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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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 […].....»»
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......»»
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......»»
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......»»
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.....»»
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......»»
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 […].....»»
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), […].....»»
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......»»