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Moody’s: Philippines to grow by 7%

The Philippines is likely to recover from the pandemic-induced recession with a seven percent gross domestic product growth this year, according to MoRead More



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Asian stocks at record highs as Biden inauguration New! 2021-01-20 22:58:54SHANGHAI/NEW YORK – Asian stocks rose to new record highs on Thursday, tracking U.S. markets as investors hoped for more economic stimulus from

Wall Street closes at record highs as Netflix New! 2021-01-20 18:12:17U.S. stocks closed at record highs on Wednesday as Joe Biden was sworn in as the 46th U.S. president, while solid results from Netflix sparked a rally

Pandemic gives rise to new entrepreneurs New! 2021-01-20 16:28:36More than 916,000 enterprises registered and renewed their business names under the Department of Trade and Industry (DTI) last year, driven mostly by

Key PH sectors ready for automation New! 2021-01-20 16:26:13The Philippines’ two biggest dollar-earning export sectors have made inroads in trying to minimize the potential impact on jobs of the automatio

BIR gets P39-M grant from US trade agency New! 2021-01-20 16:24:23The United States will extend a grant worth $809,450 (about P38.85 million) to the Philippines to finance the Bureau of Internal Revenue’s (BIR)

Lopez Holdings’ delisting plan shelved New! 2021-01-20 16:22:17The delisting of Lopez Holdings Corp. (LPZ) from the Philippine Stock Exchange (PSE) has been shelved but operating arm First Philippine Holdings Corp

HSBC: PSEi to recover to 7,650 by the New! 2021-01-20 16:20:25Coming from a volatile year that was 2020, investors can ride on a global-scale comeback by investing in stocks and other risk assets, according to ex

Market slips by 0.77% New! 2021-01-20 16:18:58The local stock barometer slipped for the fourth session in a row on Wednesday as the market, dominated by local retail investors, ditched blue chips

Chaos at the ‘House of Gucci’ New! 2021-01-20 16:16:49(Second of a series) Gucci remains iconic today, but because of fatal mistakes by the family and the business, the third generation lost control of th

Palay prices hit 13-week high New! 2021-01-20 16:14:56The average farmgate price of palay in the country has risen to a 13-week high in the last week of December while rice prices remained stable as both

Megawide says Naia should remain main PH gateway New! 2021-01-20 16:12:00Megawide Construction Corp. chair and CEO Edgar Saavedra urged other proponents to pursue the rehabilitation of Manila’s Ninoy Aquino Internatio

Mindanao blackouts blamed on ‘maliciously planted vegetation’ New! 2021-01-20 16:10:16An “uncooperative landowner” had caused a blackout in several provinces in northwestern Mindanao earlier this week by letting plants grow

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Lopez Holdings may not delist 2021-01-20 11:00:00Lopez Holdings Corp., the listed holding company of the Lopez Group, may no longer delist from the Philippine Stock Exchange as it will maintain the r

TESDA’s tarnished stewardship 2021-01-20 11:00:00The Don Bosco technical and vocational education and training academic track is regarded as one of the better models in the country that afford Filipi

NGCP seeks enforcement of anti-obstruction law 2021-01-20 11:00:00he National Grid Corp. of the Philippines is appealing for community and government support to enforce the Anti-Obstruction of Power Lines or Republi

Ayala Group to consolidate banking units 2021-01-20 11:00:00The Ayala Group is merging the 169-year old Bank of the Philippine Islands (BPI) and its thrift bank subsidiary BPI Family Savings Banks, resulting in

PSALM cuts financial obligations by over P40 billion 2021-01-20 11:00:00State-run Power Sector Assets and Liabilities Management Corp. has trimmed its 2020 financial obligations by P40.1 billion—which is more than i

Maynilad opens new P70 million water lab 2021-01-20 11:00:00Pangilinan-led Maynilad Water Services Inc. has opened its P70-million water laboratory in a bid to ensure quality supply in its west zone concession

ERC audits ECs on use of funds collected 2021-01-20 11:00:00The Energy Regulatory Commission is auditing electric cooperatives on their usage of funds collected from consumers.

Raise high the barricades* 2021-01-20 11:00:00Dementors are dark, soulless creatures, said to be the foulest beings on earth.

2020: To a year that was 2021-01-20 11:00:00Facing 2020, I remember how huge our plan was for MSMEs since this would be Go Negosyo’s 15th anniversary.

Selling pressure sends index down for 4th straight 2021-01-20 11:00:00Local share prices fell for the fourth straight day yesterday as investors remained cautious and jittery over the COVID-19 situation especially with t

Shell to increase Philippines investments 2021-01-19 11:00:00The local unit of Royal Dutch Shell is committing more investments in Philippines despite its refinery closure as it reshapes it portfolio by venturin

The signaling effect of removing the restrictive provisions 2021-01-19 11:00:00In my appearance before the Committee on Constitutional Amendments concerning my position on the desirability of amending the restrictive provisions t

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Makati Shangri-La to close operations beginning Feb. 1 2021-01-20 07:25:13Makati Shangri-La, Manila, the largest accommodation facility in the Makati commercial business district with close to 700 rooms, said Wednesday it wi

Lopez holding firm withdraws move to delist from 2021-01-20 07:20:12The Lopez family dropped plans to delist the shares of its listed holding company from the Philippine Stock Exchange.

