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GCash raises over $175 million in new capital

MANILA — Philippine mobile wallet GCash has raised more than $175 million in capital from New York-based private equity fund Bow Wave Capital MaRead More

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Cavite gov’t weighs airport deal termination 2021-01-24 15:08:31The Cavite government is considering canceling the award granted last year to a Chinese-Filipino venture for the initial phase of the P500-billion San

Peso seen back to 50-to-$1 levels in 2022 2021-01-24 15:07:38The Philippine peso will likely slip back to the 50 levels against the US dollar by 2022, the year when the domestic economy could deliver the kind of

With hands tied for further rate hikes, BSP 2021-01-24 15:07:19The central bank may have to let the local currency appreciate further against the US dollar in a bid to mitigate a recent inflation uptick caused by

Expected economic reports to shape PSEi 2021-01-24 15:07:16As foreign funds continue to stay away from the stock market, investors await fresh macroeconomic reports that may influence the market this week, inc

Narrower GDP contraction seen in 4th quarter 2021-01-24 15:06:01The usual consumer spending boost during the Christmas holidays likely narrowed the economic contraction in the fourth quarter of 2020 even as bad wea

Should we be concerned with rising inflation? 2021-01-24 15:05:37One of the major risks highlighted by economists for 2021 is rising inflation. Domestically, inflation rate increased from below 3 percent during the

Goldman Sachs cuts 2021 growth forecast for PH 2021-01-24 15:04:46Global investment banking giant Goldman Sachs has slashed its 2021 growth forecast for the Philippines to 8.4 percent due to slow COVID-19 vaccination

Century Properties sets retail bond offering 2021-01-24 15:03:54The Securities and Exchange Commission (SEC) has approved a plan of Antonio family-led property developer Century Properties Group Inc. (CPG) to raise

What makes a good founder? 2021-01-24 15:02:16It was two in the morning in Manila. I was on a Zoom call with my fellow founder-CEOs during a Y Combinator workshop for companies that recently raise

Focused on shareholder wealth, committed to the economic 2021-01-24 15:01:21In a recent article that appeared in the MIT Sloan Management Review (issue of Dec. 17, 2020), authors Tom Hunsaker and Jonathan Knowles wrote: &ldquo

Private firms urged to help ensure inclusive recovery 2021-01-24 15:00:09Business tycoon Jaime Augusto Zobel de Ayala is “cautiously optimistic” for 2021, citing green shoots of recovery from the havoc caused by

South Korean beauty stores ‘battered’ by coronavirus pandemic 2021-01-24 00:52:48SEOUL — High street beauty stores were once the symbol of the country’s K-beauty boom. Lining the streets of Myeong-dong, South Korea&rsqu

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Car, motorcycle production down from January to November 2021-01-24 11:00:00Motor vehicle and motorcycle production, as well as sales in the Philippines, recorded a double-digit drop from January to November last year compar

AboitizPower starts rollout of smart grid devices 2021-01-24 11:00:00Aboitiz Power Corp. is slowly rolling out smart grid devices across its distribution systems as it aims to have self-healing networks in pursuit of au

Agri-agra loans remain below threshold 2021-01-24 11:00:00Loans extended by Philippine banks for agriculture and agrarian reform slipped by 2.6 percent to P696.35 billion in September 2020 from P714.27 billi

Multi-year highs for industrial metals 2021-01-24 11:00:00Last week, we talked about crude oil as one of the primary beneficiaries of the unprecedented monetary and fiscal stimulus, the Biden electoral victor

JAZA sees economy returning to pre-pandemic level in 2021-01-24 11:00:00The Philippine economy’s recovery will take time and may return to pre-pandemic levels only in the fourth quarter of 2022, according to Ayala C

Troubled times 2021-01-24 11:00:00It’s unsettling to see the telltale signs of an economy struggling in these deeply troubled times – the closure of Makati Shangri-La hotel

Economy likely contracted 8.5% in Q4 2021-01-24 11:00:00Economic decline in the fourth quarter of 2020 likely continued to slow down, but nonetheless remained steep because of remaining restrictions, accord

Insurers urge IC to reconsider capitalization rules 2021-01-24 11:00:00Life and non-life insurers are urging the government to once again consider foregoing the next and final tranche of increase in the industry’s c

