Malaya Business Insight

16/12/2024

NEW DELHI/MUMBAI- Rice inventories in India surged to a record high at the start of December, reaching more than five times the government’s target and potentially boosting overseas shipments from the world’s biggest exporter of the staple food.

FULL INSIGHT: https://malaya.com.ph/business/shipping-transportation/indias-rice-stocks-surge-to-record-high/

16/12/2024

WITH only 10 days before Christmas, the Philippine Ports Authority (PPA) said balikbayan boxes sent by overseas Filipinos starting today will probably reach their families by February of next year.

FULL INSIGHT: https://malaya.com.ph/business/shipping-transportation/ppa-warns-of-delays-in-arrival-of-balikbayan-boxes/"

16/12/2024

BEIJING- New bank lending in China rose by far less than expected in November, highlighting weak credit demand in the world’s second-largest economy as policymakers pledge to roll out more stimulus measures.

FULL INSIGHT: https://malaya.com.ph/business/market/china-bank-lending-rises-far-less-than-expected/

16/12/2024

BRITAIN'S economy shrank for a second month in a row in October in the run-up to the government’ first budget, the first back-to-back falls in output since the onset of the COVID-19 pandemic, and a setback for new finance minister Rachel Reeves.

FULL INSIGHT: https://malaya.com.ph/business/world-business/uk-economy-shrinks-trade-weakens/

16/12/2024

HONG KONG/SHANGHAI-Investors in Chinese bonds head for 2025 betting there will be no miraculous recovery in the economy, putting them at odds with an equities market that has wagered on a revival in consumption.

FULL INSIGHT: https://malaya.com.ph/business/world-business/investors-see-more-pain-ahead-for-chinas-bond-market/

15/12/2024

THE National Electrification Administration (NEA) said the Siargao Electric Cooperative Inc. (Siarelco) has restored electricity services to its entire franchise area last Saturday, after fixing a major line fault in one of its undersea cables.

THE National Electrification Administration (NEA) said the Siargao Electric Cooperative Inc. (Siarelco) has restored electricity services to its entire franchise area last Saturday, after fixing a major line fault in one of its undersea cables. Antonio Mariano Almeda, NEA administrator, in a stateme...

15/12/2024

THE Land Transportation Franchising and Regulatory Board (LTFRB) has issued a show cause order against motorcycle taxi operator Angkas for allegedly exceeding the 45,000 cap set for motorcycle taxis in the country.

THE Land Transportation Franchising and Regulatory Board (LTFRB) has issued a show cause order against motorcycle taxi operator Angkas for allegedly exceeding the 45,000 cap set for motorcycle taxis in the country. In a show cause order issued on Dec. 11, 2024 by Teofilo Guadiz III, LTFRB chief and....

15/12/2024

THE Manila Electric Co. (Meralco) is preparing at least P70 billion worth of capital expenditure for infrastructure hardening and for the rollout of smart meters over the next five years.
FULL INSIGHT: https://malaya.com.ph/business/corporate/power-distributor-invests-p70b-for-resilience-smart-metering/

15/12/2024

AHEAD of the target to wrap up negotiations for the Philippines-United Arab Emirates (UAE) Comprehensive Economic Partnership Agreement (CEPA) before the end of the year, the Department of Trade and Industry (DTI) is conducting parallel moves that will enhance the country’s trade and investment relations with the UAE.

Ahead of the target to wrap up negotiations for the Philippines-United Arab Emirates (UAE) Comprehensive Economic Partnership Agreement (CEPA) before the end of the year, the Department of Trade and Industry (DTI) is conducting parallel moves that will enhance the country’s trade and investment r...

15/12/2024

WITH all samples from Camarines Norte testing negative for Highly Pathogenic Avian Influenza (HPAI) subtype H5N2, both the Department of Agriculture (DA) and the local poultry industry can breathe a sigh of relief.

FULL INSIGHT: https://malaya.com.ph/business/enterprise/samples-yield-negative-results-da-to-continue-surveillance-of-avian-flu/

15/12/2024

THE proposal to allow certain foreign nationals to stay longer as tourists in the Philippines will benefit the entire value chain of the tourism industry, according to Samie Lim, chair of the tourism committee of the Philippine Chamber of Commerce and Industry.

FULL INSIGHT: https://malaya.com.ph/business/enterprise/longer-staying-tourists-will-get-to-love-ph-more/

15/12/2024

THE national government’s total debt payments soared by 25.88 percent in the first 10 months of 2024, driven by higher amortization and interest payments, according to data from the Bureau of the Treasury (BTr).

The national government’s total debt payments soared by 25.88 percent in the first 10 months of 2024, driven by higher amortization and interest payments, according to data from the Bureau of the Treasury (BTr). The latest cash operations report revealed that debt payments from January to October ...

15/12/2024

GOOD MORNING!
Our BUSINESS INSIGHT front page today
December 16, 2024, Monday
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13/12/2024

LONDON. - Director and dancer Carlos Acosta admits he once hated ballet as he launches the London run of his new Cuban inspired version of Tchaikovsky’s festive ballet “The Nutcracker”.

FULL INSIGHT: https://malaya.com.ph/lifestyle/living/nutcracker-in-havana-opens-in-london/

13/12/2024

EDITORIAL Cartoon | December 13, 2024

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13/12/2024

EDITORIAL | AS always, the Marcos administration has demonstrated its penchant for tweaking fiscal policies with the aim of boosting government revenues and attaining economic stability.

AS always, the Marcos administration has demonstrated its penchant for tweaking fiscal policies with the aim of boosting government revenues and attaining economic stability.  While the objective is valid — commendable even — sometimes the projections of President Bongbong’s economic managers...

13/12/2024

THE Department of Social Welfare and Development (DSWD) is improving and strengthening its digital literacy program for the Pantawid Pamilyang Pilipino Program (4Ps) beneficiaries to instill in them the values of responsible financing amid the fast-evolving digital landscape.

THE Department of Social Welfare and Development (DSWD) is improving and strengthening its digital literacy program for the Pantawid Pamilyang Pilipino Program (4Ps) beneficiaries to instill in them the values of responsible financing amid the fast-evolving digital landscape. 4Ps Social Marketing Di...

13/12/2024

PRESIDENT Marcos Jr. has ordered the PNP to observe “heightened vigilance” during the Christmas season and ensure the protection of next year’s national and local elections.

PRESIDENT Marcos Jr. has ordered the PNP to observe “heightened vigilance” during the Christmas season and ensure the protection of next year’s national and local elections. Marcos issued the directive during a command conference, attended by top PNP officials at the national headquarters at C...