PSE raises minimum public ownership

Companies debuting on the Philippine Stock Market are now required to bring to public hands at least 20 percent to 33 percent of their total Stock Market, depending on market capitalization. The new minimum public ownership requirement will apply both for companies applying for Stock Market IPO or backdoor-listing effective immediately, the PSE announced in a […] The post PSE raises minimum public ownership appeared first on Inquirer...

Remittances slump in May as pandemic hits OFW jobs

Dollars sent to the Philippines by the country’s large expatriate workforce declined by nearly a fifth in May as more Filipinos lost their jobs overseas due to the global economic slowdown caused by the coronavirus pandemic, according to the central bank. In a statement, the Bangko Sentral ng Pilipinas said that personal remittances from overseas […] The post Remittances slump in May as pandemic hits OFW jobs appeared...

Stocks dumped on economic pessimism from MECQ

Investors scrambled to sell out of the stock market on Monday as they braced for a bigger macroeconomic fallout from the reimposition of tighter lockdown protocols in Metro Manila and surrounding regions. The main-share Philippine Stock Market index (PSEi) fell by 212.53 points or 3.59 percent to close at 5,715.92, making it the worst performer […] The post Stocks dumped on economic pessimism from MECQ appeared first on...

BPO demand lifts Q2 office leasing activity

Despite the coronavirus pandemic-prompted lockdown measures in most parts of the country in the second quarter, Philippine office property leasing activities picked up pace as demand from the business process outsourcing (BPO) sector compensated for the slump in the Philippine online gaming operator (Pogo) space.With the Philippine office market continuing to grow, albeit on a […] The post BPO demand lifts Q2 office leasing activity appeared first on...

As US milk sales rise amid pandemic, ‘Got milk?’ ads return

The dairy industry has a familiar question for you: “Got milk?” Six years after the popular tagline was retired, “Got milk?” ads are back. A dairy industry-funded group is reviving the campaign, hoping to prolong the boost milk has gotten during the pandemic. US milk sales have been in freefall for decades as choices grew […] The post As US milk sales rise amid pandemic, ‘Got milk?’ ads...

Worse than expected: Pandemic pushed PH GDP into deeper 8 percent dive, says Moodys

The research arm of debt watcher Moody’s Investors Service is projecting an 8-percent dive in the Philippines’ gross domestic product (GDP) during the second quarter of 2020 largely as a result of one of the world’s most stringent COVID-19 lockdowns being enforced in the country. Steven G. Cochrane, Moody’s Analytics chief Asia-Pacific economist, said the […] The post Worse than expected: Pandemic pushed PH GDP into deeper 8...

P91.7B: Taxes from marked fuel since September 2019

The government generated P91.7 billion in import duties and excise from oil products since September 2019, thanks to the fuel marking program which ensured collection of correct levies. Finance Secretary Carlos G. Dominguez III on Monday (Aug. 3) said these taxes were collected from 10.7 billion liters of fuel products injected with chemical markers as […] The post P91.7B: Taxes from marked fuel since September 2019 appeared first...

T-bills demand strong despite MECQ risks to economy

MANILA, Philippines — Investors snapped up P20 billion in treasury bills at rates that fell across-the-board on Monday as oozing domestic liquidity outweighed any sentiment on the return of Metro Manila and neighboring provinces to more stringent COVID-19 lockdown. The Bureau of the Treasury sold P5 billion in the benchmark 91-day T-bills at 1.221 percent, […] The post T-bills demand strong despite MECQ risks to economy appeared first...

BSP: Remittance drop accelerates in May, down by almost a fifth

MANILA, Philippines — Dollars sent to the Philippines by the country’s large expatriate workforce declined by nearly a fifth in May as more Filipinos lost their jobs overseas due to the global economic slowdown caused by the coronavirus pandemic, according to the central bank. In a statement, the Bangko Sentral ng Pilipinas (BSP) said personal […] The post BSP: Remittance drop accelerates in May, down by almost a...
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