Megawide warns vs. ‘monopoly’ of two large airports 2021-01-20 07:15:11Megawide Construction Corp. on Wednesday warned of “monopoly” if the government allows the proponent of the Bulacan airport to operate the

Bloomberg donation to Philippines FDA may have violated 2021-01-20 07:10:10International public health policy experts called for a deeper investigation on the receipt of funds by the Philippines Food and Drug Administration f

DTI reduces ‘22 export target by 19.2% to 2021-01-20 07:05:09The Department of Trade and Industry said Wednesday it reduced the 2022 export target by 19.23 percent to $105 billion from a previous estimate of $13

Fitch unit sees 13% construction growth 2021-01-20 07:00:08Fitch Solutions Country Risk and Industry Research, a unit of Fitch Group, on Wednesday raised its growth forecast for the Philippine construction ind

PSALM trims debt by 9.5% to P382b 2021-01-20 06:55:07State-run Power Sector Assets and Liabilities Management Corp. said Wednesday it trimmed its financial obligations by 9.5 percent to P381.908 billion

NLEX Connector seen finished before yearend 2021-01-20 06:50:06The Department of Public Works and Highways and NLEX Corp. expect to complete the first section of an elevated expressway from Caloocan City to Espa&n

Market falls ahead of Biden’s inauguration 2021-01-20 06:45:05The stock market fell Wednesday on further consolidation ahead of the swearing-in of Joe Biden as the 46th president of the US.

Netflix keeps expanding, exceeds 200m subscribers 2021-01-20 06:40:04SAN FRANCISCO—Netflix on Tuesday topped subscriber growth expectations in the past quarter, keeping ahead of new streaming rivals competing for

Shell PH bullish, eyes 70 new outlets 2021-01-19 07:50:12The Shell Companies in the Philippines unveiled a plan to expand the retail network with additional 50 to 70 outlets and extend its newly-launched pow

Global animal health body declares Philippines free of 2021-01-19 07:45:11The Office International des Epizooties, or the World Organization for Animal Health, declared the Philippines bird-flu free, the Department of Agricu

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Donald Trump exits White House for last time, 2021-01-20 10:38:04Trump will be the first president in modern history to boycott his successor's inauguration

Latest News LIVE updates: TMC MLA Arindam Bhattacharya 2021-01-20 10:36:55'I was elected on Congress symbol but extended support to TMC so that development happens but it didn't', said the MLA. Stay tuned for Latest LIVE

Inauguration Day LIVE: Biden, Harris arrive at US 2021-01-20 10:33:04US President Joe Biden inauguration: Donald Trump departs White House for one last time, leaves a letter for Joe Biden. Stay tuned for US President Jo

Centre offers to hold back farm laws for 2021-01-20 10:15:48Protesting farmers refuse to relent, will discuss the proposal among themselves; next round of talks on January 22

Coronavirus LIVE: 786,842 beneficiaries vaccinated in India since 2021-01-20 10:02:36Coronavirus live updates: Till now 786,842 beneficiaries have been vaccinated in India. Globally, 96.6 million people have been infected, of which, 10

Nasdaq hits record high at open as Netflix 2021-01-20 09:53:12The Nasdaq Composite rose 145.4 points, or 1.10%, to an all-time high of 13342.548 at the opening bell

Tata Motors jumps 51% in Jan on Tesla 2021-01-20 09:40:02In the past seven trading days, the stock has rallied 26 per cent on report that Tesla may choose Tata Motors for its much-awaited India foray

LIVE: Farmers, ministers to meet again on Jan 2021-01-20 09:34:49Farmers' protest LIVE updates: government proposed to keep the three farm laws suspended for a fixed time period of one year or so.

UK, Belgium among nations seeking cheaper India-made coronavirus 2021-01-20 09:30:16Serum, the world's largest producer of vaccines by volume, can ship out the Astra vaccine priced between $5-10 per dose

Budget Byte: Bad year for PSUs may impact 2021-01-20 08:09:58Though the stock market touched new highs in 2020, the PSU index was late to the party, and has barely recovered to January 2020 levels

TRP scam: Court rejects bail plea of BARC's 2021-01-20 07:25:24Dasgupta is an accused in the alleged fake Television Ratings Point (TRP) case

Inheriting a confluence of crises, Biden will take 2021-01-20 06:53:07US has seen a near-death experience as a democracy. Americans who will watch the new president be sworn in are now acutely aware of how much it needs


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