Month: January 2022

Converge ICT shares decline as 2021 ended

Converge ICT has branches as far as Mindanao. Photo shows the company’s branch in Davao City. PHOTO FROM CONVERGE ICT FACEBOOK PAGE Listed Converge ICT...

Oceana calls for sustainable fisheries devt

Environmental group Oceana is calling for the full implementation of the laws in sustainably managing the country’s fisheries and marine resources, with high hopes small-scale...

Money supply steady as banks lend more

The Bangko Sentral ng Pilipinas (BSP) said the country’s money supply grew steadily in November last year, despite a quicker increase in bank loans. Domestic...

‘Palay’ harvests seen hitting fresh high

Palay (unmilled rice) harvests could have hit a record 20 million metric tons (MT) last year, an Agriculture department official claimed. Initial estimates have pegged...

Investors to track pandemic developments

The Philippine bourse is expected to take cues from the developments in the local Covid-19 pandemic situation in the first trading week of 2022, as...

Peso depreciation to continue – analysts

Analysts anticipate the Philippine peso to drop even further against the United States dollar this year as economic activities recover. Analysts forecast the peso to...

‘Odette’ likely kept inflation rate at 4%

Supply-side pressures from Typhoon “Odette” likely kept the Philippine headline inflation rate at 4 percent in December 2021, according to analysts polled by The Manila...

Unstable weather kills 3 in Egypt

CAIRO: Three people were killed, and 13 others were injured in Egypt since Thursday due to windy and rainy weather, the Egyptian Health Ministry announced...