By Mariedel Irish U. Catilogo, Researcher THE PHILIPPINES’ trade-in-goods deficit in March widened to its highest in two months as exports and imports continued to fall.    Preliminary data from the Philippine Statistics Authority (PSA) showed the trade-in-goods balance — the difference between exports and imports —

An aerial view of Metro Manila. — PHILIPPINE STAR/WALTER BOLLOZOSBy Luisa Maria Jacinta C. Jocson, ReporterTHE PHILIPPINES is on track to becoming an upper middle-income country in the next few years, the World Bank (WB) said.“With continued recovery and reform efforts, the country is getting

The Bangko Sentral ng Pilipinas main office in Manila.By Keisha B. Ta-asan, ReporterTHE BANGKO SENTRAL ng Pilipinas (BSP) still has room for one more rate hike at its meeting later this month to quell persistently elevated core inflation, before keeping rates on hold for the

A worker is seen inside a manufacturing plant in Sto. Tomas, Batangas, March 1, 2023. — PHILIPPINE STAR/KRIZ JOHN ROSALESFACTORY OUTPUT grew at its slowest pace in nine months in March, as elevated inflation and high interest rates dampened demand for manufactured goods, analysts said.Preliminary

ALLIANCE Global Group, Inc. has allotted a P70-billion capital expenditure (capex) budget this year, up from P60 billion the prior year, to further expand its main business units, an official of the Andrew L. Tan-led firm said on Tuesday.The bulk of the capex has been

SAN MIGUEL Food and Beverage, Inc. (SMFB) posted a consolidated net income of P9.9 billion in the first quarter, up 8% from the same period the previous year.“Despite the challenging environment, our brands remain top-of-mind of consumers and we intend to sustain this momentum by

ELECTRONIC payment firm GCash said that it had found no evidence of hacking in relation to the wallet deductions customers experienced on Monday.“As [said] in our official statement. No hacking occurred and our customers’ funds are intact,” GCash responded in a follow-up inquiry.In an interview

LOPEZ-LED First Gen Corp. posted a first-quarter net income of $89 million, 50.8% higher than $59 million a year ago, as its natural gas and renewable energy subsidiaries delivered higher earnings.“2023 is off to a promising start for First Gen as the portfolio benefits from

IT BEGAN as a pandemic project meant to keep themselves entertained during the darkest moments of the lockdowns. But as performing artists with a deep desire to share their gifts, a request for a new arrangement of kundiman songs led to two albums and has

GLOBE Telecom, Inc. has closed a deal for an additional 160 towers to be acquired by MIESCOR Infrastructure Development Corp. (MIDC) for approximately P1.9 billion, the company announced on Tuesday.“Globe and MIDC are one in getting this partnership up to speed with the latest batch’s