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Top Business News

The balance of trade swung to a higher 28 percent deficit in October as imports continued to outpace exports, the Philippine Statistics Authority reported.

The Philippines inched closer to its plan to bring in cattle from Latin American nations after the World Organization for Animal Health laid down guidelines that will allow the country to import the breeding materials.

The stock market went back to negative territory yesterday, a day after the Philippines received a credit rating upgrade.

Columns

In recent years, we have seen a resurgence (read: deluge) of foreign acts visiting the Philippines as part of their tour. Chances are, a lot of us have been to at least one of the concerts from foreign acts.

If we really want inclusive growth, which means bringing more opportunities to the countryside for economic expansion, the government must put attention to making rural banks more relevant.

Not every story has a good ending. The ones about love and money almost always leave somebody’s heart torn into pieces.

Latest Business News

The unemployment rate in the country slightly increased in October 2017 compared to the same period last year, the Philippine Statistics Authority reported Tuesday.

The Philippines continued to book higher foreign direct investments for the fifth straight month, surging 61.8 percent in September on the back of the country’s strong macroeconomic fundamentals and high growth prospects.

Visitor receipts surged 36.28 percent in the first nine months, driven by the influx of higher-spending Chinese tourists into the country.

The stock market cheered the credit rating upgrade which the Philippines received yesterday, the first upgrade under the Duterte administration.

A $380-million project aiming to improve the road network in Mindanao is expected to be approved by the Asian Development Bank for loan assistance this week, the Department of Finance said.

State-run Philippine National Oil Co. may opt to bid out the development of a $2-billion liquefied natural gas terminal if no qualified proposals make it by the Dec. 31 deadline, its top official said yesterday.

Philab Holdings Corp., a listed healthcare company, is acquiring 67 percent of local pharmaceutical firm Sydenham Laboratories Inc.

International Container Terminal Services Inc. has signed an agreement with landowner community groups in Papua New Guinea which will be affected by a new port project.

Galaxy Entertainment Group Ltd. is betting big on the Philippines through a partnership with Leisure and Resorts World Corp., the listed gaming company founded by Negros Occidental Rep. Alfredo “Albee” Benitez.

The Bureau of the Treasury rejected yesterday all bids for Treasury-bills as the market asked for higher rates amid expectations of a possible interest rate hike in the US next year.

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