Good economic outlook despite Delta variant threat—NEDA official
The National Economic and Development Authority (NEDA) was confident of a good economic outlook at the end of July despite the threat of the Covid-19 Delta variant that tightened quarantine protocols in Metro Manila.
Utility tech firm ABB wants Davao to catch up with Manila
Global utility tech company ABB plans to invest in Davao City as it catches up with the nation’s capital city Manila with its “potential in the utility space.”
GAC Motor Philippines chosen as official partner for 2021 PhilCycling National Trials
The Integrated Cycling Federation of the Philippines has chosen GAC Motor Philippines to become the official mobility partner of the 2021 PhilCycling National Trials for Road on July 10 to 11 at Clark Freeport and Special Economic Zone in Pampanga.
BSP to watch Covid-19 variants’ threat to inflation
While the country’s inflation rate in June 2021 eased to 4.1 percent, the Bangko Sentral ng Pilipinas (BSP) said it would still monitor the economic pressures brought about by the emerging coronavirus variants.
PH unemployment rate drops in May, at 7.7%
The May unemployment rate was a whole percentage point lower than the 8.7 percent recorded in April.
Still no funds from OWWA—Overseas Filipino Bank president
The Overseas Workers Welfare Administration (OWWA) has not yet contributed funds to the state-owned Overseas Filipino Bank (OFBank), the bank’s president said on June 29.
Duterte OKs merger of Landbank, UCPB
Landbank will remain as the surviving entity after the merger, with all UCPB assets and liabilities to be transferred to it.
PSA: 4.14M jobless in April during reimposition of ECQ, MECQ—PSA
The April unemployment rate was 8.7 percent, 1.6 percentage points higher than the March rate of 6.1 percent.
San Miguel fast-tracks SLEX extension to Lucena
In a statement, San Miguel said the 66.74-kilometer road project would boost the Southern Tagalog region, and contribute to the country’s pandemic recovery efforts.
No shortage in meat products, canned goods— San Miguel
San Miguel Foods, San Miguel Corp.’s (SMC) food unit, said its meat products and canned goods would remain available in supermarkets and other retail outlets amid the concerns raised about import restrictions and a surge in meat material prices.
Bank deposits near P15 trillion as Filipinos save more during pandemic
Deposits in the Philippine banking system reached P14.9 trillion last year, a 9 percent growth from P13.6 trillion in 2019, as Filipinos started saving more amid the pandemic. Data from the Philippine Deposit Insurance Corp. (PDIC), the state-run deposit insurer,...
DOE wants gov’t to build new power plant
Despite adequate power supply, Energy Secretary Alfonso Cusi wants the government to again join the power generation business by building a reserve power plant.Cusi warned that if problems in active power plants occurred, supply would not be enough to back up demand...
Karl Chua made permanent NEDA chief
The socioeconomic planning secretary is also the director general of the National Economic Development Authority (NEDA).
Agri, food sectors key to PH’s economic recovery – study
The economic impact of agriculture and food industries in Southeast Asia (Oxford Economics). The agriculture and food sectors will be the main drivers of post-pandemic economic growth, a study has found.The study commissioned by food manufacturer organization Food...
3rd-gen Tan brothers lead Tanduay’s US, e-commerce ventures
Third-generation Tan brothers Kyle Tan (left) and Lucio Tan III (right). Two grandsons of tycoon Lucio Tan Sr. are spearheading Tanduay Distillers Inc. ’s e-commerce venture and a partnership deal in Arizona.Tanduay President and COO Lucio Tan III and his younger...
PH firms focused on customers, workers in post-pandemic strategy – study
To bounce back from the economic drawbacks of the pandemic, Philippine enterprises are prioritizing consumer expectations and improving “experience management” in the workplace, a study has found.A survey from enterprise software company SAP found that both big...