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Jan. remittances rise fastest in 10 months, dip from Dec.

By Melissa Luz T. Lopez Senior Reporter CASH SENT HOME by overseas Filipino workers (OFWs) increased by the fastest year-on-year clip in 10 months in January even as the amount fell from December last year, according to data the central bank released on Thursday. OFW cash remittances grew 9.7% to $2.379 billion in January from […] The post Jan. remittances rise fastest in 10 months, dip from Dec. appeared first on BusinessWorld......»»

Category: newsSource: bworldonline bworldonlineMar 16th, 2018

Remittances rise to $20.72 B in 8 months

MANILA, Philippines — The amount of money sent by overseas Filipinos to the Philippines in August grew at its fastest pace in five months as new markets for.....»»

Category: financeSource:  philstarRelated NewsOct 17th, 2017

July remittances rise fastest in four months

July remittances rise fastest in four months.....»»

Category: newsSource:  philstarRelated NewsSep 15th, 2017

HSBC: Remittance growth likely steady at 4.5% in March

Money sent home via banks by migrant Filipinos likely posted steady growth in March, banking giant HSBC said. “We expect March remittances to rise 20.5 percent month-on-month, after two straight months of sequential contraction. This would lead to a rise of 4.5 percent year-on-year . . . ,” HSBC said. February also saw a 4.5-percent [...] The post HSBC: Remittance growth likely steady at 4.5% in March appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsMay 14th, 2018

Remittances recover in Oct, grow fastest in 7 months

MANILA, Philippines — Remittances from overseas Filipinos rebounded strongly in October after shrinking in September, growing fastest in seven months amid th.....»»

Category: financeSource:  philstarRelated NewsDec 15th, 2017

Remittances surged in August

Remittances surged 16.3 percent in August from a year ago, the fastest growth in 29 months and fueling the growth of consumer spending in the third quarter......»»

Category: financeSource:  thestandardRelated NewsOct 17th, 2016

Remittances grow at fastest pace in 4 months

MANILA, Philippines - Money sent home by Filipinos abroad expanded 4.8 percent to $2.33 billion in June, bringing the first half tally closer to the Bangko S.....»»

Category: financeSource:  philstarRelated NewsAug 15th, 2016

Horizon Plaza: New high rise to boost Legazpi Citys skyline

By Emmanuel P. Solis LEGAZPI CITY &'8212; A top developer here announced the groundbreaking within the next two months of a P2B high-rise building, the newest attraction to dot the skyline of this city, recognized as one of the fastest-growing and most co.....»»

Category: newsSource:  bicolmailRelated NewsJul 28th, 2016

Horizon Plaza: New high rise to boost Legazpi Citys skyline

By Emmanuel P. Solis LEGAZPI CITY &'8212; A top developer here announced the groundbreaking within the next two months of a P2B high-rise building, the newest attraction to dot the skyline of this city, recognized as one of the fastest-growing and most co.....»»

Category: newsSource:  bicolmailRelated NewsJul 28th, 2016

Imports rise to 3-month high in May

MANILA, Philippines Heightened demand for capital and consumer goods pushed imports to grow at the fastest pace in three months, the Philippine Statistics.....»»

Category: financeSource:  philstarRelated NewsJul 27th, 2016

Thai Q1 GDP expands at best pace in five years; gov’t raises 2018 forecast

BANGKOK — Thailand produced its fastest economic growth in five years in the first quarter, boosted by strong exports and tourism plus a slight firming in long-weak private consumption. With the robust January-March performance, the national planning agency raised its 2018 growth forecast to 4.2-4.7% from 3.6-4.6% seen three months ago. The agency said on […] The post Thai Q1 GDP expands at best pace in five years; gov’t raises 2018 forecast appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 22nd, 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

Cebu Landmasters Q1 earnings rise 17%

CEBU Landmasters, Inc. (CLI) reported a double-digit increase in earnings for the first three months of 2018, driven by higher revenues due to the construction progress of its projects. In a statement issued Wednesday, the Cebu-based property developer said net income improved by 17% to P498.7 million in the first quarter, supported by a 14% […] The post Cebu Landmasters Q1 earnings rise 17% appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 16th, 2018

Personal Remittances Rise to $7.8-B in Q1

Personal remittances from Overseas Filipinos (OFs) reached USD7.8 billion in the first quarter of 2018, registering 1.3 percent year-on-year growth, BSP Officer-in-Charge Diwa C. Guinigundo announced today. The bulk (77.5 percent) of personal remittances was from land-based workers with work contracts of one year or more, which summed up to USD6.1 billion (growing by 0.4 […].....»»

Category: newsSource:  metrocebuRelated NewsMay 16th, 2018

HSBC sees strong remittances recovery in March

Remittances are expected to post a strong recovery of 20.5 percent in March after two consecutive months of decline, according to British banking giant HSBC......»»

Category: financeSource:  philstarRelated NewsMay 14th, 2018

Remittances likely grew in March despite deployment ban

MONEY sent home by overseas Filipino workers (OFWs) likely kept growing in March despite a deployment ban to Kuwait, HSBC Global Research said. Remittances likely grew by 4.5% during the month, matching the pace clocked in February although slower than the 10.7% increase logged in March 2017. “We expect March remittances to rise 20.5% month […] The post Remittances likely grew in March despite deployment ban appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 13th, 2018

Economists expect one more rate hike this year

By Melissa Luz T. Lopez, Senior Reporter ECONOMISTS expect one more rate hike from the Bangko Sentral ng Pilipinas (BSP) this year amid signs that inflation will remain on the rise in the coming months, following a tightening move introduced on Thursday. Analyses issued by global banks following the central bank’s rate hike signalled that […] The post Economists expect one more rate hike this year appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 11th, 2018

SM gets income boost from property, retail units

MANILA, Philippines – Listed SM Investments Corporation saw its consolidated net income rise by 10% to P8.5 billion in the 1st 3 months of 2018, from the P7.7 billion in the same quarter a year ago, thanks to strong performance of its property and retail businesses......»»

Category: newsSource:  rapplerRelated NewsMay 9th, 2018

Inflation jumps to 4.5%, fastest pace in 5 years

Inflation rose to a fresh five-year high of 4.5 percent in April, pointing to a possible interest rate hike by the Bangko Sentral ng Pilipinas as early as next week after the government’s two to four percent target was breached in the first four months......»»

Category: financeSource:  philstarRelated NewsMay 4th, 2018

Consumer prices pick up further in April to breach full-year target

By Christine Joyce S. Castañeda, Senior Researcher THE RISE in prices of widely-used goods picked up to its fastest pace in more than five years in April, fuelled by sharp increases in food and “sin” products, the government reported on Friday. Preliminary data from the Philippine Statistics Authority (PSA) showed the consumer price index (CPI) […] The post Consumer prices pick up further in April to breach full-year target appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 4th, 2018

Consumer prices rise further in April, breaching full-year target

Consumer prices rose to its fastest pace in more than five years in April, the government reported this morning. The Philippine Statistics Authority (PSA) said April inflation rose to 4.5% from the 4.3% logged in March and 3.2% in the same period last year. Last month’s print was the fastest in at least five years […] The post Consumer prices rise further in April, breaching full-year target appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 4th, 2018