House bill seeks to set 6% of GDP spending minimum for education
A HOUSE bill seeks to set a floor of 6% of gross domestic product (GDP) for spending on education, which would reverse recent trends in government spending favoring infrastructure.
MSRP for imported rice set for P2 reduction in mid-July
THE Department of Agriculture (DA) said it will lower the maximum suggested retail price (MSRP) for imported rice to P43 from P45 per kilogram...
ASEAN wholesale cross-border payments seen requiring monitoring of capital flows
THE EVENTUAL integration of wholesale cross-border payments in the ASEAN Regional Payment Connectivity (RPC) system will require regulators to monitor and manage capital flows,...
PHL stocks rebound before June inflation report
PHILIPPINE STOCKS climbed on Thursday amid expectations that domestic inflation remained below target last month despite an expected uptick due to the Iran-Israel conflict.
The...
Peso rises to near 3-week high as US data bolster Fed cut bets
THE PESO climbed to a near three-week high against the dollar on Thursday amid weak US data that bolstered bets of further US Federal...
PEZA investments surge in 1st half
THE PHILIPPINE Economic Zone Authority (PEZA) saw a 59% increase in approved investment pledges in the first six months of 2025, despite a drop...
Philippines still a lower middle-income country, according to World Bank
THE PHILIPPINES is still classified as a lower middle-income country after just missing the threshold to achieve upper middle-income country (UMIC) status, according to...
EV stakeholders told to brace for impact of ‘One Big Beautiful Bill’
THE DEPARTMENT of Trade and Industry (DTI) on Wednesday warned that the Trump administration’s “One Big Beautiful Bill (BBB) Act” may have a negative impact on Philippine enterprises involved in electric vehicle manufacturing and supply-chain operations.
Shares slip as focus shifts to US tariff deadline
PHILIPPINE STOCKS slipped on Wednesday as market focus turned to the Trump administration’s July 9 tariff deadline.
The main Philippine Stock Exchange index (PSEi) edged...
Peso halts winning streak on Fed, tariff concerns
THE PESO snapped its six-day winning run against the dollar on Wednesday on better-than-expected US economic data, which led players to reconsider their bets...
Hike in vehicle insurance premiums under study
THE INSURANCE COMMISSION (IC) said it is considering increasing basic premiums for Compulsory Motor Vehicle Liability Insurance (CMVLI) in certain types of vehicles.
“In consonance...
MSMEs vie to join Jollibee supply chain
OVER 100 owners of micro, small and medium enterprises (MSMEs) participated in a session organized by the Department of Trade and Industry (DTI) which...