IMF turns bullish on PH

While most other multilateral institutions had slashed their respective 2021 gross domestic product (GDP) growth forecasts for the Philippines, the Washington-based International Monetary Fund (IMF) even raised its projection to 6.9 percent from 6.6 percent previously.The IMF’s April 2021 World Economic Outlook (WEO) report also projected a 6.5-percent GDP growth next year which , however,…

San Miguel Corp. continues to invest heavily in the Philippines’ future

The work of nation-building never stops. And for San Miguel Corp. (SMC), one of the country’s largest and most diversified and profitable conglomerates, not even the unprecedented COVID-19 pandemic should get in the way. Its history is so intertwined with that of the Philippines that it believes that it has the moral commitment to push…

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…