Businesses in the Philippines turned less optimistic in the second quarter of 2024, citing weaker demand, high oil prices, extreme weather and elevated inflation, a Bangko Sentral ng Pilipinas (BSP) survey showed.
The central bank’s overall confidence index (CI) dipped to 32.1 percent from 33.1 percent in the first quarter.
The BSP said the decline reflects a decrease in optimism and an increase in pessimism among respondents.
Rendento Paolo Alegre Jr. of...
The Philippine Stock Exchange said Wednesday it approved the P3.5-billion initial public offering of Bank of Commerce, an affiliate of conglomerate San Miguel Corp.
BoC...
The Department of Agriculture is expected to approve the importation of 140,000 metric tons of small pelagic fish, such as galunggong or roundscad, mackerel...
