Philippines posts sharpest drop in remittances in 15 years

MANILA, Philippines – The amount of money sent home by overseas Filipinos plunged last March, seeing the sharpest decline since April 2003, due to the continued repatriation of Filipino workers from Middle East countries as well as fewer banking days. Data from the Bangko Sentral ng Pilipinas (BSP) released on Tuesday, May 15, ........»»

Category: newsSource: rappler rapplerMay 15th, 2018

Remittances drop at steepest pace in 15 years

Remittances from overseas Filipino workers plunged by nearly 10 percent in March, the sharpest decline in almost 15 years due to the repatriation of Filipino workers and the fewer banking days in March due to the Holy Week, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsMay 17th, 2018

Here they go again: ABBA to drop new songs in 2019

MANILA, Philippines – New music from favorite 70's Swedish music group, ABBA? Gimme gimme gimme! After 35 years, the timeless dance-pop quartet is blessing generations of fans with two new studio-recorded songs , titled “I Still Have Faith In You” and “Don’t Shut Me Down.” Both songs are ........»»

Category: newsSource:  rapplerRelated News7 hr. 33 min. ago

Will there be lower crime rate in the Philippines during Miss Universe?

Some Filipinos believe the 2018 Miss Universe pageant on Monday will produce a momentary drop in criminality as the Philippines prepares to watch candidate Catriona Gray shoot for the 2018 crown. Social media posts theorizing that the pageant aired in the Philippines on Monday morning will lead to a drop in the crime rate, at […] The post Will there be lower crime rate in the Philippines during Miss Universe? appeared first on Interaksyon......»»

Category: newsSource:  interaksyonRelated NewsDec 17th, 2018

DFA to open 14 embassies, consulates in 5 years

MANILA, Philippines – The Department of Foreign Affairs (DFA) plans to open 14 foreign service posts – embassies, consulates general, and a permanent mission – in the next 5 years, said Foreign Secretary Alan Peter Cayetano. Cayetano disclosed this plan in the DFA's budget hearing at the ........»»

Category: newsSource:  rapplerRelated NewsAug 28th, 2018

Fewer US immigrant visas for Pinoys

The number of visas granted to people from countries that typically receive the largest number of immigrant visas from the US, including the Philippines, has declined and is on pace to drop 12 percent in US President Donald Trump’s first two years in office, The Washington Post said......»»

Category: newsSource:  philstarRelated NewsJul 4th, 2018

Trade gap widens as exports drop to its lowest in almost two years

The Philippines’ trade deficit expanded in April as imports grew by double-digits while exports contracted for the fourth straight month, the Philippine Statistics Authority reported this morning. Exports declined 8.5% to $5.11 billion in April, lower than the 6.8% contraction posted in March and a far cry from the 30.4% growth in April 2017. This […] The post Trade gap widens as exports drop to its lowest in almost two years appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJun 8th, 2018

Home Credit posts sharp rise in receivables in 2017

Prague-based fintech company Home Credit Philippines has reported a threefold jump in receivables to P14 billion in 2017 from P4 billion in 2016 as it continues to book strong growth five years after its entry into the country......»»

Category: financeSource:  philstarRelated NewsMay 29th, 2018

Holcim posts weaker profit amid ‘challenging 2017’

HOLCIM Philippines, Inc. reported a 61% drop in profit last year after a sluggish construction sector and tight competition hurt the company’s performance, it told the stock exchange on Friday. Holcim netted P2.688 billion last year, down from 2016’s P6.845 billion. “The construction growth slowdown, tighter competition and increased input costs affected our financial performance […] The post Holcim posts weaker profit amid ‘challenging 2017’ appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 2nd, 2018

McDonald’s PH posts double-digit sales growth in 2017, eyes 40 new stores this year

Buoyed by its record-breaking performance in the past years, McDonald's Philippines has set a goal of opening at least 40 more new stores in 2018 and is investing up to P2 billion for nationwide growth initiatives founded on customer experience, value and convenience......»»

