Day: March 12, 2021

Trade shortfall widens to $2.4B in January

The country’s trade deficit expanded to its largest level in a year in January as imports outpaced exports, the Philippine Statistics Authority (PSA) reported on Friday. Data from the statistics agency showed that the value of inbound shipments fell by 14.9 percent year-on-year to $7.91 billion and outbound ones declined by 5.2 percent to $5.48 […]

Infra, capital spending hits P681B in 2020

The government surpassed its infrastructure and capital spending program for last year despite lower disbursements in December, the Department of Budget and Management (DBM) said on Friday. The department’s latest disbursement data showed that spending declined to P132.3 billion in the last month of 2020, down 25.6 percent from P177.9 billion a year earlier. It […]

SSS contributions fall, miss 2020 goal

The coronavirus pandemic has pulled down contributions to state-run Social Security System (SSS) last year, according to the Department of Finance (DoF). In a statement on Friday, the DoF cited the state-run pension fund’s report to Finance Secretary Carlos Dominguez 3rd in saying that these contributions hit P204.75 billion in 2020, a 7.1-percent reduction from […]

PSEi at 6,700 ahead of Covid curfew

Wall Street’s latest rally helped keep the stock market steady on Friday after news of a National Capital Region-wide curfew this month deepened investors’ worries. The bellwether Philippine Stock Exchange index (PSEi) inched up by 0.14 percent or 9.37 points to close at 6,728.55, while the broader All Shares gained 0.23 percent or 9.15 points […]

Homegrown variant detected in CVisayas

The variant that carries the two mutations of the Covid-19 virus protein in Central Visayas was found to be indigenous to the country. The so-called Philippine variant, or P.3, was detected in the more than 70 Covid-19 cases with “mutations of clinical concern” that were detected in the region in the past weeks. STRONGER THAN […]

‘More monitoring vessels to stop illegal fishing’

The Bureau of Fisheries and Aquatic Resources (BFAR) said it had put more monitoring vessels and forecasting technologies that local fishermen could use to keep track of aquatic resources and identify which areas need less fishing to prevent depletion. In a virtual Oceana Philippines briefing earlier this week, BFAR Assistant Director John Albaladejo highlighted his […]

San Miguel profit slides in 2020 despite H2 gains

The coronavirus pandemic slashed San Miguel Corp.’s net income by more than half to P21.9 billion last year, even if it rebounded in the second half. This March 12, 2021 photo shows part of San Miguel Corp.’s headquarters in Mandaluyong City. PHOTO BY RUY MARTINEZ In a disclosure, the Ang-led conglomerate said the amount was […]

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