Academic freedom 2021-01-24 11:00:00Even for this administration, the recent attack on academic freedom is a low point. It is a good illustration of “isip pulis patola” that

Major rail projects to be undertaken this year 2021-01-24 11:00:00Major developments in the railway sector are set to take place this year as the government wants to forge ahead even with just more than a year left i

2GO Connect offers fast, reliable delivery service 2021-01-23 11:00:00Integrated logistics and transportation provider 2GO Group Inc. has come up with a new service innovation that seeks to eliminate inefficiencies in su

Free Autosweep RFID sticker installation at Robinsons Malls 2021-01-23 11:00:00Robinsons Malls are offering again free Autosweep RFID installation for vehicles in a safe and convenient location.

The Standard

Tugade considers partial operation of Cebu Bus New! 2021-01-25 07:25:08The Department of Transportation is eyeing the partial operation of one of the crucial segments of the Cebu Bus Rapid Transit this year, Transportatio

AC Energy acquires 96.7% of Leviste solar power New! 2021-01-25 06:40:11AC Energy Corp. said Monday it acquired a majority stake in Solar Philippines Central Luzon Corp. from Solar Philippines Power Project Holdings Inc. t

Dominguez expects gov’t revenues to pick up by New! 2021-01-25 06:35:10Finance Secretary Carlos Dominguez III said Monday he is optimistic that government revenue collections will improve by the fourth quarter of 2021, af

ASEAN auto sales fell 32% to 2.14m units New! 2021-01-25 06:30:09Automotive sales in the Association of Southeast Asian Nations dropped 32 percent in the first 11 months of 2020 to 2.14 million units from 3.14 milli

Jollibee bares plan to open 100 pho chain New! 2021-01-25 06:20:07Restaurant operator Jollibee Foods Corp. said Monday it will expand its Vietnamese pho chain brand PHO24 in the Philippines with a target to open 100

Cebu Pacific offers COVID-19 insurance New! 2021-01-25 06:15:06Cebu Pacific is offering COVID-19 insurance add-on to give travelers peace of mind when flying during pandemic. 

Metro Retail plans new distribution hub New! 2021-01-25 06:10:05Cebu-based retailer Metro Retail Stores Group Inc. said Monday it is reallocating P715 million raised from its initial public offering to build a dist

LandBank facilitates P3.42-b Premyo bonds New! 2021-01-25 06:05:04Land Bank of the Philippines said Monday it facilitated more than 6,700 orders worth P3.42 billion of one-year peso-denominated Premyo Bonds 2, or &ld

Stocks snap 6-day losing streak; Metrobank climbs New! 2021-01-25 06:00:03The stock market rose Monday on bargain hunting to snap a six-day losing streak as investors keep tabs on the progress of Joe Biden’s new US eco

Oman bars expats from certain jobs New! 2021-01-25 05:55:02MUSCAT, Oman―Oman announced Sunday it will bar expatriates from certain jobs in an effort to create more employment opportunities for its citize

Car parts manufacturers concerned over job losses 2021-01-24 06:15:13Automotive parts manufacturers expressed alarm over the state of local car manufacturing and assembly industry and warned of more job losses following

ING economist expects peso to sustain rise vs. 2021-01-24 06:10:12A bank economist said over the weekend the Bangko Sentral ng Pilipinas will likely allow the peso to sustain its appreciation against the US dollar to

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NCP's Prachanda-led faction expels PM Oli from party's 2021-01-24 15:08:02The decision was taken after Oli failed to produce explanation to his recent moves as sought by party leadership, sources said

Reliance Industries spins off oil-to-chemical business into new 2021-01-24 14:34:34O2C unit holds the firm's oil refinery and petrochem assets and retail fuel business but not upstream oil & gas producing fields such as KG-D6 an

'We can't wait:' Biden to push US Congress 2021-01-24 13:37:54Brian Deese, director of the National Economic Council, said he would speak to the senators as part of a push by the Biden administration to make the

Delhi Police flags threat to farmers' tractor rally 2021-01-24 13:37:41Says more than 300 Twitter handles created in Pakistan to disrupt farmer rally

Govt may announce formulation of policy for toys 2021-01-24 13:02:59Quality control order is one of the ways to stop flow of cheap sub-standard toys into the domestic market.