Category: newsSource:  interaksyonRelated NewsMar 1st, 2018

San Beda posts best start, secures at least a semis spot playoff

Games Thursday: (FilOil Flying V Centre, San Juan) 9:30 a.m. –- EAC vs. Mapua (m) 11:00 a.m. –- EAC vs. Mapua (w) 12:30 p.m. –- Letran vs. San Sebastian (w) 2:00 p.m. –- Letran vs. San Sebastian (m) 3:30 p.m. –- Letran vs. San Sebastian (jrs)   San Beda College wrote history by posting its best start in recent years after claiming its sixth straight win in as many games and securing at least a playoff for a semifinals spot in the 93rd NCAA women’s volleyball competition. The victory came a lot sweeter for the Lady Red Spikers as they fought their way back from two sets down to outlast Lyceum of the Philippines University, 22-25, 19-25, 25-11, 25-17, 15-7, in a morale-boosting win at the FilOil Flying V Centre in San Juan on Wednesday.    SBC once again joined defending champion Arellano University on top of the heap, making their battle on Friday a lot more interesting.   The Mendiola-based squad’s win surpassed the 5-0 start of the 2013 Lady Red Spikers then led by Janine Marciano and Ces Molina. “Para samin achievement ‘yun, pero ‘di kami kuntento dun, gusto namin Finals,” said SBC coach Nemesio Gavino, whose wards escaped their second straight five-set match after squeaking past Letran last Monday. “Kailangan talaga pag-usapan ang mga naging problema namin sa simula, correct ang errors sa ensayo, then prepare for Arellano,” he added. Cesca Racraquin put up MVP numbers as the Season 92 Rookie of the Year pounded 20 attacks while adding six of the Lady Red Spikers’ 20 aces to finish with game-high 26 points. The sophomore also anchored the squad’s floor defense with six excellent receptions for San Beda. Nieza Viray had 13 points while Trisha Paras and Jiezela Viray combined for 18 points for the Lady Red Spikers. SBC opened the match sluggish, allowing the Lady Pirates to jump on them early. But just like in their last match and their opening-day win over Jose Rizal University that also went into a decider, the Lady Red Spikers showed nerves of steel to dodge an upset. “Pangit talaga ang start namin, ang mga bata hindi makagalaw,” said Gavino, who rued his team’s atrocious 40 errors. “Parang may dinadala pero pasalamat pa rin ako kasi sa third set nakabawi.” LPU dropped their third straight match to slide at 1-5 record. Monica Sevilla had 13 points while Christine Miralles and Bien Juanillo posted 11 and 10 markers, respectively, in a lost cause for the Lady Pirates.     --- Follow this writer on Twitter, @fromtheriles.....»»

Category: sportsSource:  abscbnRelated NewsJan 24th, 2018

Philippine remittances for November 2017 grow by only 2%

MANILA, Philippines – Money sent home by overseas Filipinos (OFs) last November grew by only 2% year-on-year to $2.3 billion, partly because of base effects, after remittances in the same month in 2016 saw an "unusually high" growth in over 8 years. Back in November 2016, cash  remittances  spiked by ........»»

Category: newsSource:  rapplerRelated NewsJan 15th, 2018

SSS posts 52.37% drop in net income from Jan-Nov 2017

MANILA, Philippines — State-run Social Security System (SSS) recorded a 52.37-percent decrease in net income in the first 11 months of 2017 due to an increas.....»»

Category: financeSource:  philstarRelated NewsJan 14th, 2018

Forex holdings drop to 2-year low

MANILA, Philippines — The country’s foreign exchange holdings continued to dwindle, hitting the lowest level in two years last month and falling below the fu.....»»

Category: financeSource:  philstarRelated NewsDec 8th, 2017

Cayetano urges OFWs to consider investing earnings in PH

Foreign Secretary Alan Peter Cayetano has encouraged Overseas Filipino Workers (OFW) in Hong Kong and Macau to consider investing their earnings to secure the future of their families in the Philippines.   "Over the years, you and our otherkababayansabroad have been investing in the future of our country," Cayetano saidon Sundayin two separate townhall meetings, according to the statement released by the DFA.   "Your remittances serve as investments not only in education and housing but also for the future of your loved ones back home,"the secretary added.   The meetings were held at the St. Joseph the Worker Church in Macau and at the Duke of Windsor...Keep on reading: Cayetano urges OFWs to consider investing earnings in PH.....»»

