Manila economy

TRINCOMALEE: The appointment of a new prime minister has failed to appease Sri Lankan protesters, who on Friday vowed to continue their campaign to topple President Gotabaya Rajapaksa, whom they blame for causing the worst economic…

JG Summit Holdings, Inc. (JGS), the flagship of the Gokongwei Group, recorded a net loss of 2.8 billion pesos for the first quarter of 2022 on a net profit of 526.52 million pesos in the same period. last year. In a statement to the…

BEFORE I start discussing cryptocurrencies and non-fungible tokens (NFTs), let me first give you a brief explanation of what they are. Simply put, cryptocurrencies are an…

https://www.youtube.com/watch?v=6aMSnyxOogIBATAC CITY, Ilocos North: Presidential front-runner Ferdinand "Bongbong" Marcos Jr. cast his ballot Monday for the 2022 national…

Weeks before the arrival of a new administration in June, the Philippine government reached a new agreement with Pakistan to formally establish defense cooperation between the two Asian countries, the Ministry of National Defense (DND)…

Recently, the world's central banks have been increasing their interest rates one after another. It is their answer to stopping runaway inflation, which will ultimately reduce consumers' purchasing power and stunt economic growth…

MANILA, Philippines – The economic recovery in the Philippines is underway as the government ordered more relaxed restrictions under Alert Level 1 in Metro Manila. Since most people were already vaccinated, daily cases of COVID-19 remain…

DPWH The Department of Public Works and Highways (DPWH) said on Monday that civil works had started on a major pumping station serving a flood-prone area in the city of Valenzuela. The project is expected to…

Have a good day. Here are the stories from the Manila Times this Labor Day, May 1, 2022.'Covid positives' can vote – ComelecAs for the Electoral Commission (Comelec), it…

"A lot is expected of the next leader." Ferdinand "Bongbong" Marcos Jr. (BBM, for short) if he wins the presidency on May 9, 2022, will be one lucky GM. BBM seems to me a safe bet for 2022. An average of 16 major surveys,…

Coming to power just two weeks after an arbitral tribunal ruled over the South China Sea, the enigmatic Philippine President Rodrigo Duterte was credited with easing tensions amid burning passions at the time. Since then, his…

A PROVIDER of technology-driven solutions in the healthcare industry recently announced its arrival in the Philippines with a virtual open house on April 13 to recruit 1,000…

On May 9, voters in the Philippines choose their next president, who will serve a six-year term. There are many candidates, but only two have a chance of winning: Ferdinand Marcos Jr., son of the former dictator of the Philippines, and…

Have a good day!Here are the top stories from the Manila Times for Wednesday, April 20, 2022.READ: Comelec withholds P90M Smartmatic chargesElectoral Commission or Comelec!-->…

PLUS micro, small and medium-sized enterprises (MSMEs) can take advantage of the upgraded version of an e-learning platform to develop their digital skills to keep their…

THE Ministry of Trade and Industry has completed its final draft Strategic Investment Priorities Plan (SIPP) of the Business Recovery and Business Tax Incentives (Create) Act…

Real estate company Federal Land Inc. is on track to meet its 2022 targets with new properties that are expected to help boost socio-economic activity in Marikina, Manila and the Manila Bay Area in Pasay City .!-->…

Keynote speaker Baguio City Mayor Benjamin Magalong speaks on the theme of this year's CEO Summit "4IR Ready: The Age of Digital Transformation". CONTRIBUTED PHOTO…

President Rodrigo Duterte (center) with six of the seven PDP-Laban senatorial bets (from left to…

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Executive Secretary Salvador Medialdea (File photo)…

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MANILA, Philippines - The Philippines' manufacturing sector continued to recover, hitting a new three-year high in March as several parts of the country were placed under the most lenient pandemic alert classification. New York-based…

Read this in the Manila Times digital edition.…

DIRTY FINGER This March 19, 2022 file photo shows former President of Timor-Leste and Nobel Peace Prize laureate Jose Ramos-Horta holding up his inked finger after casting his vote at a polling station in…

WASHINGTON, United States — The United States said on Friday it had called off scheduled talks in Doha with the Taliban after extremist Islamist leaders in Afghanistan closed secondary schools for girls. "We have canceled some of our…

