Redentor Paolo Alegre Jr., officer-in-charge of the BSP Department of Economic Statistics, said in an online press briefing that the overall business confidence index (CI) for the fourth quarter increased to 56.8 percent from the previous quarter's 43.7 percent.
"The current-quarter CI has considerably improved since the peak of the COVID-19 effects in the third quarter of 2020, when it registered at -5.3 percent," Alegre said.
"However, it has not yet reached its pre-pandemic average level of 41.6 percent and has just been hovering above 30 percent since then," he said.
Based on the 2024 third quarter Business Expectations Survey (BES), Alegre said the respondents attributed their increased optimism to expectations of higher demand for products and services during the holidays, lower interest rates, easing inflation and better economic conditions.
This story is from the September 28, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the September 28, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
PSE readies launch of GPDR
The Philippine Stock Exchange Inc.(PSE) will soon enable local investors to establish a globally diversified portfolio through Global Philippine Depositary Receipts (GPDR).
ALI's net-zero targets get SBTi approval
(ALI) has become the first publicly listed property development company in the Philippines to have its net-zero targets validated by Science Based Targets Initiative (SBTi).
Stocks succumb anew to profit taking
Investors found it hard to resist pocketing gains yesterday, sending the local market in the red at the week's close.
Growth in property prices slows in Q2 - BSP
The residential real estate prices of various type of new housing units in the Philippines continued to pick up, but the growth rate eased for the fourth straight time in the second quarter, marking the slowest in two years, the Bangko Sentral ng Pilipinas (BSP) said.
'Enhanced law vs agri smuggling to boost revenue collection'
The enhanced law versus agriculture smuggling may boost government's revenue collection, according to the Department of Finance (DOF).
Businesses, consumers more bullish for Q4
Businesses and consumers are more optimistic for the fourth quarter, according to the latest surveys conducted by the Bangko Sentral ng Pilipinas (BSP).
Infra spending hits P125 B in July
The Marcos administration increased its infrastructure spending by 13 percent to P125 billion in July, largely to fund road and defense projects, according to the Department of Budget and Management (DBM).
HOTSHOTS WIN BY LANDSLIDE
Magnolia took flight with new import Jabari Bird and clawed the equalizer on the road.
Rose, youngest MVP in NBA, calls it a day
American basketball player Derrick Rose, the youngest ever NBA star to win the Most Valuable Player award, announced his retirement Thursday after 16 seasons.
Blazers lean on Liwag's hot hands
St. Benilde big man Allen Liwag promised a better version of himself entering NCAA Season 100.