Manufacturing Purchasing Managers’ Index (PMI) of select ASEAN economies, October 2022

Source BusinessWorld

Slower growth in China may send a “significant shock” to the Philippines and other Asian countries by causing a decline in investments and business confidence, according to Moody’s Investors Service...

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The national government was unable to raise a single centavo after the Bureau of the Treasury (BTr) rejected all the offers in its twin auction on Wednesday of P50 billion worth of government securities as investors continue to be aggressive in their asking rates...

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Factory output in the Philippines expanded at a slower pace in October, reflecting a modest uptick in new orders despite elevated inflation and supply chain disruptions, S&P Global said on Wednesday...

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The Senate finance committee will endorse the allocation of some P30 billion for the government’s disaster response programs for 2023 amid the recent devastation wreaked by severe weather disturbances, Sen. Juan Edgardo Angara said on Wednesday...

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The hunger rate in the Philippines "hardly moved" from the second to the third quarter of 2022, according to the latest Social Weather Stations (SWS) conducted during President Ferdinand "Bongbong" Marcos Jr.'s first few months in office...

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Some 2.9 million Filipino families experienced involuntary hunger at least once in the third quarter of the year, a survey conducted by Social Weather Stations (SWS) showed...

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More overseas Filipino workers (OFW) are expected to be deployed by next week as the Department of Migrant Workers (DMW) lifts its deployment restriction for the Kingdom of Saudi Arabia (KSA)...

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President Ferdinand R. Marcos, Jr. has approved a pandemic task force recommendation to ease quarantine rules for foreigners and Filipinos entering the country, as it seeks to boost tourism recovery...

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The Department of Trade and Industry (DTI) on Wednesday warned profiteers that it is closely monitoring the prices of basic goods and necessities in areas where a state of calamity has been declared following Tropical Storm Paeng (international name: Nalgae) earlier this week...

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Two government agencies differed on the optional face mask policy as 28.8 million students resumed in-person classes in public schools nationwide...

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Meta Platforms on Wednesday said it was adding a host of new features to Instagram, including a tool to trade digital collectibles, in a move that will help content creators monetize their presence on the social media platform...

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The Philippines should focus on critical areas of human development such as climate-resilient infrastructure and education to help boost its recovery from the coronavirus disease 2019 (COVID-19) pandemic, a United Nations Development Programme (UNDP) official said...

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President Ferdinand Marcos Jr. has removed from the Maritime Industry Authority (Marina) the task of overseeing maritime training and accreditation after the country repeatedly failed to pass the European Maritime Safety Agency’s (Emsa) evaluation in the past 16 years...

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The Department of Agriculture (DA) has cited the importance of regional cooperation in addressing the various issues related to attaining food security...

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For the third straight year, the Philippines maintained its spot as the seventh worst country in convicting killers of journalists, according to a report released by a global media watchdog on Wednesday...

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The Philippines is advancing the ratification process for a convention on labor to renew the trade privileges it enjoys under the European Union’s Generalized System of Preferences Plus...

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North Korea fired one long-range and two short-range ballistic missiles Thursday, Seoul’s military said, with one prompting warnings for residents of a South Korean island and people in parts of northern Japan to seek shelter...

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North Korea fired more than 20 missiles Wednesday, including one that landed close to South Korea's waters in what President Yoon Suk-yeol said was "effectively a territorial invasion"...

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Russia said on Wednesday it would resume its participation in a deal freeing up grain exports from Ukraine, reversing a move that world leaders warned would increase hunger globally...

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Asian share markets slid on Thursday after the U.S. Federal Reserve laid the groundwork for a protracted tightening campaign that torpedoed market hopes for a pause, sank bonds and lifted the dollar...

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China and Vietnam agreed on Tuesday to "properly manage" territorial disputes in the South China Sea, rounding off a leaders' meeting in Beijing as part of a diplomatic blitz by Chinese President Xi Jinping...

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The Federal Reserve delivered another steep interest rate increase on Wednesday, as expected, with its move to cool red-hot inflation taking on more weight amid the political maelstrom of key US midterm elections...

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Europe has warmed more than twice as much as the rest of the world over the past three decades and experienced the greatest temperature increase of any continent, according to a report by the World Meteorological Organization...

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Russia said on Wednesday it would renew its participation in an agreement allowing Ukraine to export grain via the Black Sea, just four days after suspending its role in the deal...

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The government is expanding its ongoing ease of doing business reform initiatives to sustain the growth of businesses and bolster economic activity, as it also collaborates with the private sector to strengthen exports...