Presidential Entrepreneurship Advisor Joey Concepcion is sounding the alarm over the Philippines' slow uptake of the recall and the upcoming expiration of Covid-19 vaccines in the country's inventory. Joey Concepcion, Presidential…

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The government's budget deficit rose 66.3% in January to 23.4 billion pesos from 14.1 billion pesos a year ago, while government disbursements rose 9.7%, outpacing the 6.7% increase in revenue collection, according to data from…

A brand new car and cruise package will be up for grabs for hole-in-one exploits as the Southwoods Invitational kicks off on Wednesday with 200 teams from a full roster of 400 battling it out for top honors at the Legends and…

Motorists refuel at a gas station in Novaliches, Quezon City, on March 12. Fuel retailers are expected to implement another significant pump price hike on Tuesday. — PHILIPPINE STAR/ MICHAEL VARCAS By Luz Wendy T. Noble,…

SHANGHAI, China — A northeast Chinese city of nine million people was ordered to close on Friday, as authorities scramble to stop a new Covid-19 outbreak that has pushed the number nationwide caseload to its highest level in two years.…

In a rare unanimous decision, the Senate issued a resolution calling for the immediate suspension of online cockfighting or e-sabong operations nationwide. It came after the…

Duterte could ask Congress to study the state of economic emergency President Rodrigo Duterte plans to call a special session of Congress to discuss a possible state of economic emergency and other recommendations from his…

**media** Aboitiz Construction has reached the agreement to develop the second phase of the industrial land expansion of subsidiary LIMA Estate in Lipa-Malvar, Batangas, the first announced on March 7. The project, which will generate…

The lively, charming and affable Camille Agbayani arrived quietly in the country a year after her last visit. She was lucky to be released from the five-day quarantine just…

COLOMBO, Sri Lanka — The International Monetary Fund on Thursday warned crisis-hit Sri Lanka that its external debt was "unsustainable" and called for devaluation and higher taxes to revive the nearly bankrupt economy. The…

Hong Kong—Janice Obiang choked back sobs as she packed goods to send to the Philippines, gifts for loved ones she hasn't seen in years as the lives of domestic workers in virus-hit Hong Kong , going from bad to worse. NOWHERE…

MANILA, Philippines — Alicia Reyes, former president and CEO of Philippine Amusement Gaming Corp. (Pagcor), died at the age of 88. Pagcor said Monday that Reyes died Feb. 26. Reyes led the agency from 1986 — when she was appointed by…

I have been investing in stocks for over a decade now. The experience was very rewarding.Listed shares are shares owned by a company that can be bought and sold easily in a public market.…

BPI Asset Management and Trust Corp., the wealth management arm of the Bank of the Philippine Islands, recorded strong performance among its unitary investment trust funds, collectively known as BPI Invest. Showing resilience…

KYIV — Russia faced a fierce global diplomatic and economic backlash on Tuesday after President Vladimir Putin ordered his forces into Ukraine to secure two breakaway regions. A Ukrainian serviceman walks along a trench at a…

A customer buys vegetables at a market in Manila on October 5, 2018. A February 2022 World Bank report warns of the impact of global inflation. (PHOTO FROM APPLICANT FILE) MANILA, Philippines — Philippine monetary authorities should…

THE Department of Trade and Industry (DTI) is not concerned by the European Parliament's repeated threat to revoke the country's zero-tariff export status due to alleged human rights…

Five European telecom companies are expected to invest in the Philippines once Malacanang finally signs the amended Public Services Act (PSA), according to Trade and Industry Secretary Ramon M. Lopez. Secretary of Commerce and Industry…

NAVOTAS City Mayor Tobias "Toby" Tiangco said the infrastructure projects undertaken by the local government meet the basic needs of the city's residents and are not just for "vanity"."Ayaw…

In 2020, the automotive market all but collapsed as a result of the COVID pandemic. The demand for vehicles disappeared due to the uncertainties of the times and the strict mobility lockdown. Another factor, however, that had a…

MANILA, Philippines — Candidates for the May 2022 elections opened their campaigns on Tuesday, February 8, drawing crowds of mask-wearing supporters amid the coronavirus pandemic. In the country's capital, Manila, where…

