Personal Remittances climb to $25.7 Billion for 10 months of 2017

 

By Bianca Belacho

 

Personal remittances by overseas Filipinos (OFs) registered a 5.2 percent growth to reach $25.7 billion for the first ten months of 2017.

 

For October alone, personal remittances grew by 9.7 percent to $2.6 billion compared to $2.3 billion a year ago, BSP Governor Nestor A. ESPenilla, Ir. said.

 

Remittances from land-based OFs with work contracts of one year or more including other house-to-house transfers increased by 4.2 percent (at $19.8 billion) and those from sea-based and land- based OFs with work contracts less than a year increased by…

Read more: Personal Remittances climb to $25.7 Billion for 10 months of 2017

Total trade post double-digit growth in October 2017

 

By Rose de la Cruz

 

The National Economic and Development Authority (NEDA) said the double- digit growth experienced in total trade in October 2017 would be sustained through continued exports growth, economic cooperation and trade facilitation initiatives.

NEDA-attached agency Philippine Statistics Authority reported that the country’s total trade grew by 10.4 percent year-on-year in October 2017, a pickup from September’s 4.6-percent growth.

Exports recorded its eleventh consecutive month of positive growth at 6.6 percent, while imports posted a double-digit growth of 13.1 percent.

“We are encouraged by the performance of Philippine trade in recent months,…

Read more: Total trade post double-digit growth in October 2017

Manufacturing declines by 6.3% in October 2017

 

By Rose de la Cruz

The Philippine Statistics Authority’s Monthly Integrated Survey of Selected Industries (MISSI) reported a decline in the Volume of Production Index (VoPI) for manufacturing by 6.5 percent in October 2017, down from the 9.9 percent growth recorded in the same month last year.

Value of Production Index (VaPI) likewise dropped by 6.3 percent, leading to a three-month moving average of VoPI and VaPI decline by 2.9 and 3.2 percent, respectively.

“Efficiency in delivering business-related government services or ease of doing business still needs to be improved. Ideally, business procedures across…

Read more: Manufacturing declines by 6.3% in October 2017

UBS named top global equity research firm for 2017

 

By Rose de la Cruz

 

Swiss-based UBS has been named the institutional investor’s top global equity research firm for 2017 based on a survey done among buy-side analysts and portfolio managers. In 2013 it was in the seventh spot.

 

The ranking stemmed from votes by clients about their preferred research analysts and teams in each region which collectively resulted in UBS holding 162 leading positions across the world, ahead of more than 270 other sell-side firms competing in the polls.

 

"We'd like to thank all of our clients who voted for us and provided honest feedback…

Read more: UBS named top global equity research firm for 2017

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