Manila economy

ROME: Italian President Sergio Mattarella dissolved parliament on Thursday (Friday in Manila), triggering a snap election, which could bring the hard-right to power after the…

The Board of Investments (BoI) has approved PAVI Green Renewable Energy Inc.'s application for registration for its P2 billion Naga Solar Power Project in the city of…

New / Mindanao / Smuggled P2.1-M Cigarettes Intercepted in Davao City Smuggled P2.1-M Cigarettes Intercepted in Davao City DAVAO CITY (PNA) – Smuggled cigarettes worth 2.1 million pesos were intercepted at Barangay…

China's economic growth hit its lowest level in two years in the second quarter, official data showed on Friday, with Covid-19 lockdowns and a beleaguered property market pushing a government target even further out of reach.…

Part 2 A few days after President Ferdinand Marcos Jr. announced he was appointing then-Central Bank Governor Benjamin Diokno as the new finance secretary in the new administration, I had the good fortune to be…

THE Economic Freedom Foundation (EFF) has provided the Marcos Administration with policy recommendations that will ensure the Philippines' sustained economic growth in the…

LONDON, UK — Boris Johnson resigned as leader of Britain's Conservative Party on Thursday, sparking a protracted race to succeed the outrageous prime minister after an extraordinary exodus of ministers from his government. Britain's…

MANILA, Philippines (AP) — New Philippines President Ferdinand Marcos Jr. will meet with China's top diplomat on Wednesday to discuss long-simmering disputes in the South China Sea as he addresses foreign policy dilemmas that…

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NAYPYITAW, Myanmar. Dialogue between Burma's junta and ousted leader Aung San Suu Kyi to end the bloody crisis sparked by the overthrow of her government last February is…

MANILA, Philippines — After repaying its debt to the Bangko Sentral ng Pilipinas, the national government saw its obligations ease in May, but concerns remain as growing obligations threaten to limit the state's spending choices. Treasury…

BEIJING: Profits at China's major industrial companies fell at a slower pace in May as factories in the world's second-largest economy resumed production and the business…

At the end of June, the Philippines will inaugurate the newly elected administration led by Ferdinand Marcos, Jr. A lot of hopes and aspirations are invested in the new government on the back of the overwhelming number of votes won by the…

BEIJING, China — China reported no new Covid-19 infections in Shanghai for the first time since March on Saturday, as the country's latest outbreak eases after months of virus-driven lockdowns and restrictions. China is the last major…

(Welcome address and keynote address by Fr. Joel Tabora, SJ, President of Ateneo de Davao University) On behalf of Ateneo de Davao University, I welcome you to this launch of the 788-page volume, Transfiguring Mindanao: A…

PRESIDENT-elect Ferdinand "Bongbong" R. Marcos Jr. will be the nation's first president to simultaneously serve as secretary of agriculture. It can have its advantages, but…

Bria Homes offers top-quality, well-designed home models and state-of-the-art equipment. CONTRIBUTED PHOTO BRIA Homes, one of…

Over the past week, much of my attention has been directed to the Asian Clean Energy Forum (ACEF) 2022, an annual conference organized by the Asian Development Bank (AfDB)…

Have a good day. Here are the articles from the Manila Times for Friday, June 17, 2022.READ: OCTA, DoH differ on Metro risk levelINDEPENDENT Covid-19 tracker OCTA Research…

Have a good day!Here are the top stories from the Manila Times for Wednesday, June 15, 2022.READ: Covid cases rise 53% in NCRCovid-19 cases have risen 53% in the National!-->…

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My colleague Marlen Ronquillo's Wednesday, June 8 column ("Geology-challenged pols: Curb your BNPP enthusiasm"), sketched out the main geological arguments against the…

The Philippines said on Thursday it had filed a new diplomatic protest against Beijing over the alleged return of a massive Chinese fleet operating "illegally" around Whitsun Reef in Manila's Exclusive…

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

HEADLINE inflation likely accelerated further in May due to higher food and commodity prices, economists polled by the Manila Times said.Projections for the month ranged from…

Given the extent to which public debt has become a popular concern lately, the announcement by the Asian Development Bank (ADB) earlier this week that it had approved another…

The 100 days since Russia launched its invasion of Ukraine have seen Europe destabilized, the world economy weakened and the world order turned upside down. But Russian President Vladimir Putin remains in power and despite the…

HOLDING AbaCore Capital Holdings Inc. (ABA) recently announced that its overall net income rose to 5 billion pesos in 2021, or 1.19 pesos per share, an astronomical…

Have a good day. Here are the stories for The Manila Times for Sunday, May 29, 2022.READ: Economic BBM's A-team reassures businessmenPRESIDENT-elect Ferdinand "Bongbong"…

AirAsia is expected to return to the capital of the Philippines - Manila, from Kota Kinabalu, Sabah on May 27 with two weekly flights. The two weekly flights are now available to book between Kota Kinabalu…

ACEN integrates BESS in an Australian solar project By MYRNA M. VELASCO ACEN Corporation, led by Ayala, and its partner company UPC Renewables would integrate a 50 megawatt/one-hour battery energy storage system (BESS) into its peak 720…

DESIRE FOR PEACE A military chaplain conducts a funeral service for Ukrainian servicemen Sergei Profotilov and Igor Malenkov, both killed in the village of Vilkhivka during the Russian invasion of…

STRESSFUL SITUATION This photo from the state-run Korean Central News Agency (KCNA) shows North Korean leader Kim Jong Un speaking during a meeting of the ruling party's politburo in Pyongyang on…

Have a good day.Here are the Manila Times Top Stories for May 19, 2022.READ: Villar and Zubiri to run for Senate presidentTHE presidency of the Senate will be a fight!-->…

Finance Secretary Carlos G. Dominguez III said the Philippines looked forward to future initiatives under the ASEAN Plus Three (China, Japan, Korea) cooperation to help accelerate the country's transition from coal to sources. sustainable…

US President Joe Biden says a first summit in Washington with leaders of the Association of Southeast Asian Nations (ASEAN) marks the launch of a "new era" in relations between states States and the 10-nation bloc. "Much of our…

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…