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DTI expects firms to recover in 2021

The Department of Trade and Industry supports the optimistic business outlook for 2021, citing the latest Social Weather Stations optimism report released in November......»»

Category: lifestyleSource: abscbn abscbnJan 11th, 2021

Jollibee allots P12.2b for 2021 capex, plans to open 450 stores

Restaurant chain operator Jollibee Foods Corp. said Monday it earmarked P12.2 billion in capital expenditures this year to fund the opening of new stores as it expects sales and profit to recover in 2021......»»

Category: financeSource:  thestandardRelated NewsFeb 15th, 2021

Bangko Sentral sees & lsquo;U& rsquo; shaped recovery in 2021

The Bangko Sentral ng Pilipinas expects the economy to recover next year after a tumultuous 2020 that is being affected by the onslaught of the coronavirus disease 2019......»»

Category: financeSource:  thestandardRelated NewsMar 22nd, 2020

Philippines metal production seen to rise in 2019

The government expects the country’s metal output to recover this year as mining firms try to produce more to make up for lost time......»»

Category: financeSource:  philstarRelated NewsMay 8th, 2019

Philippines metal production seen to rise this year

The government expects the country’s metal output to recover this year as mining firms try to produce more to make up for lost time......»»

Category: financeSource:  philstarRelated NewsMay 7th, 2019

MPIC eyes return to pre-COVID profitability by 2022

Metro Pacific Investments Corp., the tollways and infrastructure conglomerate chaired by tycoon Manuel V. Pangilinan, expects to return to pre-COVID-19 profitability by 2022 as it considers 2021 still a transition year given the still to be completed rollout of vaccines in the country, as well as full recovery of the economy......»»

Category: financeSource:  philstarRelated News2 hr. 38 min. ago

MPIC eyes return to profitability by 2022

Metro Pacific Investments Corp., the tollways and infrastructure conglomerate chaired by tycoon Manuel V. Pangilinan, expects to return to pre-COVID-19 profitability by 2022 as it considers 2021 still a transition year given the still to be completed rollout of vaccines in the country, as well as full recovery of the economy......»»

Category: financeSource:  philstarRelated News16 hr. 18 min. ago

Mandaue City expects high marks in road clearing evaluation

MANDAUE CITY, Philippines– Mandaue City is confident to get a high compliance rating in the Department of the Interior and Local Government (DILG) Road Clearing Operation 2.0. Yesterday afternoon, February 23, 2021, was the final validation on the city’s road clearing operations conducted by personnel from DILG Cebu City. JohnJoan Mende, the new director of […] The post Mandaue City expects high marks in road clearing evaluation appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsFeb 25th, 2021

Ayala Land allots P88 billion for & lsquo;21 capital expenditures

Property developer Ayala Land Inc. said Wednesday it will spend P88 billion in capital expenditures this year as it expects overall businesses to recover from pre-pandemic levels in two to three years......»»

Category: financeSource:  thestandardRelated NewsFeb 24th, 2021

Citi hikes inflation forecast to 3.6%

Global banking giant Citi has raised its inflation forecast for the Philippines over the next two years, but expects the Bangko Sentral ng Pilipinas to keep rates at an all-time low of two percent until the middle of next year to help the economy recover from the pandemic-induced recession......»»

Category: financeSource:  philstarRelated NewsFeb 16th, 2021

BIR eyes 7.23% increase in 2021 tax haul to P2.08t

The Bureau of Internal Revenue expects to increase tax collection by 7.23 percent to P2.08 trillion this year from P1.94 trillion in 2020 on improving tax compliance among all taxpayers, Commissioner Caesar Dulay said in a report to Finance Secretary Carlos Dominguez III......»»

Category: financeSource:  thestandardRelated NewsFeb 15th, 2021

Fitch Solutions: PH economy poised to grow 7.6% in 2021

Fitch Solutions, a unit of the Fitch Group, said over the weekend it expects the Philippine economy to rebound this year with a growth of 7.6 percent from a record-low 9.5-percent slump last year amid the prolonged impact of the COVID-19 pandemic......»»

Category: financeSource:  thestandardRelated NewsJan 31st, 2021

PH Inflation Rate at 3.7% in January

Bangko Sentral ng Pilipinas (BSP) expects a 3.7% inflation rate in the month of January 2021. 3.7% however, is the inflation rate’s midpoint but it could stay between 3.3-4.1% depending in the situation. BSP Governor Benjamin Diokno revealed that power rate, price increase in meat, fuel and other basic necessities and even excise tax on […].....»»

Category: newsSource:  metrocebuRelated NewsJan 30th, 2021

BPI says economic recession over, expects 6% recovery this year

Bank of the Philippine Islands, the third-largest lender in terms of assets, is optimistic the recession experienced by the Philippines due to the COVID-19 pandemic is over and that a 6-percent economic growth could be expected in 2021......»»

Category: financeSource:  thestandardRelated NewsJan 29th, 2021

Dominguez expects gov& rsquo;t revenues to pick up by 4th quarter

Finance Secretary Carlos Dominguez III said Monday he is optimistic that government revenue collections will improve by the fourth quarter of 2021, after they were affected by the COVID-19 pandemic last year......»»

Category: sportsSource:  abscbnRelated NewsJan 26th, 2021

PH firms see busier 2021 but financing tech shift a challenge, says Grant Thornton

MANILA, Philippines — Philippine companies are preparing for economic recovery and are prioritizing the use of technology to meet an expected uptick in business activity this year, but many face a shortage of financial resources needed to meet these new challenges. Thus revealed the latest International Business Report released on Monday by consulting and audit firm […] The post PH firms see busier 2021 but financing tech shift a challenge, says Grant Thornton appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsJan 25th, 2021

Russia expects a tough policy from Biden, but is appealing to his pragmatism

This content was published on January 21, 2021 – 15:10 Jan 21, 2021 – 15:10 Celine Emesiger MOSCOW, Jan.21 (EFE). The Kremlin assumed that the.....»»

Category: newsSource:  thedailyguardianRelated NewsJan 21st, 2021

Inflation seen above 3% for most of 2021

Inflation is seen staying above three percent for the most part of 2021 before easing toward the later part of the year, allowing monetary authorities to maintain their accommodative stance to allow the country to recover from the pandemic-induced recession, according to the Bangko Sentral ng Pilipinas......»»

Category: newsSource:  philstarRelated NewsJan 21st, 2021

realme Greets 2021 with Multiple Awards Worldwide

realme Philippines was able to climb to being the number one smartphone brand in the country in just two years, as reported by global analysis firms Counterpoint Research, Canalys and IDC. With consistent sold-out sales, successful product launches and campaigns, and industry awards under its belt, the leading smartphone brand in the country is the […].....»»

Category: newsSource:  metrocebuRelated NewsJan 20th, 2021

Mindanao to slowly recover from economic lag, says biz leader

DAVAO CITY (MindaNews / 12 Jan) – A prominent business leader here expressed optimism that Mindanao will slowly recover in 2021 from the economic lag it suffered last year due to the coronavirus disease (COVID-19) pandemic. Maria Lourdes Monteverde, who will again be president of the Davao City Chamber of Commerce and Industry Inc. (DCCCII), […].....»»

Category: newsSource:  mindanewsRelated NewsJan 17th, 2021

BioNTech boosts 2021 vaccine supply forecast to 2 billion doses

German company BioNTech, which developed the first coronavirus vaccine approved in the West, said Monday it expects to produce two billion doses in 2021, up from the 1.3 billion previously forecast......»»

Category: newsSource:  thestandardRelated NewsJan 12th, 2021