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Manila economy
Philippine capital to recycle tons of trash in post-election cleanup
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 Announces P2.8-B Net Loss – Manila Bulletin
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…
Cryptocurrencies, NFT and the Accounting Profession
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…
Marcos votes for the 2022 elections
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…
PH and Pakistan sign defense cooperation pact – Manila Bulletin
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)…
Rising interest rates – Manila Standard
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…
What should businesses do when things return to normal?
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…
Beginning of civil works on the major pumping station project in Valenzuela
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…
KUWTT: ‘Covid positives’ can vote – Comelec | May 01, 2022
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 Strong Economy – Manila Standard
"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,…
South China Sea Disputes and Post-Duterte Philippines-China Relations – Analysis –…
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…
Simplify the delivery of health care in PH
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…
High-Stakes Elections in the Philippines: What You Need to Know
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…
KUWTT: Comelec withholds P90M Smartmatic charges | April 20, 2022
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!-->…
Upgraded MSME Learning Platform | The Manila Times
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…
Draft strategic investment plan completed
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…
Federal Land Helps Boost Socio-Economic Activity in Marikina, Manila and the Manila Bay Area with…
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 .!-->…
CEO Summit Brings Over 100 Business and Government Leaders to Baguio
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…
PRRD Covid-19 key response for more jobs
President Rodrigo Duterte (center) with six of the seven PDP-Laban senatorial bets (from left to…
The Duterte government has shaped a better future for Filipinos and the economy
Executive Secretary Salvador Medialdea (File photo)…
Manufacturing sees fastest growth in 3 years as economy reopens
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…
Building a sustainable food supply chain in the age of the pandemic
Read this in the Manila Times digital edition.…
Timor-Leste ready for the second round of elections in April
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…
US calls off talks with Taliban after girls’ schools close – Manila Bulletin
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…
Slow PH booster intake, expiry of Covid-19 vaccines ‘not encouraging’ – Concepcion –…
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…
Higher spending widened the budget deficit in January
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…
Prizes Galore for Southwoods Invitational Golf Aces
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…
High inflation jeopardizes GDP target
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,…
Chinese city of 9 million goes into lockdown as Covid cases rise – Manila Bulletin
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.…
‘Rooster Wars’ versus e-sabong | The Manila Times
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…
Government scrambles amid oil crisis
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…
Aboitiz Construction develops 57 ha of LIMA Estate – Manila Bulletin
**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…
Camille’s farewell parties | The Manila Times
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…
Sri Lanka urged to raise taxes and devalue its currency
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…
Virus wave worsens grim state of domestic helpers
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…
Alicia Reyes, former head of Pagcor, 88
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…
Why I like investing in stocks
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 AMTC launches the best performing funds
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…
Western allies impose massive sanctions
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…
PH urged to brace for impact of global inflation
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…
DTI unfazed by new threat to business benefits
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…
5 EU Telecom Companies Wanting PH – Lopez – Manila Bulletin
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…
The mayor of Navotas defends the city’s projects
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…
Financing the auto sales recovery – Manila Bulletin
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…
The campaigns are on for the next Filipino leader who will inherit Duterte’s pandemic mess
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…
Alert Level 1 change could add P11B to economy
SOCIOECONOMIC Planning Secretary Karl Chua
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Leody de Guzman pushes for government and the economy of the masses
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…
Diplomatic scramble to avoid Russia-NATO clash over Ukraine
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.…
Inflation drops to 3% in January │ GMA News Online
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%…
The exchange encourages looser restrictions; SPNEC climbs
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 turn green on bright economic outlook
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…
SALN flip-flop, liberal views, economic plans
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…
Palace to Bloomberg bottom of PH’s COVID-19 resilience ranking: watch economic growth
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…
KUWTT: Lower Alert Level for NCR Looms | January 27, 2022
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.…
Airline profitability declines in third quarter – IATA – Manila Bulletin
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…
GDP growth of 6.3% in 2021
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: Good governance is the key to business growth
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…
DTI chief says vaccination saves lives and jobs
'RESBAKUNA SA BOTIKA'. Commerce Secretary Ramon Lopez delivers his message at the launch of "Resbakuna…
Stocks on mitigating COVID cases; ICTSI and BDO climb
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…
Climate change worsens impact of humid heat on outdoor workers: study
"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…
Coronavirus: Latest global developments | ASEAN Post
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…
Omicron virus will not derail GDP growth momentum – BSP chief – Manila Bulletin
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…
The stock market goes down as the era of cheap money draws to a close
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,…
Biden to deliver State of the Union address on March 1 – Manila Bulletin
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…
BSP approves new budget support for P300-B NG – Manila bulletin
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…
UK opposes G7 dependence on Russian gas supply
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Analysts see further decline in peso
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…
France to impose more work from home in fight against COVID – Manila Bulletin
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…
Calax and Cavitex ready for the holiday wave
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…
UnionBank’s E-TalkTales Highlights Future Projects and Achievements – Manila Bulletin
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…
War-torn town of Lanao Norte lights up Christmas display
By Richel V. Umel | IPP
Kauswagan, Lanao del Norte â This once war-torn town, a usual hotspot of conflict between government soldiers and Moro rebels since the 1970s, kicked off its colorful Christmas…
More loans, grants for PH vaccines, disaster preparedness
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…
Remittances reach $ 25.93 billion – Manila Bulletin
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…
Biden must forge stronger trade ties with ASEAN
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…
Biden must forge stronger trade ties with ASEAN
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…
Nobel Prize in Physics denies scientific brain drain in Italy
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…
Pakistan calls for tough action on climate change
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…
Poverty, low wages top concerns for most Filipinos – survey – Manila Bulletin
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…
Taliban regime will not “interfere” in the affairs of other countries (PM) –…
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…
Debt-to-GDP ratio is expected to improve with economic recovery
RCBC Chief Economist Michael Ricafort…
Surprise in the third quarter | Cebu Daily News
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…
SMDC Gold Reso offers a perfect home for the Filipino entrepreneur
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…
Robredo promises to ‘build smarter’ if elected president
Vice-President Maria Leonor âLeniâ Robredo. Photo by René Dilan
Vice-President Maria Leonor "Leni"…
No mailing for non-vaxxed children under 12 years old
President Rodrigo Duterte yesterday urged local government units to pass an ordinance prohibiting unvaccinated children aged 11 and under from shopping malls.
FIRST DAY…
Kishida re-elected Japanese prime minister in parliamentary vote
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…
FINEX welcomes more relaxed NCR alert level – Manila bulletin
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 Selected for Digital Transformation Projects in Asia (ADX) – Manila Newsletter
broadleaf
Broadleaf Co., Ltd. (Headquarters: Shinagawa City, Tokyo; Representative Director and Chairman: Kenji Oyama; hereinafter âBroadleafâ), an IT developer and service provider focused…
Low Covid Case Ticket For Merry Christmas
Presidential Advisor for Entrepreneurship and Founder of Go Negosyo, Jose Maria "Joey" Concepcion 3rd
PRESIDENTIAL Entrepreneurship Advisor Jose Maria…
GDP likely beats pessimistic third quarter forecast – Manila Bulletin
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 – Manila Bulletin
PCCI supports alert level 2
The Philippine Chamber of Commerce and Industry (PCCI), the country's largest trade…
PH still awaiting results from World Climate Summit – Manila Bulletin
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…
My toys | Manila weather
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…