-
PhilHealth gets P45-B gov’t subsidy
State-owned Philippine Health Insurance Corp. (PhilHealth) has cornered a huge portion of the government subsidy in the first six-months of the year as the coronavirus pandemic continues to wreak havoc in the country.
-
Hot money reverses to net inflows in June
The central bank said it has registered $334.51 million of foreign portfolio net inflows in June, reversing the $235.14 million net outflows same time in 2020, as foreign investors continue to show confidence in the recovering economy although at slower pace than anticipated. The June net inflows, however, were lower than May’s $416.74 million.
-
No assurance from DOE of blackout-free elections
While power interruptions are often blamed for alleged cheating every elections, the Department of Energy (DOE) has not given any assurance that rotating blackouts will not happen in the May 2022 polls.
-
Rising office market vacancy, falling lease rates seen
With the prolonged pandemic, office space vacancy in Metro Manila is now projected to worsen to over 15 percent this year from original forecast of 12.5 percent, while rental rates are falling 20 percent off as land values remained flat.
-
BPI aims to lead digital banking market
Ayala-led Bank of the Philippine Islands (BPI) is competing in the digital space as is, not as a formal digital bank, via a suite of apps for each customer segments to get as much of the growing digital market in less time, according to its president and CEO, Jose Teodoro “TG” Limcaoco.
-
Stocks bounce back in late trades
The local stock market bounced back as investors turned into bargain hunters late in the session.
-
P/$ rate closes at P49.90/$1
The peso closed lower at P49.90 to the US dollar Monday (August 2) from P49.97 last Friday. The weighted average rate appreciated to P49.998 from P50.223. Total volume amounted to $776.52 million according to the Bankers Association of the Philippines.
-
SMC targets 35,000 workers for first vaccine jab
San Miguel Corporation is aiming to give over 35,000 employees and extended workforce their first dose of COVID-19 vaccines in the next five weeks following the delivery of the first tranche of Astra Zeneca vaccines it procured.
-
Exporters to operate 100% capacity during ECQ
Export-oriented businesses are allowed to continually operate 100 percent capacity and unhampered during the enhanced community quarantine (ECQ) period from August 6 to 20.
-
-
Jollibee opens 2 more branches in California
Jollibee Foods Corporation reported that it now has over 50 Jollibee restaurants in the United States with the recent opening of two branches in California.
-
COL reduces PSEi target but remains optimistic of recovery
Top local online brokerage firm COL Financial has reduced its year-end target for the Philippine Stock Exchange index but remains optimistic about the market’s recovery despite risks posed by the Delta variant.
-
BDO reports P21.4-B net income in first half
BDO Unibank, Inc. (BDO) delivered P21.4 billion in profits in the first six months of 2021 on the back of a strong sustainable earnings stream and normalized provisions.
-
SM Prime profit grew 12% to P11.6-B in H1
SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, reported a 12 percent growth in consolidated net income to P11.6 billion in the first half of 2021 from P10.4 billion in the same period last year.