Steadily lower plastics waste seen over five years
The countdown has begun for plastics-producing companies to demonstrate by the end of the year the steady recovery and diversion of at least 20 percent of their 2022 plastic footprint as mandated by the Extended Producer Responsibility (EPR) Act.
LTG nine-month income falls 6% on weak tobacco
LT Group Inc., the holding firm of most businesses of tycoon Lucio Tan, said net income in the nine months through September fell 6 percent to P19.25 billion from last year’s P20.41 billion, caused mainly by weaker tobacco business.
PSE to hold last edition of investors day for the year
Nine publicly-listed will join the last edition of the Philippine Stock Exchange Inc.’s investor day for the year, an event that features the presentation of select listed firms quarter-end results.
Fitch affirms country’s investment grade rating, stable credit outlook
Fitch Ratings has affirmed Manila's triple B (BBB) credit rating, which is above the minimum investment grade, and has kept the outlook on the rating at “stable.”
Saving and real investments fell in 2020 as pandemic bites – BSP data
The country's so-called flow of funds in 2020, which helps indicate whether the USD406 billion economy borrows from or actually lends money to the growth-producing economic sectors, show a sharp 26.1 percent drop in domestic saving to P3.7 trillion from P5 trillion in 2019.
