Trade deficit narrows to $3.95 billion in June
THE Philippines’ trade-in-goods deficit narrowed to $3.95 billion in June, as double-digit export growth was driven by frontloading in the run-up to higher US...
DoF warns of P5-B revenue loss if travel tax is eliminated
ANALYSTS are urging the Philippine government to abolish the “outdated” travel tax, but the Department of Finance (DoF) has warned this could lead to as much as P5.1 billion in revenue losses.
PHL employers to cut salary budgets in 2026 — WTW
PHILIPPINE EMPLOYERS expect to see a decline in their salary budgets in 2026, which could affect potential pay hikes for private sector workers, global advisory firm WTW said.
IMF nudges up 2025 growth forecast but says tariff risks still dog outlook
USThe International Monetary Fund on Tuesday raised its global growth forecasts for 2025 and 2026 slightly, citing stronger-than-expected purchases ahead of an August 1...
BSP: Rate cut still on table in Aug.
THE Bangko Sentral ng Pilipinas (BSP) could continue lowering interest rates at its meeting in August, its top official said.
IMF raises Philippine growth forecast for 2026
THE INTERNATIONAL Monetary Fund (IMF) raised its gross domestic product (GDP) growth forecast for the Philippines for 2026 but kept its projection for this...
Zero tariffs on US goods to result in up to P6B in foregone revenues
THE PHILIPPINE GOVERNMENT is anticipating up to P6 billion in foregone revenues following its decision to grant zero tariffs on selected US products imported into the country.
BSP eyes prudential requirements for digital-centric banks
THE BANGKO SENTRAL ng Pilipinas (BSP) is looking to set prudential requirements for “digital-centric” banks as it wants to level the playing field and...
Marcos skips e-gaming, tariffs in SONA
PHILIPPINE President Ferdinand R. Marcos, Jr. delivered his fourth State of the Nation Address (SONA) on Monday, notably omitting two controversial issues facing his administration: the proposed ban on online gambling and US tariff increases that threaten growth.
Auto sales inch up despite drop in demand for cars
NEW VEHICLE SALES inched up by an annual 3.6% in June as a double-digit surge in commercial vehicle sales helped offset a 35% decline in sales of passenger cars, an industry report showed.
MUFG sees room for further policy easing
THE BANGKO SENTRAL ng Pilipinas (BSP) could further lower interest rates this year to bolster economic growth amid benign inflation and global trade uncertainties,...
Philippine central bank on track for two more rate cuts in 2025
MANILA — The Philippine central bank is committed to maintaining its easing bias and is on course to cut policy rates twice this year,...