container, van, export

PH business owners more upbeat for 2021, BSP survey shows

Filipino business owners are more upbeat about their prospects over the next 12 months as the economy began to adapt to the new economic landscape of the coronavirus pandemic, according to the central bank. In a press briefing on Thursday, officials of the Bangko Sentral ng Pilipinas (BSP) said the outlook on the country’s economy…

worker, grinder, factory

Manufacturing sustains growth in March

Manufacturing sustained year-on-year growth in March, before the most stringent lockdown measures were again imposed in Metro Manila and four neighboring provinces that host economic zones and factories to contain the surge in COVID-19 infections. London-based global information provider IHS Markit Ltd. on Monday said the Philippines’ purchasing managers’ index (PMI) slightly eased to 52.2…

smartphone, money, finance

RCBC digital banking unit rolls out loan marketplace

Yuchengco-led Rizal Commercial Banking Corp.’s (RCBC) digital banking platform DiskarTech is rolling out this April a loan marketplace targeting consumers and micro, small and medium enterprises (MSMEs)—in line with its proposition as a financial inclusion “super app.”DiskarTech—which has registered users, of which about a million had undergone validation as eligible depositors—has also introduced a Visayan…

Living with the virus

Chua: The economy needs the young up and about

It is often said—quoting national hero Jose Rizal—that the youth is the hope of the nation. In these difficult times, the country’s recovery from the pandemic-induced recession might as well depend on the young moving about, going shopping and dining out with their families. The country’s chief economist, Acting Socioeconomic Planning Secretary Karl Kendrick Chua,…