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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.


As they say, the only thing certain in this world is death and taxes.

I have commented on the efforts of President Duterte to reach out to the NPA communist rebellion in this column.

President Duterte was being melodramatic as usual when he declared Metro Manila will be dead in 25 years.

Latest Business News

Filipinos are in for a treat with crisp peso bills in time for the Christmas holiday season when children usually get money as their ‘aguinaldo’ as the Bangko Sentral ng Pilipinas released the New Generation Currency banknotes Tuesday.

Earnings of UCPB rose 5.2 percent in the first nine months of the year amid the robust core business of the country’s 12 largest lender.

The Bureau of the Treasury rejected Tuesday all bids for seven-year Treasury bonds as the market asked for high rates amid developments in the global market.

The term deposit auction facility remained undersubscribed yesterday despite the decision of the Bangko Sentral ng Pilipinas to slash the volume amid the thinning excess liquidity in the financial system.

Aboitiz Power Corp. is looking to add 500 megawatts of capacity next year once it completes several hydropower and coal-fired power plants across the country.

The operator of Light Rail Transit Line 1 has named Juan Alfonso as its new president and chief executive officer.

Filipino customs officials are set to meet with their Chinese counterparts to review the declining but still significant gap between the two countries’ registered export-import data.

A 100-year-old, global insurance company believes that insurance must change with the modern times. Even it must go digital. 

The slower pace of price hikes in food brought down inflation to 3.3 percent in November, halting a four-month uptrend that led to a three-year-high 3.5 percent in October.

The local stock market managed to recover yesterday, returning to the 8,100 level after investors looked for bargains, taking advantage of low prices in the market.


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