GDP likely shrank anew in Q1 — poll

Localized lockdowns have been implemented due to the rising number of coronavirus cases. — PHILIPPINE STAR/ MICHAEL VARCAS PHILIPPINE gross domestic product (GDP) likely declined at a slower pace in the first three months of 2021 compared with the previous quarters, a BusinessWorld poll showed, as a renewed surge in coronavirus infections and a stricter […]

Economists expect BSP to keep policy unchanged

PHILIPPINE STAR/ MICHAEL VARCAS By Luz Wendy T. Noble, Reporter THE CENTRAL BANK is widely expected to keep policy unchanged when it announces its decision this week, amid uncertainty over the pandemic and its impact on economic recovery, a BusinessWorld poll of analysts showed. A BusinessWorld poll held last week showed 15 out of 17 […]

PHL digital economy in focus at BusinessWorld forum

FERNANDO ZOBEL DE AYALA, president and chief executive officer of Ayala Corp., will be the keynote speaker at the BusinessWorld Virtual Economic Forum on May 26. — COMPANY HANDOUT TOP BUSINESS LEADERS, government officials and experts will come together at this month’s BusinessWorld Virtual Economic Forum to discuss how the pandemic has accelerated digital transformation […]

Banks supervision needs to keep up with new normal, says central bank

THE THE BANKING SYSTEM remains resilient amid the pandemic, but the Bangko Sentral ng Pilipinas (BSP) said there may be a need to reassess current banking regulations to adapt to the new normal. The BSP’s report on the Philippine financial system for the second semester of 2020 showed that banks were able to weather the […]

Two mothers on working at home, setting boundaries, and changing footwear

1 of 2 THE PAINDEMIC has forced many of us to stay at home. Women who once had to juggle duties at work and home now do so on an exponential scale, as the division between the spheres have been blurred in work-from-home setups. The same delineation has also affected how we dress — while […]

Live and let Leaf

The author poses after driving a Nissan Leaf in Japan in 2017. — PHOTO FROM ANGEL RIVERO THE LONG-AWAITED Nissan Leaf has finally arrived in the Philippines — and it’s high time that the world’s best-selling, mass-produced electric vehicle got here for the Filipino public to experience. Being a five-door compact hatchback, it’s small in […]

Rates of Treasury bills likely to decline ahead of Q1 GDP data

BW FILE PHOTO THE RATES of Treasury bills (T-bills) on offer on Monday could decline further as investors await the release of first-quarter gross domestic product (GDP) data. The Bureau of the Treasury (BTr) is looking to raise P25 billion via its offering of T-bills on Monday, broken down into P5 billion from 91-day debt, […]

Aussie makeup brand expands into skincare

AFTER makeup collaborations with actress Nadine Lustre in April 2018, singer Regine Velasquez in March 2020, and a merchandise kit with Korean actor Park Seo Joon in November 2020, Australian cosmetics brand BYS is venturing into a full skincare line. Established in 2004 in Melbourne, Australia, BYS Philippines was set up in 2012. The brand’s […]

Global race to tapering ignites hunt for next currency winners

GLOBAL CENTRAL BANKS are starting to wind down the trillion-dollar money printing machines set in motion to rescue their economies in 2020. Getting ahead of them is becoming this year’s biggest currency trade. Early changes to bond-buying programs from Canada and Britain have been rewarding for foreign-exchange players. Meanwhile, Norway, which hasn’t needed to deploy […]