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President Ferdinand “Bongbong” R. Marcos, Jr. declared a State of Calamity in four regions that were devastated by Severe Tropical Storm “Paeng ” (international name: Nalgae)..

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National Irrigation Administration (NIA) Administrator Benny Antiporda on Wednesday said that damage to the irrigation system from Storm "Paeng" reached P825.98 million, including P375 million in Mindanao...

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The crime rate dropped by at least 57 percent during the observance of All Saints’ Day, the Philippine National Police (PNP) reported yesterday...

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Planting trees on denuded mountains is a good move that can help prevent deadly landslides and flash floods, but President Marcos should do more to stop large-scale mining, illegal logging, quarrying and “destructive” projects that kill forests and gouge the land, progressive groups said on Wednesday...

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Recalling the laptops distributed to public school teachers for distance learning amid the pandemic will be an “additional problem” for educators since they will lose the devices they are using to prepare lectures, reports and online tasks, the Alliance of Concerned Teachers (ACT) said on Tuesday...

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Citing the NCR regional director, Poa said these public schools are now operating at full capacity, meaning 100 percent of their students have come back to study in their respective schools, GMA News reported...

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State pension fund Government Service Insurance System (GSIS) reported that it has maintained its International Organization for Standardization (ISO) 9001:2015 certification for its major processes for seven straight years following the audit by TÜV Rheinland Philippines Inc. (TUV-R) today...

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The Commission on Human Rights (CHR) on Wednesday urged the government to look into the welfare and situation of inmates at its facilities across the country after a recent Bureau of Corrections (BuCor) report found that three to four prisoners die in their custody every day this year alone...

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The Department of Trade and Industry (DTI) said the prices and supply of basic necessities and prime commodities are “generally stable” based on its latest nationwide situational report...

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The country’s fish supply remains sufficient despite the onslaught of Typhoon Paeng and any plan to import is unnecessary and would be detrimental to local producers, advocacy group Tugon Kabuhayan said...

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The local wheat industry continues to bear the high cost of wheat grains due to the war between Russia and Ukraine and the “tightness of supply,” among others, the Philippine Association of Flour Millers, Inc. (Pafmil) said on Wednesday...

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The Philippine seaport system needs a more conducive environment and a national transport policy to allow ports to operate efficiently and compete regionally, according to maritime research...

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To maintain the integrity of the Philippine currency, the Bangko Sentral ng Pilipinas (BSP) retired 519.93 metric tons of unfit, demonetized, mutilated and counterfeit (UDMC) coins through defacement...

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The country’s fish supply has remained stable amid the onslaught of Tropical Storm Paeng (international name: Nalgae) and various agricultural groups said there is no need to flood the market with imported fish...

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The country’s production of palay or unhusked rice is projected to have grown by 2.2 percent in the third quarter, according to the Philippine Statistics Authority (PSA)...

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The Monetary Board will raise the policy rate of the Bangko Sentral ng Pilipinas by 0.75 percentage point, to bring it to 5 percent, when they meet on Nov. 17, BSP Governor Felipe Medalla said on Thursday...

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The government decided against borrowing from domestic lenders at its first attempt in November as investors asked for rates that were deemed too high amid expectations of higher inflation and rising interest rates...

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Customs collections reached P75.5 billion in October, with preliminary data showing that the Bureau of Customs again exceeded its monthly target revenue...

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Hotel occupancy levels are currently between 60 and 80%, and are expected to return to pre-pandemic levels starting 2024, an industry executive said...

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The aquaculture industry said the government should not us the recent storm as a pretext to authorize fish imports, saying that the domestic supply of fish is stable despite the damage inflicted by Tropical Storm Paeng (international name: Nalgae)...

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Yang, Y., Secchi, D. & Homberg, F. (2022). Organizational structure and organizational learning: The moderating role of organizational defensive routines. Journal of General Management, 47 (4), 259-270. https://doi.org/10.1177/03063070211038922

Access the full article via SAGE Journals institutional login (University of the Philippines Diliman).

https://journals.sagepub.com/doi/full/10.1177/03063070211038922

Mungan, M.C. & Wright, J. (2022). Optimal standards of proof in antitrust. International Review of Law and Economics, 71, 1-6. https://doi.org/10.1016/j.irle.2022.106083

Access the full article via Science Direct institutional login (University of the Philippines Diliman).

https://www.sciencedirect.com/science/article/pii/S0144818822000394