Investment banking giant Goldman Sachs expects the Philippine economy to grow the fastest in Asean (Association of Southeast Asian Nations)-5 next year, despite some uncertainty to be wrought by the “wide open” 2022 presidential elections. In a Nov. 18 report, Goldman Sachs Economics Research projected the Philippines’ , within the government’s 7 to 9 percent…
Philippine exports are on track toward closing the year with better numbers and sustain the sector’s improved performance in the first half as the country and the rest of the world continue to recover from the coronavirus pandemic, according to the central bank. In an online briefing on Thursday, Bangko Sentral ng Pilipinas Governor Benjamin…
Factory output growth moderated to a still strong on the back of expansion posted in 13 industries, the Philippine Statistics Authority (PSA) reported Tuesday. The PSA’s monthly integrated survey of selected industries (Missi) report for September showed the increase in volume of production index (VoPI) — a proxy for factory output — slowed compared to…
At the recently concluded 12th Mansmith Market Masters Conference, we asked three seasoned marketers – Kakam Gabunada, Vice President of Nestle Philippines; John Rubio, Country Director of Facebook; and Steven Tan, President of SM Supermalls in the Philippines and China – about trends that will emerge in 2022 and beyond. Here is a summary of…
External trade jumped by a fourth to $16.5 billion in August not only due to base effects but also to recovering shipments as the domestic and global economies rebounded from their pandemic-induced slump. The Philippine Statistics Authority’s (PSA) latest preliminary data on Tuesday showed a in total trade last August from $13.2 billion a year…
(Second of two parts) Looking at the country’s top business groups, 11 out of 13 delivered better earnings in the first semester compared to last year, and majority of them attained more than half of market analysts’ consensus forecasts for the full year. Metro Pacific Investments Corp. and DMCI Holdings, for instance, delivered in the…
The finished goods churned out by the country’s factories soared 539.7 percent year-on-year in August due to the base effects from lower output amid last year’s stringent lockdowns. The Philippine Statistics Authority’s (PSA) monthly integrated survey of selected industries (Missi) report for August released Thursday showed a dramatic reversal of the 82.2-percent drop in the…
The manufacturing sector resumed expansion in September as quarantine curbs were gradually lifted, but global supply constraints and expensive inputs pose a threat to sustained recovery. The September purchasing managers’ index for the Philippines released by London-based global information provider IHS Markit Ltd. on Friday showed , reversing the contraction in August when Metro Manila…
More than a year into the pandemic that dragged the economy last year to its worst recession since World War II, corporate Philippines is finally regaining some growth momentum despite the reimposition of tough lockdown protocols and the resurgence of COVID-19 cases arising from the more contagious Delta variant. During the second quarter corporate earnings…
Filipino consumers are more optimistic about the coming final quarter of the year, but are less upbeat about their prospects for the next 12 months, according to the results of the central bank’s latest consumer confidence survey. At the same time, a parallel business confidence survey issued simultaneously by the Bangko Sentral ng Pilipinas (BSP)…