PHL economy grows 5.9% in third quarter, beats forecast
The Philippine economy grew 5.9% in the third quarter from a year earlier, the statistics agency said on Thursday, stronger than the previous quarter’s...
Philippines October annual inflation at 4.9%, less than forecast
MANILA - Philippine annual inflation came in at 4.9% in October versus the previous month's 6.1%, the statistics agency said on Tuesday, reflecting slower...
Diokno says to vote to hold rate in next BSP policy meeting
Philippine Finance Secretary Benjamin E. Dioko said on Monday he will vote to keep interest rates steady when the central bank meets to review...
BSP delivers off-cycle 25-bps rate hike
The Bangko Sentral ng Pilipinas (BSP) took off-cycle action today, hiking benchmark interest rates by 25 basis points (bps) to 6.5% to re-anchor inflation...
Philippines to allot P3 billion to develop islands in South China Sea
By Beatriz Marie D. Cruz, Reporter
Philippine lawmakers will allot P3 billion to develop islands in the South China Sea, Speaker Ferdinand Martin G. Romualdez...
Marcos rejects proposal to cut rice tariffs
Philippine President Ferdinand R. Marcos, Jr. has turned down his economic managers' proposal to temporarily cut duties on rice imports amid spiraling prices.
In a...
Remolona open to an off-cycle rate hike
Philippine central bank Governor Eli M. Remolona said he’s open to an unscheduled interest-rate hike before the November meeting, doubling down on his hawkish...
House passes bill overhauling mining tax system
THE HOUSE of Representatives on Tuesday approved a bill that overhauls the tax system for mining, which the government said will be simplified to...
BSP chief says no need to hike rates if no further supply shocks
There is no need for the Philippine central bank to raise interest rates if there are no further supply shocks like those seen in...
Marcos: Philippines, Korea signed FTA
The Philippines and South Korea have signed a free trade agreement (FTA), President Ferdinand R. Marcos, Jr. said on Thursday, as his government seeks...
Philippines inflation unexpectedly quickens to 5.3% in August
MANILA - Philippine inflation proved stubborn after it unexpectedly quickened for the first time in seven months in August, due largely to an uptick...
Philippines central bank chief says policy easing not on radar screen
MANILA - Easing monetary policy is not on the Philippine central bank's radar screen given upside risks to inflation, its governor said on Tuesday.
Bangko...