SOCIOECONOMIC Planning Secretary Karl Chua Updated at!--article_body_images-->…

FILE PHOTO: Labor leader Leody de Guzman, chairman of Bukluran ng Manggagawang Pilipino. (Photo taken from his Facebook account) MANILA, Philippines - Mass government and economy - that's what presidential candidate Leody De Guzman is…

A military instructor teaches civilians to hold wooden replicas of Kalashnikov rifles, as they take part in a training session in an abandoned factory in Kiev, the Ukrainian capital, on February 6, 2022.…

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Inflation or the rate of increase in prices of goods and services continued its downward trend in January 2022, the Philippine Statistics Authority (PSA) reported on Friday. Inflation hit 3% last month, a slower pace than the 3.6%…

Share prices rose on Wednesday due to falling COVID-19 cases and the capital region's return to less rigid lockdown measures. The Philippine stock index jumped 97.34 points, or 1.3% to 7,458.99 on a turnover of 7.8 billion…

Stocks were mostly higher on Monday after the Interagency COVID-19 Task Force for the Management of Emerging Infectious Diseases (IATF) announced more relaxed pandemic restrictions in Metro Manila and other provinces, helping to spur…

MANILA, Philippines — Presidential aspirant Ferdinand "Bongbong" Marcos Jr attended four media forums this week where he flip-flopped on transparency, revealed his liberal views on abortion and raised concerns. questions about…

Metro Manila (CNN Philippines, January 28) — With the Philippines again a cave dweller in a Bloomberg survey of COVID-19 resilience, Malacañang wants the international news agency to focus on the country's economic performance instead. On…

Have a good day. Here are the top Manila Times stories from Thursday, January 20, 2022 brought to you by Wilcon Depot, the nation's leading home improvement and building supplies retailer.…

By EMMIE V. Abadilla As air cargo activity boomed and passenger traffic gradually improved, pressure on the global airline industry's operating profitability eased in the third quarter of last year, according to the…

The Philippine economy likely grew more than 6% in the fourth quarter of 2021, bringing year-to-date growth to 5.2% as the easing of quarantine restrictions boosted household consumption,…

ROBREDO SPEAKS Vice President Maria Leonor 'Leni' Robredo is featured at the "Meet the Presidentiables" Economic Reforms in the New Frontier conference co-presented by Finex, the Federation of Chinese…

'RESBAKUNA SA BOTIKA'. Commerce Secretary Ramon Lopez delivers his message at the launch of "Resbakuna…

Shares jumped on Tuesday after daily cases of COVID-19 in the Philippines peaked, stoking hopes of less restrictive mobility restrictions, particularly in the capital region. The Philippine stock index jumped 120.13 points, or…

"The negative effects of sweltering temperatures on people doing heavy work in agriculture and construction had been underestimated." By Kelly Macnamara A harrowing mix of heat and humidity that makes working outdoors…

Here are the latest developments in the coronavirus crisis: Johnson's problems worsen Revelations of boozier lockdown gatherings at Downing Street rock have beleaguered British Prime Minister Boris Johnson, including one just hours before…

Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said the highly contagious variant of Omicron, which shut down economic activities in the first weeks of January, will not affect the GDP growth momentum which has been…

Stocks fell on Tuesday as investors grew concerned about the Federal Reserve's plans to cut financial support measures and raise interest rates within months. The Philippine Stock Exchange index, the benchmark of 30 companies,…

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WASHINGTON, US - US President Joe Biden will deliver the traditional State of the Union Address (SOTU) on March 1, the White House said on Friday, as the Democrat struggles to tame Covid-19 and push through its legislative…

The Bangko Sentral ng Pilipinas (BSP) has granted a new 300 billion pesos loan to the national government (NG) for budget support and the response to COVID-19, lower than previous interim advances of 540 billion pesos, according…

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Analysts expect the Philippine peso to fall even more against the US dollar this year as economic activity picks up.They predict the peso will end this year at $ 51-52: 1, after dropping to…

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PARIS, France - France will order companies to impose at least three days of telecommuting per week on employees wherever possible to stem a fifth wave of Covid infections, Prime Minister Jean Castex said on Monday. The new…

