BSP rates to climb further-- ANZ

November 08, 2018
Economic think tank ANZ Research still forecasts another increase in the Bangko Sentral ng Pilipinas’ (BSP) key policy rates, by 25 basis points, in December 2018 even if it turns out that domestic inflation has hit its peak in October.

Prioritize infra--economist

November 07, 2018
During the 2019 economic outlook jointly hosted by Maybank Philippines Inc. and Maybank ATR Kim Eng in Makati City Tuesday, Dr. Chua Hak Bin, Maybank Global Thematic, Macro Economist, said the country’s rising deficit on trade and current account are risks for the economy.

October inflation flat at 6.7%

November 07, 2018
Inflation in October held steady at 6.7 percent, unchanged from the previous month’s level, leading the Bangko Sentral ng Pilipinas (BSP) to state that it may have finally peaked, as the reading is further reinforced by a deceleration in heavily-weighted food items.

Sept. production output, value up

November 07, 2018
VoPi in September was boosted by growth in output in 11 major industries, with six industries recording double-digit growths, including textiles at 44.7 percent, petroleum products at 26.7 percent, machinery except electrical at 20.1 percent, miscellaneous manufactures at 16.5 percent, transport equipment at 16.2 percent, and non-metallic mineral products at 13.3 percent.

NEDA sees FDI rise on eased rules

November 06, 2018
The National Economic and Development Authority (NEDA) expects a further increase in foreign direct investments (FDI) next year due to the newly-signed 11th regular Foreign Investment Negative List (FINL).

AI bigger threat to BPO than TRAIN

November 04, 2018
The increasing use of artificial intelligence (AI) -- not new tax measures -- are the real threat to the country’s business process outsourcing (BPO) sector, Finance Secretary Carlos Dominguez III said.

Smart tops ph mobile video speeds on par with US

November 02, 2018
Independent mobile analytics company OpenSignal recently released its first per-operator study for Asian telecom carriers, breaking down and detailing mobile video performance per carrier in Singapore, Australia, Taiwan, Myanmar, Thailand, Malaysia, Indonesia, Cambodia and the Philippines.

Michelin-backed joint venture selects DHL’s end-to-end solution for shipment of synthetic rubber for tire production

November 01, 2018
JAKARTA, INDONESIA - PT Synthetic Rubber Indonesia (PT SRI), a joint venture between the Michelin Group and local partner Chandra Asri Petrochemical, has consolidated its plant-to-port supply chain under a single DHL solution for faster, more scalable shipment of increasing volumes of synthetic rubber -- a critical ingredient in modern tire production.

Auto industry sees 10% growth in 2019

November 01, 2018
The Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) expects the local motor vehicle industry to recover in 2019 after the implementation of tax reforms at the start of this year, which reportedly caused a slump in vehicle sales.

‘Sin tax’ take up

October 31, 2018
Government's enhanced collection measures allowed for an increase in sin tax revenues within the first nine months of 2018, the Department of Finance (DOF) reported.

AnyMind Group raises Series B funding from LINE Corporation and Mirai Creation Fund

October 30, 2018
SINGAPORE – AnyMind Group, a technology solutions provider, has today announced an additional round of funding of US$13.4 million from LINE Corporation, a communication platform provider and developer of the LINE messenger app and Mirai Creation Fund, a limited partnership mainly backed by Toyota Motor Corporation and Sumitomo Mitsui Banking Corporation (SMBC), and operated by SPARX Group. Existing shareholders, including JAFCO Asia and Dream Incubator, also returned to co-invest in this round.