THE PHILIPPINE economy might take two years to return to its pre-pandemic level, Bangko Sentral ng Pilipinas Governor (BSP) Benjamin E. Diokno said on Thursday. Third-quarter gross domestic product (GDP) data set to be released next week by the Philippine Statistics Authority will be “much better”
The outsourcing sector suffered around P120 billion in losses due to missed opportunities and unplanned expenses during the lockdown. — BLOOMBERG THE OUTSOURCING SECTOR lost around P120 billion due to missed opportunities and unplanned expenses during the lockdown, an industry group said. Information Technology and Business Process
Factory output continued to slump in September. — REUTERS THE COUNTRY’S factory output contracted for the seventh straight month in September, the Philippine Statistics Authority (PSA) reported on Thursday. Preliminary results of the PSA’s latest Monthly Integrated Survey of Selected Industries showed factory output, as measured by
By Arjay L. Balinbin, Senior Reporter PLDT, Inc. on Thursday reported a 95% growth in its attributable net income for the third quarter, noting that the period was an “all-time high” across its different business segments because of the spike in customer demand for digital services. In
SAN MIGUEL Corp. (SMC) posted a net income of P15 billion in the third quarter, up from the P13.54 billion it reported the same period last year, as its business units started bouncing back after subdued demand earlier in the year. In a statement Thursday, the
ABOITIZ Power Corp. has scheduled the two units of a subsidiary’s 1,336-megawatt (MW) supercritical coal-fired power plant in Dinginin, Bataan to start operating commercially around the middle of next year. In a statement late on Wednesday, the listed energy company said the first unit of GN
THE Securities and Exchange Commission (SEC) is requiring firms to submit a revised program against money laundering and terrorist financing within the next two months. The regulator published in newspapers on Thursday Memorandum Circular No. 29, or the 2020 guidelines on the submission and monitoring of
STREAMING service iflix’s new series, Beauty and the Boss, tells a love story from the point of view of the male protagonist which serves as a refreshing twist though the story (based on its first episode) still has the hallmarks of a typical romantic comedy. Beauty
The governor of the Bank of England has vowed to do “everything we can” to support the economy amid a resurgence of Covid-19 cases. Andrew Bailey said it was important that policymakers acted “quickly and strongly”, as the Bank announced a further £150bn of support. Tighter lockdown
This year has been full of unprecedented challenges, with nationwide lockdown restrictions changing how we work, how we learn and how we interact with others. However, where there are challenges, there is also the possibility of solutions. One organisation that is aiming to solve the challenges associated
THE PESO strengthened versus the dollar on Thursday as inflation inched up in October and amid early results of the United States presidential election. The local unit closed at P48.31 versus the dollar on Thursday, rising by nine centavos from its P48.40 finish on Wednesday, data
By Denise A. Valdez, Senior Reporter THE MAIN INDEX logged its best finish since March on Thursday as it extended its rally for a fourth consecutive day. The benchmark Philippine Stock Exchange index (PSEi) surged 180.72 points or 2.79% to hit 6,644.77 at the close of trading.