging from 9.5% during the fourth […] The post Consumers less bullish as 2018 starts appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 27th, 2018

ONE Championship: Edward Kelly wants to prove that he can beat Christian Lee

Team Lakay featherweight Edward "The Ferocious" Kelly is coming into his rematch against Singaporean star Christian "The Warrior" Lee at ONE: Eternal Glory in Jakarta, Indonesia with a hightened sense of motivation.  While indeed he was victorious in their first fight back in September of 2018, the win didn't come the way Kelly would have wanted.  After landing a slam that was deemed illegal, Lee was disqualified becase Kelly was unable to continue.  Now, the hard-hitting Pinoy striker wants, more than anything, to prove that he can beat Lee without the help of a disqualification.  "A win is a win, but parang walang tamang closure yung laban namin, so gusto ko ipakita na talagang ako dapat yung nanalo sa laban namin," Kelly told the media a day before his highly-anticipated rematch on Saturday night. "Of course, siya din may gustong patunayan, makikita na lang natin sa Saturday kung mag-eeffect yung good gameplan." While their first encounter lasted just a little over two minutes, Kelly says that he was able to take some things away from what he saw from Lee that night. The 34-year old hopes to be able to use those things in their do-over at the Istora Senayan.  "Yung napansin ko nung unang laban namin is aggressive siya, masyado siyang agresibo, and pasok ng pasok," Kelly explained. "Mabilis nga lang yung laban pero at least may nakuha ako na points sa aking pag-ensayo, sana magamit ko yun para ma-kontra yung pagka-explosive niya tsaka yung speed niya sa laban." The 20-year old Lee, who's a former title contender, is coming into this fight having bounced back with a first roudn win over Kazuki Tokudome. Kelly knows that right now, the kid's confidence is riding high, and is banking on the possibility that it's that same confidence that could lead to Lee's downfall.  "Alam ko naman na sky-high yung confidence niya, and I know na parang kokontrahin ko na lang sa isip ko, and yung confidence niya ay pwedeng magpa-talo sa kanya." While largely regarded as the underdog heading into the bout, Kelly says that he prefers to be in that position. That way, the victory becomes a bit sweeter.  "Mas gusto ko pa nga na underdog, kasi mas maganda yung pagka-panalo, yun yung nasa isip ko. Kailangan ko talaga kunin yung panalo, and gagawin ko lahat sa laban na ‘to," he expressed.    Edward Kelly and Christian Lee face off in a highly-anticipated rematch at ONE: Eternal Glory on Saturday, January 19th, 11:00 PM LIVE on ABS-CBN S+A channel 23! .....»»

Category: sportsSource:  abscbnRelated NewsJan 19th, 2019

Normin snares P228.8-B lion’s share of Total PH BOI Investments

Investor confidence in Northern Mindanao breached new highs in 2018 with Region 10 accounting for the biggest share of the record breaking investments registered with the Board of Investments (BOI). Investments approved by the Board of Investments (BOI) hit a new all-time high this year, exceeding the agency’s P680-billion target......»»

Category: newsSource:  kagay_anRelated NewsJan 10th, 2019

Democracy improves in Asia despite dampeners, think tank says

Asia and Australasia scored 5.67 on the 2018 EIU Democracy Index "after a tumultuous two years during which the process of democratization appeared to be going into reverse.".....»»

Category: newsSource:  philstarRelated NewsJan 9th, 2019

Low inflation seen in next 2 years | Inquirer Business

After enduring expensive consumer products and services in 2018, Filipinos can expect to experience the relief of stable prices over the next two years, thanks to government policies implemented in re.....»»

Category: newsSource:  philippinetimesRelated NewsJan 7th, 2019

PBA: Finally, Columbian has a point guard to drive the Dyip

Columbian’s first overall pick in the 2018 PBA Draft was a no-brainer – of course, they were going with former NCAA MVP and do-it-all swingman CJ Perez. However, the Dyip’s second selection in the first round took just about everybody by surprise as they went with pint-sized playmaker JP Calvo. This, with the likes of more heralded Colegio de San Juan de Letran teammate Bong Quinto still on the board. For head coach Johnedel Cardel, though, Calvo’s drafting was a no-brainer as well. “Alam ko kung anong kulang sa team. I have all the scorers so what I need is the one pure point guard who can carry the team,” he said. He then continued, “Kelangan ko yung nag-iisip kung paano ma-run yung team. That’s Calvo.” And in his first game for Columbian, tuneup as it was, the former court general of the Knights wasted no time proving his worth. He scored six points all while spearheading the attack that also allowed teammates such as Perez to shine as they routed Northport, 97-83, at The Hardcourt on Monday. “Calvo nga is a pure point guard so I give all the confidence to him. Sabi ko nga sa kanya, point guard is the problem of the team before,” coach Johnedel said. He then continued, “Walang problema if you’re small, basta you have a big heart.” Indeed, there’s reason for the Dyip to hope that Calvo is the pure point guard they have been missing ever since the days of LA Revilla and Nico Elorde. With the 11th overall pick in the fold, natural off-guards Rashawn Mccarthy and Jerramy King, and even Perez, will no longer be forced to play the point. Even better, Calvo is nothing but ready and raring to take his place as Columbian’s starting point guard. “Ako naman, ready ako lagi. Gagawin ko lang talaga yung best ko para makatulong sa team,” he said. —— Follow this writer on Twitter, @riegogogo......»»

Category: sportsSource:  abscbnRelated NewsJan 7th, 2019

DOF highlight successful offshore issuances in 2018

The Department of Finance (DOF) has cited the government’s success in floating securities in foreign markets last year, which reflected the strong confidence of the international business community in the Philippine economy......»»

Category: financeSource:  philstarRelated NewsJan 7th, 2019

Normin snares P228.8-B lion’s share of Total PH BOI Investments

Investor confidence in Northern Mindanao breached new highs in 2018 with Region 10 accounting for the biggest share of the record breaking investments registered with the Board of Investments (BOI). Investments approved by the Board of Investments (BOI) hit a new all-time high this year, exceeding the agency’s P680-billion target......»»

Category: newsSource:  kagay_anRelated NewsJan 6th, 2019

Inflation slows to 5.1% in December, but 2018 average of 5.2% hit 10-year high | Inquirer Business

MANILA, Philippines -- The rise in consumer prices eased to 5.1 percent last December even as inflation remained elevated for the entire 2018 and beyond the range that the government had considered as.....»»

Category: newsSource:  philippinetimesRelated NewsJan 4th, 2019

BSP declares victory over inflation as downtrend is confirmed

The central bank on Friday declared victory in its fight against rising prices after the government announced that the consumer price index for December 2018 fell to 5.1 percent --- lower than the expectations of even the most optimistic economists. In a press statement, the Bangko Sentral ng Pilipinas said the latest figure confirms its assessment that the inflation target for the next two years will be achieved. "The within-target inflation outlook over the policy horizon largely reflects the estimated impact of the rice tariffication law, lower global oil prices, and latest monetary policy adjustments by the BSP," the central bank said. The growth of consumer prices eased for...Keep on reading: BSP declares victory over inflation as downtrend is confirmed.....»»

Category: newsSource:  inquirerRelated NewsJan 4th, 2019

PH returning to bond markets

Economic managers said the Philippines’ successful bond issuances in the offshore bond markets in 2018 underscored the strong confidence of the international business community in the country’s growth narrative under President Rodrigo Duterte’s watch. Finance Secretary Carlos Dominguez III said in a statement on Wednesday the tight spreads of these bond issuances also illustrate confidence […].....»»

Category: newsSource:  tribuneRelated NewsJan 3rd, 2019