MPCALA Holdings Inc., (MHI) and Cavitex Infrastructure Corporation (CIC), subsidiaries of Metro Pacific Tollways Corporation (MPTC), recently activated Oplan Biyaheng Ayos for the expected influx of motorists this holiday season…

To celebrate its many accomplishments and milestones from the past year, and to give a little taste of what its clients can expect in 2022, Union Bank of the Philippines (UnionBank) has hosted another iteration of its long series…

By Richel V. Umel | IPP Kauswagan, Lanao del Norte — This once war-torn town, a usual hotspot of conflict between government soldiers and Moro rebels since the 1970s, kicked off its colorful Christmas…

Finance Sec. Carlos Dominguez III and South Korea's Ambassador to the Philippines Kim Inchul when signing a $ 100 million loan agreement to boost the Philippine government's vaccination program against COVID-19. Photo courtesy of the…

Bank transfer remittances reached $ 25.93 billion at the end of October, up 5.3% from the same period last year to $ 24.63 billion, according to data from Bangko Sentral ng Pilipinas (BSP). In October alone, remittances sent…

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Author: Kevin Rutigliano, Thammasat University On October 26, 2021, US President Joe Biden attended a virtual summit meeting between the United States and ASEAN - the first time in four years that the United States has engaged at the…

Author: Kevin Rutigliano, Thammasat UniversityOn October 26, 2021, US President Joe Biden attended a virtual summit meeting between the United States and ASEAN - the first time in four years that the United States has engaged at the…

Italian physicist Giorgio Parisi will receive a shared Nobel Prize in a ceremony on Monday, but behind the celebrations lies dismay at the brain drain that has seen many…

ISLAMABAD: Pakistani Minister of State for Climate Change Zartaj Gul said on Wednesday that concerted efforts are needed to counter the adverse effects of climate change and the looming…

Economic issues are among the top concerns for most Filipinos, according to a survey commissioned by Stratbase. MANILA BULLETIN FILE In the published survey, it was found that five of the seven most pressing national concerns…

KABUL, Afghanistan - Taliban co-founder and now Afghan Prime Minister Mullah Mohammad Hassan Akhund on Saturday pledged his government "will not interfere" in the internal affairs of other countries, and urged international…

RCBC Chief Economist Michael Ricafort…

I was wrong about how the economy would fare in the third quarter (Q3) this year. And like almost everyone, I'm glad I was. Most were surprised by the unexpected strong recovery in the country's gross domestic product (GDP). Compared…

With the Philippine economy showing better prospects this year, now is the time for the Filipino entrepreneur to shine. And why not? With the experience of the pandemic, new industries…

Vice-President Maria Leonor “Leni” Robredo. Photo by René Dilan Vice-President Maria Leonor "Leni"…

President Rodrigo Duterte yesterday urged local government units to pass an ordinance prohibiting unvaccinated children aged 11 and under from shopping malls. FIRST DAY…

Fumio Kishida (center) bows after being re-elected Prime Minister of Japan to the lower house of parliament on Wednesday, November 10, 2021, in Tokyo. AP PHOTO…

The Institute of Financial Executives of the Philippines (FINEX) hailed the government's decision that lowered the quarantine status of Metro Manila to a more relaxed alert level. In a statement, Francisco Ed Lim, president of…

broadleaf Broadleaf Co., Ltd. (Headquarters: Shinagawa City, Tokyo; Representative Director and Chairman: Kenji Oyama; hereinafter “Broadleaf”), an IT developer and service provider focused…

Presidential Advisor for Entrepreneurship and Founder of Go Negosyo, Jose Maria "Joey" Concepcion 3rd PRESIDENTIAL Entrepreneurship Advisor Jose Maria…

The Philippine economy could likely outperform the pessimistic outlook for the third quarter following strong performance in the manufacturing sector, First Metro Investment Corp. said. (FMIC) and the University of Asia and…

PCCI supports alert level 2 The Philippine Chamber of Commerce and Industry (PCCI), the country's largest trade…

House Deputy Speaker Loren Legarda called on world leaders attending the 26th Conference of the Parties (COP26) to the United Nations Framework Convention on Climate Change to help secure the lives and livelihoods of…

A child's relationship with toys begins in early childhood. The most universal of these are rattles and teething rings. What toys are for an infant are tools for a parent to save him some…