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Lockdowns sink FDI pledges deeper into 2-year low in second quarter

Foreign direct investment (FDI) pledges in the country’s economic zones further sank in the second quarter, a reminder of intense investor fears amid the pandemic that the government seeks to soothe through lower corporate taxes......»»

Category: newsSource: philstar philstarSep 11th, 2020

Sans lockdown, economy to shrink still in Q3 — BSP

Even with lockdowns rolled back, the local economy is still poised to contract further this quarter and sink deeper into recession, the central bank said......»»

Category: newsSource:  philstarRelated NewsSep 17th, 2020

Ecozone investments climb 54% to P25.4 billion

Investment pledges approved by the Philippine Economic Zone Authority rose by 54 percent in the first quarter from a year ago despite the ongoing coronavirus pandemic......»»

Category: financeSource:  philstarRelated NewsMay 12th, 2021

Trade resumption as lockdowns eased a boon to ICTSI in Q1

ICTSI recorded a first quarter net income of $102.3 million, 49% up year-on-year......»»

Category: financeSource:  philstarRelated NewsMay 6th, 2021

China economy grows 4.9% in Q3, extending virus recovery

China's economy grew 4.9 percent on-year in the third quarter, sustaining its rebound from bruising virus lockdowns and moving closer to pre-pandemic levels, official data showed Monday......»»

Category: financeSource:  thestandardRelated NewsOct 19th, 2020

Brief lockdowns sink infrastructure outlays to 3-month low

Capital outlays plummeted 18.4% year-on-year in August to P61 billion, data from the Department of Budget and Management released on Monday showed. .....»»

Category: newsSource:  philstarRelated NewsOct 12th, 2020

More banks expect deeper contraction for Philippines this year

More investment banks and think tanks are looking at a bleaker economic outlook for the Philippines with a deeper economic contraction seen this year for implementing one of the longest and strictest lockdowns to contain the spread of the coronavirus disease 2019 or COVID-19 pandemic......»»

Category: financeSource:  philstarRelated NewsSep 26th, 2020

Investment pledges up in Davao Region amid pandemic

DAVAO CITY (MindaNews / 27 August) – Approved investment pledges registered in Davao Region increased to P2.4 billion in the second quarter this year despite the crippling impact of the coronavirus disease (COVID-19) on the economy, National Economic Development Authority-Davao director Maria Lourdes Lim said. Lim said this figure is higher by 79.29-percent compared to […].....»»

Category: newsSource:  mindanewsRelated NewsAug 29th, 2020

Gradual Reopening with Strict Rules to Help PH Economy Recover

Trade Secretary Ramon Lopez on Friday said only through resuming business activities will the country’s economy be able to recover after it plunged 16.5 percent in the second quarter of the year. But with the risk of Covid-19, Lopez underscored that strict health protocols should remain in place while easing lockdowns and gradually reopening economic […].....»»

Category: newsSource:  metrocebuRelated NewsAug 7th, 2020

Moody’s Analytics: Philippine economy likely contracted 8% in Q2

Moody’s Analytics said the Philippine economy may book a deeper contraction of eight percent in the second quarter of the year from 0.2 percent in the first quarter due to the containment measures against the deadly coronavirus disease 2019......»»

Category: financeSource:  philstarRelated NewsAug 3rd, 2020

Remittances sink deeper in May

Cash inflows from migrant workers dropped 19.3% year-on-year, the worst performance since January 2001......»»

Category: newsSource:  philstarRelated NewsAug 3rd, 2020

’20 Growth Target Stays Amid Expected Deeper Contraction in Q2

Economic contraction in the second quarter of the year is expected to be deeper than the first three months performance, but economic managers are keeping their 2 percent to 3.4 percent contraction projection for this year. “It’s logical that the second quarter will be worse than the first quarter because that’s the peak of the […].....»»

Category: newsSource:  metrocebuRelated NewsJul 10th, 2020

Virus sinks FDI pledges to 2-year low in first quarter

Investors have held off from making any commitments to invest in the country's economic zones......»»

Category: financeSource:  philstarRelated NewsJun 4th, 2020

vivo ranked among Top 5 global smartphone brands in Q2 of 2021, according to Canalys

According to the latest data from Canalys, vivo ranked fifth in global smartphone shipments with a market share of 10% in the second quarter of 2021, an increase of 27% year on year. .....»»

Category: techSource:  thestandardRelated NewsJul 23rd, 2021

BPI& rsquo;s net income climbed 28% to P6.8B in second quarter

Bank of the Philippine Islands, the third-largest lender in terms of assets, said Thursday net income jumped 28.8 percent year-on-year in the second quarter to P6.8 billion, its highest quarterly profit since the start of the pandemic......»»

Category: financeSource:  thestandardRelated NewsJul 23rd, 2021

EDITORIAL - Back to the home

The move is meant to improve the mental health of children, who have been cooped up at home since the start of pandemic lockdowns in March last year......»»

Category: newsSource:  philstarRelated NewsJul 21st, 2021

Mobility curbs limiting impact of Delta variant

With mobility still limited particularly in the National Capital Region, the economic impact of the more dangerous coronavirus Delta variant would not be felt until the last quarter of the year, an international think tank said......»»

Category: newsSource:  philstarRelated NewsJul 20th, 2021

LG goes beyond boundaries with new monitor line

Over the past year, working from home has gone from the exception to the norm. The convenience of foregoing hours stuck in traffic, as well as being safe from the pandemic, directly translates to increased happiness, efficiency, and productivity. Consumers were quick to transition at home. However, not all setups were conducive as a workspace. One of the biggest issues that arose was the requirement for proper computer monitors. One of the segments that grew the most over the past year has been monitors. According to the International Data Corporation (IDC), in the 4th quarter of 2020, the monitor market grew 16.9% year over year with shipments surpassing 39.2 million units worldwide. .....»»

Category: techSource:  thestandardRelated NewsJul 17th, 2021

Budget releases dip 6.3% in Q2

The government trimmed its release of notices of cash allocation by 6.32 percent in the second quarter, but managed to improve the average utilization rate to 97 percent for the year......»»

Category: financeSource:  philstarRelated NewsJul 15th, 2021

Megawide gets P1.24 billion contracts

Megawide Construction Corp. has secured P1.24 billion worth of new contracts in the first quarter of the year despite the challenging environment brought about by COVID-19......»»

Category: newsSource:  philstarRelated NewsJul 13th, 2021

JCurve Solutions announces strong Q4 financial results, new Chief Growth Officer

JCurve Solutions, a cloud technology solution provider, kicks off its new financial year off the back of a strong sales quarter achieving AUD $4.0 million worth of sales in Q4 FY2021---a 40 percent year-on-year growth from AUD $2.8 million in Q4 FY2020. .....»»

Category: techSource:  thestandardRelated NewsJul 6th, 2021