Budget Byte: Education scheme 'Samagra Shiksha' expenditure fell 2021-01-24 12:49:54This daily series of graphs provides context to some of the critical issues relating to the Union Budget on February 1

World Coronavirus Dispatch: New Zealand sees first community 2021-01-24 07:40:22Hong Kong and Madrid tighten lockdowns, lonely struggle for Paris street artists, Dubai to clamp down on live shows and other pandemic-news across the

India sees 19 IPOs worth $1.84 billion in 2021-01-24 06:28:48Reflecting strong momentum, India witnessed 19 initial public offers worth $1.84 billion in the fourth quarter of 2020 and market sentiment remains po

India, China hold ninth round of senior military-level 2021-01-24 06:03:43The ninth round of high-level military talks began at around 10 am at Moldo border point on the Chinese side of the Line of Actual Control (LAC) in ea

LIVE: Give us 5 more years, will make 2021-01-24 05:39:14Tensions rose in May when New Delhi detected incursions by Chinese troops in Ladakh.

FPIs remain net buyers with 18,456 crore investment 2021-01-24 02:23:08Overseas investors pumped in Rs 24,469 crore into equities but pulled out Rs 6,013 crore from the bonds market between January 1-22

M-cap of 4 of 10 most valued firms 2021-01-24 01:14:56The valuation of Reliance Industries Limited jumped Rs 71,033.44 crore to reach Rs 12,99,363.47 crore, becoming the biggest gainer

Trading Economics

Philippines Overnight Deposit Facility Rate 2021-01-21 18:00:00Deposit Interest Rate in Philippines remained unchanged at 1.50 percent in December from 1.50 percent in November of 2020. Deposit Interest Rate in Ph

Philippines Producer Prices 2021-01-21 18:00:00Producer Prices in Philippines decreased to 128.20 points in November from 129.20 points in October of 2020. Producer Prices in Philippines averaged 1

Philippines Bank Lending Rate 2021-01-21 18:00:00Bank Lending Rate in Philippines decreased to 6.54 percent in December from 6.77 percent in November of 2019. Bank Lending Rate in Philippines average

Philippines Average Precipitation 2021-01-21 18:00:00Precipitation in Philippines increased to 244.42 mm in December from 162.83 mm in November of 2015. Precipitation in Philippines averaged 204.70 mm fr

Philippines Consumer Credit 2021-01-21 18:00:00Consumer Credit in Philippines decreased to 412.52 PHP Billion in the second quarter of 2020 from 446.38 PHP Billion in the first quarter of 2020. Con

Philippines Population 2021-01-21 18:00:00The total population in Philippines was estimated at 108.8 million people in 2019, according to the latest census figures and projections from Trading

Philippines Food Inflation 2021-01-21 18:00:00Cost of food in Philippines decreased 0.90 percent in September of 2019 over the same month in the previous year. Food Inflation in Philippines averag

Philippines Personal Savings 2021-01-21 18:00:00Personal Savings in Philippines increased to 5321454.20 Million PHP in August from 5274123.59 Million PHP in July of 2020. Personal Savings in Philipp

Philippines Corporate Tax Rate 2021-01-21 18:00:00The Corporate Tax Rate in Philippines stands at 30 percent. Corporate Tax Rate in Philippines averaged 31.63 percent from 1997 until 2020, reaching an

Philippines Personal Income Tax Rate 2021-01-21 18:00:00The Personal Income Tax Rate in Philippines stands at 35 percent. Personal Income Tax Rate in Philippines averaged 32.38 percent from 2004 until 2019,

Philippines Central Bank Total Assets 2021-01-21 18:00:00Central Bank Balance Sheet in Philippines increased to 5951.07 PHP Billion in May from 5666.06 PHP Billion in April of 2020. Central Bank Balance Shee

Philippines Money Supply M3 2021-01-21 18:00:00Money Supply M3 in Philippines increased to 13678414.08 PHP Million in November from 13540485.78 PHP Million in October of 2020. Money Supply M3 in Ph

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