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Philippines set for rebound, pandemic impact 'transitory' - economic managers

Reuters
Updated as of Jul 12 11:00 PM

The Philippines is set for an economic rebound, with medium-term growth prospects on solid footing, its economic managers said on Monday, after Fitch Ratings affirmed the country's investment-grade score but downgraded its outlook to negative. Read more »

Fitch affirms Philippines BBB rating but revises outlook to negative from stable

ABS-CBN News
Posted at Jul 12 10:51 PM

Fitch noted increasing risks to the Philippines' credit profile from the impact of the pandemic on the country's economy and finances. Read more »

PH shares join regional rally amid bargain hunting

ABS-CBN News
Posted at Jul 12 10:44 PM

The Philippine Stock Exchange Index tracked upbeat regional markets as it rallies for the first time in five sessions. Read more »

FDI net inflows more than double in April, hit $679 million

ABS-CBN News
Posted at Jul 12 05:43 PM

The Philippines booked $679 million in net inflows of foreign direct investments in April, up 114.4 percent compared to the same month a year ago, the Bangko Sentral ng Pilipinas said on Monday.  Read more »

Standard adobo, sinigang, sisig? DTI says aiming for international promotion

Jamaine Punzalan, ABS-CBN News
Posted at Jul 12 05:20 PM

The government seeks to standardize adobo, sinigang, sisig, and other traditional Filipino dishes so these could easily be promoted abroad, the Department of Trade and Industry said on Monday. Read more »

Earn More with These 4 Money-Making Skills

Moneymax.ph
Posted at Jul 12 07:53 AM

Learn a new skill and earn more during this pandemic. Alamin ang mga profitable at in-demand skills in this guide.    Read more »

Virus variants threaten global recovery, G20 warns

Gavin Jones and Leigh Thomas, Reuters
Posted at Jul 11 07:53 AM

An upsurge in new coronavirus variants and poor access to vaccines in developing countries threaten the global economic recovery, finance ministers of the world's 20 largest economies warned on Saturday. Read more »

THE DAY IN PHOTOS: July 9, 2021

ABS-CBN News
Posted at Jul 10 12:58 AM

Here are the day's top stories in photos. Read more »

Protest vs rising LPG prices

Narinder manu, AFP
Posted at Jul 09 02:10 PM

Indian activists hold LPG (liquified Petroleum Gas) cylinders and shout slogans as they take part in a protest against the hike in petrol, diesel and cooking gas prices in Amritsar. Read more »

PH shares join regional decline amid stimulus tampering debate, pandemic woes

ABS-CBN News
Posted at Jul 08 11:14 PM

PH shares join regional decline amid stimulus tampering debate, pandemic woes Read more »

PH shares down for 2nd straight day amid profit taking, foreign selling

ABS-CBN News
Posted at Jul 07 10:58 PM

Philippine shares joined most Asian markets lower due to profit taking and continued foreign selling. Read more »

PH shares snap 3-day winning streak despite easing inflation

ABS-CBN News
Posted at Jul 07 12:15 AM

Philippine shares failed to sustain their three-day rally even after inflation fell to its lowest level this year.  Read more »

Inflation eases to 6-month low at 4.1 percent in June

ABS-CBN News
Updated as of Jul 06 10:11 AM

Inflation slowed in June, its lowest since December 2020, after remaining steady for 3 straight months, the state statistics bureau said Tuesday. Read more »

PH shares up for 3rd straight session ahead of inflation data

ABS-CBN News
Posted at Jul 05 10:26 PM

Philippine shares continue their ascent for a third straight session ahead of key inflation and trade prints due out this week. Read more »

PH seen remaining a laggard in ASEAN as window for new fiscal stimulus closes

Warren de Guzman, ABS-CBN News
Updated as of Jul 05 06:16 PM

 Japanese investment bank Nomura said on Monday it expects the Philippines to continue to lag behind its neighbors in terms of economic recovery after missing its window for additional fiscal spending to offset the effects of the COVID-19 pandemic. Read more »

Philippine government's debt hits P11.071 trillion in May

ABS-CBN News
Posted at Jul 05 03:32 PM

The Philippine government's total outstanding debt stood at P11.071 trillion at the end of May, the Bureau of Treasury said on Monday.  Read more »

Progress on COVID-19 and economy under Biden, but disunion haunts US on 245th birthday

Jeff Mason, Reuters
Posted at Jul 04 10:21 AM

More than five months into Joe Biden's presidency, the United States has changed in multiple ways, with a healthier business outlook and a pandemic - at least in many parts of the country - increasingly under control.   Read more »

Businesses less optimistic in 2nd quarter, BSP survey shows

Warren De Guzman, ABS-CBN News
Updated as of Jul 02 09:52 PM

Businesses are a little bit more pessimistic in the second quarter, when a spike in COVID-19 cases forced a return to tighter quarantine conditions, the Business Expectations Survey released Friday showed. Read more »

Consumer confidence improves in Q2, Q3 this year, next 12 months, survey shows

ABS-CBN News
Posted at Jul 02 04:34 PM

The consumer confidence improved in the second quarter of the year as the overall confidence index (CI) rose to -30.9 percent from -34.7 percent in the previous quarter, according to the Consumer Expectation Survey by the Bangko Sentral ng Pilipinas released Friday.   Read more »

Dissecting Data: Underemployment falls to record low in May

Warren de Guzman and Edson Guido, ABS-CBN News
Posted at Jul 01 04:13 PM

Employment bounced back in May in step with the rollback of quarantine conditions, after the return to tighter lockdowns in April to address a spike in COVID-19, according to the Philippine Statistics Authority.  Read more »