Category: newsSource:  inquirerRelated NewsDec 4th, 2017

Remittances drop by 8.3% in September amid Saudi repatriation

MANILA, Philippines – After hitting a 5-month high in August, remittances coursed through banks by overseas Filipino workers (OFWs) fell again in September this year. Data released by the Bangko Sentral ng Pilipinas (BSP) on Wednesday, November 15, showed that OFW cash remittances totaled $2.186 billion, a drop of ........»»

Category: newsSource:  rapplerRelated NewsNov 16th, 2017

Lady Tams, Tigresses unscathed heading into marquee match

Reigning women's champion University of Sto. Tomas and Far Eastern University, warming up for this Thursday’s rivalry game, easily prevailed against their respective foes late Sunday in the 80th UAAP women’s beach volleyball tournament at the Sands SM By The Bay.      The Tigresses’ Cherry Rondina and Caitlyn Viray overwhelmed University of the East’s Judith Abil and Angelica Dacaymat, 21-7, 21-9, while the Lady Tamaraws’ Bernadeth Pons and Kyla Atienza scored a quick 21-2, 21-7 win over National University’s Roma Doromal and Audrey Paran.      Both undefeated in six contests, UST and FEU will clash for an outright berth in the best-of-three championship at 3 p.m. on Thursday at the same Pasay venue.  The loser will drop at No. 2 and will hold the twice-to-beat bonus in the stepladder semifinals.      University of the Philippines clinched its first semis appearance in five years as Diana Carlos and Ayel Estrañero beat DeLa Salle’s Tin Tiamzon and May Luna, 21-17, 21-17, for a 4-2 card.      Ateneo's Bea de Leon and Jules Samonte overcame Adamson University’s Bern Flora and Chrislyn Uy, 21-12, 23-21, to keep its semis hopes afloat.      The Lady Eagles booked their second win in six matches, a game behind the Lady Spikers, who are in fourth place with a 3-3 record.      De La Salle and Ateneo collide at 3:30 p.m. on Thursday, with the Lady Spikers gunning for the last semis berth. A win by the Lady Eagles will force a playoff against their fierce rivals for the No. 4 slot in the stepladder semifinals.      In the men’s division, the Bulldogs’ Bryan Bagunas and James Natividad are a win away of gaining an outright passage to the best-of-three Finals.      NU turned back Ateneo, 21-19, 21-16, and De La Salle, 21-17, 21-10, to raise its record at 6-0.  The Bustillos-based duo will go for the championship slot against UP on Thursday.      UST and FEU are in joint second with 5-1 record after sweeping their two Day 4 matches.   The Growling Tigers and the Tamaraws clash for the No. 2 ranking in the semifinals on Thursday.  .....»»

Category: sportsSource:  abscbnRelated NewsOct 9th, 2017

Calata posts 11% earnings drop

MANILA, Philippines - Agricultural products manufacturer Calata Corp......»»

Category: financeSource:  philstarRelated NewsAug 18th, 2017

GOCC remittances drop 32% in 5 months

MANILA, Philippines - Government-owned and controlled corporations remitted lower dividends to the national government in the first five months despite a rec.....»»

Category: financeSource:  philstarRelated NewsJun 29th, 2017

YEARENDER: Agri sector posts turnaround, looks forward to 2017

MANILA, Philippines - The country’s agriculture sector, which has been struggling over the past years, is slowly turning around under the Duterte administrat.....»»

Category: financeSource:  philstarRelated NewsDec 30th, 2016

Government debt expected to drop next year

MANILA, Philippines – The Bureau of the Treasury said the government would settle less debts next year, benefiting from years of good debt management......»»

Category: financeSource:  philstarRelated NewsDec 25th, 2016