PHL investment position minus $69.3B in Q1
THE PHILIPPINES’ international investment position (IIP) was a net external liability of $69.3 billion at the end of March, the Bangko Sentral ng Pilipinas...
Gov’t cash utilization rate hits 94% in May
THE cash utilization rate posted by government agencies hit 94% at the end of May, the Department of Budget and Management (DBM) said.
The National...
PHL could benefit from shift away from US assets — ANZ
THE PHILIPPINES may benefit from potential intra-regional flows as more countries in Asia shift away from dollar assets and diversify their portfolios due to...
Exporters remain ‘in the dark’ about eventual US tariff rate
PHILIPPINE EXPORTERS remain cautious in the face of the uncertainty posed by the US tariff regime, but are hoping that US President Donald J. Trump views the Philippines as a “friendly country.”
BoI pitching investors in Spain on 2 solar projects
THE Board of Investments (BoI) said it is making presentations about two major solar projects at a conference in Spain, to potential “impact-driven partners.”
“At...
21 renewable projects forwarded to NGCP for grid impact studies
THE Department of Energy (DoE) endorsed 21 energy projects in May for system impact studies (SIS) by the National Grid Corp. of the Philippines...
Philippine corporate governance hindered by highly concentrated ownership, OECD says
CONCENTRATED corporate ownership, particularly among family owned listed firms, undermines corporate governance, the Organisation for Economic Co-operation and Development (OECD) said.
“Concentrated ownership… can undermine...
Konektadong Pinoy’s lighter regime deemed attractive to tech investors
THE Konektadong Pinoy bill is expected to demonstrate a simplified regulatory regime to foreign investors that will serve to attract investors in digital infrastructure,...
Low inflation masks price hikes at sari-sari stores, study finds
PRICES of various goods sold in mom-and-pop outlets, known in the Philippines as sari-sari stores, continue to increase despite a decline in inflation, a...
Nonbank financial institutions remain ‘cautious’ about sustainability practices
NEARLY HALF of nonbank financial institutions (NBFIs) were evaluated as “cautious practitioners” of green finance, the Securities and Exchange Commission (SEC) said.
NBFIs classified as...
Rice-processing system expected to benefit 6,000 Nueva Ecija farmers
THE Department of Agriculture (DA) said a P64-million rice processing system opened to serve about 6,000 rice farmers in Nueva Ecija.
The system, which was...
Chicken, fish prices rise in mid-June
THE PRICES of key agricultural commodities, including chicken and fish, rose in mid-June, according to the Philippine Statistics Authority (PSA).
During the June 15-17 monitoring...